Hexing(603556)2024-04-15 10:44Financial Performance - The company achieved total revenue of 4.20 billion yuan, a year-on-year increase of 26.91%[15]. - Net profit attributable to shareholders reached 982 million yuan, up 47.90% year-on-year, marking a new high since the company went public[3]. - Operating cash flow net amount was 1.10 billion yuan, reflecting a growth of 63.03% compared to the previous year[15]. - The company's operating revenue for 2023 reached ¥4,200,350,318.37, representing a 26.91% increase compared to ¥3,309,723,562.79 in 2022[156]. - Net profit attributable to shareholders for 2023 was ¥982,468,040.05, a 47.90% increase from ¥664,276,290.83 in the previous year[156]. - The net profit after deducting non-recurring gains and losses was ¥941,420,244.61, up 60.08% from ¥588,096,877.71 in 2022[156]. - The company's total assets increased by 12.80% to ¥9,075,523,750.05 at the end of 2023, compared to ¥8,045,699,626.82 at the end of 2022[156]. - The basic earnings per share for 2023 was ¥2.02, reflecting a 48.53% increase from ¥1.36 in 2022[157]. - The weighted average return on equity for 2023 was 15.69%, an increase of 3.97 percentage points from 11.72% in 2022[160]. - The company reported a net cash flow from operating activities of ¥1,100,961,039.04, a significant increase of 63.03% compared to the previous year[156]. - The net assets attributable to shareholders at the end of 2023 were ¥6,632,016,366.23, an 11.06% increase from ¥5,971,460,129.03 at the end of 2022[156]. Business Operations - The renewable energy business generated main operating income of 163 million yuan, a significant increase of 283.50% year-on-year[5]. - The company accelerated overseas renewable energy channel business, achieving revenue in Africa, Europe, and Latin America markets[5]. - The company is transitioning to a "source-network-load-storage" integrated power network, enhancing the functionality of distributed energy sources and new load absorption[59]. - The global renewable energy business is evolving towards smarter and more integrated solutions, utilizing modern AI algorithms and intelligent control technologies[60]. - The company is focused on enhancing its product and service capabilities in loss management solutions for developing countries[86]. - The company is advancing new business models in overseas non-network operations and renewable energy, although it faces risks related to customer credit management[90]. Research and Development - Research and development expenses amounted to 274 million yuan, an increase of 14.87% year-on-year[15]. - The company aims to develop a research team for SMART GRID 2.0 to ensure a continuous increase in revenue from external business[39]. - The company is focusing on technological innovation to strengthen its core competitive advantages in solutions[12]. Corporate Governance - The total pre-tax remuneration for the board members during the reporting period amounted to 849.44 million yuan[73]. - The company held five board meetings during the year, all conducted through a combination of on-site and communication methods[83]. - The audit committee consists of independent directors, ensuring compliance and oversight of financial practices[83]. - The company emphasizes the importance of corporate governance and compliance with relevant laws and regulations[66]. - There were no changes in shareholding for the board members during the reporting period, maintaining stability in leadership[73]. - The company has not faced any penalties from securities regulatory authorities in the past three years[126]. - The company has not identified any significant internal control deficiencies during the reporting period[122]. Risk Management - The company has established a comprehensive risk management strategy in place to address potential operational risks in overseas markets[87]. - The company has a cash advantage that will support the development of new businesses[43]. - The company is facing intensified competition in overseas markets due to the influx of domestic peers[40]. Digital Transformation - The company plans to enhance digital marketing and operations, focusing on AI technology to drive digital transformation[37]. - The company has established a digital intelligent manufacturing operation management system to enhance production efficiency and quality control[14]. - The company has implemented a digital management system in the cloud to ensure real-time data communication and control for overseas subsidiaries[64]. - The company is focused on enhancing its digital transformation and the application of AI across various business areas[63]. Employee Management - The total number of employees in the parent company and major subsidiaries is 2,641, with 1,303 in production, 323 in sales, and 777 in technical roles[132]. - The company has established a compensation policy based on fairness, competitiveness, performance orientation, and effective incentives, ensuring that average annual income exceeds regional and industry averages during prosperous economic periods[132]. - The company has conducted two meetings of the Compensation and Assessment Committee during the reporting period[130]. - The compensation for directors, supervisors, and senior management is determined based on industry and regional salary levels, company performance, and individual performance assessments[200]. Shareholder Information - The proposed cash dividend is RMB 7.00 per 10 shares (including tax), totaling RMB 340,384,919.00, which accounts for 51.24% of the net profit attributable to ordinary shareholders[119]. - The company plans to distribute a cash dividend of RMB 11.00 per 10 shares (including tax) for the 2023 fiscal year, pending approval at the annual shareholders' meeting[137]. - The company has not proposed a cash profit distribution plan despite having positive distributable profits for shareholders[139]. - The annual report confirms that all resolutions presented at the shareholders' meeting were approved[198]. Environmental Responsibility - The company invested ¥450,000 in environmental protection measures during the reporting period[166]. - The company has implemented low-carbon clean energy measures, including the use of photovoltaic energy[167].