SJA(600609)2025-04-02 12:35Financial Performance - The company's operating revenue for 2024 was approximately ¥4.37 billion, a decrease of 15.05% compared to ¥5.14 billion in 2023[21] - Net profit attributable to shareholders increased by 214.06% to approximately ¥381.88 million from ¥121.59 million in the previous year[21] - The net profit after deducting non-recurring gains and losses rose by 204.94% to approximately ¥252.99 million compared to ¥82.96 million in 2023[21] - The cash flow from operating activities decreased by 31.70% to approximately ¥581.09 million from ¥850.79 million in 2023[21] - Total assets at the end of 2024 were approximately ¥3.64 billion, a decrease of 9.44% from ¥4.02 billion at the end of 2023[21] - The company's basic earnings per share for 2024 was ¥0.29, an increase of 222.22% from ¥0.09 in 2023[22] - The weighted average return on net assets increased by 18.33 percentage points to 30.57% from 12.24% in 2023[22] - The company reported a net asset attributable to shareholders of approximately ¥1.39 billion at the end of 2024, an increase of 31.79% from ¥1.06 billion at the end of 2023[21] - The company achieved operating revenue of 4.366 billion RMB, a year-on-year decrease of 15.05%[29] - The net profit attributable to shareholders was 382 million RMB, a year-on-year increase of 214.06%, with basic earnings per share of 0.29 RMB[29] Assets and Liabilities - Total assets at the end of the reporting period were 3.643 billion RMB, a decrease of 9.44% from the beginning of the year[29] - The debt-to-asset ratio was 55.28%, down 11.07 percentage points from the beginning of the year[29] - The company’s total assets at the end of the reporting period were significantly impacted, with accounts receivable decreasing by 55.94% to approximately ¥232.18 million due to increased customer payments and reduced subsidiary income[53][54] - The company’s total liabilities decreased from CNY 2,669,331,114.86 in 2023 to CNY 2,013,894,197.07 in 2024, a reduction of about 24.6%[173] - Total equity increased from CNY 1,353,649,921.67 in 2023 to CNY 1,629,370,943.83 in 2024, an increase of approximately 20.3%[173] Research and Development - R&D expenses for the year amounted to CNY 194 million, a decrease of 38.42% compared to the previous year, reflecting reduced design and development costs for new products[37] - The company received 24 authorized patents in 2024, including 7 invention patents, 15 utility model patents, and 2 design patents, indicating a strong focus on innovation[35] - The company has established a unified R&D data management platform, enhancing product design management through standardized data processes[35] - The company plans to invest more in R&D, design, and sales to improve the technical and profitability levels of its components[70] Market and Sales - The company achieved operating revenue of CNY 4.366 billion, a year-on-year decrease of 15.05%, with the interior parts business generating CNY 2.040 billion, down 14.50%, and the seat parts business generating CNY 1.682 billion, down 31.05%[36] - The company reported a decrease in sales volume for interior parts by 20% to 383,721 sets and for seat parts by 29.85% to 189,401 sets[42] - The automotive market is projected to achieve a total production and sales volume of 31.28 million and 31.44 million vehicles in 2024, representing year-on-year growth of 3.7% and 4.5% respectively[64] - The company aims to achieve revenue growth in 2025, focusing on stabilizing operations, enhancing new growth strategies, and improving operational quality[68] Governance and Management - The company has established a governance mechanism that ensures clear responsibilities and effective operation among decision-making, supervisory, and operational bodies[74] - The company has seen changes in its board and management personnel, with specific remuneration details provided for key individuals[77] - The management team includes key executives with extensive experience in the automotive industry, enhancing strategic decision-making capabilities[78] - The board established several specialized committees, including the Audit Committee and the Compensation and Assessment Committee, to enhance governance[91] Environmental Compliance - The company invested 657,600 RMB in environmental protection during the reporting period[110] - The company achieved compliance in wastewater discharge with chemical oxygen demand at 28 mg/L, significantly below the standard of 300 mg/L[112] - The company maintained a noise level below 60 dB during the day and below 50 dB at night, complying with environmental standards[116] - The company has established mechanisms for environmental protection and conducts regular monitoring of emissions[113] Future Outlook - Future outlook indicates a focus on market expansion and potential mergers and acquisitions to drive growth[78] - The company plans to enhance its operational efficiency and talent management to respond quickly to market demands[68] - The company is actively investing in new product development and technological advancements to stay competitive in the market[78] - The company aims to achieve a year-over-year growth rate of at least 15% in the upcoming fiscal year[78]