GEM(SZ:002340)2024-04-26 16:28Dividend Distribution - The company plans to distribute a cash dividend of 0.80 yuan per 10 shares (including tax) to all shareholders for the 2023 fiscal year[3]. - The total share capital used for the dividend distribution will be adjusted based on any changes in the total share capital before the record date[3]. - The total cash dividend, including share repurchases, is expected to reach approximately 530.28 million yuan, accounting for 56.71% of the net profit attributable to shareholders[156]. Financial Performance - The company's operating revenue for 2023 was ¥30,528,634,731.12, representing a 3.87% increase from ¥29,391,772,691.52 in 2022[14]. - The net profit attributable to shareholders for 2023 was ¥934,487,445.30, a decrease of 27.89% compared to ¥1,295,888,442.16 in 2022[14]. - The net profit after deducting non-recurring gains and losses was -¥240,660,830.56 in 2023, a decline of 119.91% from ¥1,208,862,009.26 in 2022[14]. - The net cash flow from operating activities increased significantly to ¥2,164,444,321.01, compared to -¥17,303,453.52 in 2022, marking a 12,608.74% increase[14]. - Total assets at the end of 2023 were ¥52,632,379,760.02, up 19.27% from ¥44,129,607,400.43 at the end of 2022[14]. - The company's basic earnings per share for 2023 was ¥0.18, down 30.77% from ¥0.26 in 2022[14]. Risk Management - The company emphasizes the importance of accurate financial reporting and has confirmed the authenticity of the annual report by its management team[2]. - The report includes forward-looking statements regarding future plans and development strategies, which do not constitute a commitment to investors[2]. - The company has outlined potential risks and corresponding mitigation strategies in the management discussion section of the report[2]. Corporate Governance - The report indicates that all board members attended the meeting to review the annual report[2]. - The company has a dedicated contact for investor relations, ensuring effective communication with stakeholders[9]. - The company has maintained a high level of governance, achieving an A-level rating in information disclosure for ten consecutive years from the Shenzhen Stock Exchange[53]. - The company has established various specialized committees within the board to enhance governance and decision-making processes[159]. - The company has implemented a series of internal control regulations to ensure compliance and transparency in governance[160]. Research and Development - The company has applied for 3,767 patents globally and has led the formulation of 475 national and industry standards[23]. - The company has invested significantly in R&D from 2017 to 2023, demonstrating a continuous commitment to innovation and maintaining its competitive edge in the industry[59]. - Research and development (R&D) investment amounted to ¥1,446,456,442.35 in 2023, representing 4.74% of operating revenue, down from 5.02% in 2022[88]. Sustainability and Environmental Initiatives - The company aims to create a world-class green industry group and enhance its ESG value chain cooperation globally, aligning with the new round of equipment updates and consumer product recycling strategies in China[26]. - The company has been recognized as a national model for circular economy practices, receiving accolades such as the "National Circular Economy Education Demonstration Base" and "National Green Factory"[65]. - The company is committed to a zero-carbon plan, with a goal of 50% recycling of nickel, cobalt, and lithium resources by 2027[130]. Market Position and Strategy - The company has established a unique lifecycle value chain model for new energy, connecting the manufacturing, consumption, and recycling ends of the global new energy industry[24]. - The company is exploring overseas expansion opportunities and is assessing the impact of nickel price fluctuations on its profitability and production plans[151]. - The company aims to achieve an annual revenue of 40 billion RMB, striving to exceed 43 billion RMB in 2024[122]. Employee and Management Information - The total number of employees at the end of the reporting period is 10,253, with 10,150 from major subsidiaries[197]. - The company has a diverse management team with significant experience in various sectors, including finance, engineering, and management, which enhances its operational capabilities[176]. - The total pre-tax remuneration for the board of directors, supervisors, and senior management during the reporting period amounted to CNY 29.73 million[185]. Strategic Partnerships and Collaborations - The company has established strategic partnerships with major automotive groups, enhancing its position in the new energy lifecycle value chain[44]. - The company received the Annual Best Partner Award from Samsung SDI, reinforcing its strategic partnerships with major clients like Samsung, SK On, and CATL[52]. - The company has established a joint research laboratory with Bandung Institute of Technology, focusing on key mineral resource development and sustainable technologies[56].