QUICK CO.,(603203)2024-04-29 08:22Financial Performance - The company's operating revenue for 2023 was ¥792,598,367.22, a decrease of 12.07% compared to ¥901,410,736.69 in 2022[24]. - The net profit attributable to shareholders for 2023 was ¥191,000,164.32, representing a decline of 30.13% from ¥273,380,105.53 in 2022[24]. - The basic earnings per share for 2023 was ¥0.77, down 30.63% from ¥1.11 in 2022[25]. - The weighted average return on equity for 2023 was 13.99%, a decrease of 6.86 percentage points from 20.85% in 2022[25]. - The total assets at the end of 2023 were ¥1,778,241,387.10, down 5.31% from ¥1,877,963,541.88 at the end of 2022[24]. - The cash flow from operating activities for 2023 was ¥209,726,630.24, a decrease of 13.26% compared to ¥241,781,491.87 in 2022[24]. - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, with ¥149,665,471.38 reported for 2023, down 36.93% from 2022[24]. - The gross profit margin reached 47.30%, indicating stable operational quality despite short-term performance pressure due to the weak recovery in the consumer electronics industry[34]. - The company achieved a comprehensive gross margin of 47.30% during the reporting period[117]. Dividend Policy - The company plans to distribute a cash dividend of 6 RMB per 10 shares to shareholders, with no capital reserve transfer or bonus shares for the year[5]. - The company will carry forward the remaining undistributed profits to the next year[5]. - The total cash dividend amount (including tax) is 149,195,050.80 CNY[170]. - Total cash dividend amount accounts for 78.11% of the net profit attributable to ordinary shareholders in the consolidated financial statements[170]. - The proposed cash dividend for the 2023 fiscal year is 6.00 RMB per 10 shares (including tax), with no capital reserve transfer or stock dividends planned[167]. - The company aims to maintain a minimum cash dividend ratio of 80% for mature stages without significant capital expenditures, 40% with significant expenditures, and 20% for growth stages with significant expenditures[163]. - The company has a structured decision-making process for profit distribution, requiring board and supervisory board review, with independent directors providing opinions[166]. - The company has committed to protecting minority shareholders' rights by ensuring they have opportunities to express their opinions and concerns regarding dividend policies[168]. - The company will not adjust its cash dividend policy unless there are significant changes in the external operating environment or its own operational status[166]. Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm Xinyong Zhonghe[4]. - The board of directors and supervisory board confirm the authenticity, accuracy, and completeness of the annual report[7]. - The company has not violated decision-making procedures for external guarantees[8]. - The company has no instances of more than half of the directors unable to guarantee the authenticity of the annual report[7]. - The company emphasizes transparency and timely information disclosure, maintaining investor relations through various communication channels[128]. - The company has implemented a restricted stock incentive plan during the reporting period, ensuring compliance with insider trading regulations[129]. - The company has a complete and independent business system, ensuring operational autonomy and financial independence from the controlling shareholder[127]. - The company has not disclosed any significant issues in its internal control audit, receiving a standard unqualified opinion from the auditing firm[183]. Research and Development - The company is actively pursuing market opportunities in AI hardware, new energy vehicles, and semiconductor packaging, with a focus on accelerating new product development[54]. - The company is focusing on developing AI and 3D AOI technologies, enhancing its capabilities in SMT/PCBA electronic assembly[104]. - The company has completed the R&D of several semiconductor packaging technologies, including a micro-pressure chip pickup mechanism and a vacuum solid crystal welding process[28][29]. - The company is actively increasing R&D investment to maintain technological leadership in various equipment, with a focus on advanced packaging high-end equipment[106]. - The company has developed a zero-code programmable software platform that integrates with customer systems to create AI-driven flexible production systems, successfully delivered to leading automotive electronics clients[49]. - The company has established a power semiconductor packaging DEMO and testing center, providing one-stop services from prototyping to validation for clients, including carbon silicon packaging enterprises and research institutions[106]. Market Trends and Opportunities - The global smartphone shipment in 2023 was 1.14 billion units, a decline of 5%, but is expected to grow by 4% in 2024, reaching 1.17 billion units[35]. - The domestic retail sales of new energy passenger vehicles in 2023 reached 7.736 million units, a year-on-year increase of 36.2%, with a penetration rate of 34.7%[36]. - The global machine vision market is projected to grow at a compound annual growth rate (CAGR) of 13% from 2023 to 2025, potentially reaching CNY 127.6 billion by 2025[37]. - The market for 4D millimeter-wave radar is expected to grow at a CAGR of 48% from 2021 to 2027, with the market size in China projected to reach CNY 44.9 billion by 2030[39]. - The global semiconductor market is projected to reach $52.84 billion in 2024, reflecting a growth of approximately 13.1% compared to $52.01 billion in 2023, which represents a decline of 9.4% from $57.41 billion in 2022[41]. - The silicon carbide (SiC) power device market is expected to grow from $1.8 billion in 2022 to $8.9 billion by 2028, with a compound annual growth rate (CAGR) of 31%, driven by the electric vehicle sector contributing over 85%[41]. Governance and Management - The company has a strong governance structure with a diverse board of directors and management team, ensuring effective oversight and strategic decision-making[139]. - The company has established a cash dividend policy that prioritizes cash dividends, distributing at least 20% of the distributable profits annually when profitable[163]. - The company has implemented a detailed internal control system for business management, focusing on key areas such as major investments and risk management[181]. - The company has a well-defined compensation policy that combines fixed salaries with performance-based incentives to motivate employees[160]. - The company has established a comprehensive performance evaluation mechanism for senior management, which includes a strict annual assessment by the board's compensation and assessment committee[180]. Employee and Operational Insights - The total number of employees in the parent company is 938, while the main subsidiaries employ 261, resulting in a total of 1,199 employees[158]. - The professional composition includes 395 production personnel, 117 sales personnel, 582 technical personnel, 13 financial personnel, and 27 management personnel[158]. - The number of R&D personnel is 341, which constitutes 28.44% of the total workforce[75]. - The company has implemented a comprehensive training program to enhance employee skills and support professional development, which is linked to performance evaluations[161]. - The company has no plans for labor outsourcing, focusing instead on internal resource development[162]. Environmental and Social Responsibility - The company invested 1.5169 million yuan in environmental protection during the reporting period[185]. - The company reduced carbon emissions by approximately 38.37 tons through various energy-saving and environmental protection measures, including the operation of a solar photovoltaic power generation project that generated 85,080 kWh of electricity[187]. - The company has established a mechanism for environmental protection and complies with relevant environmental laws and regulations, with no penalties reported for environmental violations during the period[186]. - The company actively promotes energy-saving practices, including reducing energy consumption and encouraging paperless operations among employees[186].