STL(002648)2025-03-24 10:30Financial Performance - The company's operating revenue for 2024 reached ¥45,648,350,054.60, representing a 10.03% increase compared to ¥41,486,922,120.31 in 2023[20] - The net profit attributable to shareholders for 2024 was ¥6,071,835,708.47, a 26.77% increase from ¥4,789,491,448.24 in 2023[20] - The net profit excluding non-recurring gains and losses was ¥6,048,106,001.69, up 29.45% from ¥4,672,247,568.47 in the previous year[20] - Cash flow from operating activities increased by 32.44% to ¥10,590,386,556.71 from ¥7,996,401,776.66 in 2023[20] - Basic earnings per share for 2024 were ¥1.80, a 26.76% increase from ¥1.42 in 2023[20] - The weighted average return on equity rose to 21.87%, up from 19.69% in the previous year[20] - Total assets increased by 5.77% to CNY 68.31 billion at the end of 2024 compared to CNY 64.58 billion at the end of 2023[21] - Net assets attributable to shareholders rose by 18.93% to CNY 30.29 billion at the end of 2024 from CNY 25.46 billion at the end of 2023[21] - The company reported a total of CNY 23.73 million in non-recurring gains for 2024, a decrease from CNY 117.24 million in 2023[25] - The company achieved a production capacity of 100,000 tons for ethanolamine, with market shares exceeding 20% for both ethanolamine and polyether monomers[46] Dividend and Shareholder Information - The company plans to distribute a cash dividend of ¥5 per 10 shares, based on a total of 3,368,645,690 shares[3] - The company plans to distribute a cash dividend of 5.00 yuan per 10 shares, totaling 1,684,322,845.00 yuan, which represents 100% of the distributable profit[134] - The company has a total of 3,368,645,690 shares as the basis for the dividend distribution[134] Research and Development - The company invested 10 billion RMB in R&D and established a global "1+N" innovation platform for chemical new materials[42] - The company’s R&D investment reached 1.75 billion yuan, a year-on-year increase of 7.7%, with an R&D expense ratio of 3.8%[49] - Research and development expenses increased by 7.69% to ¥1,751,012,508.80 in 2024, up from ¥1,626,008,263.73 in 2023[65] - The total number of global patents exceeded 500, with over 100 patents in catalysts and new materials[49] Environmental Compliance and Sustainability - The company has committed to legal and compliant pollutant discharge practices throughout the reporting period[154] - The company has implemented pollution control measures in compliance with the "Petrochemical Industry Pollutant Emission Standards" (GB 31571-2015)[155] - The company is actively monitoring and managing its emissions to align with national environmental standards[155] - The company has implemented advanced emission control technologies, including SCR for nitrogen oxides reduction, achieving NOx levels below 100 mg/m³[162] - The company has constructed 22 sets of waste gas treatment facilities, including 14 process waste gas treatment systems and 2 sewage station odor treatment systems[165] - The company has implemented environmental impact assessments for all construction projects related to pollution control facilities[167] Governance and Management - The company emphasizes a strategy of innovation-driven development, targeting sectors such as artificial intelligence, new energy vehicles, and photovoltaic new materials[87] - The company has established a comprehensive employee performance evaluation and incentive mechanism, enhancing management motivation and talent retention[97] - The company operates independently in business, personnel, assets, institutions, and finance, with no interference from controlling shareholders[100] - The company has a clear asset ownership structure, with all assets independently owned and used, ensuring no asset occupation by controlling shareholders[101] - The company maintains an independent financial department with a separate accounting system and bank accounts, ensuring no shared financial resources with controlling shareholders[102] Community Engagement and Social Responsibility - The satellite charity foundation conducted over 50 activities in 2024, with donations exceeding 21 million yuan, representing a year-on-year growth of over 640%[173] - The company donated 2 million yuan worth of medical equipment to Jiaxing First Hospital to improve medical service quality[176] - The company established "common prosperity workshops" and "common prosperity factories" at its Jiaxing and Pinghu bases to provide job opportunities for local surplus labor[178] - The company actively supports rural revitalization through agricultural technology promotion, donating 200,000 yuan for this purpose[175] Operational Efficiency and Market Strategy - The company plans to continue leveraging market opportunities to meet the growing diverse demands of downstream markets[48] - The company is focused on expanding its market presence and enhancing product development strategies[120] - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by 2025[112] - A strategic acquisition of a local competitor is anticipated to enhance operational capabilities and increase market penetration[112] Risk Management - The company is aware of risks related to macroeconomic fluctuations and will adjust its business model accordingly to mitigate these risks[88] - The company is exposed to raw material price fluctuations due to oil and gas price volatility and will implement hedging strategies to manage these risks[88] Employee Development - The company has implemented a leadership development plan covering over 300 participants across various management levels[131] - A total of 34,029 employees participated in the skills competition, fostering a strong learning atmosphere[132] - The company has a stock incentive plan where 79 individuals can unlock 145,920 shares, accounting for 0.0433% of the total shares[138] - The employee stock ownership plan includes 210 employees holding 9,488,644 shares, representing 0.28% of the total shares[142]