豪迈科技(002595) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 reached ¥8,813,372,089.39, representing a 22.99% increase compared to ¥7,165,808,678.09 in 2023[16] - Net profit attributable to shareholders for 2024 was ¥2,011,422,999.24, up 24.77% from ¥1,612,088,152.00 in the previous year[16] - The net profit after deducting non-recurring gains and losses was ¥1,886,618,876.58, reflecting a 20.50% increase from ¥1,565,612,592.47 in 2023[16] - The company's total assets increased by 17.80% to ¥11,678,333,832.19 at the end of 2024, compared to ¥9,913,603,329.40 at the end of 2023[16] - The net assets attributable to shareholders rose by 14.70% to ¥9,879,142,889.71 at the end of 2024, up from ¥8,612,993,968.39 in 2023[16] - Basic earnings per share for 2024 were ¥2.5302, a 24.61% increase from ¥2.0305 in 2023[16] - The weighted average return on equity for 2024 was 21.44%, compared to 20.22% in the previous year, marking a 1.22% increase[16] - The net cash flow from operating activities decreased by 29.01% to ¥1,139,332,503.40 in 2024, down from ¥1,604,903,342.76 in 2023[16] Market Trends and Industry Outlook - The global gas turbine market is projected to grow by 15% in 2024, with total orders expected to exceed 50 GW, indicating a robust demand for energy-related products[25] - The wind power sector is anticipated to add 136 GW of new capacity globally in 2024, representing a 25% year-on-year increase, which will positively impact the company's market position[27] - The domestic wind power industry in China is expected to see new orders reach 180 GW in 2024, a significant 83% increase compared to the previous year, highlighting strong market growth[27] - The machine tool industry is projected to see a 25% increase in investment by 2027, reflecting government support for equipment upgrades and modernization[28] Product and Technology Development - The company launched new technologies and products, including energy-efficient molds and electric heating vulcanizing machines, contributing to sustainable development goals[33] - The company is positioned to benefit from the rapid development of sectors such as new energy vehicles and artificial intelligence, which are driving demand for high-performance machine tools[31] - The company has established long-term strategic partnerships with major global firms such as GE, Mitsubishi, and Siemens, enhancing its market position[35] - The company has a comprehensive service system that provides one-stop solutions from raw casting to finished products in the large component machinery sector[35] Research and Development - The company holds over 340 invention patents, emphasizing its commitment to research and development innovation[37] - Research and development expenses increased by 30.19% to ¥463,136,103.80 compared to the previous year[54] - The number of R&D personnel increased to 1,521 in 2024, a rise of 16.64% from 1,304 in 2023[57] - R&D expenditure reached ¥467,033,883.09 in 2024, reflecting a growth of 30.03% compared to ¥359,164,738.25 in 2023[57] Corporate Governance and Management - The company has a well-defined corporate governance structure, including a shareholders' meeting, board of directors, and supervisory board[101] - The company has established a governance structure that complies with relevant laws and regulations, ensuring no significant discrepancies with regulatory requirements[95] - The company has a dedicated team of senior management who are not involved in other competing businesses, ensuring focused leadership[98] - The company emphasizes high-quality information disclosure and aims to enhance investor satisfaction through good performance and governance practices[92] Environmental and Social Responsibility - The company adheres to various environmental protection policies and standards, promoting energy conservation and green development[159] - The company has established a comprehensive environmental management system and has received ISO14001 and ISO50001 certifications, promoting green manufacturing and energy conservation[181] - The company actively participates in social welfare initiatives, adhering to the philosophy of "sharing development results" and promoting collaborative innovation within the industry[182] - The company has been recognized as a national-level green factory and a national clean production demonstration enterprise, leading the industry in green manufacturing standards[181] Risks and Challenges - The company faces risks including economic environment risk, exchange rate fluctuation risk, market competition risk, and raw material price fluctuation risk[3] - The company is exposed to foreign exchange risks due to its high export sales revenue, which could affect profitability; it plans to engage in hedging activities to manage this risk[85] - The company is addressing raw material price volatility risks by upgrading equipment and improving management to control production costs[88] Shareholder Engagement and Dividends - The company plans to distribute a cash dividend of ¥4.00 per 10 shares (including tax) to all shareholders based on a total share capital of 798,558,800 shares[3] - The company distributed a cash dividend of 6.25 CNY per 10 shares for the 2023 annual profit distribution, totaling 499,099,250 CNY[141] - The total cash dividend for the year 2024 is projected to be 618,883,070.00 CNY, with no share buybacks planned[145] Financial Audits and Compliance - The company has retained the accounting firm Xinyong Zhonghe for the 2024 audit, with a total remuneration of 600,000 RMB, including 500,000 RMB for annual audit services and 100,000 RMB for internal control audit services[192] - The internal control audit report issued a standard unqualified opinion, confirming effective internal control over financial reporting as of December 31, 2024[155] - The company has not faced any administrative penalties related to environmental issues during the reporting period[174]