Warom Incorporated(603855)2025-03-27 09:05Financial Performance - The company's operating revenue for 2024 reached ¥3,964,418,803.33, representing a 24.01% increase compared to ¥3,196,944,264.33 in 2023[22]. - The net profit attributable to shareholders for 2024 was ¥462,276,218.49, a slight increase of 0.26% from ¥461,082,030.17 in 2023[22]. - The cash flow from operating activities for 2024 was ¥536,286,552.12, showing a decrease of 14.46% compared to ¥626,978,249.21 in 2023[22]. - The total assets of the company at the end of 2024 were ¥5,245,806,588.15, which is a 14.29% increase from ¥4,589,931,348.45 at the end of 2023[22]. - The net assets attributable to shareholders increased by 9.27% to ¥2,119,474,854.81 at the end of 2024, up from ¥1,939,644,437.58 in 2023[22]. - The basic earnings per share for 2024 were ¥1.37, a decrease of 1.44% from ¥1.39 in 2023[23]. - The weighted average return on equity for 2024 was 23.25%, down 1.40 percentage points from 24.65% in 2023[23]. Revenue Breakdown - The company achieved operating revenue of 3.964 billion RMB in the reporting period, representing a year-on-year growth of 24.0%[30]. - Net profit attributable to shareholders was 462 million RMB, a slight increase of 0.3% year-on-year, while net profit excluding non-recurring gains and losses decreased by 1.0% to 448 million RMB[30]. - The explosion-proof business segment showed steady growth, with significant demand in emerging markets such as grain and oil medicine, military nuclear power, and intelligent safety control systems[30]. - Revenue from the intelligent safety system reached 362 million RMB, a year-on-year increase of over 72%[31]. - The international business segment achieved a record revenue of 944 million RMB, growing by 35% year-on-year, benefiting from the establishment of overseas operational centers[31]. - The professional lighting segment generated revenue of 279 million RMB, reflecting a year-on-year growth of 3.6% despite industry challenges[34]. - The new energy segment reported a substantial revenue increase of 314.7%, totaling 1.107 billion RMB, becoming a key driver of overall revenue growth[35]. Cost and Expenses - The company's operating costs increased by 44.18%, reaching 2,111,725,231.04 RMB, which was higher than the revenue growth rate due to the lower gross margin of the new energy EPC business[51]. - Research and development expenses rose by 52.08% to 215,507,254.72 RMB, reflecting increased investment in technology and design[51]. Strategic Initiatives - The company plans to enhance competitiveness through product line expansion, quality optimization, and innovation in the professional lighting segment[34]. - The company is actively diversifying its business by expanding into new energy EPC and professional lighting industries, despite a decline in traditional oil and gas demand[37]. - The company is focusing on expanding into emerging markets such as food, medicine, and military industries to establish a competitive advantage[69]. - The company plans to accelerate its transformation into an intelligent service provider by upgrading its safety and engineering intelligent systems[70]. - The company aims to deepen its global layout by enhancing localized marketing and service systems in Europe, Central Asia, and Southeast Asia[72]. Governance and Compliance - The company has maintained independence from its controlling shareholders and actual controllers, with no significant changes in competition or business operations[94]. - The company’s governance structure complies with relevant laws and regulations, ensuring the legality and validity of the voting results in the shareholders' meetings[97]. - The company has established specialized committees, including the Audit Committee and the Compensation and Assessment Committee, to enhance governance[107]. - The company has not reported any significant changes in the business operations of its controlling shareholders that would affect its independence[94]. Environmental and Social Responsibility - The company is committed to sustainable development, having achieved various certifications, including TfS sustainable development certification[42]. - The company invested 67.79 million yuan in environmental protection during the reporting period[133]. - The company reduced carbon emissions by 222.22 tons through measures such as photovoltaic power generation[135]. - The company has committed to ensuring that any related party transactions will adhere strictly to market fairness principles[140]. Shareholder Information - The total remuneration for the board members and senior management during the reporting period amounted to 1,053.31 million yuan[98]. - The cumulative cash dividend amount over the last three fiscal years reached 1,005,992,000.00 RMB, with an average annual net profit of 427,179,774.64 RMB, resulting in a cash dividend ratio of 235.50%[125]. - The company has approved the issuance of 10 shares as a stock dividend and a cash dividend of 10 RMB per share, including tax[122]. - The company has retained 907,988,566.84 RMB in undistributed profits at the end of the last fiscal year[125].