Financial Performance - The company's operating revenue for 2024 reached ¥616,519,674.06, representing a 28.76% increase from ¥478,823,062.43 in 2023[25]. - The net profit attributable to shareholders for 2024 was ¥86,716,564.59, a 64.41% increase compared to ¥52,743,636.75 in 2023[25]. - The gross profit margin improved to 26.65% in 2024, up from 20.98% in 2023[25]. - The basic earnings per share increased by 60.81% to ¥1.19 in 2024, compared to ¥0.74 in 2023[25]. - The net profit after deducting non-recurring gains and losses surged by 164.70% to ¥82,884,272.82 in 2024 from ¥31,312,227.90 in 2023[25]. - The weighted average return on equity based on net profit attributable to shareholders was 14.80% in 2024, compared to 10.03% in 2023[25]. - The company's operating profit surged by 105.30%, reaching ¥103,499,988.80, compared to ¥50,414,646.40 in the previous year[64]. - The net profit for 2024 was ¥86,694,228.66, a 64.23% increase from ¥52,788,759.33 in 2023, driven by higher revenue and improved gross margins[63][64]. Assets and Liabilities - Total assets increased to ¥784,498,114.31, a growth of 22.22% compared to the end of 2023[27]. - Total liabilities rose significantly to ¥165,560,862.70, marking a 117.78% increase from the previous year[27]. - The company's cash flow from operating activities showed a negative net amount of ¥68,681,925.78, a decline of 147.08% compared to the previous year[27]. - The company's current ratio decreased by 63.09% to 4.37[27]. - The company reported a significant increase in accounts receivable, rising by 62.09% to ¥72,875,867.71, compared to ¥44,960,827.65 in the previous year[58]. - Inventory levels surged by 61.45%, reaching ¥435,125,322.09, up from ¥269,513,486.88 at the end of the previous year[58]. - The company's cash and cash equivalents decreased by 28.41%, totaling ¥58,754,029.58, down from ¥82,073,537.25[58]. Research and Development - The company invested ¥23,784,427.95 in research and development during the reporting period, marking a 32.17% increase compared to the previous year, with a focus on the functional properties of konjac[51]. - The total number of R&D personnel increased from 33 to 78, with the proportion of R&D staff in total employees rising from 6.90% to 12.79%[90]. - The company has completed several R&D projects, including the development of three new tea products aimed at promoting health trends in the tea beverage market[92]. - The company has developed new green processing techniques for konjac beauty products, resulting in three new products and improved market recognition[94]. - Research on the nutritional value of konjac powder has led to the development of six or more new products, enhancing the company's product offerings[95]. Market and Industry - The market for konjac products has a compound annual growth rate (CAGR) of 26% over the past decade, indicating strong growth potential[55]. - The konjac industry is supported by government policies, financial support, and industry guidance to promote standardized and large-scale development[53]. - The company is focusing on both B2B raw materials and B2C food and beauty products to ensure stable growth[56]. - The company aims to enhance the quality of konjac powder and expand its applications, transitioning from a raw material manufacturer to an application service provider[108]. - The konjac industry is experiencing steady growth, driven by increasing consumer demand for healthy food, with expectations for continued market demand due to the unique nutritional value of konjac products[105]. Governance and Compliance - The company has established governance structures to mitigate risks associated with the actual controllers potentially influencing company decisions[112]. - The company is committed to maintaining compliance with the Company Law and Securities Law in its governance practices[192]. - The governance mechanism ensures that all shareholders have appropriate protection and equal rights, with voting procedures compliant with legal requirements[186]. - The company has established a special report on the use of raised funds, ensuring transparency in fund management[191]. - The company has implemented an investor relations management system to enhance communication with existing and potential investors, aiming to protect their rights and maximize shareholder value[194]. Shareholder and Stock Information - The total number of shares held by the top ten shareholders is 55,234,444, accounting for 74.89% of total shares[139]. - The largest shareholder, Wu Ping, holds 19,590,000 shares, representing 26.56% of total shares[139]. - The company has a cash dividend policy that stipulates a minimum of 10% of the distributable profit for the year must be distributed in cash, and at least 30% over three consecutive years[154]. - For the 2023 fiscal year, the company distributed CNY 3.00 per 10 shares to shareholders, based on a total of 72,399,016 shares eligible for distribution[155]. - The company has a total of 610 employees at the end of the reporting period, an increase of 132 employees from the beginning of the period[173]. Risk Management - The company faces risks related to its reliance on konjac powder sales, which may limit flexibility in response to market changes[111]. - The company is exposed to price volatility of raw materials, particularly konjac, which significantly impacts production costs[112]. - The company has implemented measures to mitigate supplier risks by evaluating existing suppliers and establishing a backup supplier resource pool[8]. - The company is actively monitoring foreign exchange market trends and implementing measures to mitigate the impact of exchange rate fluctuations on financial results[113]. - The company has established a comprehensive quality control system, achieving multiple certifications including FSSC22000, HACCP, and ISO9001:2015, ensuring product safety and quality[8].
一致魔芋(839273) - 2024 Q4 - 年度财报