Ellington(SH:603328)2024-05-22 07:34Financial Performance - In 2023, the company achieved a revenue of 3.177 billion CNY, representing a year-on-year growth of 3.90% [3] - The net profit attributable to shareholders was 355 million CNY, an increase of 32.20% compared to the previous year [3] - In Q1 2024, the company reported a revenue of 819 million CNY, up by 3.65% year-on-year [3] - The net profit attributable to shareholders for Q1 2024 was 105 million CNY, reflecting a growth of 36.75% compared to the same period last year [3] Strategic Focus - The company is focusing on "expanding the market, improving quality, reducing costs, and building culture" as its operational strategy [3] - It is concentrating on two core businesses: automotive electronics and new energy, while actively exploring domestic and international markets [3] Cost Management - The company has implemented comprehensive budget management and strict cost control measures to enhance efficiency [3] - An incentive mechanism for cost reduction and efficiency improvement has been established to encourage all employees to contribute ideas for improvement [3] Shareholder Relations - Since its listing, the company has distributed a total of 4.169 billion CNY in cash dividends, which is 3.03 times the 1.378 billion CNY raised during the IPO [4] - The company emphasizes investor relations management and actively engages with investors through performance briefings and communication activities [4] Digital Transformation - The company is building a digital and intelligent new factory, achieving a high level of automation and information management [5] - Plans include the implementation of a new ERP system and the construction of a Manufacturing Execution System (MES) to enhance production efficiency and quality [5] Future Development - The company aims to deepen its presence in the printed circuit board (PCB) industry, targeting a vision of becoming a top 100 enterprise, reaching a revenue of 10 billion CNY, and establishing a century-old brand [5] - It will continue to enhance its core technology capabilities and improve automation and lean manufacturing levels to meet market demands [5]