on February 29, 2024, weisheng information (688100.SH) released its 2023 annual performance report.

the company achieved operating income of 2.225 billion yuan, up 11.06 percent from the same period last year, net profit of 0.525 billion yuan, up 31.26 percent from the same period last year, net cash flow from operating activities of 0.417 billion yuan, up 62.21 percent from the same period last year, and asset-liability ratio of 30.20 percent, up 0.38 percentage points from the same period last year.

the company's gross profit margin on sales was 40.79, up 3.68 percentage points year-on-year, achieving basic earnings per share of 1.07 yuan, up 33.75 percent year-on-year, and diluted return on net assets of 17.89 percent, up 3.15 percentage points year-on-year.

the company's inventory turnover rate was 4.60 times, down 0.44 times from the same period last year, and the total asset turnover rate was 0.54 times, up 0.02 times from the same period last year.

the sales cost is about 0.105 billion yuan, the management cost is about 39.39 million yuan, and the financial cost is about -0.024 billion yuan.

the company is mainly engaged in communication gateway, communication module, electric monitoring terminal, water, gas and heat sensing terminal, intelligent public utility management system and other businesses, accounting for 35.98, 30.20, 20.65, 8.03, 4.20 and 0.95, with revenues of 0.723 billion yuan, 0.658 billion yuan, 0.465 billion yuan, 0.22 billion yuan, 0.148 billion yuan and 10.4773 million yuan respectively, gross margins were 45.16 per cent, 41.65 per cent, 40.34 per cent, 33.07 per cent, 25.71 per cent and 82.02 per cent, respectively.

the number of shareholders of the company is 5878, and the top ten shareholders of the company hold 0.394 billion shares, accounting for 78.74 of the total share capital. the top ten shareholders are Weisheng Group Co., Ltd., Weijia Creation Co., Ltd., Zou Qiming, Ji Wei, Ji Zhe, Chen Jun, Li Hong, Yongan property Insurance Co., Ltd.-traditional insurance products, Zhong Xiyu, Hong Kong Securities Clearing Co., Ltd, the shareholding ratios were 36.71 per cent, 21.85 per cent, 7.29 per cent, 5.40 per cent, 2.70 per cent, 1.82 per cent, 1.12 per cent, 0.63 per cent, 0.62 per cent and 0.60 per cent, respectively.

the company's total research and development expenses were 0.227 billion yuan, and the proportion of research and development expenses in operating income was 10.22, up 0.31 percentage points year on year.