BGRIMMTEC(600980)2024-04-08 16:00Financial Performance - In 2023, the company's total revenue reached RMB 929,271,008, representing a 6.79% increase compared to RMB 870,212,047 in 2022[24]. - The net profit attributable to shareholders of the listed company was RMB 91,749,862.96, an increase of 9.87% from RMB 83,505,692 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was RMB 81,894,074.73, showing a significant increase of 44.87% compared to RMB 56,531,171 in 2022[24]. - The net cash flow from operating activities was RMB 162,567,085, which is a 73.75% increase from RMB 93,566,236 in the previous year[24]. - Basic earnings per share for 2023 was 0.4848 yuan, representing an 8.19% increase from 0.4481 yuan in 2022[27]. - The weighted average return on equity for 2023 was 7.30%, a slight decrease of 0.09 percentage points from 7.39% in 2022[27]. - The total profit reached 104.21 million yuan, reflecting a year-on-year growth of 9.95%[37]. - The company reported a diluted earnings per share of 0.4848 yuan for 2023, consistent with the basic earnings per share[27]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 0.52 per share, totaling RMB 9,841,703.35, which represents a cash dividend payout ratio of 10.73%[6]. - As of December 31, 2023, the company's undistributed profits amounted to RMB 15,039,984.14[6]. - The net profit attributable to the parent company for 2023 is RMB 91,749,862.96, with the actual distributable profit for shareholders being RMB 6,516,773.75 after statutory surplus reserve allocation[158]. - The proposed cash dividend is RMB 0.52 per 10 shares (including tax), totaling RMB 9,841,703.35, which represents a cash dividend ratio of 10.73% of the net profit attributable to shareholders[162]. Assets and Liabilities - Total assets at the end of 2023 reached 2,265.53 million yuan, a 23.97% increase from 1,827.49 million yuan at the end of 2022[26]. - The overall asset structure shows a significant increase in non-current assets, with other non-current assets rising by 224.50% to CNY 53,275,529.46[95]. - Contract liabilities increased by 73.47% to CNY 539,015,706.87, indicating a rise in advance payments from contracts[95]. Research and Development - Research and development expenses increased by 19.92% to CNY 56.78 million, indicating a commitment to innovation[71]. - The company launched several new mining and metallurgy equipment technologies, achieving successful applications in various fields, enhancing its industry position[89]. - The company established a research fund to support the development of high-performance magnetic materials and energy-saving technologies, aiming to foster new growth momentum[38]. Market Expansion and Product Development - The company actively expanded its market presence, particularly in emerging industries and along the Belt and Road Initiative, enhancing its international market development[43]. - The company is focusing on the development of intelligent, green, and efficient mining equipment as a key direction for future growth[54]. - The company aims to become a world-class provider of magnetic materials and technology, focusing on maintaining and developing high-quality customer resources[66]. - The company is committed to building a green, efficient, and intelligent mining equipment innovation hub to support the development of ecological and intelligent mining[64]. Governance and Compliance - The audit report issued by Da Hua Certified Public Accountants confirmed the accuracy and completeness of the financial statements[5]. - The company has established an investor relations management system to ensure equal access to information for all shareholders and actively engages with investors[125]. - The board of directors consists of 9 members, including 3 independent directors, and has held 6 meetings during the reporting period to ensure compliance with governance standards[123]. - The company has implemented effective credit control measures to manage accounts receivable risks, including establishing repayment agreements with long-term debtors[118]. Environmental and Social Responsibility - The company invested 4.2875 million yuan in environmental protection during the reporting period[172]. - The company has developed new technologies that significantly reduce energy consumption and improve production efficiency, such as large efficient vertical mills[182]. - The company has been recognized as a national-level industrial product green design demonstration enterprise, reflecting its commitment to sustainable practices[186]. - The company has strengthened its environmental management practices, including the installation of dust collection facilities to improve air quality during production processes[186]. Future Outlook - The company plans to enhance its product structure and accelerate technological innovation to meet new market demands[107]. - The company will focus on technology innovation and high-quality development in 2024, aiming to enhance core competitiveness and optimize product structure[110]. - The company anticipates a steady increase in demand for new technologies and intelligent equipment in the mineral resource sector over the next decade[103].