TIANYOUDE(SZ:002646)2024-06-19 11:24Financial Performance - The company's net profit reached 89.58 million RMB, representing a year-on-year growth of 18.36% [3] - Total revenue for 2023 was 1.21 billion RMB, an increase of 23.50% compared to the previous year [5] - The net profit margin was reported at 7.67% [3] Market Position and Strategy - The company achieved 807 million RMB in revenue from Qinghai Province, accounting for 66.65% of total revenue [3] - The company plans to expand its market presence in Gansu and other key regions while strengthening its core market in Qinghai [3] - The company has over 599 distributors, focusing on enhancing its network outside its main market [9] Product and Cost Management - The gross profit margin improved from 62.02% to 63.01%, attributed to increased sales of mid-to-high-end products [4] - The company emphasizes cost control and efficiency improvements, particularly in marketing and operational management [3] - The company plans to increase investment in mid-to-high-end products to enhance gross margins and revenue [3] Environmental and Safety Measures - The company has implemented new environmental and safety measures, including upgrading to energy-efficient motors and enhancing pollution detection systems [3] Research and Development - R&D expenses increased by 31.85%, with a focus on innovative processes and product development [6] - The company has received multiple awards for its technological advancements and has a strong team of qualified professionals [6] Investor Relations - The company has increased its cash dividend ratio and plans for mid-term dividends in 2024 to reward investors [9] - The company is committed to transparent communication with investors regarding its current status and future strategies [9]