SJA(SH:600609)2024-04-29 12:04Financial Performance - The company's operating revenue for 2023 was CNY 5,139,573,631.82, a decrease of 8.73% compared to CNY 5,631,242,048.68 in 2022[20]. - The net profit attributable to shareholders for 2023 was CNY 121,593,873.36, down 18.89% from CNY 149,917,576.82 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 82,964,540.96, a significant decline of 39.91% compared to CNY 138,060,164.22 in 2022[20]. - The basic earnings per share for 2023 were CNY 0.090, down 18.18% from CNY 0.110 in 2022[21]. - The diluted earnings per share also decreased by 18.18% to CNY 0.090 from CNY 0.110 in the previous year[21]. - The weighted average return on equity for 2023 was 12.24%, a decrease of 5.28 percentage points from 17.52% in 2022[21]. - The company achieved operating revenue of 5.14 billion RMB, a year-on-year decrease of 8.73%[29]. - The net profit attributable to shareholders was 122 million RMB, down 18.89% year-on-year[29]. - The company reported a net loss of ¥2,279,648,432.11 in 2023, an improvement from a net loss of ¥2,401,242,305.47 in 2022[170]. - The total operating revenue for 2023 was CNY 5,139,573,631.82, a decrease of 8.74% from CNY 5,631,242,048.68 in 2022[175]. - Net profit for 2023 was CNY 293,796,378.24, a decline of 16.67% compared to CNY 352,540,552.22 in 2022[175]. Assets and Liabilities - The total assets at the end of 2023 were CNY 4,022,981,036.53, a decrease of 8.83% from CNY 4,412,748,994.83 in 2022[20]. - The net assets attributable to shareholders increased by 13.46% to CNY 1,058,163,759.09 from CNY 932,635,311.09 in 2022[20]. - The asset-liability ratio was 66.35%, a decrease of 4.88 percentage points from the beginning of the year[29]. - Total liabilities decreased to ¥2,669,331,114.86 in 2023 from ¥3,143,192,210.18 in 2022, a decrease of about 15.1%[170]. - The total equity increased to ¥1,353,649,921.67 in 2023 from ¥1,269,556,784.65 in 2022, an increase of approximately 6.6%[170]. - The total equity attributable to the parent company at the end of 2023 is CNY 1,311,200,558.00, with total equity including minority interests amounting to CNY 1,353,649,921.67[182]. - The total owner's equity at the end of the current period is 1,399,226,525.77 CNY, an increase from 1,318,110,006.53 CNY at the end of the previous year, reflecting a growth of approximately 6.1%[185]. Cash Flow - The net cash flow from operating activities increased by 142.83% to CNY 850,791,471.93 from CNY 350,368,302.78 in 2022[20]. - The company’s cash flow from operating activities showed improvement, indicating potential for future growth and stability[170]. - The net cash flow from operating activities for 2023 was RMB 850,791,471.93, a significant increase of 142.6% compared to RMB 350,368,302.78 in 2022[179]. - Cash outflow from operating activities decreased to RMB 5,683,605,928.52 from RMB 6,157,215,257.25, reflecting improved operational efficiency[179]. Research and Development - R&D expenses increased by 29.23% to CNY 315 million, reflecting the company's commitment to new product design and development[35]. - A total of 33 new patents were added during the reporting period, including 2 invention patents and 31 utility model patents[30]. - The total R&D expenditure for the period was CNY 315.04 million, accounting for 6.13% of total revenue[49]. - The company has established a unified R&D data management platform, enhancing product design management and quality monitoring[34]. Market and Strategic Focus - The company secured stable orders from BMW, which is crucial for its development[29]. - The company plans to continue focusing on market expansion and new product development to drive future growth[175]. - The automotive market in China is expected to grow by over 3% in 2024, supported by government policies promoting consumption and the development of the new energy vehicle industry[63]. - The company's strategic focus for 2024 includes a "1+4" investment strategy aimed at expanding scale and enhancing quality, with a commitment to high-quality development[64]. Governance and Management - The governance structure of the company has been strengthened to ensure compliance with legal regulations and effective decision-making processes[71]. - The total pre-tax remuneration for senior management amounted to 487.17 million yuan[74]. - The current board of directors includes 5 members, with an average age of 54 years[74]. - The company has maintained a stable management structure with no significant changes in personnel[74]. Environmental Compliance - The company invested 655,000 RMB in environmental protection during the reporting period[106]. - The company achieved compliance in wastewater discharge with chemical oxygen demand at 13 mg/L and suspended solids at 12 mg/L, both below the standard of 300 mg/L[109]. - The company reported VOCs emissions with a minimum value of 0.525 mg/m³ and a maximum of 1.42 mg/m³, exceeding the standard[109]. - The company has established pollution prevention facilities, including regular maintenance of wastewater treatment and VOCs purification systems[113]. Related Party Transactions - The company has committed to avoiding and minimizing potential related transactions with its controlling shareholders[124]. - The company ensures that all related transactions are conducted transparently and fairly, adhering to legal and regulatory requirements[124]. - The total expected related party transactions for 2023 are projected to be CNY 1.665 billion for purchases and CNY 4.954 billion for sales, with actual transactions of CNY 1.35 billion and CNY 4.624 billion respectively[136].