On April 9, the 2023 collective performance presentation meeting for the main board companies of the Shanghai Stock Exchange officially kicked off. The first four high-end manufacturing companies under the theme of "New Quality Productivity" appeared to exchange with investors about the company's development status and future layout.

The four companies are Anhui Heli, Yituo, Sifang Technology, and Hongsheng. At the performance briefing meeting, these companies combined the new situation of their own business development to explain in detail the performance highlights in 2023, how to implement new quality productivity development policies, and future industrial development trends.

According to First Finance and Economics, in the next three months, more than 100 companies on the main board of the Shanghai Stock Exchange will appear one after another, presenting investors with eight major themes of "new productivity","ESG" and "happy life". The briefing will focus on the high-quality development path of the industry and discuss the future development of listed companies.

As the all-media cooperation platform on the main board of the Shanghai Stock Exchange, First Finance and Economics supported this performance briefing throughout the entire process, conducting all-media live broadcasts and content dissemination.

Four companies explain their performance highlights in detail

Intelligence is the only way for high-end manufacturing enterprises to upgrade, and it is also an important way to cultivate new productivity. With the disclosure of the 2023 annual report, the report cards of some high-end manufacturing companies have been released, becoming a window for the market to understand the company and gain insight into the industry.

Anhui Heli's main business is the research and development, manufacturing, sales and service of industrial vehicles, intelligent transportation equipment, intelligent logistics systems and their core components. In 2023, the company will develop domestic and international markets around the four major business segments of "complete machine, parts and components, aftermarket, and intelligent logistics".

According to Yang Anguo, chairman of Anhui Heli, in 2023, the company's complete machine sales will increase by 11.93% year-on-year, the proportion of electric vehicle sales will further increase to 57.17%, and overseas revenue will increase by 31.97% year-on-year. Electric new energy products and international businesses have achieved rapid development, driving the company's revenue scale and parent net profit to increase by 10.76% and 40.89% respectively year-on-year. Gross profit margin, The weighted average return on equity increased by 3.50 and 2.84 percentage points year-on-year respectively. The company attaches great importance to R & D innovation, and the proportion of R & D investment has remained at around 4% to 5% in the past five years.

In recent years, YTO has also accelerated its transformation into green, intelligent and high-end. The company is mainly engaged in the research and development, manufacturing and sales of agricultural machinery, power machinery and related parts products. In 2023, YTO achieved operating income of 11.528 billion yuan, a year-on-year decrease of 7.44%; with the decline in revenue, the company achieved a net profit attributable to the parent company of 997 million yuan, a year-on-year increase of 46.39%, and the net profit attributable to the parent company after deducting non-payment was 926 million yuan, a year-on-year increase of 20.02%.

Wei Tao, general manager of YTO, said that the company focuses on high-horsepower machinery urgently needed for domestic agricultural production, small machinery suitable for hilly and mountainous areas, and shortcomings and weaknesses in the field of intelligence, and continues to carry out technical research. The R & D investment ratio has remained at 4% for many years in a row. Above, new breakthroughs have been continuously made in the fields of research and development of high-end intelligent agricultural machinery equipment and filling up for shortcomings in agricultural machinery equipment. At present, the company has built and formed the most complete production and manufacturing system from core components to complete machines in the domestic tractor industry, and continues to implement high-end, intelligent and green upgrades.

Sifang Technology is a cold chain equipment manufacturing enterprise and a tank container manufacturing enterprise. It also owns heat exchangers and green energy-saving plate production lines. In 2023, the company achieved revenue of 2.229 billion yuan, a year-on-year increase of 10.09%; net profit attributable to the parent company was 334 million yuan, a year-on-year increase of 9.14%.

"In 2023, the company has generally achieved good operating results, with annual operating income and total profit reaching record highs." Zhang Dongyun, representative of Sifang Technology Securities Affairs, said that large orders and major customers of the cold chain business are well received; orders for food processing machinery such as fryers and steaming machines continue to grow; and new breakthroughs have been achieved in the liquid-cooled dry coolers market. The number of orders and order volume for the tank business increased year-on-year. The energy-saving plate business achieved important breakthroughs, and the implementation of large-scale cold chain logistics projects promoted the further improvement of the company's brand image and installation project management capabilities.

Hongsheng's main business income mainly comes from aluminum plate-fin heat exchangers. In 2023, the company achieved a net profit attributable to the parent company of 53.7796 million yuan, a year-on-year increase of 0.73%; the net cash flow from operating activities was 112 million yuan, a year-on-year increase of 600.71%

Wang Lixin, director and deputy general manager of Hongsheng Co., Ltd., said that there are two main reasons for the company's improvement in profitability in 2023:First, the company actively explores the market and optimizes the product structure. The proportion of delivery of high-end customized cooling modules has increased. The products are competitive enough in the market, and the gross profit margin of individual cooler products is relatively high; Second, in response to industry competition, the company has worked hard on internal strength in all aspects. Promote cost reduction and efficiency improvement, laying a foundation for improving product profitability.

While improving quality and efficiency, listed companies 'awareness of "valuing returns" has also continued to increase. It is understood that Anhui Heli has raised a total of 3.024 billion yuan in funds since its listing and distributed a total of 3.209 billion yuan in cash dividends, accounting for 38.42% of the cumulative net profit. Since the listing of YTO's A-shares, it has accumulated cash dividends of 1.136 billion yuan, of which 359 million yuan is planned to be implemented in 2023. The dividend amount will increase by 39% year-on-year, and the dividend payment rate will be 36%.

Since its listing, Sifang Technology has accumulated cash dividends of 380 million yuan, accounting for 81.72% of the net funds raised previously. In 2023, it plans to distribute a cash dividend of RMB 2.60 yuan (including tax) for every 10 shares, and a total of 80.3755 million yuan (including tax) is planned to be distributed. Hongsheng shares will distribute a cash dividend of 30 million yuan (0.3 yuan per share) in 2021 and 2022, and the planned cash dividend in 2023 will also be 30 million yuan (0.3 yuan per share). The annual cash dividend ratio exceeds 50% of the parent's net profit.

How to accelerate the cultivation of new productive forces?

Against the background of the development of new quality productivity, industrial transformation and upgrading have accelerated again. At the performance presentation meeting, four high-end manufacturing companies all introduced new ideas and new directions for cultivating new quality productivity.

"The core of new quality productivity lies in the two words 'new' and 'quality', which reflect new trends and new requirements for the development of productivity." Yang Anguo said that in the future, new productivity will lead the direction of economic development and promote the optimization and upgrading of the industrial structure. Heli will also pay close attention to these changes, constantly adapt to and grasp the opportunities and challenges brought by new productivity, and further focus on "electrification, low-carbon, intelligence, and networking" to carry out its industrial layout.

He said that to speed up the cultivation of new productive forces, Anhui Heli will do it in three aspects:The first is to enrich the product system around the "three styles and one set", accelerate the deep integration of industrial design and manufacturing, give full play to the role of industrial design in adjusting structure, promoting transformation, and creating brands, and comprehensively promote the upgrading of series products; The second is to promote the integration of the "two industries" around the "three intelligences and one network", explore the "three intelligences and one network" development model of intelligent manufacturing, intelligent products, intelligent services and industrial Internet, and accelerate the improvement of the two-wheel drive of the service industry and manufacturing industry. The new development model will help enterprises transform and upgrade intelligently; the third is to add new development momentum around the "three conversions of products", accelerate the conversion of internal combustion to electric, lead acid to lithium, and traditional energy to new energy, develop hydrogen energy forklifts, and strive to implement the dual carbon goal.