securities times news, on April 26, unified precision (688210) released its 2023 annual report. During the reporting period, the company achieved operating income of 0.562 billion billion yuan, an increase of 10.43 over the same period last year. The company plans to distribute cash dividends of 2.00 yuan (including tax) to all shareholders for every 10 shares.

United Precision is mainly engaged in the research and development, design, production and sales of precision parts with high precision, high density, complex shape and exquisite appearance. In 2023, through process innovation, the company will steadily output value creation capabilities to target customers and gain more new business opportunities.

In the MIM precision parts business, the company introduced the folding screen hinge-related business and achieved a sales conversion. In the non-MIM precision parts business, the company's laser processing, CNC and other metal precision manufacturing capabilities have further gained the trust of existing customers, the company's supply of product numbers continues to increase, the overall penetration rate continues to rise. In 2023, the company achieved operating income of 0.321 billion yuan in MIM precision parts business, basically the same as the previous year.

It is worth noting that in the non-MIM precision parts business, the company continues to increase the depth and breadth of cooperation with existing customers through continuous output of high-quality, high-value integrated technical solutions. Benefiting from the release of demand for new projects in the direction of non-MIM precision parts, the company achieved operating income of 0.194 billion billion yuan in the fourth quarter, up 28.37 percent year-on-year and 21.39 percent month-on-month. For the whole year of 2023, the non-MIM precision parts business achieved sales revenue of 0.228 billion billion yuan, an increase of 38.67 over the previous year.

In order to further strengthen the core technical capabilities, the United Precision has increased its R & D investment. In 2023, the company's R & D investment was 82.6472 million yuan, an increase of 36.48 over the same period last year, accounting for 14.71 percent of operating income. The company's high-intensity R & D investment strongly supported the development of customers' new products, promoted the improvement of production efficiency and yield, and also provided a guarantee for the company's research on cutting-edge technologies. During the reporting period, the company obtained a total of 7 authorized patents, including 5 invention patents and 2 utility model patents. As of the end of the reporting period, 12 invention patents were under review.

United Precision stated that the company will continue to deepen the field of precision manufacturing, adhere to the strategy of following major customers, continue to innovate processes, seek opportunities in challenges, and seek progress while maintaining stability, and is committed to becoming the world's leading MIM product manufacturer and diversified precision parts Comprehensive solution provider. (Wen Sui)