NARI-TECH(600406)2024-04-25 12:09Financial Performance - In 2023, the company achieved operating revenue of 51.573 billion yuan, a year-on-year increase of 10.13%[9]. - The net profit attributable to shareholders was 7.184 billion yuan, up 11.44% from the previous year, with a basic earnings per share of 0.9 yuan[9]. - The net cash flow from operating activities for 2023 was ¥11.44 billion, showing a significant increase of 30.64% from ¥8.76 billion in 2022[23]. - The total assets at the end of 2023 amounted to ¥86.09 billion, a 12.24% increase from ¥76.70 billion in 2022[23]. - The company's net assets attributable to shareholders increased to ¥47.19 billion, reflecting an 11.13% growth from ¥42.47 billion in 2022[23]. - The company reported a total of ¥23.01 billion in revenue for Q4 2023, with a net profit of ¥3.02 billion for the same period[27]. - The company reported a significant increase in revenue, achieving a total of 10 billion CNY for the fiscal year, representing a growth of 15% year-over-year[18]. - The company reported a net profit margin of 15%, up from 12% in the previous year, indicating improved operational efficiency[120]. Dividend Distribution - The company plans to distribute a cash dividend of 5.4 yuan per 10 shares, totaling approximately 4.328 billion yuan, which accounts for 60.25% of the net profit attributable to shareholders[5]. - The total cash dividend amount for the year 2023 is 4,442,563,072.54 RMB, representing 61.84% of the net profit attributable to shareholders[163]. - The cash dividend policy includes a distribution of 3.9 RMB per 10 shares, with a capital reserve increase of 2 shares per 10 shares[160]. Research and Development - Research and development investment totaled 3.459 billion RMB, accounting for 6.71% of revenue, with 400 patents granted[30]. - The company is investing 200 million CNY in R&D for new technologies aimed at improving grid automation systems[17]. - Research and development expenses rose by 13.92% to ¥2,711,677,588.02, compared to ¥2,380,278,059.25 in the previous year[48]. - The company is investing heavily in R&D, with a budget allocation of 200 million yuan for new technology development[120]. - Research and development investments increased by 30%, focusing on renewable energy solutions and automation technologies[123]. Market Expansion and Strategy - The company plans to focus on new energy infrastructure and digital transformation, aligning with national strategies for high-quality development in the energy sector[11]. - The company is expanding its market presence, targeting a 25% increase in market share within the next two years[17]. - The company is actively pursuing market expansion through strategic investments and partnerships in the energy sector[80]. - The company is focusing on expanding its market presence, particularly in overseas markets, to enhance its competitive edge[117]. - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of 2 billion yuan allocated for this purpose[118]. Technological Innovation - The company has established a national key laboratory for power grid operation risk defense technology and equipment, and developed the world's first controllable commutation converter (CLCC)[9]. - The company aims to enhance its core competitiveness by integrating advanced technologies such as artificial intelligence and blockchain into its energy solutions[38]. - The company is committed to advancing green and low-carbon energy production, with plans to accelerate the development of hydrogen energy and other innovative technologies[41]. - The company is committed to technological advancement, as indicated by the involvement of its executives in technology-focused organizations[133]. Corporate Governance - The company held three shareholder meetings during the reporting period, ensuring equal rights for all shareholders and compliance with legal regulations[100]. - The board of directors consists of 12 members, including 4 independent directors, ensuring compliance with legal requirements and enhancing decision-making quality[103]. - The company has a complete and transparent performance evaluation system for senior management, linking their income to the company's operational performance[105]. - The company emphasizes investor relations management, utilizing various channels to communicate effectively with investors[107]. Sustainability and Social Responsibility - The company has been recognized as a "National Green Factory" and has implemented a green production system to reduce harmful substances and improve energy efficiency[178]. - The company has committed to social responsibility by publishing sustainability reports for 12 consecutive years, focusing on employee welfare and safety[180]. - The company has invested in renewable energy technologies, including photovoltaic systems and air-source heat pumps, to optimize energy structure in its parks[177]. - The company has implemented carbon reduction measures, resulting in a reduction of 1,200 tons of CO2 equivalent emissions[176]. Employee Development - The workforce consists of 11,016 employees, with 86.75% holding a bachelor's degree or higher, and 40.37% holding a master's degree or higher, indicating a strong talent pool[47]. - The company emphasizes the importance of talent development, aiming to attract high-quality talent and establish a training system for young professionals[93]. - The company has established a comprehensive training plan focusing on leadership, business management, and technology innovation[158]. International Business - The company is actively expanding into new business areas such as engineering general contracting, operation and maintenance services, and equipment leasing to diversify revenue streams[45]. - The company is pursuing international business growth, optimizing its international business system to promote the export of high-value-added products[92]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[130]. Risk Management - The company is focused on addressing market environment risks, particularly in the energy and power sectors, and will enhance its core competitiveness to support high-quality development[94]. - The company plans to improve its risk prevention system for overseas operations, focusing on political and economic conditions in key countries[98]. - The company is planning to conduct foreign exchange hedging business in 2024, as discussed in the risk management committee meetings[147].