Clenergy(SH:603628)2024-04-29 12:52Financial Performance - The company plans to distribute profits of RMB 1.24 per 10 shares, totaling RMB 33,951,200 for the year 2023[5]. - The company reported a standard unqualified audit opinion from the accounting firm Rongcheng[4]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[8]. - The report period covers from January 1, 2023, to December 31, 2023[11]. - The company's operating revenue for 2023 reached CNY 1,936,454,309.70, representing a 34.30% increase compared to CNY 1,441,932,152.29 in 2022[20]. - Net profit attributable to shareholders was CNY 169,058,654.60, a 54.56% increase from CNY 109,380,815.33 in the previous year[20]. - The basic earnings per share for 2023 was CNY 0.62, up 55.00% from CNY 0.40 in 2022[21]. - The company achieved a weighted average return on equity of 14.43%, an increase of 3.97 percentage points from 10.46% in 2022[21]. - The total assets of the company at the end of 2023 were CNY 2,486,775,164.49, reflecting a 9.94% increase from CNY 2,261,959,676.48 at the end of 2022[20]. - The company reported a significant decline in cash flow from operating activities, which was CNY 54,050,232.65, down 55.62% from CNY 121,792,718.41 in 2022[20]. - The net profit after deducting non-recurring gains and losses was CNY 164,591,155.16, a 44.46% increase from CNY 113,933,199.12 in 2022[20]. - The company reported a total of CNY 5,409,449.91 in government subsidies related to its normal business operations in 2023[25]. Market Expansion and Product Development - The company has been focusing on expanding its global market presence, leading to a compound annual growth rate of 37.92% in operating revenue over the past three years[21]. - The company plans to continue developing targeted photovoltaic bracket products for various markets to sustain growth[21]. - The company's sales revenue from photovoltaic support products reached 694.82 million RMB, a significant increase of 115.28% year-on-year[32]. - The company's intelligent photovoltaic tracker system generated a revenue of 158.98 million RMB, marking a remarkable growth of 395.49% year-on-year[35]. - The company’s photovoltaic ground fixed support system achieved a revenue of 633.68 million RMB, reflecting a year-on-year increase of 75.56%[36]. - The company’s revenue from its photovoltaic power station investment business was 134.48 million RMB during the reporting period[38]. - The EPC business and operation and maintenance services generated a revenue of 89.10 million RMB, an increase of 65.24% year-on-year[39]. - The company has successfully launched self-developed energy storage products, enhancing its capability to provide reliable energy capture and storage solutions[30]. - The company is focusing on upgrading its existing photovoltaic bracket systems and developing new standardized products for different markets and applications[41]. - The company has developed over 200 types of photovoltaic support products, including distributed photovoltaic supports, ground fixed supports, and intelligent trackers, to meet various technical standards and customer needs globally[73]. Research and Development - In 2023, the company's R&D expenses amounted to 43.21 million yuan, representing a year-on-year increase of 60.79%[41]. - The total R&D investment for the period was ¥43,213,439.25, accounting for 2.23% of the operating revenue[92]. - The company is focusing on integrating artificial intelligence and automation in its production lines to enhance operational efficiency[132]. - The company plans to increase R&D investment in 2024, focusing on developing rooftop products for the European market and upgrading existing technologies[133]. - The company is developing portable energy storage products and related systems as part of its 2024 R&D plan[133]. Environmental and Social Responsibility - The company invested 16.14 million yuan in environmental protection during the reporting period[194]. - The company reduced carbon emissions by 200,839.27 tons through the use of clean energy generation[196]. - The company has developed a comprehensive environmental management system to promote sustainable development and resource conservation[196]. - The company has published its Environmental, Social, and Governance (ESG) report for 2023, detailing its social responsibility efforts[197]. Governance and Compliance - The company has implemented a comprehensive internal control system to enhance governance and ensure the achievement of operational goals[145]. - The company emphasizes timely and accurate information disclosure, maintaining good investor relations through various communication channels[144]. - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management, with a salary system based on basic annual salary and year-end performance assessment[144]. - The company has committed to maintaining operational independence and has outlined specific plans to uphold this independence in the future[146]. - The company emphasizes compliance with local regulations and cultural practices in its international operations to mitigate overseas business risks[140]. Shareholder and Board Activities - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to CNY 1,555.48 million[160]. - The company has conducted multiple shareholder meetings in 2023, with resolutions passed on various proposals, ensuring transparency in governance[148]. - The company’s board of directors has approved various resolutions in meetings held on March 23, April 27, and October 30, 2023[163]. - The company appointed Zhang Xiaoxi as a candidate for the board of directors during the board meeting on March 23, 2023, with the election taking place on April 10, 2023[155]. - The company is actively expanding its board with experienced professionals to strengthen governance and oversight[155].