NBYS(SH:600366)2024-04-29 09:47Financial Performance - The company's operating revenue for 2023 was approximately ¥5.37 billion, a decrease of 16.23% compared to ¥6.41 billion in 2022[22]. - The net profit attributable to shareholders of the listed company was approximately -¥227.43 million, compared to a profit of ¥355.69 million in 2022[22]. - The net profit after deducting non-recurring gains and losses was approximately -¥201.42 million, down from ¥381.59 million in 2022[22]. - The cash flow from operating activities was approximately ¥1.09 billion, showing a significant recovery from -¥996.05 million in the previous year[22]. - The total assets at the end of 2023 were approximately ¥8.56 billion, a decrease of 11.68% from ¥9.69 billion at the end of 2022[23]. - The net assets attributable to shareholders of the listed company decreased by 3.53% to approximately ¥5.91 billion from ¥6.12 billion in 2022[22]. - The company reported a basic earnings per share of -0.2085 yuan, a decrease from 0.3600 yuan in 2022[24]. - The company reported a diluted earnings per share of -0.2081 yuan, down from 0.3562 yuan in 2022[24]. - The weighted average return on equity decreased to -3.80% from 6.97% in the previous year, a drop of 10.77 percentage points[24]. Revenue Breakdown - The main business revenue was 4.676 billion yuan, a decrease of 13.81% compared to the previous year due to declining sales prices[31]. - The company achieved a total sales weight of neodymium-iron-boron permanent magnet materials of 10,788 tons, an increase of 12.22% year-on-year[31]. - In the new energy vehicle sector, the company generated approximately 1.832 billion yuan in sales, a year-on-year growth of about 24%, capturing a market share of 23.2% in the domestic new energy passenger vehicle market[39]. - In the consumer electronics sector, the company reported sales of neodymium-iron-boron materials of approximately 1.102 billion yuan, a decrease of about 38% year-on-year[40]. - The company's main business revenue was 4.676 billion yuan, a decrease of 13.81% year-on-year, with sales revenue from magnetic components at 142 million yuan[39]. - The industrial automation market in China saw a year-on-year decline of 1.8% in 2023, with the general servo market size at approximately 21.3 billion yuan, down 4.1% from 2022[36]. Production and Capacity - The company has established a production capacity of 21,000 tons/year for neodymium-iron-boron raw materials and 10,000 tons/year for grain boundary diffusion by the end of 2023[32]. - The production volume of neodymium iron boron magnets was 10,362 tons, while the sales volume reached 10,788 tons, resulting in a year-on-year sales volume increase of 12.21%[55]. - The production capacity for high-performance neodymium iron boron magnets reached 21,000 tons annually by the end of the reporting period[46]. Research and Development - The company authorized 3 invention patents and participated in 12 government projects, including 9 national-level projects[32]. - Research and development expenses decreased by 21.85% to CNY 313,656,497.10 compared to the previous year[50]. - The total R&D investment was CNY 313,656,497.10, representing 5.84% of operating revenue[63]. - The company employed 471 R&D personnel, making up 14.55% of the total workforce[64]. - The company has made significant technological advancements in high-performance neodymium-iron-boron materials, with ongoing proprietary technology breakthroughs and patent applications in various areas[43]. Market Strategy - The company is actively expanding its overseas market for new energy vehicles, transitioning its customer base from tier 1/2 suppliers to end manufacturers[40]. - The company is focusing on technological innovation and product competitiveness to maintain existing key customers and capture more market share in the industrial and other applications sector, where sales revenue was approximately 1.742 billion yuan, a decrease of about 20% year-on-year[40]. - The company is focusing on low-carbon, intelligent, and electrification development trends, aligning with national carbon neutrality goals[31]. - The company is committed to developing new products and technologies, including low rare earth and no rare earth technologies, to meet market needs[86]. Environmental and Social Responsibility - The company invested approximately 12.5 million yuan in environmental protection during the reporting period, focusing on wastewater and solid waste disposal[137][140]. - The company achieved a 100% compliance rate for emissions during the reporting period[140]. - The company has implemented carbon reduction measures, achieving a reduction of 30,608.57 tons of CO2 equivalent emissions through various initiatives, including the use of photovoltaic power and green materials[147]. - The company has committed to donating 500,000 yuan annually to the Ningbo Yinzhou District Charity Association as part of its social responsibility initiatives[150]. - The company has actively participated in poverty alleviation efforts, contributing 50,000 yuan to educational support projects benefiting 100 students in the Liangshan Prefecture[151]. Governance and Management - The company held 1 annual and 1 extraordinary shareholders' meeting during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders[97]. - The board of directors consists of 6 members, including 3 independent directors with backgrounds in materials, law, and finance, complying with legal requirements[97]. - The company conducted 13 board meetings and 8 supervisory meetings during the reporting period, ensuring effective governance and oversight[98]. - The company has established an insider information registration management system to control the scope of insider information and ensure compliance with regulations[99]. - The company maintains independence from its controlling shareholder in terms of personnel, assets, finance, and operations, ensuring no interference in daily operations[100]. Financial Management - The company has engaged Tianheng Accounting Firm for auditing services, with a remuneration of RMB 1,000,000 for the current year[161]. - The company has not faced any delisting risk or related warnings during the reporting period[162]. - The company has not reported any significant matters that would impact investor value judgments or investment decisions[191]. - The company has not disclosed any new product or technology developments in the provided documents[186]. - The company has not indicated any market expansion or acquisition strategies in the provided documents[186].