DAHAO TECHNOLOGY(603025)2025-03-20 10:35Financial Performance - In 2024, the company's operating revenue reached CNY 2,528,884,785.79, representing a 24.42% increase compared to CNY 2,032,519,151.50 in 2023[24]. - The net profit attributable to shareholders was CNY 584,253,941.44, marking a 44.08% increase from CNY 405,496,187.74 in the previous year[24]. - The basic earnings per share increased to CNY 0.53, up 43.24% from CNY 0.37 in 2023[26]. - The company's total assets grew by 12.12% to CNY 4,412,490,463.83 from CNY 3,935,606,150.87 in 2023[25]. - The cash flow from operating activities decreased by 31.52% to CNY 227,388,890.46 from CNY 332,052,664.72 in 2023[24]. - The weighted average return on equity increased to 25.89%, up from 19.01% in 2023[26]. - The company reported a net asset attributable to shareholders of CNY 2,386,298,458.03, a 10.56% increase from CNY 2,158,289,443.54 in 2023[25]. - The company achieved a total revenue of 2.53 billion RMB in 2024, representing a year-over-year growth of 24.42% compared to 2023[68]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 586 million RMB, reflecting a significant increase of 47.76% year-over-year[68]. Dividend Distribution - The company plans to distribute a cash dividend of 3.5 RMB per 10 shares, totaling approximately 388.21 million RMB, pending approval at the 2024 annual shareholders' meeting[7]. - The cash dividend for the most recent fiscal year represents 66.45% of the net profit attributable to ordinary shareholders, which was 584,253,941.44 RMB[160]. - Over the last three fiscal years, the cumulative cash dividend paid was 905,830,264.65 RMB, with an average net profit of 474,983,979.41 RMB, resulting in a cash dividend ratio of 190.71%[162]. - The company has established a cash dividend policy, committing to distribute no less than 30% of the annual distributable profits in cash from 2024 to 2026[156]. - In 2023, the company distributed a cash dividend of 0.2 RMB per share, totaling 184,866,662.20 RMB, and issued 184,866,662 shares as stock dividends[156]. - For the 2023 profit distribution plan, the company will pay a cash dividend of 3 RMB for every 10 shares, amounting to 332,752,431.90 RMB[157]. Technological Development - The company emphasizes its commitment to independent control over core technologies, ensuring full control over product development and upgrades[14]. - The company has developed an automatic bottom line change system with complete independent intellectual property rights, showcasing its technological leadership[14]. - The company is actively involved in the development of industrial internet technologies to optimize production and business models[14]. - The company achieved a significant breakthrough in multi-axis servo drivers, enabling real-time synchronous control of new ultra-high-speed embroidery machines, enhancing performance and control[34]. - The company has developed a comprehensive hardware platform ecosystem in the cybersecurity field, covering X86, ARM architectures, and domestic processors, enhancing its market offerings[36]. - The company is actively integrating machine vision and artificial intelligence into its smart factory solutions, enhancing product offerings[57]. Market Expansion and Strategy - The company plans to accelerate its global expansion and strengthen its market leadership in the intelligent equipment sector[33]. - The company aims to enhance its product offerings and technological capabilities to meet evolving customer demands[33]. - The company is focused on optimizing technology research and development to enhance product competitiveness in response to market demands[50]. - The company plans to expand its market presence through new product iterations and upgrades, particularly in the sewing and knitting sectors[71]. - The company is actively pursuing new market opportunities arising from the accelerated transfer of manufacturing industries and equipment updates[95]. - The company plans to enhance its digital marketing efforts, targeting a 40% increase in online sales channels by the end of 2025[130]. Risk Management - The company reported no significant risks that could materially affect its operations during the reporting period, including international market fluctuations and industry cyclicality[9]. - The company has outlined potential risks in its management discussion, including operational performance volatility due to various external factors[9]. - The company faces risks related to international market fluctuations and the cyclical nature of the textile machinery industry, which could impact sales[105]. Corporate Governance - The board of directors consists of 9 members, including 3 independent directors, and held 7 meetings during the reporting period[111]. - The supervisory board has 3 members and conducted 3 meetings, ensuring compliance and effective supervision of major transactions[113]. - The company has established a comprehensive performance management and compensation system, linking performance evaluation results to salary increases and promotions[115]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate reporting to all shareholders[116]. - The company actively maintains investor relations through various communication channels, enhancing transparency and stakeholder engagement[117]. Social Responsibility and Sustainability - The company emphasizes social responsibility, integrating it into business operations and committing to sustainable development practices[120]. - The company has received ISO14001:2015 environmental management system certification and has established various environmental management procedures[173]. - The company has implemented measures to reduce wastewater discharge and has no industrial wastewater emissions, managing domestic sewage according to local environmental requirements[177]. - The company has engaged third-party qualified testing companies to monitor pollutant emissions, ensuring compliance with environmental standards[182]. - The company has maintained a long-term commitment to social responsibility, publishing sustainability reports since 2021[185]. Employee Development - The company conducted a total of 151 training sessions for R&D personnel, accumulating 922 hours of training, indicating a strong focus on employee development[152]. - The company has established a leadership training program for middle management, utilizing industry experts to enhance management skills[152]. - The company is focused on retaining core talent through competitive and equitable compensation practices[151].