Innovation and R&D - The company obtained 12 utility model patents in 2023, including components for new energy vehicles and energy storage systems[3]. - The company has a total of 1 invention patent, 66 utility model patents, and 2 software copyrights[3]. - The company continues to focus on R&D and personalized production to meet diverse customer needs across over 300 series and 4000 models[37]. - R&D expenditure amounted to 12.21 million yuan, marking a 13.77% increase compared to the previous period, with 12 new utility model patents obtained[41]. - The company has completed several R&D projects aimed at enhancing product reliability and expanding market share in high-end electromechanical components[85][86]. - The company reported a research and development expenditure of CNY 12,211,647.15, representing 5.34% of its operating revenue, compared to CNY 10,733,655.52 and 5.31% in the previous period[173]. - The total R&D expenditure for the top five projects amounted to CNY 10,617,186.88, with the highest being CNY 3,190,970.57 for the new energy vehicle high and low voltage composite connector[172]. Financial Performance - The company's operating revenue for 2023 reached ¥228,822,733.10, representing a year-over-year increase of 13.24% compared to ¥202,067,261.71 in 2022[25]. - The net profit attributable to shareholders for 2023 was ¥39,009,236.47, reflecting a growth of 12.17% from ¥34,777,958.06 in 2022[25]. - The gross profit margin improved to 31.29% in 2023, up from 29.12% in 2022[25]. - Total assets increased to ¥519,233,536.49, marking an 8.77% rise from ¥478,063,231.63 at the end of 2022[27]. - The total liabilities rose significantly by 44.48% to ¥86,230,269.57 from ¥59,681,638.25 in 2022[27]. - The net assets attributable to shareholders increased by 3.47% to ¥431,425,140.16 compared to ¥416,952,554.64 in 2022[27]. - The company reported a basic earnings per share of ¥0.49, up 4.35% from ¥0.46 in 2022[25]. - The cash flow from operating activities for 2023 was ¥54,014,704.44, compared to ¥41,223,784.33 in 2022[28]. - The total profit reached 43.76 million yuan, up 15.31% year-on-year, while net profit was 39.16 million yuan, reflecting a year-on-year growth of 12.77%[41]. Market Position and Strategy - The company has established long-term partnerships with leading enterprises in various sectors, including automotive and industrial automation, enhancing its market position[37]. - The company is actively expanding into new markets, including the low-altitude economy, with projects related to flying cars already underway[43]. - The company is focusing on lean production and intelligent upgrades to enhance competitiveness, investing in automation and smart equipment upgrades[98]. - The company is committed to a differentiated development strategy, focusing on "small batch, multiple varieties" product positioning to meet the high demands of clients in various sectors[94]. - The company emphasizes the integration of products, providing one-stop solutions that include harnesses, PCBA, injection molded parts, and coils[94]. Corporate Governance and Compliance - The company has established a comprehensive internal management and control system to maximize shareholder interests and ensure compliance with legal regulations[179]. - The company has implemented a robust investor relations management system, ensuring timely information disclosure and protecting shareholder rights[187]. - Independent directors accounted for more than one-third of the board, ensuring compliance with governance standards[189]. - The independent directors did not raise any objections to company matters during the reporting period, indicating consensus on key decisions[191]. - The company maintains independence in operations, personnel, assets, and financial management, ensuring no interference from controlling shareholders[195][196]. Employee Management and Development - The total number of employees decreased from 329 to 322, with a net reduction of 7 employees during the reporting period[153]. - The company maintains a stable management team and emphasizes the development and retention of high-quality talent[154]. - Employee training programs are aligned with the company's strategic goals, aiming to enhance individual and team performance[154]. - The compensation system is based on performance and efficiency, promoting sustainable development[154]. Legal and Regulatory Matters - The company is currently facing a lawsuit regarding a construction contract, with a claim amounting to ¥29,916,750, which exceeds the initially estimated remaining payment[102]. - The company is involved in a significant lawsuit with Shanghai Huaxin Construction (Group) Co., Ltd., with an amount of CNY 18,910,512.04, representing 4.38% of the company's net assets[108]. - There are no non-standard audit opinions or significant audit issues reported, indicating a clean audit for the financial year[87]. Shareholder Information - The company completed a share repurchase of 1,250,000 shares, accounting for 1.55% of the total share capital, with a total payment of CNY 8,934,641.58[116]. - The largest shareholder, Zhou Haoliang, holds 34,136,000 shares, representing 42.31% of total shares[130]. - The company announced a cash dividend distribution of 3.00 RMB per 10 shares, totaling 23,829,780.90 RMB for 79,432,603 shares eligible for distribution[142]. - The total remuneration for directors, supervisors, and senior management in 2023 amounted to 4.1661 million RMB[151].
威贸电子(833346) - 2023 Q4 - 年度财报