DPC(SH:600405)2024-04-29 11:25Financial Performance - In 2023, the company reported a consolidated net loss of ¥281,493,856.79, with a net loss attributable to the parent company of ¥275,802,867.04[4]. - The parent company achieved a net loss of ¥251,067,039.06, resulting in an accumulated undistributed profit of -¥487,777,427.29 at year-end[4]. - Due to negative undistributed profits, the company will not distribute cash dividends or issue bonus shares for the 2023 fiscal year[4]. - The company's operating revenue for 2023 was CNY 850.27 million, a decrease of 37.30% compared to CNY 1,356.17 million in 2022[24]. - The net profit attributable to shareholders for 2023 was a loss of CNY 275.80 million, worsening from a loss of CNY 16.61 million in 2022[24]. - The net cash flow from operating activities was CNY 67.15 million, down 44.92% from CNY 121.91 million in 2022[24]. - The total assets at the end of 2023 were CNY 2,121.35 million, a decrease of 18.32% from CNY 2,597.00 million in 2022[24]. - The basic earnings per share for 2023 was -CNY 0.50, compared to -CNY 0.03 in 2022[25]. - The company's net assets attributable to shareholders decreased by 31.38% to CNY 603.31 million at the end of 2023[24]. - The weighted average return on equity was -36.50% for 2023, compared to -1.82% in 2022[25]. Strategic Focus and Market Position - The company plans to focus on data communication, green travel, and new energy sectors as part of its strategic layout[33]. - The company has diversified its core business into three main areas: data communication, green travel, and new energy, adapting to industry trends and customer needs[57]. - The company aims to enhance product competitiveness and customer satisfaction through continuous innovation and technology iteration[106]. - The company is strategically entering the hydrogen energy sector, with plans to launch various specifications of one-stop system solutions for hydrogen production and power generation in 2024[140]. - The company will focus on expanding its market presence in Europe and Africa, targeting key customers to achieve significant progress in regional large customer acquisition[143]. Research and Development - In 2023, the company increased R&D expenses to enhance product iteration and new application solutions, reflecting a commitment to innovation amid rising competition[34]. - Research and development expenses increased by 28.04% to ¥119,032,902.97, indicating a focus on innovation despite revenue declines[73]. - The number of R&D personnel is 479, representing 23.3% of the total workforce, with a majority holding bachelor's degrees[85]. - The company aims to enhance its R&D investment to develop a new generation of safer and more efficient electric bicycle intelligent detection charging and swapping systems[121]. - The power research institute will enhance product competitiveness through continuous R&D and technology iteration, including the introduction of CE-certified battery systems[146]. Operational Challenges - The company reported a significant decline in communication power revenue due to delays in 5G base station construction and tendering processes[33]. - The company experienced a substantial decline in revenue from green travel and other business segments due to postponed tendering schedules[33]. - Domestic revenue fell by 47.12%, while overseas revenue decreased by 45.86%, highlighting challenges in both markets[78]. - The company is closely monitoring macroeconomic fluctuations and policy changes that could impact business growth and market demand[156]. - The company is addressing global trade uncertainties and supply chain risks by deepening supplier relationships and seeking domestic alternatives[162]. Corporate Governance - The company maintains a robust internal control system, enhancing governance and decision-making processes[166]. - There are no significant differences in corporate governance compared to regulatory requirements[166]. - The company has a total of 9 directors and 3 supervisors, all of whom attended the meetings[170]. - The company has established specialized committees, including an audit committee, nomination committee, remuneration and assessment committee, and strategic committee[188]. - The company has a cash dividend policy clearly defined in its articles of association[198]. Future Outlook - The company plans to complete the issuance process by February 29, 2024, to implement fundraising projects that will enhance overall strength and brand image[56]. - The company aims to reduce operational costs by 5% through efficiency improvements in the supply chain[176]. - Future outlook remains positive, with anticipated growth driven by new market strategies and product launches[176]. - The company plans to enhance its overseas team structure and optimize internal capabilities to support steady growth in overseas business[144]. - The company is exploring a financing lease credit application for its subsidiary, Jilin Heda New Energy Development Co., Ltd.[185].