GOLDWIND(002202)2024-03-28 16:00Financial Performance - The total operating revenue for 2023 was CNY 50,457,189,147.74, representing an increase of 8.66% compared to 2022[12]. - The net profit attributable to shareholders for 2023 was CNY 1,330,997,963.11, a decrease of 44.16% from the previous year[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,285,485,594.34, down 35.32% year-on-year[12]. - The basic earnings per share for 2023 was CNY 0.2879, a decline of 44.67% compared to 2022[12]. - The total operating revenue for the year reached CNY 50,457,169,147.74, with a quarterly breakdown of CNY 5.56 billion, CNY 13.44 billion, CNY 10.32 billion, and CNY 21.14 billion respectively[16]. - The total net profit for the year was impacted by non-recurring losses, with a total of CNY 45,512,368.77 recognized in this category[18]. - The company reported a strong performance in Q3 2023, with revenue reaching RMB 5.2 billion, representing a 15% increase year-over-year[100]. - The company reported a total revenue of 10 billion RMB for the fiscal year 2023, representing a year-over-year increase of 15%[128]. Cash Flow and Assets - The net cash flow from operating activities for 2023 was CNY 1,854,041,184.75, a decrease of 68.48% compared to 2022[12]. - The net cash flow from operating activities for the fourth quarter was CNY 6,576,218,152.88, indicating a recovery in cash generation[16]. - The total assets at the end of 2023 amounted to CNY 143,494,599,670, an increase of 4.88% from the previous year[12]. - The total cash and cash equivalents decreased by RMB 2,208.61 million in 2023, a decline of 132.95% compared to the previous year[73]. - As of December 31, 2023, cash and cash equivalents accounted for 9.93% of total assets, down from 11.42% at the beginning of the year[75]. - Accounts receivable increased to RMB 25,548.00 million, representing 17.80% of total assets, compared to 17.75% in the previous year[75]. - The total investment during the reporting period was RMB 4,100,597,161.23, which is a significant increase of 106.97% compared to RMB 1,981,289,608.70 in the previous year[81]. Market and Product Development - The company is focusing on new product development and market expansion strategies to enhance its competitive position[12]. - The company maintained a domestic market share of 20% with a new installed capacity of 15.67 GW in China, ranking first for 13 consecutive years[41]. - The company is actively exploring new business areas such as mixed towers, energy storage, and carbon neutrality initiatives[38]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[100]. - New product development includes the launch of a next-generation wind turbine, expected to improve efficiency by 15%[100]. - The company is considering strategic acquisitions to enhance its technology portfolio, with a budget of 2 billion RMB allocated for potential mergers and acquisitions[121]. Research and Development - Research and development expenses increased by 19.01% to ¥1,890,625,695.39 in 2023, compared to ¥1,588,653,662.98 in 2022[70]. - R&D investment reached ¥2,264,684,567.32 in 2023, a 1.94% increase from ¥2,221,529,197.73 in 2022[72]. - The company has a total of 5,980 domestic patent applications, with 3,566 being invention patents, accounting for 60% of the total[50]. - The company is committed to research and development, focusing on new technologies and products to enhance market competitiveness[110]. Environmental Compliance and Sustainability - The company achieved carbon neutrality for its operational scope (Scope 1 and Scope 2) in 2023 by purchasing offsetting products[182]. - The company has established a total nitrogen discharge of 218.76 tons from its facilities, reflecting its operational capacity[170]. - The company is focused on continuous improvement in wastewater treatment processes to enhance environmental compliance and sustainability[167]. - The company invested a total of RMB 65.9439 million in environmental governance and protection, focusing on areas such as environmental monitoring, equipment modification, and maintenance[178]. - The company has implemented over 40 energy-saving and carbon reduction measures, achieving an annual electricity saving of approximately 10.31 million kWh and a reduction of carbon emissions by about 7,057 tons[178]. Governance and Management - The governance structure remains compliant with legal requirements, ensuring no significant discrepancies with regulatory standards[103]. - The company has a remuneration decision-making process based on the shareholders' meeting and performance evaluations[132]. - The company has established a governance structure that is clear in responsibilities and mutual checks, ensuring compliance with relevant laws and regulations[156]. - The board of directors includes independent members with expertise in asset evaluation and financial management, ensuring robust governance and oversight[117]. - The company has not faced any objections from its board members regarding company matters during the reporting period, indicating a unified leadership approach[139]. Strategic Partnerships and Collaborations - The company has established a strategic partnership with Tencent to develop an intelligent operation solution for wind farms, enhancing operational efficiency and safety[53]. - The company approved the establishment of a partnership with Ningbo Aosheng Equity Investment Co., Ltd. and Henan State-owned Capital Operation Group Private Fund Management Co., Ltd. to expand its market presence[137]. - The company is actively pursuing market expansion strategies, including potential mergers and acquisitions[110]. Social Responsibility - Jinlong Technology has supported rural revitalization through various initiatives, benefiting over 100,000 rural students from its teacher training program across 27 provinces, with more than 1,200 teachers trained[184]. - The company has engaged in community sports initiatives, such as organizing youth basketball tournaments in Xinjiang to promote sports education[184]. - Jinlong Technology's commitment to social responsibility includes partnerships with local charities to support families affected by drought and improve living conditions in rural areas[185].