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On May 16, the 2023 annual performance briefing of Bawei shares was held in China Securities Journal and China Securities Network. Leng Qunying, chairman and general manager of the company, said that in the future, the company will deeply tap the potential of the cosmetics industry, continuously improve its core competitiveness, and promote the company's sustainable and steady development.
Steady growth in operating performance
Bawei shares were established in 2006 and landed on the Beijing Stock Exchange on March 29 this year. The main business includes the R&D, production, sales and testing of cosmetics, and the product categories cover skin care, facial masks, washing and care, makeup and other categories. Through years of industry accumulation and market development, Bawei has grown into a well-known enterprise in the domestic cosmetics industry, and has formed its own core advantages in R&D innovation, intelligent manufacturing, customer service, market competitiveness, etc.
In 2023, Bawei shares will achieve operating income of 469 million yuan, a year-on-year increase of 2.02%; The net profit attributable to shareholders of the listed company was 41.1592 million yuan, a year-on-year increase of 8.20%.
The main business of Bawei Co., Ltd. includes cosmetics ODM and OBM business. In 2023, the company's ODM business revenue will account for about 98% of the main business revenue. Leng Qunying said that in the future, the company will continue to focus on the layout of ODM and OBM's main business, dig deep into the potential of the industry, and increase investment in five aspects: market expansion, digital operation, technological transformation, research and development, and talent introduction, so as to promote the company's sustainable and steady development.
According to the profit distribution plan for 2023, Bawei shares plan to distribute a cash dividend of 2 yuan (tax included) to all shareholders for every 10 shares, with a total dividend of 16.92 million yuan, accounting for about 41.1% of the net profit attributable to the parent company in 2023. Ba Wei said that in the future, it will go all out to do a good job in operation, and on the premise of comprehensively considering the company's profitability and future development needs, it will try its best to take cash dividends and actively give back to the company's shareholders.
Profitability has steadily improved
In recent years, the profitability of Bawei shares has steadily improved. In 2023, the company's gross profit margin will further increase to 33.19%, an increase of 2.72 percentage points year-on-year. Ba Wei said that the main factors for the company's gross profit margin to increase in 2023 include: Jianggao's own factories continue to make efforts in centralized intelligent manufacturing, eliminate leased old factories, save rent, electricity and material consumption, improve production efficiency, and reduce unit manufacturing costs.
In terms of market value management, Ba Wei said that the company will actively pay attention to the market situation and take relevant measures in a timely manner to boost market confidence and maintain the stability of the stock price. The company will go all out to focus on operation and management, continuously improve its core competitiveness, and return shareholders with excellent operating performance and profitability.
According to the prospectus, the funds raised by the listing of Bawei shares are mainly used for intelligent production workshop construction projects, R&D center construction projects, and supplementary working capital projects. Leng Qunying said that the company's fundraising project includes the application of biosynthesis technology, which is currently being promoted. In the future, the company will actively and orderly promote the implementation progress of fundraising projects in combination with the development trend of the industry and the company's capital use plan, so as to improve the company's core competitiveness and capital use efficiency.
R&D investment continues to grow
In 2023, the R&D expenditure of Bawei shares will be 27.4348 million yuan, a slight increase from 2022, and the R&D expenditure will account for about 5.85% of the company's operating income. As of the end of 2023, the company has a total of 117 R&D personnel, accounting for 13.76% of the company's total number; It has a total of 134 domestic and foreign patents, including 117 invention patents.
Since its establishment, the company has continued to pay attention to improving its technology research and development strength, and has mastered cosmetics manufacturing related technologies such as "functional active substance visual microcapsule stable wrapping preparation technology".
In terms of product testing, Youzhi Testing, a subsidiary of Bawei Co., Ltd., has more than 200 sets of cosmetics testing instruments and equipment, and product testing includes five categories: cosmetics, chemical raw materials, flavors and fragrances, washing and sanitizing, packaging materials and products, and can issue third-party testing reports. At present, Youqi Testing has the ability of inspection and testing, and has the laboratory accreditation certificate of CNAS National Laboratory Accreditation Committee, the qualification certificate of CMA inspection and testing agency of Guangdong Provincial Municipal Supervision Bureau, and the qualification of cosmetics registration and filing inspection agency (including human efficacy inspection and testing of special cosmetics).
In terms of intelligent manufacturing, Bawei shares also build a warehouse data control center and a digital kanban center by building information management systems such as SAP system, MES system and LIMS system, so as to realize the automatic collection, analysis and traceability of production process data, greatly reduce the use of paper documents, and make the data of production and operation dynamically visualized and online.
Editor: Yu Hongbo Proofreader: Zhang Jing Producer: Li Ruoyu
Issued by: Peng Yong
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