Changqing(603768)2024-04-01 16:00Financial Performance - The company achieved a consolidated net profit of ¥131,627,112.03 for the year 2023, with retained earnings amounting to ¥910,151,539.39 as of December 31, 2023[6]. - The company's operating revenue for 2023 reached ¥3,248,865,622.12, representing a year-on-year increase of 2.71% compared to ¥3,163,217,604.68 in 2022[23]. - Net profit attributable to shareholders was ¥131,627,112.03, a significant increase of 36.47% from ¥96,451,097.58 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥108,543,789.30, up 27.87% from ¥84,885,685.25 in 2022[23]. - The company's total assets increased by 16.74% to ¥4,903,658,848.84 at the end of 2023, compared to ¥4,200,377,177.26 at the end of 2022[23]. - Basic earnings per share rose to ¥0.65, reflecting a 38.3% increase from ¥0.47 in 2022[24]. - The weighted average return on equity improved to 6.77%, an increase of 1.54 percentage points from 5.23% in the previous year[24]. - The cash flow from operating activities showed a significant improvement, with a net cash flow of -¥28,595,562.03, compared to -¥122,375,983.74 in 2022, marking a 76.63% improvement[23]. Dividend Policy - The board of directors proposed not to distribute cash dividends or issue bonus shares for the year 2023, citing the ongoing fundraising process for A-share issuance as the reason[6]. - The company emphasizes the importance of investor returns and plans to address profit distribution matters after the completion of the major asset restructuring[6]. - The company plans to distribute cash dividends amounting to at least 20% of the distributable profits in the next three years (2022-2024), contingent on meeting certain conditions[122]. - The company has a cash dividend policy prioritizing cash distributions when conditions allow, with specific percentages based on development stages[124]. - The company has not proposed a cash profit distribution plan for 2023 due to ongoing major asset restructuring, which requires compliance with regulatory requirements before any profit distribution can occur[129]. Fundraising and Investment - The company has received approval from the China Securities Regulatory Commission for its A-share fundraising, which is currently in the implementation stage[6]. - The company has engaged new underwriters for its securities issuance, indicating ongoing strategic financial maneuvers to support future growth[22]. - The total amount of raised funds as of the report date is 83,232,000 yuan, with a net amount after deducting issuance costs of 78,132,320 yuan[173]. - The cumulative investment of raised funds reached 75,272,140 yuan, representing 96.34% of the total raised funds[173]. - The company plans to utilize the raised funds for various projects, including automotive stamping and welding production, with a total commitment of 44.9 million yuan[177]. - The company has initiated new product development projects, including a research and development center, with a total investment of 370,000 yuan planned[177]. - The company is expanding its market presence through strategic investments in green and clean production technologies[177]. Operational Efficiency and Production - The company is focusing on factory upgrades and implementing "lean production" and "refined management" to enhance quality management and cost control[32]. - The company has established a dedicated integrated die-casting division to develop components for new energy vehicles, aiming to strengthen its core competitiveness[33]. - The company has formed stable strategic partnerships with major automotive manufacturers, including Jianghuai Automobile and BYD, expanding its supplier network[37]. - The company has a well-established product development system and a strong technical team, enhancing its ability to innovate and respond to market changes[36]. - The company has implemented advanced automated stamping and welding production lines, enhancing production efficiency and product quality[40]. - The company has multiple production bases strategically located near major clients, enhancing service responsiveness and customer satisfaction[40]. - The company has established a flexible production management capability, allowing for rapid product variety changes to meet diverse customer demands[40]. Research and Development - Research and development expenses increased by 18.70% to CNY 109.98 million, indicating a commitment to enhancing technological capabilities[46]. - The company has invested in R&D capabilities, focusing on new product development and technological upgrades to meet the evolving demands of the automotive industry[82]. - The number of R&D personnel is 610, with 106 holding a bachelor's degree[58]. - R&D expenditures amounted to ¥109,978,015.02, representing 3.39% of total operating revenue[57]. Environmental Responsibility - The actual emissions of volatile organic compounds in 2023 amounted to 6,575.369 kg, with a concentration below 3.4 mg/m³, well under the maximum allowable concentration of 120 mg/m³[141]. - The actual emissions of sulfur dioxide in 2023 were 0.081 tons, with a concentration below 3 mg/m³, significantly lower than the maximum allowable concentration of 550 mg/m³[141]. - The actual emissions of nitrogen oxides in 2023 were 0.378 tons, with a concentration below 25 mg/m³, compared to the maximum allowable concentration of 240 mg/m³[141]. - The actual emissions of particulate matter in 2023 were 0.104 tons, with a concentration below 12.9 mg/m³, under the maximum allowable concentration of 120 mg/m³[141]. - The company has invested in pollution control facilities, including dust removal equipment, with new projects coming online in 2021 and 2022[142]. - The company has established an environmental management system certified by GB/T24001-2016/ISO14001:2015, with the certification valid until January 28, 2025[147]. - The company has taken measures to reduce carbon emissions, achieving a reduction of 50 tons of CO2 equivalent through solar energy utilization[149]. Corporate Governance - The board of directors consists of 7 members, including 3 independent directors, complying with legal requirements[95]. - The supervisory board has 3 members, including 1 employee representative, also meeting legal and regulatory requirements[96]. - The company held 7 board meetings and 5 supervisory meetings during the reporting period, effectively executing decision-making and supervision mechanisms[95][96]. - The company has established information disclosure management systems to ensure timely and accurate communication with shareholders[96]. - The company emphasizes communication with investors, particularly small and medium shareholders, to safeguard their rights[96]. - The company has a structured approach to training and familiarizing board members with relevant laws and regulations[95]. - The company’s governance structure adheres to the principles of incentive and restraint, aligning rights and responsibilities with risks and benefits[103]. Risks and Challenges - The company faces risks from global chip shortages, which could lead to reduced orders and negatively impact performance[87]. - The company is exposed to raw material price volatility, which could significantly increase production costs and affect profitability[87]. - The company emphasizes the importance of product quality control to meet the strict requirements of major automotive manufacturers, as quality issues could lead to claims and affect future collaborations[88]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 17,955, a decrease from 18,301 at the end of the previous month[184]. - The largest shareholder, Wu Yinghong, holds 64,999,500 shares, representing 31.86% of the total shares[185]. - The second-largest shareholder, Wu Yingju, holds 37,485,000 shares, accounting for 18.38%[185]. - The third-largest shareholder, Zhu Huijuan, possesses 23,740,500 shares, which is 11.64% of the total[185]. - The company has no changes in the total number of shares and share capital structure during the reporting period[183]. - There were no significant changes in the top ten shareholders or their shareholding status compared to the previous period[188].