3S(605305)2025-04-18 08:35Financial Performance - The company's operating revenue for 2024 reached ¥1,298,708,903.73, representing a 17.58% increase compared to ¥1,104,524,800.71 in 2023[23]. - Net profit attributable to shareholders for 2024 was ¥314,804,875.75, a significant increase of 52.20% from ¥206,838,005.30 in 2023[23]. - The basic earnings per share for 2024 was ¥1.48, up 52.58% from ¥0.97 in 2023[24]. - The cash flow from operating activities for 2024 was ¥279,844,476.75, an increase of 184.84% compared to ¥98,244,763.00 in 2023[23]. - The total assets at the end of 2024 amounted to ¥3,319,763,582.78, reflecting a 17.69% increase from ¥2,820,866,474.74 at the end of 2023[23]. - The weighted average return on equity for 2024 was 12.88%, an increase of 3.63 percentage points from 9.25% in 2023[24]. - The net profit after deducting non-recurring gains and losses for 2024 was ¥269,679,707.53, a 53.10% increase from ¥176,142,433.07 in 2023[23]. - The company's net assets attributable to shareholders at the end of 2024 were ¥2,588,161,367.00, a 12.17% increase from ¥2,307,423,754.73 at the end of 2023[23]. - The company achieved a revenue of 1,298,708,903.73 CNY in 2024, representing a year-on-year increase of 17.58%[111]. - The net profit attributable to shareholders reached 314,804,900 CNY, up 52.20% year-on-year, with earnings per share of 1.48 CNY[111]. Dividend Distribution - The company plans to distribute a cash dividend of 4.5 yuan per 10 shares (including tax) to all shareholders for the 2024 fiscal year[6]. - The company distributed a cash dividend of RMB 2.8 per 10 shares, totaling RMB 42,504,000.00, and increased its share capital by 60,720,000 shares through capital reserve conversion[199]. Audit and Compliance - The company has received a standard unqualified audit report from DaXin Accounting Firm[5]. - The company’s financial report has been declared true, accurate, and complete by its responsible personnel[5]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has not violated any decision-making procedures regarding external guarantees[8]. - The company has not faced any regulatory measures or disciplinary actions during the reporting period[169]. - The company maintains independence from its controlling shareholder, ensuring no interference in decision-making or operations[175]. Risk Management - The company has outlined potential risks in its report, which can be found in the "Management Discussion and Analysis" section[8]. - The company faces risks related to the volatility of the wind power industry and potential policy changes that could impact its operations[161]. - The company is focused on strengthening its governance and internal control mechanisms to improve risk management and information disclosure[159]. - The company recognizes the competitive risks from price competition and the entry of stronger players into the specialized high-altitude safety equipment market[162]. - The company is aware of the financial risks associated with market competition and the need to continuously launch competitive products to maintain profitability[165]. Research and Development - The company invested 84.96 million yuan in R&D, representing 6.54% of its 2024 operating revenue, and holds a total of 665 authorized patents[49]. - R&D expenses for the current period totaled ¥84,957,968.27, accounting for 6.54% of operating revenue[130]. - The number of R&D personnel is 174, representing 18% of the total workforce, with 20 holding master's degrees and 2 holding doctoral degrees[131]. - The company emphasizes the importance of research and development to enhance product quality and performance, aiming to meet diverse customer needs and reduce costs[157]. - The company is actively involved in the development of new technologies and products to enhance its market competitiveness in the renewable energy sector[152]. Market Presence and Expansion - The company has established wholly-owned subsidiaries in the USA, Germany, India, Japan, and Brazil, enhancing its international presence[40]. - The company achieved foreign sales revenue of 645.85 million yuan, accounting for 50.09% of its main business income in 2024[166]. - The company is expected to maintain its industry position through product innovation and expansion into overseas markets, driven by favorable policies and technological advancements in the wind power sector[78]. - The company is actively expanding its market presence and exploring new investment opportunities[188]. Corporate Governance - The board of directors held 5 meetings during the reporting period, passing 33 resolutions, ensuring effective governance[171]. - The supervisory board convened 4 times and approved 23 resolutions, maintaining oversight of company operations[172]. - The company disclosed 4 regular reports and 65 temporary announcements in 2024, receiving an A-level evaluation for information disclosure from the Shanghai Stock Exchange[176]. - The company has established a robust investor relations management system, enhancing communication with investors through various channels[177]. - The company completed the revision of 8 management documents, including the "External Investment Management System" and "Related Party Transaction Management System" in January 2024[169]. Employee Management - The total number of employees in the parent company and major subsidiaries is 963, with 517 in the parent company and 446 in subsidiaries[195]. - The company has a total of 331 technical personnel among its employees, indicating a strong focus on technical expertise[195]. - The company maintains a competitive compensation system, including basic salary, position salary, performance pay, and other benefits[196]. - The company has established a comprehensive training management system, including onboarding, compliance, product knowledge, safety, and professional skills training[197][198]. Product Development - The company has launched new products in the wind power sector, including an intelligent identification climbing device and a wireless network coverage solution[41][43]. - The company is actively developing new products and upgrading existing technologies to expand into non-wind power markets[119]. - The company has introduced various products, including gear rack elevators and large load elevators, to meet the growing demand in the wind power and communication sectors[91]. Financial Investments - The company made a total equity investment of ¥48,854.84 million in 2024, a 10.02% increase year-on-year[141]. - The company acquired a 1.7182% stake in the Jiaxing Zhi Zhi No. 1 Equity Investment Partnership for RMB 12 million, resulting in a fair value change gain of RMB 10,259,180 as of December 31, 2024[143]. - The company invested RMB 10 million in the Zhongke Turing Beijing Chenlong No. 1 private equity fund, which was terminated early, returning the principal and additional assets totaling RMB 1,006,971.34[144]. - The company committed RMB 20 million to the Chengdu Zhi Zhi Lian Jin Venture Capital Partnership, holding a 7.94% stake, with a fair value change loss of RMB 478,486 as of December 31, 2024[145].