Dongyangguang (600673.SH) released its 2023 annual report. The company's revenue was 10.854 billion yuan,...
According to Zhitong Finance App News, Dongyangguang (600673.SH) released its 2023 annual report. The company's operating income was 10.854 billion yuan, down 7.23% from the previous year; net loss attributable to shareholders of listed companies was 294 million yuan, from profit to loss; net loss attributable to shareholders of listed companies after deducting non-recurring profit and loss of 440 million yuan, which changed from profit to loss; basic loss of 0.10 yuan/share. It is proposed to distribute a cash dividend of 3.36 yuan (tax included) for every 10 shares to all shareholders who can participate in the distribution.
During the reporting period, due to the continued downturn in the consumer electronics market as a whole, compounded by the effects of lithium battery companies removing inventory, etc., market demand declined significantly. Demand for electronic components and high-end aluminum foil declined simultaneously, leading to a decline in sales of core products such as electrode foils, capacitors, and electronic optical foils. To this end, on the basis of maintaining the original share in the consumer electronics sector, the company's capacitor-related products actively expand their share in the industrial control field, optimize the product structure, and expand the customer base to enhance the company's resilience to risks. At the same time, inventory removal from the downstream of the new energy industry chain has led to a continuous decline in middle and upstream materials, and industry competition has intensified, leading to a decline in the overall profitability of products. The new chemical materials sector was affected by the slump in the global economy, export business and real estate market downturn. Industry demand slowed, and product prices fell sharply due to the impact of market supply and demand, while prices of chemical products were relatively high in the same period in 2022, leading to a year-on-year decline in performance. In the energy materials sector, the coal market showed a downward trend in prices. Cathode materials were affected by multiple factors such as sharp fluctuations in the price of lithium carbonate as the main material, combined with the release of production capacity in industry plans, heavy wait-and-see sentiment in the downstream market, and competitors' price wars. Overall performance declined from last year.
In addition, during the reporting period, the company confirmed equity incentive fees for restricted stock incentive plans and employee shareholding plans, and full deduction and impairment preparations for the two prospecting rights owned by Tongzi County Shixi Coal Mine and Taojiazhai Coal Mine based on the principle of prudence, all affected the company's current profit and loss.