IKD(600933)2025-03-30 08:00Financial Performance - The company achieved an annual revenue of 6.746 billion yuan, representing a year-on-year growth of 13.24%[3]. - The net profit attributable to shareholders reached 940 million yuan, with a year-on-year increase of 2.86%[3]. - The company's operating revenue for 2024 reached ¥6,746,046,655.82, representing a 13.24% increase compared to ¥5,957,276,979.49 in 2023[31]. - The net profit attributable to shareholders for 2024 was ¥939,510,193.72, a 2.86% increase from ¥913,400,086.73 in 2023[31]. - The net assets attributable to shareholders increased by 30.13% to ¥8,235,218,623.42 at the end of 2024, compared to ¥6,328,363,985.58 at the end of 2023[31]. - The total assets grew by 23.53% to ¥14,274,215,359.32 at the end of 2024, up from ¥11,555,289,914.24 at the end of 2023[31]. - The basic earnings per share for 2024 was ¥0.98, a decrease of 4.85% from ¥1.03 in 2023[32]. - The diluted earnings per share increased by 2.15% to ¥0.95 in 2024, compared to ¥0.93 in 2023[32]. - The cash flow from operating activities net amount for 2024 was ¥1,708,759,381.59, a 30.83% increase from ¥1,306,135,337.59 in 2023[31]. - The weighted average return on equity decreased by 3.01 percentage points to 11.98% in 2024, down from 14.99% in 2023[32]. - The net profit after deducting non-recurring gains and losses for 2024 was ¥879,184,244.85, a slight increase of 0.40% from ¥875,639,357.92 in 2023[31]. Production and Technology - The company successfully launched its 500,000th five-in-one electric drive housing, enhancing its mass production capacity for products over 3000T[3]. - The company’s 48V project has achieved internalization of the electrophoretic process, strengthening its internal technology chain and core process autonomy[3]. - The company is focusing on digital transformation and has implemented a new performance management system to foster a high-performance culture[4]. - The company is advancing magnesium alloy die-casting technology as a key direction for future development in automotive lightweighting and robotics[43]. - Significant breakthroughs in key manufacturing technologies include the application of semi-solid die casting and vacuum brazing in the production of components for new energy vehicles, improving product performance and market competitiveness[106]. - The company has implemented advanced imported die-casting equipment and CNC machining centers, which enhance product quality while reducing energy consumption[179]. Market Expansion and Strategy - The company plans to continue expanding its market presence and invest in new technologies to enhance its product offerings[1]. - The company’s overseas production bases, including the Malaysia and Mexico factories, have been completed and are operational, supporting its global capacity collaboration[4]. - The Malaysian factory commenced operations, enhancing raw material supply and supporting market expansion in Southeast Asia[41]. - The first phase of the Mexican factory turned profitable, providing a replicable management experience for future expansions[41]. - The company aims to optimize its organizational structure and enhance management capabilities to adapt to its growing scale and complexity[6]. - The company plans to complete the construction of its second factory in Mexico by April 2025, focusing on large structural components for new energy vehicles[54]. - The company is planning to implement new strategies in the upcoming quarters to drive further growth and profitability[124]. Research and Development - Research and development expenses increased by 24.15% to 348,227.69 million RMB, reflecting a commitment to innovation[62]. - The company has a total of 880 R&D personnel, making up 9.80% of the total workforce, with a focus on enhancing capabilities in new energy and intelligent vehicle sectors[76]. - The company is committed to increasing R&D investment in humanoid robots and exoskeletons, responding to new market demands[101]. - The company is investing 50 million RMB in R&D for new technologies aimed at enhancing product efficiency[126]. Environmental and Sustainability Efforts - The company has invested 14.97 million yuan in environmental protection during the reporting period[167]. - The company has constructed a distributed solar photovoltaic system with a capacity of 1.32 MWp, generating an annual output of 1.5 million kWh[177]. - The company has implemented a comprehensive environmental management system certified by ISO 24001[176]. - The company has established a plan to expand its solar photovoltaic capacity to over 10 MWp, aiming for an annual generation exceeding 10 million kWh[177]. - The company has committed to enhancing its profitability and operational efficiency to mitigate the impact of share dilution from the IPO[187]. Governance and Compliance - The company emphasizes transparency and compliance with legal regulations in its governance practices[118]. - The company has established a performance evaluation system linking employee income to work performance[119]. - The company maintains a dedicated investor relations team to facilitate communication with shareholders and address inquiries[118]. - The company has established a structured remuneration management approach combining base salary and performance incentives[130]. - The company has appointed new independent directors and supervisors in recent years to enhance governance[131]. - The company’s internal control evaluation report for 2024 was approved by the board, ensuring ongoing compliance and operational integrity[163]. Shareholder Engagement and Dividends - The company’s cash dividend proposal for 2024 is 3.00 yuan per 10 shares, totaling 295.46 million yuan, which accounts for 31.45% of the net profit attributable to shareholders[12]. - The company has established a three-year shareholder return plan (2023-2025), ensuring that cash dividends will not be less than 15% of the distributable profits for any given year[149]. - The company’s cash dividend policy is designed to ensure transparency and stability in shareholder returns, considering factors such as industry trends and operational performance[149]. - The total remuneration for directors, supervisors, and senior management for the year amounted to RMB 9.9493 million (pre-tax)[130]. Risks and Challenges - The company anticipates challenges from rapid advancements in AI and robotics, as well as shifts in the automotive industry landscape[5]. - The company faces risks from exchange rate fluctuations due to its significant export business, which could impact pricing competitiveness[111]. - Raw material price volatility poses a risk to profitability, with the company implementing mechanisms to adjust product prices in response to raw material cost changes[111]. - The automotive parts market faces challenges such as severe product homogeneity and price pressure, necessitating continuous innovation and quality improvement[104]. Future Outlook - The company provided a future outlook, projecting a revenue growth of 10% for the next quarter, aiming for 1.32 billion RMB[126]. - The company is considering strategic acquisitions to enhance its market position, targeting firms with a combined revenue of 500 million RMB[126]. - The company plans to establish a subsidiary in Hungary as part of its external investment strategy[133].