JL(300589)2024-04-23 10:17Financial Performance - The company's operating revenue for 2023 reached ¥1,186,818,268.13, representing a 74.40% increase compared to ¥680,511,074.10 in 2022[19] - Net profit attributable to shareholders was ¥44,074,302.42, a significant increase of 236.45% from ¥13,099,845.93 in the previous year[19] - The net profit after deducting non-recurring gains and losses surged to ¥29,318,354.44, up 1,740.27% from ¥1,593,152.46 in 2022[19] - The net cash flow from operating activities was ¥452,191,514.01, marking a 215.84% increase from ¥143,171,047.91 in the prior year[19] - Basic earnings per share rose to ¥0.1167, a 236.31% increase compared to ¥0.0347 in 2022[19] - Total assets at the end of 2023 amounted to ¥2,392,491,359.08, reflecting a 54.41% increase from ¥1,549,483,070.88 at the end of 2022[19] - The net assets attributable to shareholders increased to ¥818,580,992.89, a 6.86% rise from ¥766,057,275.17 in the previous year[19] - The weighted average return on net assets was 5.59%, up from 1.75% in 2022, indicating improved profitability[19] Revenue and Orders - The company's total revenue for Q4 2023 reached ¥503,503,346.88, showing a significant increase compared to previous quarters[21] - The net profit attributable to shareholders for Q4 2023 was ¥28,300,987.65, a notable rise from earlier quarters[21] - The company signed new orders worth 2.610 billion yuan, marking a 128.75% increase compared to the previous year, with total orders on hand amounting to 2.649 billion yuan, a 120.93% increase year-on-year[66] - Revenue from boat sales accounted for 98.68% of total revenue, amounting to ¥1,171,177,963.79, which is a 77.56% increase from ¥659,611,892.16 in the previous year[76] - The company achieved a 99% year-on-year growth in new tourism and leisure boat orders, totaling ¥318 million in 2023[71] Market Expansion and Product Development - Future outlook includes addressing potential risk factors and strategies for market expansion and product development[6] - The company is a leader in the domestic small and medium-sized boat segment, with a strong focus on public service and special operation vessels[32] - The company has delivered several electric new energy tourist boats, expanding its product offerings in the tourism sector[33] - The company has entered the deep-sea aquaculture vessel market, constructing the world's first natural water exchange aquaculture vessel "Jiuzhou No. 1" in 2023[33] - The company is focusing on the development of new energy vessels, successfully entering the public service vessel market with hybrid diesel-electric technology[67] - The company is actively expanding its market presence, with new contracts for various types of vessels, including luxury yachts and patrol boats[82] Research and Development - The company holds 266 valid patents, showcasing its commitment to innovation and technology in the boat manufacturing industry[32] - Research and development efforts are focused on new technologies for vessel construction, aiming to enhance product offerings and market competitiveness[82] - The company reported a research and development (R&D) investment of ¥60,201,295.02 in 2023, representing 5.07% of its operating revenue[95] - The number of R&D personnel increased by 22.07% from 145 in 2022 to 177 in 2023[95] - The company is developing a 5G-AI intelligent unmanned boat, which aims to enhance command and control integration, potentially filling a market gap and improving economic benefits[92] Operational Efficiency and Cost Management - The gross profit margin for the year improved to 30.76%, compared to 27.14% in the previous year, reflecting better cost management[84] - The company plans to increase its production capacity by 20% in the next fiscal year to meet growing demand[82] - The company is committed to improving production organization and management to ensure timely delivery of orders[125] - The company is exploring strategic acquisitions to bolster its technological capabilities and expand its product line[82] Cash Flow and Financial Management - Operating cash inflow for 2023 reached ¥1,790,521,831.24, a 65.13% increase compared to ¥1,084,319,736.17 in 2022[96] - The net increase in cash and cash equivalents for 2023 was ¥235,598,517.59, a 272.92% improvement from a decrease of ¥136,247,107.68 in 2022[97] - The company has established a robust information disclosure system to protect investor rights and ensure transparency[147] - The company has committed to specific projects with a total investment amount of RMB 36.65 million, with a cumulative investment of RMB 34.51 million as of the reporting period[112] Corporate Governance and Management - The company has established a comprehensive internal management and control system in accordance with relevant laws and regulations, ensuring compliance with corporate governance standards[140] - The board of directors consists of 8 members, including 3 independent directors, meeting legal and regulatory requirements[143] - The company has implemented a performance evaluation and incentive mechanism for senior management, ensuring transparency in the hiring process[146] - The company has a well-defined corporate governance structure with a board of directors, supervisory board, and shareholders' meeting, free from external interference[155] Employee and Talent Development - The company plans to enhance its talent development through various training strategies, including succession planning and online learning[191] - The employee stock ownership plan includes 92 employees holding a total of 4,348,581 shares, representing 1.15% of the company's total share capital[197] - The company’s employee compensation policy emphasizes external competitiveness and internal fairness, utilizing performance management tools to improve organizational and individual performance[190] Future Outlook - The company plans to continue expanding its market presence and developing new technologies in the marine industry[113] - The company has set a future outlook with a revenue target of 1.5 billion RMB for the next fiscal year, indicating a projected growth of 25%[170] - The company aims to achieve a revenue target of 220 million for the next fiscal year, indicating a projected growth of approximately 7%[163]