SOJO(300444)2024-04-22 12:48Financial Performance - The company achieved operating revenue of 3,139.77 million yuan, a year-on-year increase of 66.82%[4] - The net profit attributable to ordinary shareholders reached 103.34 million yuan, up 159.98% year-on-year[4] - The company's operating revenue for 2023 reached ¥3,139,771,879.80, representing a 66.82% increase compared to ¥1,882,185,673.94 in 2022[32] - The net profit attributable to shareholders was ¥103,339,596.77, a significant turnaround from a loss of ¥172,295,351.52 in the previous year, marking a 159.98% improvement[32] - The net profit after deducting non-recurring gains and losses was ¥114,546,856.84, compared to a loss of ¥147,727,574.55 in 2022, reflecting a 177.54% increase[32] - The total assets of the company at the end of 2023 amounted to ¥5,182,233,299.07, which is a 32.23% increase from ¥3,919,124,778.07 at the end of 2022[32] - The basic earnings per share for 2023 was ¥0.1367, a recovery from a loss of ¥0.2376 per share in 2022, representing a 157.53% increase[32] - The cash flow from operating activities showed a net inflow of ¥205,848,490.54, a significant improvement from a negative cash flow of ¥209,899,349.09 in the previous year, indicating a 198.07% increase[32] - The company's weighted average return on equity improved to 7.77% in 2023, up from -13.68% in 2022, reflecting a 21.45% increase[32] Market Expansion and Strategy - The company has strengthened its market expansion efforts, resulting in significant revenue growth in power distribution equipment and new energy sectors[5] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[32] - The company is actively expanding into the new energy sector while ensuring robust management practices to mitigate operational risks[16] - The company aims to solidify its market position while expanding its business scale and improving development quality in the renewable energy sector[45] - The company is focused on expanding its new energy production capacity, aiming to support national energy upgrades and transformations[66] - The company is expanding its investment in the "wind, solar, storage, charging, and swapping" new energy industry chain to drive growth in its power distribution business[118] Research and Development - The company is focused on maintaining its innovation capabilities in a technology-intensive industry[9] - The company has a strong focus on R&D, with numerous patents in areas such as intelligent sensing technology and edge computing, aligning with industry trends[46] - The company holds a total of 341 valid patent authorizations, including 122 invention patents[62] - The company’s R&D expenses rose by 31.27% to ¥99,254,317, indicating a focus on enhancing research and development efforts[82] - The company has developed several innovative products, including the "solid insulated fully enclosed ring network cabinet" and "insulating boots," which are significant advancements in the field[139] - The company plans to invest 100 million yuan in R&D for new technologies over the next two years[188] New Energy Sector - Revenue from new energy business increased nearly 1.5 times compared to the previous year, accounting for over 40% of total revenue[61] - The renewable energy segment reported revenue of ¥1,272,418,009, with a significant year-on-year growth of 148.00%[73] - The company is actively developing digital energy management systems to align with the national "dual carbon" development goals[44] - The company is advancing into the renewable energy sector, focusing on "wind, solar, storage, charging, and swapping" to enhance its business resilience and align with carbon neutrality goals[45] - The company aims to enhance its market presence in the new energy vehicle market by expanding its investment and management in charging and battery swapping stations[44] Financial Management and Governance - The company has established a comprehensive risk assessment process to evaluate risks and determine response strategies[164] - The company has a robust governance mechanism in place, with independent directors and a supervisory board ensuring effective oversight of management[165] - The company has implemented a stable profit distribution policy and dividend plan to ensure reasonable returns to investors[173] - The company has established a transparent and independent management system for its senior executives, ensuring compliance with regulations[129] - The company has a governance structure that includes independent directors and a supervisory board[135] Cash Flow and Investments - The net cash flow from operating activities turned positive at ¥205.85 million in 2023, a remarkable improvement from a negative cash flow of ¥209.90 million in 2022, reflecting a 198.07% increase[86] - Investment cash outflow surged to ¥457.51 million in 2023, a 209.69% increase from ¥147.73 million in 2022, indicating increased capital expenditures[86] - The company reported a significant increase in cash flow from financing activities, totaling ¥315.21 million in 2023, up by 14.75% from the previous year, primarily due to successful fundraising efforts[87] Environmental and Social Responsibility - The company has established a comprehensive environmental management system across all production stages, including raw materials, processes, packaging, and sales[175] - The company commits to a cash dividend policy where at least 20% of the annual distributable profit will be distributed in cash[181] - The company is committed to sustainability initiatives, aiming to reduce carbon emissions by 30% by 2025[189] Shareholder Relations and Dividends - The company did not declare any cash dividends for 2023, as the undistributed profit is negative, in accordance with the three-year shareholder return plan established in May 2022[161] - The company has implemented an employee stock ownership plan, with 10 employees holding a total of 2,360,102 shares, representing 0.30% of the total share capital[162] - The company plans to distribute cash dividends of no less than 20% of the distributable profits for the year, provided that the net cash flow from operating activities is positive[183]