HAITIAN INT'L(01882)2025-03-17 13:42Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue reached RMB 16,128.3 million, representing a 23.4% increase compared to RMB 13,069.3 million in 2023[2]. - The gross profit for the same period was RMB 5,235.8 million, with a gross margin of 32.5%, up from 32.1% in 2023[4]. - The profit attributable to shareholders was RMB 3,080.3 million, reflecting a growth of 23.6% from RMB 2,491.5 million in the previous year[4]. - Basic earnings per share increased to RMB 1.93, a rise of 23.7% compared to RMB 1.56 in 2023[4]. - The net profit margin for the fiscal year was maintained at 19.1%, consistent with the previous year[4]. - The total comprehensive income for the year was RMB 2,985.3 million, compared to RMB 2,576.99 million in 2023[7]. - The company's net profit for the year was RMB 3,080,332 thousand, compared to RMB 2,491,528 thousand in 2023, reflecting a growth of 23.66%[12]. - Operating profit for the year 2024 was RMB 3,080,332 thousand, an increase of 23.6% compared to RMB 2,491,528 thousand in 2023[31]. - The company's net profit attributable to shareholders for 2024 reached approximately RMB 3,080.3 million, reflecting a growth of 23.6% compared to the previous year[60]. Dividends - The board declared a second interim dividend of HKD 0.73 per share, up from HKD 0.66 per share in 2023, marking a 10.6% increase[4]. - The board declared a second interim dividend of HKD 0.73 per share for the fiscal year, compared to HKD 0.66 per share in 2023[42]. - The board has declared a second interim dividend of HKD 0.73 per share for the year ending December 31, 2024, compared to HKD 0.66 per share in 2023, totaling approximately RMB 1,074.69 million[69]. Assets and Liabilities - Total assets increased to RMB 31,145,511 thousand in 2024 from RMB 29,093,858 thousand in 2023, representing a growth of 7.06%[9]. - Total liabilities amounted to RMB 10,276,036 thousand in 2024, slightly up from RMB 10,251,578 thousand in 2023, a marginal increase of 0.24%[10]. - The company's retained earnings reached RMB 17,017,154 thousand in 2024, compared to RMB 14,949,403 thousand in 2023, showing an increase of 13.83%[12]. - The total equity value increased to RMB 20,869,475 thousand in 2024 from RMB 18,842,280 thousand in 2023, a growth of 10.76%[12]. - Trade payables and notes payable totaled RMB 4,576,533 thousand as of December 31, 2024, compared to RMB 4,023,120 thousand in 2023, indicating an increase in liabilities[38]. Cash Flow and Financing - Cash and cash equivalents decreased to RMB 2,745,387 thousand at the end of 2024 from RMB 5,445,649 thousand at the end of 2023, a decline of 49.67%[13]. - Operating cash flow net amount was RMB 2,101,403 thousand in 2024, compared to RMB 2,012,591 thousand in 2023, an increase of 4.41%[13]. - The company reported a net financing income of RMB 173.4 million, down from RMB 234.1 million in the previous year[6]. - The company reported a net interest expense of RMB 61,295 thousand in 2024, down from RMB 73,936 thousand in 2023, a reduction of 17.2%[28]. - The net financing income for 2024 was approximately RMB 173.4 million, a decrease from RMB 234.1 million in 2023, attributed to lower interest income and foreign exchange losses[57]. Sales and Market Performance - The sales revenue of injection molding machines and related products for 2024 was RMB 16,128,328, an increase of 23.5% from RMB 13,069,307 in 2023[24]. - Sales from mainland China amounted to RMB 10,112,300 in 2024, up from RMB 7,916,831 in 2023, representing a growth of 27.5%[24]. - Domestic sales amounted to approximately RMB 10,112.3 million, a year-on-year increase of 27.7%, while overseas sales reached RMB 6,016.0 million, up 16.8%[43][45]. - Injection molding machine sales increased by 23.8% to approximately RMB 15,405.1 million, while parts and services sales rose by 16.2% to approximately RMB 723.2 million[46]. - The total revenue from external customers in 2024 was RMB 16,128,328, with a significant contribution from both domestic and international markets[24]. Investments and Expenditures - The company reported a net cash outflow from investing activities of RMB 3,079,675 thousand in 2024, compared to RMB 701,957 thousand in 2023, indicating a significant increase in investment expenditures[13]. - Capital expenditures for 2024 were RMB 1,056,634 thousand, a decrease of 10.1% from RMB 1,175,872 thousand in 2023[34]. - The company has a capital commitment of RMB 766,473 thousand for property, plant, and equipment as of December 31, 2024, down from RMB 1,066,225 thousand in 2023[38]. Corporate Governance and Compliance - The company has committed to maintaining high standards of corporate governance and has complied with applicable codes[74]. - The audit committee has reviewed the group's financial reporting procedures and internal controls for the year ending December 31, 2024[75]. - The company has adopted a standard code of conduct for securities trading by directors, ensuring compliance during the reporting period[76]. - The annual performance figures for the year ending December 31, 2024, have been verified by Ernst & Young, ensuring consistency with the audited consolidated financial statements[77]. - The company and its subsidiaries did not engage in any purchases, sales, or redemptions of the company's listed securities during the reporting period[78]. Future Outlook - The company anticipates continued economic growth in 2025, particularly in developing economies benefiting from manufacturing supply chain restructuring[47]. - The company plans to leverage technological innovation and green transformation as new drivers of economic growth[47]. - The company aims to deepen its global investment layout, with new factories in Japan and Serbia expected to be operational by 2025[51]. - The company will continue to implement a strategy of standardized production of components while meeting personalized customer needs[52].