皇马科技(603181) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 reached ¥2,332,983,904.63, representing a 23.17% increase compared to ¥1,894,113,298.01 in 2023[20] - Net profit attributable to shareholders for 2024 was ¥397,776,971.79, up 22.50% from ¥324,728,281.29 in 2023[20] - The net profit after deducting non-recurring gains and losses was ¥376,760,106.65, reflecting a 27.81% increase from ¥294,780,872.87 in 2023[20] - Basic earnings per share for 2024 were ¥0.70, a 22.81% increase from ¥0.57 in 2023[21] - The weighted average return on net assets for 2024 was 13.66%, up from 12.35% in 2023[21] - The company achieved operating revenue of 2.333 billion RMB, a growth of 23.17% compared to the previous year, with product sales reaching 179,300 tons[58] - The net profit attributable to shareholders was 398 million RMB, reflecting a year-on-year increase of 22.50%[58] Cash Flow and Investments - The net cash flow from operating activities decreased by 70.61% to ¥94,215,109.84 from ¥320,534,820.77 in 2023[20] - The net cash flow from investing activities decreased by 118.41% to -¥246,626,697.00, attributed to reduced financial product purchases and increased cash payments for fixed asset construction[76] - The net cash flow from financing activities improved by 99.07% to -¥1,476,569.39, driven by increased project loans and employee stock plan subscriptions[76] - The company experienced a significant decrease in investment, with a total investment of CNY 30,000 in the current period compared to CNY 14,050,000 in the same period last year, reflecting a decrease of 99.79%[114] Assets and Liabilities - The total assets of the company increased by 13.38% to ¥3,875,092,522.64 at the end of 2024, compared to ¥3,417,812,532.93 at the end of 2023[20] - The net assets attributable to shareholders rose by 12.84% to ¥3,111,531,379.45 at the end of 2024, compared to ¥2,757,516,974.37 at the end of 2023[20] - Accounts receivable increased by 36.26% to ¥340,516,509.70, primarily due to sales growth[78] - Long-term borrowings increased by 51.27% to ¥292,437,557.44, indicating a rise in long-term financing[78] Production and Capacity - The company has an annual production capacity of nearly 300,000 tons of specialty surfactants, making it a leading enterprise in the domestic market with a comprehensive range of products and high technological content[47] - The company has a production capacity of 9.55 million tons/year at the Green Science and Technology Co., Ltd. plant with a utilization rate of 79.58%[102] - The company also operates the Huangma Shangyi New Materials plant with a design capacity of 13 million tons/year and a utilization rate of 82.36%[106] - The company plans to launch a new polyether amine project with an annual production capacity of 0.9 million tons in Q3 2024[102] Research and Development - The total R&D expenditure was ¥88,398,970.16, representing 3.79% of the total revenue, with no capitalized R&D costs[75] - The company has a comprehensive R&D system with multiple high-level innovation platforms, focusing on functional new materials and high-end electronic chemicals[52] - The company has developed over 1,800 products and holds a total of 212 national invention patents, with 18 new patents authorized in 2024[52] - The company emphasizes continuous technological innovation and product development as a core competitive advantage[93] Market Strategy and Expansion - The company aims to expand its market presence in the "Two Bays and One Belt" regions and enhance its foreign trade market[32] - The company is focusing on developing environmentally friendly and resource-saving coatings, dyes, pesticides, and specialty chemicals to meet the demand for high-performance products in various industries[44] - The company is actively expanding its market presence in the "Two Bays and One Belt" regions and foreign trade markets, establishing specialized marketing teams for each business segment[50] Environmental Responsibility - The company has invested CNY 2,270,200 in environmental protection during the reporting period[171] - The company and its subsidiaries strictly comply with environmental protection laws and regulations, ensuring that emissions meet environmental standards[172] - The company has established a wastewater treatment system that processes wastewater through a series of treatment pools, ensuring compliance with discharge standards[177] - The company has committed to reducing carbon emissions through energy-efficient practices and the adoption of green technologies, resulting in a noticeable decrease in energy consumption[183] Corporate Governance - The company adheres to legal regulations and maintains a robust corporate governance structure, ensuring transparency and compliance with the relevant laws[132] - The board of directors consists of 6 non-independent directors and 3 independent directors, meeting legal requirements for composition[133] - The company has established a dedicated internal audit department to enhance operational compliance and governance[134] - The company has implemented an investor relations management system to improve communication with stakeholders and uphold their rights[135] Employee Engagement and Compensation - The company has implemented a second employee stock ownership plan and management measures to enhance employee engagement[152] - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 787.82 million[142] - The company emphasizes training programs focusing on corporate culture, employee quality, and professional skills to support high-quality development[156] Risks and Challenges - The company faces risks from market competition, particularly from domestic and international chemical giants, which could impact its profitability if R&D capabilities do not keep pace[126][127] - Environmental protection regulations pose a risk, as stricter standards may require additional investments in compliance, potentially increasing operational costs[128] - Safety production risks are significant due to the hazardous nature of raw materials used in production, which could lead to severe accidents if not managed properly[129]