海川智能(300720) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 was ¥225,499,535, representing a 12.62% increase compared to ¥200,226,951 in 2022[20]. - The net profit attributable to shareholders for 2023 was ¥36,185,787, a decrease of 11.60% from ¥40,921,216 in 2022[20]. - Basic and diluted earnings per share for 2023 were both ¥0.1857, reflecting an 11.57% decline from ¥0.21 in 2022[20]. - Total assets at the end of 2023 amounted to ¥653,908,264, a 2.88% increase from ¥635,322,368 at the end of 2022[20]. - The net assets attributable to shareholders increased by 1.17% to ¥591,286,094.70 at the end of 2023, compared to ¥584,417,690.37 at the end of 2022[20]. - The company reported a total of ¥2,479,030.17 in non-recurring gains and losses for 2023, compared to ¥1,522,972.14 in 2022[27]. - The first quarter of 2023 saw operating revenue of ¥41,345,474.14, while the fourth quarter reported revenue of ¥72,382,832.23[23]. - The company achieved a total revenue of CNY 225.50 million in 2023, representing a year-on-year increase of 12.62% compared to CNY 200.23 million in 2022[37]. Cash Flow and Dividends - The company plans to distribute a cash dividend of 1.80 RMB per 10 shares to all shareholders, based on a total share capital of 194,877,256 shares as of December 31, 2023[4]. - The net profit attributable to shareholders for the year 2023 is RMB 36,185,787.20, with undistributed profits at RMB 272,289,149.30[120]. - The cash dividend distribution accounts for 100% of the total profit distribution amount[118]. - Operating cash inflow for 2023 was ¥247,583,168.53, an increase of 13.58% compared to ¥217,981,390.18 in 2022[53]. - The net cash flow from operating activities decreased by 32.51% to ¥26,911,850.97, down from ¥39,873,348.76 in 2022, primarily due to increased cash payments for goods and services[53]. - The company reported a net cash decrease of ¥127,205,508.67 in 2023, a significant decline of 225.62% compared to an increase of ¥101,260,330.21 in 2022[54]. Research and Development - The company has established a comprehensive R&D system, continuously increasing investment in R&D to meet market demands and enhance its technological advantages[38]. - The company’s R&D investment in 2023 amounted to ¥20,837,279.49, representing 9.24% of total revenue, a decrease from 10.72% in 2022[52]. - The number of R&D personnel increased by 2.38% to 86 in 2023, while the proportion of R&D personnel to total staff slightly decreased to 15.03%[52]. - The company is developing a multi-functional data acquisition terminal to enhance its product line and expand market applications[48]. - The company is accelerating research and development of high-value-added products to improve its competitive edge[69]. Market and Sales Performance - Revenue from measuring equipment was CNY 177.71 million, accounting for 78.81% of total revenue, with a growth of 13.70% from CNY 156.30 million in the previous year[41]. - Domestic sales reached CNY 140.07 million, which is 62.11% of total revenue, showing a significant increase of 21.38% from CNY 115.39 million in 2022[41]. - The company’s product sales in the smart water meter segment grew by 45.94%, reaching CNY 11.62 million, up from CNY 7.96 million in 2022[41]. - The company’s direct sales accounted for 88.75% of total revenue, amounting to CNY 200.12 million, reflecting a growth of 14.04% from the previous year[41]. - The company's revenue from the instrumentation sector reached ¥202,467,001.09, with a year-on-year increase of 15.15%[42]. Risks and Challenges - The company faces risks from macroeconomic fluctuations, which could impact its operating performance, and plans to enhance product quality and market expansion to mitigate these risks[67]. - The company’s export business is significantly affected by exchange rate fluctuations, particularly with USD, and it will implement measures to manage foreign exchange risks[68]. - The company is experiencing high material costs, which have been impacted by rising raw material prices due to environmental regulations and supply-side reforms[68]. - The company faces risks from raw material price fluctuations, which could negatively impact production costs and operating performance if prices continue to rise significantly[69]. Governance and Management - The company has maintained a stable leadership structure, with all current directors and supervisors serving their terms without interruption[83]. - The management team includes experienced professionals with extensive backgrounds in their respective fields, contributing to the company's strategic direction[91]. - The company has established a governance structure that promotes checks and balances among its various management bodies[128]. - The company held 1 shareholders' meeting, 4 board meetings, and 3 supervisory meetings during the reporting period, all in compliance with legal regulations[128]. - The total remuneration for directors, supervisors, and senior management in 2023 amounted to CNY 2.5813 million[96]. Compliance and Internal Control - The company maintained effective internal control over financial reporting as of December 31, 2023, according to the internal control audit report[125]. - There were no significant internal control deficiencies reported during the period[122]. - The internal control audit report was issued with a standard unqualified opinion, confirming the effectiveness of the company's internal controls[125]. - The company has updated its internal control systems in accordance with the latest laws and regulations[121]. - The audit report indicates that the financial statements fairly reflect the company's financial position as of December 31, 2023[188]. Employee Management - The total number of employees at the end of the reporting period is 572, with 341 in the parent company and 231 in major subsidiaries[107]. - The company emphasizes a competitive, fair, and performance-oriented salary policy to motivate employees[108]. - The company has established a comprehensive employee compensation management system over years of development[108]. - Employee rights are protected through competitive compensation packages and compliance with labor laws, including timely payment of social insurance[132]. - The company has established a comprehensive training system, including new employee onboarding, general skills training, leadership training, and professional skills training[115].