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大叶股份(300879) - 2024 Q4 - 年度财报
300879DAYE(300879)2025-04-22 13:55

Financial Performance - The company's operating revenue for 2024 reached ¥1,761,023,037.12, representing an increase of 89.67% compared to ¥928,459,027.45 in 2023 [21]. - The net profit attributable to shareholders for 2024 was ¥16,115,206.30, a significant turnaround from a loss of ¥174,870,110.96 in 2023, marking a 109.22% improvement [21]. - The net profit after deducting non-recurring gains and losses was ¥13,212,953.00 for 2024, compared to a loss of ¥163,702,674.03 in 2023, reflecting an increase of 108.07% [21]. - The company's total assets as of the end of 2024 amounted to ¥3,328,690,092.28, a 7.51% increase from ¥3,096,302,961.95 at the end of 2023 [21]. - The net assets attributable to shareholders increased by 45.95% to ¥1,194,391,292.65 at the end of 2024, up from ¥818,377,211.04 at the end of 2023 [21]. - The basic earnings per share for 2024 was ¥0.10, a recovery from a loss of ¥1.09 per share in 2023, indicating a 109.17% improvement [21]. - The company reported a net cash flow from operating activities of ¥153,194,942.05 in 2024, down 25.11% from ¥204,549,639.71 in 2023 [21]. - The company achieved a revenue of CNY 1,761.02 million in 2024, representing a growth of 89.67% compared to 2023 [73]. - The net profit attributable to the parent company was CNY 16.12 million, an increase of 109.22% year-over-year [73]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 0.21 RMB per 10 shares to all shareholders, based on a total of 199,248,754 shares [4]. - The board of directors has approved a dividend payout of 0.50pershare,reflectingacommitmenttoreturningvaluetoshareholders[179].MarketOutlookandGrowthStrategy−Futureoutlookincludescontinuedinvestmentinnewproductdevelopmentandmarketexpansionstrategiestosustaingrowthmomentum[21].−Theglobalgardenmachinerymarketdemandisprojectedtoreach0.50 per share, reflecting a commitment to returning value to shareholders [179]. Market Outlook and Growth Strategy - Future outlook includes continued investment in new product development and market expansion strategies to sustain growth momentum [21]. - The global garden machinery market demand is projected to reach 30.9 billion by 2030, with a compound annual growth rate (CAGR) of 2.11% [31]. - The lithium-powered garden machinery segment is expected to grow at a CAGR of 6.65%, becoming the main growth driver in the market [31]. - The company is focused on expanding its market presence and enhancing product quality through continuous investment in new product research and development [42]. - The company aims to increase the proportion of non-fossil energy consumption to around 20% by 2025, with a target to reduce energy consumption per unit of GDP by 13.5% compared to 2020 levels [39]. - The company is actively investing in core technologies such as engine, gearbox, and battery pack technologies to meet market demands [68]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by the end of 2024 [145]. Product Development and Innovation - The company has developed a series of new energy products, including battery-powered lawn mowers and tools, with a focus on user experience and cost reduction [66][68]. - The company is currently in a critical period of technological and industrial upgrades, focusing on lithium battery technology and smart control technology [34]. - The company aims to enhance product functionality and automation levels, responding to increasing consumer demands for multi-functional and automated garden machinery [36]. - The company is developing a zero-turn riding mower with advanced features, currently in the small trial phase, aimed at enhancing user experience [90]. - A new CVT transmission system for riding mowers is in batch production, expected to diversify the product range and improve operational efficiency [90]. - The company is also advancing a smart lawn mower with ToF depth camera technology for automated navigation, currently in the mid-trial phase [90]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts, highlighting potential risks and countermeasures in the report [4]. - The report includes a detailed description of the company's future development outlook and the main risks it will face [4]. - The company faces significant risks related to trade environment and financial fluctuations, particularly due to its high export business and reliance on USD for sales settlements [139]. - The company has implemented strict internal controls and regular audits to manage risks associated with foreign exchange derivative transactions [109]. - The company has committed to timely information disclosure in accordance