ACMSH(688082)2025-02-26 13:25Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan, representing a year-over-year growth of 25%[15]. - The company's operating revenue for 2024 reached CNY 5.62 billion, representing a year-on-year increase of 44.48%[26]. - Net profit attributable to shareholders for 2024 was CNY 1.15 billion, an increase of 26.65% compared to the previous year[25]. - The basic earnings per share for 2024 was CNY 2.64, up 26.32% from CNY 2.09 in 2023[25]. - The net profit attributable to shareholders of the listed company for 2024 is CNY 1,153,188,090, an increase of 26.69% compared to CNY 910,521,979.19 in the previous period[33]. - The net profit after deducting non-recurring gains and losses for 2024 was CNY 1.11 billion, up 27.79% from CNY 867.68 million in 2023[25]. - The company's total assets at the end of 2024 were CNY 12.13 billion, reflecting a 24.35% increase from CNY 9.75 billion in 2023[25]. - The gross margin improved to 45%, up from 40% in the previous year, reflecting better cost management and pricing strategies[16]. - The company's operating revenue increased by 44.48% to CNY 5.618 billion, driven by strong demand in the semiconductor industry and effective product platform strategies[34]. - The revenue from semiconductor cleaning equipment was 4.057 billion RMB, a year-on-year increase of approximately 55.18%[116]. Research and Development - The company is investing 100 million yuan in R&D for innovative cleaning technologies to improve manufacturing efficiency[15]. - Research and development expenses accounted for 14.93% of operating revenue in 2024, a decrease of 2.00 percentage points from the previous year[25]. - The company applied for 311 patents in 2024, an increase of 89.63% year-on-year, bringing the total to 1,526 patents, which is a 37.11% increase from the previous year[44]. - Total R&D investment reached approximately ¥838.48 million, an increase of 27.36% compared to the previous year, with a capitalized R&D investment of ¥109.52 million, up 154.50%[84]. - The company has developed stress-free polishing technology, which utilizes an inert metal electrode to achieve copper film polishing on wafers[75]. - The company is focusing on advanced packaging technologies, including new copper plating techniques and 3D packaging processes, to enhance product performance and reduce costs[87]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by the end of 2025[15]. - The company is actively expanding its product portfolio in semiconductor electroplating, advanced packaging wet processing, and other areas[68]. - The company aims to enhance its market share in existing customers and accelerate product validation for new clients in the Chinese mainland semiconductor manufacturing sector[155]. - The company plans to closely monitor global semiconductor production line investment plans to increase sales outside of mainland China, following its entry into markets in South Korea, Taiwan, and the United States[155]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[167]. Corporate Governance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[7]. - The company has confirmed that all board members are able to guarantee the authenticity, accuracy, and completeness of the annual report[11]. - The board of directors held 8 meetings during the reporting period, reviewing 66 proposals, ensuring compliance with legal and internal regulations[157]. - The supervisory board convened 7 meetings, reviewing 46 proposals, maintaining compliance with legal and internal governance standards[158]. - The company has established a comprehensive internal control management system to enhance operational management and risk awareness as it expands[155]. Risks and Challenges - There are no significant risks that could materially affect the company's operations during the reporting period[5]. - The company has outlined potential risks related to forward-looking statements in its report[10]. - The company faces risks related to technology updates and the potential loss of key technical personnel, which could adversely affect its R&D capabilities and operational performance[94]. - The company is exposed to risks from international trade tensions and potential tariffs affecting operational costs[104]. - The company has a high customer concentration risk, which could impact sales and timely collection of accounts receivable if major customers face operational difficulties[98]. Employee and Compensation - The total number of employees in the company and its main subsidiaries is 2,002, with 1,616 in the parent company and 386 in subsidiaries[189]. - The total compensation for R&D personnel reached 37,372.08 thousand RMB, up from 27,148.32 thousand RMB in the previous year, indicating a significant investment in talent[89]. - The average salary for R&D personnel rose to 44.28 thousand RMB, compared to 38.84 thousand RMB in the previous year, reflecting the company's commitment to attracting skilled professionals[89]. - Total compensation for all directors, supervisors, and senior management at the end of the reporting period amounted to 1,424.75 million[176]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 6.57 CNY per 10 shares, totaling 288,252,674.72 CNY, which represents 25% of the net profit attributable to shareholders for 2024[8]. - The cumulative cash dividend amount over the last three fiscal years was 722,725,061.64 RMB, with an average net profit of 910,732,339.64 RMB, resulting in a cash dividend ratio of 79.36%[199]. - The company has established a clear and defined dividend policy that complies with its articles of association and shareholder resolutions[195]. Innovation and Technology - The company has developed the SAPS and TEBO ultrasonic cleaning technologies, achieving international leading standards in cleaning efficiency and safety[73][74]. - The company successfully developed stress-free copper polishing and electrochemical copper plating technologies, applying for over 100 invention patents[167]. - The company is focusing on sustainability initiatives, aiming to reduce carbon emissions by 25% by 2025[167]. Financial Health - The net cash flow from operating activities for 2024 was CNY 1.22 billion, a significant improvement from a negative cash flow of CNY 426.96 million in 2023[26]. - The total value of financial assets increased from CNY 208,644,613.36 at the beginning of the period to CNY 271,460,739.03 at the end of the period, reflecting a significant increase in investment performance[37]. - The company reported a foreign exchange gain of 12.72 million yuan during the reporting period, highlighting the impact of currency fluctuations on financial results[100].