Prolto(SZ:002769)2024-04-29 14:06Financial Performance - The company's operating revenue for 2023 was ¥616,437,876, a decrease of 58.91% compared to ¥1,500,324,137 in 2022[25]. - The net profit attributable to shareholders for 2023 was ¥100,317,576, down 21.06% from ¥82,830,808 in 2022[26]. - The net cash flow from operating activities decreased by 50.95% to ¥241,950,580 in 2023 from ¥493,285,782 in 2022[26]. - The total assets at the end of 2023 were ¥6,130,146,740, reflecting a decrease of 13.13% from ¥7,052,747,300 at the end of 2022[26]. - The basic earnings per share for 2023 was -¥0.27, a decline of 22.73% compared to -¥0.22 in 2022[26]. - The company reported a significant drop in quarterly revenues, with the fourth quarter revenue at ¥128,148,117.34, down from previous quarters[31]. - The company experienced a net loss attributable to shareholders in all four quarters of 2023, with the largest loss in the fourth quarter at -¥37,299,600.80[31]. - The company reported a total non-operating income of CNY 3,035,331.18, with a significant increase from the previous year[34]. - The company reported a net loss attributable to shareholders of CNY 10.03 million, a decline of 21.06% year-on-year[58]. - The company’s supply chain revenue for 2023 was ¥598,526,339, a decrease of 60.08% compared to the previous year, with a gross margin of 20.72%[60]. Business Strategy and Development - The company has been focusing on integrating into the new energy ecosystem since 2021, expanding from supply chain management to include new energy solutions[23]. - The company has initiated new product and technology development in areas such as photovoltaic energy services and new energy storage battery applications[24]. - The company is focused on developing a smart integrated energy system centered on renewable energy, providing comprehensive services for distributed photovoltaic projects[45]. - The company aims to accelerate the industrialization of sodium-ion batteries as part of its new energy storage strategy, receiving strong support from national policies[43]. - The company is committed to reducing customer electricity operating costs through a comprehensive "source-grid-load-storage" integrated development model[47]. - The company is leveraging its core advantages in low-cost financing and supply chain operations to enhance project development and construction efficiency[46]. - The company is focusing on the development of distributed photovoltaic projects, particularly in industrial parks and public buildings[85]. - The company plans to expand its distributed photovoltaic power station business in southern provinces, enhancing revenue and sustainability[91]. - The company aims to invest in commercial energy storage markets and independent energy storage stations, leveraging domestic and international markets[93]. - The company is focusing on the research and development of sodium-ion batteries, addressing cost and energy density challenges to enhance competitiveness[94]. Market Trends and Projections - The distributed photovoltaic market in China saw a new installed capacity of 51.11 GW in 2022, representing a year-on-year growth of 28.5%, and is projected to reach 96.29 GW in 2023, a growth of 88%[39]. - The cumulative installed capacity of new energy storage projects in China reached 31.39 million kW by the end of 2023, with an increase of approximately 2.26 million kW, representing a growth of over 260% compared to the end of 2022[41]. - The solar power generation installed capacity in China reached approximately 610 million kilowatts by the end of 2023, a year-on-year increase of 55.2%[85]. - The new energy storage market is projected to reach a cumulative scale of 97.0 GW by 2027, with a compound annual growth rate (CAGR) of 49.3% from 2023 to 2027 under conservative scenarios[87]. Governance and Compliance - The company has held four shareholder meetings during the reporting period, ensuring compliance with legal requirements and protecting shareholder rights[105]. - The board of directors consists of nine members, including three independent directors, and has held eight meetings to make informed decisions on significant matters[105]. - The company has a three-member supervisory board that operates independently and ensures compliance with financial oversight and reporting[106]. - The company emphasizes investor relations management through various channels, including hotlines and online platforms, to maintain communication with investors[108]. - The company is committed to accurate and complete information disclosure, adhering to relevant regulations and utilizing multiple platforms for announcements[108]. - The company complies with relevant laws and regulations, ensuring its governance structure aligns with regulatory requirements[111]. Employee and Management Structure - The total number of employees at the end of the reporting period was 346, with 109 in the parent company and 237 in major subsidiaries[146]. - The professional composition includes 30 production personnel, 37 sales personnel, and 44 technical personnel[146]. - The company has 24 employees with a master's degree or above, and 155 with a bachelor's degree[147]. - The company has implemented a salary management model that includes fixed wages, floating wages, and year-end bonuses[148]. - Employee training is emphasized as a key part of the company's long-term strategy, with various training programs regularly organized[149]. Financial Management and Internal Controls - The internal control system has been continuously improved to adapt to changing external environments and internal management requirements[153]. - The company maintained effective internal control over financial reporting as of December 31, 2023, according to the internal control audit report[158]. - There were no significant defects identified in both financial and non-financial reporting controls[157]. - The company reported that all units included in the internal control evaluation accounted for 100% of total assets and total revenue[156]. - The company has established an independent financial accounting system and does not share bank accounts with the controlling shareholder[115]. Environmental and Social Responsibility - The company has implemented measures to reduce carbon emissions as part of its commitment to environmental protection[160]. - The company actively protects employee rights by providing a safe working environment and a fair compensation system[162]. - The company emphasizes strategic partnerships with suppliers and customers to enhance cooperation and mutual development[162]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[160]. - The company established the Pulu Tong Ecological Industry Company to provide comprehensive land remediation and ecological restoration services, effectively combining ecological construction with poverty alleviation efforts[165].