with legal and regulatory requirements [109]. Research and Development - R&D investment has shown an upward trend, enabling the company to master core technologies and production processes in the garden machinery sector [55]. - Research and development expenses grew by 16.39% to ¥78,995,458.60, reflecting the company's commitment to innovation [89]. - The company has experienced a 150% increase in the number of R&D personnel with master's degrees, rising from 6 in 2023 to 15 in 2024 [92]. - The company is investing 10millioninresearchanddevelopmentfornewtechnologiesaimedatenhancingproductefficiency[179].CorporateGovernance−Theboardofdirectorsconsistsof7members,including3independentdirectors,ensuringcompliancewithlegalandregulatoryrequirements[152].−Thesupervisoryboardhas3members,including1employeerepresentative,meetinglegalandregulatorystandards[153].−Thecompanyhasaperformanceevaluationandincentivemechanisminplaceforseniormanagement,linkingannualperformanceassessmentstolong−termdevelopmentgoals[155].−Thecompanyemphasizesstrictcompliancewithinformationdisclosureregulations,ensuringaccurateandtimelyinformationforinvestors[156].−Thecompanymaintainsindependencefromitscontrollingshareholdersinassets,personnel,finance,organization,andbusinessoperations[159].EmployeeManagementandDevelopment−Thetotalnumberofemployeesattheendofthereportingperiodis968,with540intheparentcompanyand428inmajorsubsidiaries[195].−Thecompanyhasestablishedaflexibleanddifferentiatedcompensationstrategytoattractandretaintalent,linkingcompensationtoemployeecontributionsandperformance[197].−Futureplansincludeoptimizingtrainingresourcesandenhancingemployeeskillsthroughacombinationofonlineandofflinetrainingmethods[198].−Thecompanyaimstoimproveitscompensationmanagementsystemtoensureexternalcompetitivenessandinternalfairness,drivingoverallperformance[197].StrategicAcquisitionsandPartnerships−ThecompanycompletedtheacquisitionofAL−KO,awell−knownEuropeangardenmachinerymanufacturer,onFebruary12,2025,toenhanceitsglobalmarketpresence[74].−Thecompanyisactivelypursuingmarketexpansionthroughstrategicacquisitionsandpartnershipstoenhanceitsoperationalcapabilities[191].−Thecompanyisconsideringstrategicacquisitionstobolsteritsproductofferings,withabudgetof10 million in research and development for new technologies aimed at enhancing product efficiency [179]. Corporate Governance - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements [152]. - The supervisory board has 3 members, including 1 employee representative, meeting legal and regulatory standards [153]. - The company has a performance evaluation and incentive mechanism in place for senior management, linking annual performance assessments to long-term development goals [155]. - The company emphasizes strict compliance with information disclosure regulations, ensuring accurate and timely information for investors [156]. - The company maintains independence from its controlling shareholders in assets, personnel, finance, organization, and business operations [159]. Employee Management and Development - The total number of employees at the end of the reporting period is 968, with 540 in the parent company and 428 in major subsidiaries [195]. - The company has established a flexible and differentiated compensation strategy to attract and retain talent, linking compensation to employee contributions and performance [197]. - Future plans include optimizing training resources and enhancing employee skills through a combination of online and offline training methods [198]. - The company aims to improve its compensation management system to ensure external competitiveness and internal fairness, driving overall performance [197]. Strategic Acquisitions and Partnerships - The company completed the acquisition of AL-KO, a well-known European garden machinery manufacturer, on February 12, 2025, to enhance its global market presence [74]. - The company is actively pursuing market expansion through strategic acquisitions and partnerships to enhance its operational capabilities [191]. - The company is considering strategic acquisitions to bolster its product offerings, with a budget of 30 million allocated for potential deals [176]. Supply Chain and Production Management - The company employs an "order-driven production" model, generating production schedules based on customer orders, ensuring alignment with market demand [52]. - The company has established a comprehensive supplier evaluation system, ensuring that qualified suppliers are dynamically maintained in the ERP system [48]. - The company has implemented a centralized procurement model through its wholly-owned subsidiary, focusing on "just-in-time" procurement to manage costs effectively [47].