Enpack(SZ:002846)2024-04-29 17:44Financial Performance - The company's operating revenue for 2023 was ¥1,747,448,964.66, a decrease of 9.67% compared to ¥1,934,597,337.21 in 2022[22]. - The net profit attributable to shareholders for 2023 was ¥14,211,912.45, representing a significant increase of 132.94% from a loss of ¥43,138,626.88 in 2022[22]. - The net cash flow from operating activities increased by 36.04% to ¥135,986,632.38 in 2023, compared to ¥99,964,289.18 in 2022[22]. - Total assets grew by 12.48% to ¥3,067,200,056.39 at the end of 2023, up from ¥2,726,408,335.91 at the end of 2022[23]. - The net assets attributable to shareholders increased by 82.24% to ¥1,442,226,776.44 in 2023, compared to ¥791,403,153.88 in 2022[23]. - The basic earnings per share for 2023 was ¥0.0403, a turnaround from a loss of ¥0.1355 in 2022, marking an increase of 129.74%[22]. - The company reported a net profit of ¥10,321,027.84 in Q4 2023, following a net loss in Q1 and positive results in Q2 and Q3[29]. - The company received government subsidies amounting to ¥13,033,651.01 in 2023, an increase from ¥10,754,121.39 in 2022[30]. - The company reported a total of ¥10,959,903.41 in non-recurring gains for 2023, down from ¥14,940,040.17 in 2022[30]. Shareholder Information - The company plans to distribute a cash dividend of 0.24 RMB per 10 shares (including tax) based on a total of 418,328,736 shares[5]. - The total share capital of the company is 419,993,636 shares, with 1,664,900 shares held in the repurchase account[6]. - The company has a dedicated investor relations email for inquiries: zhengquan@enpackcorp.com[19]. - The company has not reported any changes in its main business since its listing[21]. - The company has a total of 419,993,636 shares, with no changes in the controlling shareholder since its establishment[21]. Risk Management - The company emphasizes the importance of understanding the risks associated with market conditions and competition in its future outlook[5]. - The company has a comprehensive risk management strategy to address potential market and industry challenges[5]. - The company faces risks from fluctuations in raw material prices, particularly aluminum and tinplate, which significantly impact product costs and gross margins[123]. - The company has a high level of inventory, which may require improved management to avoid liquidity issues and potential impairment risks if market demand changes[129]. - The company’s accounts receivable are primarily within one year, and any adverse changes in major customers' financial conditions could lead to collection issues[130]. - The company’s goodwill, valued at 34.2473 million yuan, may be at risk of impairment if the performance of the acquired Guangdong Mangkuan does not meet expectations[131]. Business Operations - The company operates under the Shenzhen Stock Exchange with the stock code 002846[18]. - The registered address of the company is located in Shantou City, Guangdong Province[18]. - The company operates in the fast-moving consumer goods (FMCG) metal packaging industry, which has seen stable growth, with China being the second-largest packaging producer globally, following the United States[36]. - The company has established a dual business model focusing on FMCG metal packaging and new energy materials, specifically composite current collectors[43]. - The company has invested approximately 420 million yuan in the construction of production lines for composite copper and aluminum foils, with five production lines for composite copper foil and one for composite aluminum foil already established[45]. - The company has established a strong customer base with low sales concentration on single clients, exporting products to nearly 30 countries and regions globally[53]. - The company leads the domestic market in dry powder easy-open lids, with significant advantages in production capacity and product quality[54]. - The company has received recognition from well-known brand clients such as Nestlé and Unilever, which supports its stable development and enhances its market position[56][57]. Research and Development - The company has applied for 49 patents, including 8 invention patents and 41 utility model patents, with 16 utility model patents granted[45]. - The company has a strong focus on technology innovation, with a total of 227 authorized patents, including 17 invention patents[58]. - The company completed several R&D projects aimed at improving product usability and market competitiveness, including new easy-open lid designs[80]. - The company is currently in the R&D and sample feedback stage for new lithium battery materials, with uncertain progress and results impacting future market expansion[140]. - The company has established a professional R&D team and implemented a reasonable compensation scheme to retain core technical personnel, mitigating the risk of talent loss[141]. - The company has applied for multiple technology patents, emphasizing the importance of continuous R&D investment to maintain core competitiveness in the fast-moving consumer goods sector[143]. Corporate Governance - The company has implemented a cumulative voting system for board elections to ensure equal rights for all shareholders, particularly minority investors[150]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal requirements[152]. - The supervisory board consists of 3 members, including 1 employee representative, ensuring strict supervision of the company's operations and financial status[154]. - The company has maintained transparency in information disclosure, utilizing multiple media outlets for timely and accurate reporting[155]. - The company has established a clear governance structure with independent operational capabilities, ensuring no interference from the controlling shareholder[161]. - The company is committed to improving its governance structure and protecting investor interests in accordance with relevant laws and regulations[149]. Future Outlook - The company aims to enhance customer satisfaction and market share through innovative packaging solutions[81]. - The company plans to expand its customer base and deepen cooperation with well-known brands to enhance profitability[118]. - The company is focusing on the dual-driven development strategy of "fast-moving consumer goods metal packaging + new energy materials composite flow" to enhance market competitiveness[118]. - The company plans to enhance asset utilization efficiency by increasing equipment utilization, reducing manufacturing losses, and improving inventory and accounts receivable turnover rates[119]. - Future guidance indicates a revenue target of RMB 1.5 billion for 2024, with a projected net profit margin of 12%[180].