Financial Performance - For the fiscal year ending December 31, 2023, the company achieved revenue of approximately RMB 463.9 million, representing a year-on-year growth of about 31.6%[10]. - The gross profit for the same period was approximately RMB 257.1 million, with a gross margin of approximately 55.4%[10]. - The company's operating profit was approximately RMB 113.4 million, compared to RMB 98.5 million in 2022, indicating a solid performance[13]. - The company achieved a revenue of RMB 463.9 million in 2023, representing a year-on-year growth of 31.6%, with a gross margin of 55.4%[20]. - The company's revenue increased by 31.6% from RMB 352.5 million in 2022 to RMB 463.9 million in 2023, driven by the launch of new industrial products and strong demand in the new energy sector[32]. - Revenue from power management products rose by 38.5% from RMB 294.8 million in 2022 to RMB 408.3 million in 2023, attributed to new product launches and increased customer demand[33]. - Revenue from signal chain products decreased by 3.6% from RMB 57.7 million in 2022 to RMB 55.6 million in 2023, due to reduced demand for certain models[33]. - Revenue from sales to distributors increased by 43.5% from RMB 282.7 million in 2022 to RMB 405.7 million in 2023, as major distributors steadily increased their purchases[33]. - Gross profit rose by 29.0% from RMB 199.3 million in 2022 to RMB 257.1 million in 2023, while gross margin slightly decreased from 56.5% to 55.4%[35]. - The company's annual profit rose by 14.6% from RMB 95.3 million for the year ended December 31, 2022, to RMB 109.2 million for the year ended December 31, 2023, mainly due to increased revenue[47]. - Adjusted net profit (non-HKFRS measure) for the year ended December 31, 2023, was RMB 120.6 million, compared to RMB 95.3 million for the year ended December 31, 2022[48]. Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 1,270.9 million, a significant increase from RMB 595.5 million in 2022[15]. - The total liabilities increased to RMB 432.7 million from RMB 199.7 million in the previous year, reflecting the company's growth strategy[15]. - Current assets increased by approximately 120.1% to RMB 1,166.3 million as of December 31, 2023, compared to RMB 529.9 million as of December 31, 2022[53]. - Cash and cash equivalents increased by approximately 239.0% to RMB 550.8 million as of December 31, 2023, from RMB 162.5 million as of December 31, 2022[53]. - The company's outstanding bank loans increased from RMB 95.5 million as of December 31, 2022, to RMB 171.6 million as of December 31, 2023, primarily to support operational funding needs[58]. - The capital debt ratio as of December 31, 2023, was approximately 21.8%, down from 25.8% as of December 31, 2022[52]. Research and Development - The company plans to enhance its R&D efforts and accelerate the development of new products and EDA tools in 2024[11]. - Research and development expenses increased by 40.4% from RMB 84.9 million for the year ended December 31, 2022, to RMB 119.1 million for the year ended December 31, 2023[43]. - The company continues to enhance its all-in-one simulation IC design platform, which is expected to significantly promote future business development[30]. - The company aims to leverage its proprietary EDA tools to promote the transformation of core technologies and increase market share[11]. Market and Industry Trends - The global analog chip market experienced a year-on-year decline of 8.9% in 2023, marking the lowest growth rate since 2011, with increased competition leading to price wars among domestic manufacturers[19]. - The integrated circuit industry in China saw a production increase of 6.9% in 2023, with a total output of 351.4 billion units[18]. - The company focuses on high-end industrial-grade analog IC pattern wafer business, continuously expanding its customer base in the new energy vehicle sector, which contributed to its rapid growth in performance during the reporting period[19]. Corporate Governance - The company has adopted the corporate governance code as per the listing rules and has complied with all applicable code provisions from the listing date to December 31, 2023[102]. - The board consists of nine members, including three executive directors, two non-executive directors, and four independent non-executive directors as of December 31, 2023[106]. - The company emphasizes transparency, integrity, and accountability in its corporate governance practices to ensure sustainable development and robust performance growth[100]. - The board has established four specialized committees, including the Audit Committee, Remuneration and Assessment Committee, Nomination Committee, and Strategic Committee to oversee specific aspects of the company's affairs[104]. - The company has mechanisms in place to ensure the independence of board members, including the ability to hire independent professional advisors[120]. - The board is responsible for ensuring that the financial statements fairly reflect the company's performance and cash flows for the year ending December 31, 2023[153]. Shareholder Relations - The company emphasizes effective communication with shareholders to strengthen investor relations and ensure timely disclosure of information[167]. - The company encourages shareholders to attend the annual general meeting and allows for proxy voting if they cannot attend[171]. - The company has no formal dividend policy or fixed dividend payout ratio, and no dividends were declared for the year ending December 31, 2023[166]. - The company will only distribute dividends from distributable profits after covering cumulative losses and legal reserves[168]. Risk Management - The company has established risk management procedures to minimize financial risks, including interest rate, credit, and liquidity risks[191]. - The internal audit department has been established to review the company's financial status, operational conditions, risk management, compliance monitoring, and internal controls[156]. - The company has implemented a whistleblowing policy for employees and other stakeholders to report concerns anonymously[160]. - The company has established anti-fraud and anti-bribery policies to prevent internal fraud and bribery[161]. Workforce and Diversity - As of December 31, 2023, the company's workforce comprises approximately 55.75% male employees and 44.25% female employees, focusing on candidates' abilities and experience rather than gender during recruitment[149]. - The company aims to increase the representation of female members on the board to at least 15% within three years post-listing, prioritizing female candidates in the selection process[148]. - The company has committed to enhancing gender diversity at all levels, including the board and senior management, by investing in training and development for female employees[147].
贝克微(02149) - 2023 - 年度财报