CEI(SH:688128)2024-05-24 07:38Group 1: Financial Performance - In 2023, the company achieved an operating revenue of CNY 4.173 billion, a year-on-year increase of 9.97% [6] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was CNY 372 million, up 19.39% from the previous year [6] - The company's market value increased compared to the end of 2022 [8] Group 2: Cost Management - The sales expense ratio for the past three years was 6.08%, 6.11%, and 6.86%, while the management expense ratio was 5.90%, 6.50%, and 7.06% [1] - The increase in expense ratios is attributed to business expansion and rising personnel costs [2] - Future plans include optimizing personnel structure and enhancing operational efficiency through digitalization [2] Group 3: Value Management - The State-owned Assets Supervision and Administration Commission (SASAC) has incorporated market value management into the performance evaluation of central enterprise leaders [3] - The company emphasizes value creation and realization, focusing on high-quality development and governance [3] - The company aims to enhance information disclosure and strengthen two-way communication with investors [3] Group 4: Innovation and R&D - In 2023, the company invested CNY 323 million in R&D, a 12.35% increase year-on-year [6] - The R&D structure includes national key laboratories and specialized research institutes for various business segments [5] - The company is committed to innovation-driven development, particularly in smart home and new energy vehicle sectors [5] Group 5: New Quality Productivity - The company is transitioning from traditional electrical industries to smart home and new energy sectors, aligning with national strategies [4] - It has initiated research in low-altitude economy and possesses testing capabilities for related technologies [5] - The focus on strategic emerging industries and innovation is expected to yield significant results in developing new quality productivity [5]