Kersen(603626)2024-04-17 09:44Smartphone Market Trends - In 2023, global smartphone shipments reached 1.17 billion units, a year-on-year decline of 3.2%, while Q4 shipments were 326 million units, showing a growth of 8.5%[6] - The compound annual growth rate (CAGR) for foldable smartphone shipments is projected to be 27.6% from 2022 to 2027, indicating increasing market interest[6] Financial Performance - The company reported a net loss of ¥281,413,082.83 for the current period, compared to a net profit of ¥86,778,588.06 in the previous period, indicating a significant decline in profitability[132] - Operating profit for the current period was ¥-278,103,667.19, a decrease from the previous operating profit of ¥107,313,570.54[132] - Total profit for the current period was ¥-284,529,007.25, compared to a total profit of ¥107,484,252.47 in the previous period[132] - The total operating revenue for 2023 was ¥1,773,927,219.21, a decrease of approximately 27.2% compared to ¥2,436,547,397.53 in 2022[136] - The net profit for 2023 was a loss of ¥42,477,049.26, compared to a profit of ¥177,888,005.23 in 2022, indicating a significant decline[136] - Basic and diluted earnings per share for 2023 were both -¥0.51, down from ¥0.16 in 2022[136] - The total comprehensive income for 2023 was -¥42,477,049.26, compared to ¥177,888,005.23 in the previous year[138] Cash Flow and Investments - The company reported a net cash outflow from investment activities of -343,067,289.22, compared to -161,180,169.95 in the previous period[43] - Cash flow from financing activities showed a net outflow of -87,274,395.72, an improvement from -516,780,198.75 in the prior period[43] - The net cash flow from operating activities for 2023 was ¥345,610,074.50, a decrease of 46% compared to ¥640,144,580.43 in 2022[139] - The net cash flow from investment activities was -¥466,421,088.29, compared to -¥442,496,299.91 in 2022, indicating a slight increase in cash outflow[139] Shareholder and Equity Information - The total number of shares increased from 490,885,460 to 557,993,890 after a non-public issuance of 67,108,430 shares[38] - The company reported a profit distribution of 17,788,800.52, indicating a focus on returning value to shareholders[49] - The total number of ordinary shareholders at the end of the reporting period was 36,284, a decrease from 65,961 at the end of the previous month[170] - The total equity attributable to the parent company at the end of the reporting period was CNY 2,993,999,000, with a year-on-year increase of 1.74%[148] Research and Development - The company has developed a strong technical R&D team, which is crucial for maintaining technological advantages and responding quickly to market changes[23] - Research and development expenses increased to ¥99,702,272.48 in 2023 from ¥93,983,681.21 in 2022, reflecting a focus on innovation[136] - The company plans to enhance its manufacturing technology for high-precision metal and plastic components, focusing on mold development and manufacturing capabilities[42] Environmental and Compliance Measures - The company has implemented wastewater and air pollution treatment measures, ensuring compliance with national standards through third-party monitoring[79] - The company has established mechanisms related to environmental protection[101] - The internal control audit report received a standard unqualified opinion[100] Corporate Governance - The company has not identified any significant differences in governance compared to regulatory requirements, indicating compliance with standards[52] - The company completed the election of the fourth board of directors and supervisory board on March 3, 2023, with new appointments including Xu Jingen, TAN CHAI HAU, Luo Hongzhen, and Liu Yuanliang as non-independent directors[58] - The company’s management team includes experienced professionals with extensive backgrounds in various industries, enhancing operational efficiency[58] Market Strategy and Future Plans - The company aims to expand its product offerings and increase market share to improve profitability, aligning with the trend of rising industry concentration[20] - The company plans to actively adapt to economic transformation trends, focusing on providing higher quality products and services[41] - The company plans to expand its market presence and invest in new technologies as part of its future strategy[6] Employee and Compensation Information - The total number of employees is 5,398, comprising 173 sales personnel, 757 technical personnel, 29 financial personnel, 175 administrative personnel, and 390 others[67] - The company has implemented a differentiated compensation system to ensure objectivity, fairness, transparency, and sustainability, supporting long-term and rapid development[67] Financial Health and Reserves - The company is focusing on enhancing its capital reserves and risk provisions as part of its financial strategy[49] - The company reported a capital reserve of approximately 1.75 billion RMB[104] - The company’s retained earnings at the end of the period were approximately 698.75 million RMB[104]