CENTER INT(603098)2025-04-22 11:05Financial Performance - The company reported a total distributable profit of RMB 1,004,228,290.93 as of December 31, 2024[6]. - The company's operating revenue for 2024 was CNY 2,936,030,608.78, a decrease of 16.47% compared to CNY 3,514,949,842.66 in 2023[24]. - The net profit attributable to shareholders for 2024 was CNY 73,558,304.86, representing an increase of 27.26% from CNY 57,801,214.86 in 2023[24]. - The net cash flow from operating activities for 2024 was CNY 195,010,002.39, a significant increase of 1,649.25% compared to CNY 11,148,205.19 in 2023[24]. - The total assets at the end of 2024 were CNY 5,547,909,464.27, a decrease of 13.68% from CNY 6,427,430,748.76 at the end of 2023[25]. - The basic earnings per share for 2024 was CNY 0.14, an increase of 27.27% compared to CNY 0.11 in 2023[26]. - The weighted average return on equity for 2024 was 2.66%, an increase of 0.82 percentage points from 1.84% in 2023[26]. - The company achieved a total revenue of CNY 2.936 billion, a year-on-year decrease of 16.47%[115]. - The net profit reached CNY 74 million, an increase of 28.65% compared to the previous year[115]. Dividend Distribution - A cash dividend of RMB 0.50 per 10 shares is proposed, totaling RMB 26,984,998.90 to be distributed to shareholders[6]. - The board of directors approved the profit distribution plan during the second meeting of the fifth board on April 22, 2025[6]. Risk Management - The company has detailed potential risks in the management discussion and analysis section of the report[9]. - The company emphasizes the importance of understanding the differences between plans, forecasts, and commitments due to uncertainties in forward-looking statements[8]. - The company faces risks related to macroeconomic fluctuations and policy changes that could impact fixed asset investment and project timelines[174]. - Raw material price volatility poses a risk, with significant reliance on steel, aluminum, and photovoltaic components[175]. - Rising labor costs due to demographic changes may adversely affect the company's profitability[176]. Corporate Governance - All directors attended the board meeting, ensuring accountability for the report's accuracy[4]. - The company maintains a robust governance structure in compliance with relevant laws and regulations, ensuring transparency and accountability[180]. - The company has independent directors who are involved in the governance and oversight of its operations[188]. - The company has established specialized committees under the board, including audit, nomination, remuneration and assessment, and strategic committees[195]. Market and Product Development - The company plans to continue expanding its market presence and developing new products, including the 隆顶系列 BIPV and iroof®智慧屋面系统[24]. - The company is committed to sustainable development and expanding its market presence in the renewable energy sector[35]. - The company aims to establish itself as the global leader in BIPV products, with the Longtop series being the only product in the industry to offer a 25-year warranty[52]. - The company is focusing on the integration of BIPV technology into its business model, aligning with the growing demand for sustainable building solutions[69]. - The company aims to develop its high-end building metal enclosure business around three main themes: greening, intelligence, and internationalization[160]. Research and Development - The company invested CNY 84 million in R&D during the reporting period[109]. - The company holds a total of 395 intellectual property rights, including 326 patents[112]. - The total R&D expenditure for the period was CNY 83,810,261.24, accounting for 2.85% of total revenue, with no capitalized R&D expenses[128]. - The company employed 227 R&D personnel, representing 13.90% of the total workforce[129]. Environmental and Safety Compliance - The company has not experienced any major safety production accidents during the reporting period[145]. - The company has established safety management regulations and procedures to ensure safe operations in production and construction[143]. - The ecological environment department's new action plan aims for a 90% compliance rate in identifying and rectifying pollution risks by 2027, which will impact the soil remediation industry positively[166]. Project Management - The company completed a total of 153 projects during the reporting period, with a total value of approximately RMB 316,954.08 million[146]. - The total amount of orders on hand at the end of the reporting period is RMB 386,970.26 million, with RMB 191,452.52 million for signed contracts not yet started and RMB 195,517.74 million for unfinished projects[152]. - The company has signed major projects in 2024, including factories for Mercedes-Benz, Dongfeng Motor, and several others, showcasing its strong market presence[95]. Shareholder Information - The company held its annual shareholders' meeting on June 28, 2024, with the resolutions published on June 29, 2024[181]. - The chairman and general manager, Liu Aisen, holds 135,226,381 shares, with a total pre-tax compensation of 60.00 million yuan for the reporting period[183]. - The company has a total of 712.00 million yuan in pre-tax compensation distributed among its directors and supervisors for the reporting period[184].