公牛集团：公牛集团股份有限公司2023年年度报告（英文版）

Annual Report 2023 1 / 266 Stock Code: 603195 Stock Name: Goneo Group 公牛集团股份有限公司 GONEO GROUP CO., LTD. Annual Report 2023 Annual Report 2023 2 / 266 Important Notes 1. The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and senior management of Goneo Group Co., Ltd. (hereinafter referred to as the “Company”) hereby guarantee that the contents of this Report are true, accurate and complete and free of any misrepresentations, misleading statements or material omissions, and collectively and individually accept legal responsibility for such contents. 2. All the directors of the Company attended the board meeting for the review of this Report. 3. Pan-China Certified Public Accountants LLP has issued an independent auditor’s report with unmodified unqualified opinion for the Company. 4. Ruan Liping, the Company’s legal representative, Liu Shengsong, the Company’s Chief Financial Officer, and Shen Kewei, head of the Company’s financial department (equivalent to financial manager) hereby guarantee that the financial statements carried in this Report are true, accurate and complete. 5. Final dividend plan approved by the Board of Directors As audited by Pan-China Certified Public Accountants LLP, net profit attributable to shareholders of the Company as the parent stood at RMB3,870,135,376.47 for 2023, and the cumulative distributable profit of the Company as the parent was RMB5,044,894,263.44 as at 31 December 2023. The 2023 final dividend plan is as follows: Based on the total share capital (exclusive of the shares in the Company’s repurchased share account) at the record date of the dividend payout, the Company intends to pay a cash dividend of RMB31 (tax inclusive) per 10 shares to shareholders, with a bonus issue of 4.5 additional shares for every 10 shares held by shareholders from capital reserves. According to the total share capital of 891,540,875 shares minus the 46 shares in the repurchased share account at the date when this Report was authorized for issue, the total cash dividend amount is RMB2,763,776,569.90 (tax inclusive), and the total share capital will increase to 1,292,734,248 shares upon the bonus issue (share capital subject to the number registered with the Shanghai branch of China Securities Depository and Clearing Co., Ltd., with tail difference, if any, due to rounding). Where any change occurs to the total share capital before the record date of the dividend payout, the cash dividend and bonus issue per share shall remain the same while the total payout and bonus issue amount shall be adjusted accordingly. The final dividend plan is subject to final approval by the 2023 Annual General Meeting of Shareholders. 6. Risk warning regarding forward-looking statements √ Applicable □ Not applicable Annual Report 2023 3 / 266 Any plans, development strategies and other forward-looking statements mentioned in this Report shall not be considered as promises to investors. Investors and those concerned shall be sufficiently aware of the risks and understand the differences between plans and forecasts and promises. 7. Indicate whether any of the controlling shareholder or other related parties occupied the Company’s capital for non-operating purpose. N/A 8. Indicate whether the Company provided any guarantee for any external party in violation of the prescribed decision-making procedure. N/A 9. Indicate whether over half of the directors refused to guarantee the truthfulness, accuracy and completeness of this Report. N/A 10. Major risk warning The Company has described the possible risks in this Report. For further information, please refer to the contents under the heading “Possible risks” under Item VI (IV) in “Part III Management Discussion and Analysis”. 11. Other information □ Applicable √ Not applicable Annual Report 2023 4 / 266 Taking the Long Way ——To Our Shareholders In 2023, we embraced change and innovation amidst a complex economic landscape both at home and abroad. Thanks to our unwavering dedication, we achieved commendable results, with our operating revenue and profit soaring to record highs as we attained robust growth across economic cycles. During the year, we recorded operating revenue of RMB15.695 billion, up 11.46% year on year; and a net profit attributable to our shareholders of RMB3.87 billion, representing an increase of 21.37% from the year earlier. We further fortified our strengths in the electric connection business. Despite profound adjustments in the real estate sector, we still managed to secure rapid growth in the smart electrical lighting business. And, riding tailwinds, we achieved leapfrog development in the new energy business. As a result, the visibility and reputa