BOMESC(603727)2025-03-20 09:00Financial Performance - The company achieved a consolidated net profit of RMB 100.55 million for the year 2024, with a net profit attributable to shareholders of RMB 100.55 million[7]. - The cumulative distributable profit as of December 31, 2024, was RMB 757.24 million for the consolidated entity and RMB 296.79 million for the parent company[7]. - The company reported a revenue of RMB 2,640,233,766.81 for 2024, representing a 46.76% increase compared to RMB 1,798,989,438.91 in 2023[25]. - The net profit attributable to shareholders was RMB 100,545,509.98 in 2024, a significant recovery from a loss of RMB 75,476,960.79 in 2023[25]. - The basic earnings per share (EPS) for 2024 was RMB 0.36, compared to a loss of RMB 0.27 per share in 2023[25]. - The company achieved a weighted average return on equity of 3.12% in 2024, an increase of 5.43 percentage points from -2.31% in 2023[25]. - The total assets increased by 13.15% to RMB 5,431,539,736.87 at the end of 2024, up from RMB 4,800,175,684.87 in 2023[25]. - The company achieved operating revenue of CNY 2,640,233,766.81 in 2024, a year-on-year increase of 46.76% compared to 2023[65]. - Net profit attributable to shareholders reached CNY 100,545,500, an increase of CNY 17,602,250 compared to the previous year[63]. - Operating costs increased to CNY 2,211,677,903.17, reflecting a 34.31% rise year-on-year, primarily due to increased revenue[66]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 2.50 per 10 shares (tax included) to all shareholders, with no stock dividends or capital reserve transfers planned[7]. - The company has maintained a cash dividend policy for 8 consecutive years and plans to continue this practice in 2024, reflecting its commitment to returning value to investors[42]. - The company plans to distribute a cash dividend of RMB 2.50 per 10 shares to all shareholders, totaling a distribution of RMB 18.34 million based on the current share capital[185]. Risk Management and Compliance - The company has detailed potential risks in its management discussion and analysis section, emphasizing the importance of investor awareness regarding investment risks[10]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[10]. - The company has not violated decision-making procedures for providing guarantees to external parties[10]. - The company has not faced any significant discrepancies in governance compared to regulatory requirements[153]. - The company has maintained compliance with all relevant laws and regulations regarding information disclosure and corporate governance[153]. Audit and Governance - The company’s financial report has been audited by Rongcheng Accounting Firm, which issued a standard unqualified audit opinion[6]. - The company has confirmed that all board members attended the board meeting, ensuring accountability for the report's accuracy[5]. - The company has no instances of more than half of the directors being unable to guarantee the authenticity, accuracy, and completeness of the annual report[10]. - The independent directors did not raise any objections during board meetings throughout the reporting period[151]. - The company held 7 supervisory board meetings during the reporting period, reviewing 23 proposals including the 2023 annual report and the 2024 quarterly reports[149]. Operational Performance and Projects - The company secured a new FPSO project order with a contract value between RMB 750 million and RMB 1 billion, marking a significant expansion into the Suriname market[36]. - The company’s fundraising projects were completed on schedule in October 2024, with the remaining funds permanently supplementing working capital[23]. - The company successfully completed various quality and safety management certifications, enhancing its operational capabilities[37]. - The FPSO UARU Topside project achieved a milestone of 4 million safe working hours without loss, indicating strong operational performance[38]. - The company achieved a milestone of 1 million safe man-hours without loss in the Middle East offshore platform living quarters project[39]. Research and Development - The company has a total of 274 authorized patents, including 72 invention patents and 202 utility model patents, as of December 31, 2024[59]. - The company’s R&D investment for 2024 totaled CNY 118.90 million, focusing on enhancing product design and development capabilities[89]. - Research and development expenses rose to CNY 118,902,847.46, a 13.14% increase from the previous year, indicating a focus on innovation[66]. - R&D investment accounted for 4.50% of total operating revenue, reflecting the company's commitment to technological advancement[85]. Market Strategy and Expansion - The company is focusing on the Middle East market for LNG projects, leveraging its engineering performance and unique competitive advantages to enhance operational results[49]. - The company is focused on expanding its market presence in South America and the Middle East, actively pursuing high-quality project orders[57]. - The company aims to deepen its focus on the liquefied natural gas market, leveraging its experience with nearly 30 FPSO and FLNG upper module construction projects to secure quality orders[127]. - The company is exploring potential acquisitions to further strengthen its market position, with a budget of 300 million RMB allocated for this purpose[159]. Social Responsibility and Environmental Impact - The company is committed to social responsibility, donating 3.3 million yuan for school dormitory renovations and supporting 360 students through its scholarship program[45]. - The company invested ¥920.98 million in environmental protection during the reporting period[196]. - The company was identified as a key pollutant discharge unit by the Tianjin Ecological Environment Bureau for 2024[197]. Employee and Management - The total number of employees in the company and its main subsidiaries is 1,337, with 981 being technical personnel[180]. - The company has implemented a comprehensive training program aimed at enhancing employee skills and supporting sustainable development[182]. - The company has established a competitive compensation policy to attract and retain talent, aligning with its strategic goals[181]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 13.907 million yuan[166].