According to Zhitong Finance App News, Tianzhun Technology (688003.SH) released its 2023 annual report. During the reporting period, the company achieved operating income of 1,648 million yuan, an increase of 3.70%; net profit attributable to shareholders of listed companies was 215 million yuan, an increase of 41.46%; net profit attributable to shareholders of listed companies deducted 157 million yuan for non-recurring profit and loss, an increase of 29.14% year on year; basic earnings per share were 1.1217 yuan/share.

In 2023, the company plans to distribute profits based on the total share capital registered on the share registration date for implementing equity distribution by deducting shares in the company's special securities account for repurchase, and distribute a cash dividend of 6.00 yuan (tax included) for every 10 shares to all shareholders.

The increase in operating performance was mainly due to: a) the company implemented positive lean management since 2022, actively reducing costs and increasing efficiency, and saw results in early 2023, with a 1.11% increase in gross margin; b) the basic formation of the company's strategic product matrix and a sharp drop in R&D expenses; c) the impact of the company's share payments and amortization due to the implementation of equity incentives on net profit decreased by 12.364 million yuan year-on-year.