Accotest(688200)2025-03-13 10:35Financial Performance - The company's operating revenue for 2024 reached ¥905.35 million, representing a 31.05% increase compared to ¥690.86 million in 2023[21]. - Net profit attributable to shareholders for 2024 was ¥333.91 million, a 32.69% increase from ¥251.65 million in 2023[21]. - The net profit after deducting non-recurring gains and losses for 2024 was ¥340.05 million, a 34.35% increase from ¥253.11 million in 2023[21]. - The company's total assets as of the end of 2024 were ¥3.81 billion, a 9.84% increase from ¥3.47 billion in 2023[21]. - The weighted average return on equity rose to 9.69% in 2024, an increase of 1.89 percentage points from 7.80% in 2023[22]. - Basic earnings per share for 2024 increased to ¥2.47, up 32.80% from ¥1.86 in 2023[22]. - The net cash flow from operating activities decreased by 41.49% to ¥188.10 million from ¥321.49 million in 2023[21]. - Operating costs increased to ¥241,641,573.91, up 21.42% compared to the previous year, primarily due to revenue growth[73]. Research and Development - Research and development expenses accounted for 19.04% of operating revenue in 2024, slightly down from 19.10% in 2023[22]. - The company invested ¥172,368,197.98 in R&D, a 30.60% increase compared to the previous year, accounting for 19.04% of total revenue[34]. - The company has applied for a total of 397 intellectual property rights, with 249 already authorized[34]. - The company has applied for 54 invention patents during the reporting period, with a total of 397 intellectual property rights accumulated[55]. - The company has a strong emphasis on quality management, particularly in R&D quality management, led by the quality department manager since 2017[131]. - The company has expanded its R&D capabilities by focusing on critical and future technology reserves, including impedance measurement and advanced testing techniques[131]. Market and Competitive Position - The global semiconductor sales reached a historical high of 186.5 billion in 2024, with a year-on-year growth of 20.1%[30]. - The semiconductor testing equipment market is expected to grow by 7.4%, reaching $6.7 billion in 2024[31]. - The company has established itself as a leading domestic supplier in the semiconductor testing equipment sector, breaking the monopoly of foreign manufacturers in the analog and mixed-signal testing fields[49]. - The company is actively expanding into international markets and new application testing fields, which poses risks if progress is not achieved[68]. Corporate Governance and Shareholder Relations - The company has established a governance structure consisting of the shareholders' meeting, board of directors, supervisory board, and management team, complying with relevant laws and regulations[122]. - The company held three shareholder meetings in 2024, all of which passed resolutions without any dissenting votes[122]. - The company has not reported any significant issues regarding independence from its controlling shareholders[122]. - The company emphasizes investor relations management, having established multiple internal regulations to ensure accurate and timely information disclosure[199]. - The designated website for information disclosure is the Shanghai Stock Exchange, ensuring fair access to information for all shareholders[199]. Dividend Policy - The company plans to distribute a cash dividend of 7.50 RMB per 10 shares, totaling approximately 101.45 million RMB, which represents 30.38% of the net profit attributable to shareholders for 2024[7]. - The company has a cash dividend policy that mandates a minimum distribution of 10% of the distributable profit in profitable years, with higher percentages based on the company's development stage and capital expenditure plans[152]. - The board of directors has approved the 2024 profit distribution plan, which is subject to shareholder approval at the annual general meeting[153]. - The company’s cash dividend for the most recent accounting year was 132,558,060.46 RMB, accounting for 39.70% of the net profit attributable to shareholders[156]. Employee and Talent Management - The total number of employees reached 780, with 379 in R&D, accounting for 48.59%, a year-on-year increase of 39.85%[37]. - The company focuses on talent acquisition and development, with a strategic emphasis on building a high-quality, professional workforce to support long-term growth[37]. - The company has established a remuneration management system for core technical personnel, with annual evaluations and adjustments based on positions and levels[135]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 20.36 million RMB[135]. Environmental and Social Responsibility - The company is committed to ESG principles, aiming to enhance corporate governance and promote environmental protection[174]. - The company has invested in green production technologies to minimize environmental impact and improve production efficiency[180]. - The company reported a carbon dioxide emission of 1,491.83 tons for the year 2024, marking its first comprehensive assessment of its emissions[179]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[178]. Strategic Initiatives - The company aims to enhance its market share by increasing investment in technology innovation and R&D, focusing on new applications and products[109]. - The company is constructing a second production line in Malaysia to enhance production efficiency and capacity, responding to local resource and market demands[113]. - The company has implemented a comprehensive quality control system and has received certifications for quality, environment, and occupational health and safety[115]. - The company is committed to sustainable supply chain development, evaluating suppliers based on product quality, delivery timeliness, pricing, and social responsibility[113].