Financial Performance - The total revenue for the year ended December 31, 2024, was RMB 56,516,210 thousand, representing an increase of 12.5% compared to RMB 50,243,726 thousand in 2023[4]. - Gross profit for the same period was RMB 7,716,757 thousand, up from RMB 6,345,091 thousand, indicating a growth of 21.6%[4]. - The net profit attributable to shareholders for 2024 was RMB 1,860,446 thousand, a significant increase of 40% from RMB 1,330,998 thousand in 2023[4]. - The company reported a total comprehensive income of RMB 1,786,640 thousand for 2024, compared to RMB 1,290,942 thousand in the previous year, reflecting a growth of 38.5%[5]. - The basic and diluted earnings per share for 2024 were RMB 0.42, compared to RMB 0.29 in 2023, representing a growth of 44.8%[5]. - The company reported a pre-tax profit of RMB 2,103,786 thousand for 2024, down from RMB 2,519,226 thousand in 2023, representing a decrease of approximately 16.5%[10]. - The company’s joint ventures reported a net income of RMB 121,418 thousand in 2024, compared to RMB 243,114 thousand in 2023[27]. - The company reported a significant increase in trade payables and accrued expenses, with a net increase of RMB 5,165,372 thousand compared to a decrease of RMB 575,518 thousand in 2023[10]. Assets and Liabilities - The total assets as of December 31, 2024, amounted to RMB 126,924,285 thousand, an increase from RMB 113,495,600 thousand in 2023[6]. - The company’s non-current assets totaled RMB 86,623,398 thousand, up from RMB 79,665,123 thousand, marking an increase of 8.7%[6]. - Current liabilities increased to RMB 71,873,940 thousand in 2024 from RMB 63,019,604 thousand in 2023, indicating a rise of 14.5%[7]. - The total liabilities and equity as of December 31, 2024, stand at RMB 40,427,081,000, indicating the company's financial position[8]. - The company’s total liabilities increased to RMB 114,797,204 thousand in 2024 from RMB 103,265,687 thousand in 2023[27]. - The total trade receivables amounted to RMB 32,840,414,000 as of December 31, 2024, compared to RMB 27,225,218,000 in 2023, representing an increase of approximately 20%[62]. - The total amount of notes receivable reached RMB 2,437,112,000 as of December 31, 2024, up from RMB 954,510,000 in 2023, indicating a significant increase of about 155%[62]. Cash Flow and Investments - The company’s cash and cash equivalents decreased to RMB 11,132,904 thousand from RMB 13,693,908 thousand, a decline of 18.6%[6]. - The net cash used in investing activities for the year was RMB 5,724,052 thousand, significantly higher than RMB 1,823,702 thousand in the previous year, indicating an increase of approximately 213.5%[11]. - The net cash inflow from financing activities for the year ended December 31, 2024, was RMB 1,650.28 million, mainly from new bank borrowings of RMB 13,220.69 million[159]. - The net cash flow from operating activities for 2024 was RMB 2,315.85 million, compared to RMB 1,854.04 million in 2023, reflecting a growth of 24.85%[154][155]. Dividends and Shareholder Returns - The company declared a dividend of RMB 422,507,000 for the year 2023, with an additional RMB 99,969,000 attributed to non-controlling interests[8]. - The board proposed a final dividend of RMB 1.4 per 10 shares, totaling RMB 591,113,526.36, subject to shareholder approval at the 2024 annual general meeting[185]. - The company repurchased shares amounting to RMB 442,460,000 during the year, affecting the capital structure[8]. Market and Operational Insights - The company is engaged in the research, development, manufacturing, and sales of wind turbine units and components, as well as providing services related to wind farm construction and asset management[15]. - The company plans to expand its market presence and enhance its service offerings in the wind power sector, focusing on both domestic and international markets[33]. - The company maintained a domestic wind power new installed capacity of 18.67 GW in 2024, capturing a market share of 22%, ranking first in the country for 14 consecutive years; globally, it achieved a new installed capacity of 19.3 GW, with a market share of 15.9%, ranking first for three consecutive years[106]. - The company is actively pursuing green and low-carbon development strategies in line with national policies aimed at achieving carbon neutrality by 2035[85]. Research and Development - The company’s R&D team consists of over 3,000 experienced professionals, continuously driving innovation and enhancing core competitiveness[101]. - The company launched the new wind resource assessment software "Wind Artisan 3.0," which received the first DNV certification in the country[112]. - The company is actively exploring new business areas such as mixed towers, energy storage, and carbon management, aiming to expand the boundaries of wind energy resource development[103]. Compliance and Governance - The company has complied with all applicable provisions of the Corporate Governance Code as of December 31, 2024[187]. - The company’s audit committee approved the annual performance for 2024, confirming the financial statements for the year[199].
金风科技(02208) - 2024 - 年度业绩