Ellington(SH:603328)2024-02-23 09:35Group 1: Financial Performance - In 2023, the company achieved operating revenue of 318,826.28 million yuan, representing a year-on-year growth of 4.25% [1] - The net profit attributable to shareholders of the listed company was 35,724.34 million yuan, with a year-on-year increase of 33.03% [1] Group 2: Strategic Focus - The company continues to focus on its core businesses in automotive electronics and new energy, actively expanding both domestic and international markets [1] - The growth in revenue is attributed to the execution of the annual business strategy of "expanding the market, improving quality, reducing costs, and cultivating culture" [1] Group 3: Shareholder Relations - Since its listing, the company has maintained a policy of cash dividends, with cumulative cash dividends exceeding 4 billion yuan, which is three times the amount raised during the IPO [4] - The company aims to create value for shareholders while focusing on core business development [4] Group 4: Product Application and Market Position - The company's products are widely used in five major fields: automotive electronics, new energy, power supply, computing and communications, and industrial control and medical [3] - Automotive electronics products are the leading category among the five major product areas [3] Group 5: Capacity and Future Planning - The new digital intelligent factory's first phase began production in 2022, with a total planned capacity exceeding 2 million square meters per year [3] - Future capacity expansion will focus on high-end automotive PCBs, new energy PCBs, and photovoltaic PCBs [4] - The company plans to enhance production efficiency by upgrading existing facilities and eliminating low-efficiency equipment [4] Group 6: Customer Development - The company has established long-term stable partnerships with leading automotive component manufacturers, including Bosch and Valeo [3] - Future efforts will focus on deepening existing customer relationships and actively seeking new clients to foster growth [3]