BOSUN(SZ:002282)2024-03-20 08:18Financial Performance - In 2023, the company achieved a consolidated operating revenue of 1,606.68 million CNY and a total profit of 134.76 million CNY [1] - The net profit attributable to shareholders was 128.77 million CNY, with a non-recurring loss of 53.96 million CNY due to prior year performance compensation, resulting in a net profit of 182.74 million CNY after adjustments [1] - The diamond tool segment generated an operating revenue of 415.60 million CNY with a net profit of 52.72 million CNY [1] - The coated abrasives segment achieved an operating revenue of 882.19 million CNY and a net profit of 57.99 million CNY [1] - The rail transit equipment segment reported an operating revenue of 270.31 million CNY with a net profit of 59.41 million CNY [2] - The company also reported revenue from leasing and other businesses of 38.57 million CNY, with a net profit of 12.62 million CNY [2] Strategic Decisions - The company sold its 51% stake in Qihang Grinding to optimize resource allocation and improve asset quality, which is expected to enhance operational efficiency without significantly impacting financial status [2] - The diamond tool business primarily serves the construction materials processing sector, with over 66% of revenue coming from overseas markets, particularly North America, Europe, and Southeast Asia [2] Profitability Insights - The increase in gross margin for the diamond tool business in 2023 was attributed to lower raw material prices and improved management efficiency [2] - The company is cautious about entering the photovoltaic cutting sector due to high competition and the need for changes in operational models and service methods [2] Future Outlook - The company has set a budget for 2024 with a consolidated operating revenue target of 1,666 million CNY and a net profit target of 217 million CNY, driven by overseas customer procurement intentions and growth in specific product orders [3] - The budget is considered objective based on current internal and external conditions [3]