SIEYUAN(SZ:002028)2024-04-30 12:24Financial Performance - The company achieved new contract orders of 15.8 billion yuan in 2023, a year-on-year increase of 30% [1] - Total operating revenue reached 12.66 billion yuan, compared to 16.51 billion yuan (excluding tax), marking a 20% increase from the previous year [1] - The total operating income was 12.46 billion yuan, reflecting an 18.25% increase compared to the same period last year [1] Research and Development - R&D expenses increased to 917 million yuan in 2023, a 36.20% rise year-on-year, accounting for 7.36% of operating revenue, up by 0.97 percentage points [3] - The company focused on new product development, technical development, and foundational research, particularly in flexible direct current transmission, energy storage, and automotive electronics [3] Profitability - The overall gross profit margin for 2023 was 29.50%, an increase of 3.17 percentage points from the previous year [3] - Measures to enhance profitability included improving operational efficiency, establishing long-term supplier relationships, and increasing automation in production [3] Market Expansion - New orders in the overseas market amounted to 4.01 billion yuan, representing a 34% year-on-year growth [3] - The growth was attributed to rising global demand for new energy construction and the company's relatively low market share in overseas markets [3] Future Outlook - The company plans to continue investing in new product development and product improvement in 2024, focusing on digital grid technology and energy storage systems [4] - The company is also exploring applications in mixed AC/DC power supply fields and developing integrated solutions for distributed new energy [4] Risk Management - To mitigate foreign exchange risks, the company has engaged in foreign exchange hedging transactions, aimed at stabilizing project costs and reducing currency fluctuation impacts [5]