* the comments on the operation of the board of directors in the mid-term (000996) 2023 of ST are as follows:
I. the situation of the company's industry during the reporting period
At the beginning of 2023, the recovery of automobile consumption lagged behind due to the withdrawal of traditional fuel vehicle purchase tax concessions and new energy vehicle subsidy policies, the advance of the Spring Festival holiday, and the early overdraft of some consumption; from May to October, under the promotion of national and local policies, coupled with the continuation of local car purchase promotion and other measures, market demand was gradually released, and overall market sales gradually improved throughout the year. As the company has not increased investment in the automotive service industry recently, the operating cost is high, and the business has been in a state of loss, in order to control the cost of the company to reduce operating expenses and reduce the sales scale during the reporting period, sales revenue decreased in 2023.
II. The main business of the company during the reporting period
During the reporting period, the company's main business is automotive service business, including brand car and accessories sales, automobile maintenance, automobile maintenance and beauty, information consulting services, auto financial services, auto insurance brokerage, automotive e-commerce and other services. Third, analysis of core competitiveness IV. Analysis of main business.
1. Overview
In recent years, as the company has been committed to asset restructuring of international futures, there is no increase in investment in the automotive service industry. At present, the company's main business scale is small, the operating cost is high, and it is gradually at a disadvantage in the market competition. Coupled with the overall recession of the automotive service industry, the company achieved operating income of 11% during the reporting period.Freecoinmasterspins2019, 069212Freecoinmasterspins2019.79 yuan, down 65% from the same period last year, realizing an operating profit of 9031921.93 yuan, and a net profit of 8006930.53 yuan belonging to the shareholders of the parent company. V. Prospect of the company's future development
(1) the development trend of the automobile industry in 2024Freecoinmasterspins2019China will continue to adhere to the general tone of seeking progress in the midst of stability, strive to expand domestic demand, promote the steady recovery and expansion of consumption, expand effective investment, increase scientific and technological innovation, and actively promote high-quality economic development.
(2) the company's 2024 business plan, the company's strategic company adheres to the values of "integrity, dedication, innovation and cooperation". At present, the company's main business is the automobile service business, and the company has been unable to increase investment in the automobile industry for a long time, and it has been completely lost in the past decade.Freecoinmasterspins2019The competitiveness of the market has been maintained and huge losses. In 2023, the company continued to seek the support of regulators, quickly stripped of the heavy burden of losses in the automotive business, and accelerated the introduction of the group's existing excellent futures financial assets. Conventional company construction: 1. Promote enterprise construction by improving the system, establish an omni-directional and relatively complete system in accordance with the principles of legitimacy, rationality and integrity, manage people with the system and standardize the behavior with the system, so as to establish a solid long-term mechanism. Adhere to production safety and continue to strengthen internal management and internal control. 2. Improve the skills, stick to the standard foundation, adhere to the standard operation, and constantly improve the level of corporate governance. In strict accordance with the requirements of relevant laws, regulations and normative documents such as the Company Law, the Securities Law and the rules governing the listing of stocks on the Shenzhen Stock Exchange, we should do a good job in information disclosure based on the principle of "truthfulness, accuracy, completeness, timeliness and fairness". We should do a good job in the management of the three associations on the premise of standardized operation, and do a good job in investor relations management in accordance with the rules and regulations, combined with the suggestions of the legal adviser. Carry out all kinds of work in accordance with the standardization requirements of listed companies, and perform the necessary decision examination and approval procedures and information disclosure obligations, so as to maximize the interests of the company and all shareholders as well as the legitimate rights and interests of employees, ensure the standardized operation of corporate governance and production and operation to promote the level of corporate governance. 3. With the aim of maximizing the interests of the company, the importance of strengthening the current situation of the goal and strengthening its social responsibility is deepening with the global economic integration and the market-oriented reform of our country. Starting with the continuous promotion of management innovation, we will comprehensively improve the efficiency of management and the quality of talents. Deepen the reform of manpower integration, adhere to the employment mechanism of "specialization and rejuvenation", further optimize the allocation of human resources, and make a good management layout for the transformation and development of the company in advance. The company strives to train young talents with high comprehensive quality, high educational background, professional knowledge and rich experience, so as to protect the company's strategic transformation and long-term development. 4. According to the actual situation of the company, timely promote business transformation, continue to promote cost reduction and efficiency, lean management, build an efficient and agile organization, and lay a solid foundation for the overall strategic development of the company.
(3) Analysis of the risk factors faced by the company for many years, the futures financial business of the company's business transformation has been unsuccessful, the profitability of the company's existing automobile business has been unable to effectively maintain, and is in a more disadvantageous position in the market competition. relying on the existing automobile business situation is very difficult to achieve improvement, enterprises are facing tremendous pressure, there is an urgent need for comprehensive measures to obtain the support of regulators. The group's existing excellent assets will be injected into the listed company to completely change the company's current extremely passive huge loss situation. In 2024, the company will increase the intensity of capital operation, give full play to the advantages of listed companies and the role of investment and financing platform, integrate the high-quality futures assets owned by the group as soon as possible, accelerate the refinancing-related work, and make new breakthroughs in capital operation. improve the speed and quality of the company's development, and strive to become bigger and stronger.