SCC(002916)2025-03-12 11:15Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 15.00 CNY per 10 shares (including tax) and to increase capital by 3 shares for every 10 shares held[5]. - The total cash dividend distributed in 2023 was RMB 461,589,781.50, accounting for 33.02% of the net profit attributable to shareholders for that year[178]. - The company will not increase capital through capital reserves or issue bonus shares in the 2023 profit distribution plan[178]. - The company’s cash dividend policy is compliant with its articles of association and shareholder resolutions[179]. - The company plans to distribute a cash dividend of RMB 15.00 per 10 shares, totaling approximately RMB 769,316,302.50, which represents 40.97% of the 2024 net profit attributable to shareholders[181]. Financial Performance - The company reported a significant increase in user data and market share, indicating strong demand for its products[5]. - The company achieved total revenue of 17.907 billion yuan, a year-on-year increase of 32.39%, and a net profit attributable to shareholders of 1.878 billion yuan, up 34.29% year-on-year[49]. - The company's operating revenue for 2024 reached ¥17.91 billion, representing a 32.39% increase compared to ¥13.53 billion in 2023[24]. - The net profit attributable to shareholders for 2024 was ¥1.88 billion, up 34.29% from ¥1.40 billion in 2023[24]. - The basic earnings per share for 2024 was ¥3.66, reflecting a 34.07% increase from ¥2.73 in 2023[24]. - The company generated operating cash flow of ¥2.98 billion in 2024, a 15.18% increase from ¥2.59 billion in 2023[24]. - The weighted average return on equity for 2024 was 13.58%, up from 11.07% in 2023[24]. - The company reported a significant increase in performance for the first half of 2024, with a projected revenue growth of 30% year-over-year[129]. Market Expansion and Strategy - The company is focusing on expanding its production capacity and developing new products, particularly in the high-end IC substrate market[5]. - The company is expanding its market presence in overseas regions, targeting new customer segments[5]. - The company is projected to rank 4th globally among PCB manufacturers in terms of revenue in 2024 according to Prismark[35]. - The company aims to enhance its market presence in Southeast Asia, targeting a 30% market share by 2025[125]. - Market expansion plans include entering two new international markets by Q3 2024, targeting a 10% market share in each[124]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million CNY allocated for potential deals[124]. Research and Development - The company invested 7.10% of its revenue in R&D, with significant progress in next-generation communication and data center PCB technologies[57]. - Research and development expenses reached ¥1,272,224,103.81, representing an 18.55% increase compared to ¥1,073,151,863.41 in the previous year, and accounting for 7.10% of operating revenue[79]. - The company is investing 200 million CNY in R&D for new technologies aimed at enhancing product efficiency[124]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 500 million CNY allocated for this purpose[127]. Operational Efficiency and Cost Management - The company is actively advancing digital transformation and process reform to enhance operational management capabilities and reduce costs[58]. - The company aims to reduce production costs by 5% through improved supply chain management[127]. - The company reported a 5% reduction in operational costs due to efficiency improvements[152]. - The company is committed to enhancing its electronic assembly business by focusing on data centers and automotive markets, while also improving its design and value-added service capabilities[115]. Environmental Responsibility - The company has initiated a new strategy focused on sustainability and environmental responsibility in its operations[5]. - The company has reported no major environmental protection issues and complies with relevant environmental laws and standards[192]. - The company has implemented strict pollution control measures, ensuring that all emissions are below the regulatory thresholds[194]. - The company emphasizes the importance of environmental protection and has established a Green Production Committee to manage pollution control effectively[197]. Corporate Governance and Compliance - The company has established an audit committee under the board of directors to oversee internal audits and ensure compliance with financial regulations[184]. - The company maintains effective internal control over financial reporting as of December 31, 2024, according to the internal control audit report[188]. - The company has established and effectively executed governance systems in compliance with relevant laws and regulations[189]. - The company held 3 shareholder meetings during the reporting period, ensuring compliance with legal requirements and facilitating equal rights for shareholders, especially minority investors[137]. Customer Engagement and Satisfaction - Customer satisfaction ratings improved to 90%, indicating a strong positive response to recent service enhancements[126]. - The company aims to enhance its competitive edge by accelerating technology breakthroughs and market development in high-end packaging substrates[118]. - The company is focusing on customer-centric strategies to align with client needs in new markets and product development, particularly in high-end packaging substrates[117].