CSICPCL(600482)2025-04-25 10:50Financial Performance - The company achieved a net profit attributable to shareholders of RMB 1,390,869,974.66 for the year 2024, with retained earnings totaling RMB 8,429,834,169.96 as of December 31, 2024[18]. - The proposed cash dividend is RMB 1.86 per 10 shares, amounting to a total distribution of RMB 419,013,883.78, which represents 30.13% of the annual net profit[18]. - The company's operating revenue for 2024 reached ¥51.70 billion, representing a year-on-year increase of 14.62% compared to ¥45.10 billion in 2023[35]. - Net profit attributable to shareholders increased by 78.43% to ¥1.39 billion in 2024, up from ¥779.49 million in 2023[35]. - The net profit after deducting non-recurring gains and losses rose by 120.60% to ¥1.23 billion in 2024, compared to ¥558.75 million in 2023[35]. - The net cash flow from operating activities surged by 213.21% to ¥14.40 billion in 2024, compared to ¥4.60 billion in 2023[35]. - Basic earnings per share increased by 75% to ¥0.63 in 2024, up from ¥0.36 in 2023[36]. - Diluted earnings per share rose by 69.44% to ¥0.61 in 2024, compared to ¥0.36 in 2023[36]. - The total profit for 2024 was 2.831 billion RMB, representing a significant year-on-year growth of 143.89%[48]. - The company achieved a main business revenue of 51.256 billion RMB, representing a year-on-year growth of 14.65%[76]. Market and Product Development - The company delivered the world's first methanol dual-fuel main engine with the largest power output[4]. - A 25MW low-emission dual-fuel gas turbine generator set was successfully applied on a global 100,000-ton deep-water semi-submersible floating platform[7]. - The "Central South Institute 520" offshore exploration and testing platform constructed by Wuhan Ship Machinery was successfully delivered[9]. - The company is focusing on advanced lithium battery technology for new energy storage and lithium power storage systems[14]. - The company achieved record sales of dual-fuel main engines, successfully delivering the world's first methanol medium-speed engine and completing full-load testing of the largest methanol dual-fuel engine[58]. - The company is focusing on the small and medium-sized gas turbine market, with a power range of 5MW-50MW, primarily for marine power, industrial drive, and power generation applications[61]. - The company is actively involved in the development of high-end, green, and intelligent new products, emphasizing innovation-driven growth[58]. - The company has a leading position in the domestic small and medium-sized gas turbine market, with self-developed 25MW gas turbine products achieving international advanced levels and successfully entering overseas markets[67]. - The company is a leading supplier of electric propulsion systems for naval vessels, with a complete product line and strong capabilities in the military sector[70]. Research and Development - The company received R&D project subsidies amounting to ¥295.97 million, which are related to ongoing production and operations[44]. - Research and development expenses increased by 15.85% to 2.443 billion RMB, reflecting the company's commitment to technological innovation[77]. - The company is investing heavily in R&D, with a budget increase of 25% to enhance technology development and innovation[153]. - The company is committed to developing new technologies and products to enhance market competitiveness[170]. Environmental Compliance - The company invested approximately 74.16 million yuan in environmental protection during the reporting period[186]. - The company reported a total of 0.122 tons of lead smoke emissions, with a concentration of 0.08 mg/m³, which is below the standard limit of 0.5 mg/m³[187]. - The company emitted 8.817 tons of COD with a concentration of 22.286 mg/L, well below the standard limit of 150 mg/L[187]. - The company has established an environmental protection mechanism and is classified as a key pollutant discharge unit[187]. - The company has implemented annual environmental protection work plans and technical measures to enhance pollution control facilities[198]. - The company has developed multiple specialized emergency response plans to address various environmental pollution incidents[200]. Corporate Governance - The company has established a robust internal control system aimed at risk prevention and compliance, enhancing governance and risk management capabilities[182]. - The company has held five shareholder meetings to discuss key matters such as annual profit distribution and related party transactions, ensuring compliance with regulations[138]. - The company held 11 supervisory board meetings during the reporting period to effectively supervise the financial and compliance responsibilities of directors and senior management[140]. - The company has established a performance evaluation mechanism for senior management, focusing on contract-based management and performance accountability[181]. - The company has implemented measures to maintain independence from its controlling shareholder, with commitments being strictly executed, except for some industry competition issues[143]. Strategic Initiatives - The company plans to continue expanding its market presence and product offerings in the upcoming fiscal year[82]. - The company is considering strategic acquisitions to bolster its product offerings, with potential targets identified in the renewable energy sector[150]. - The company plans to strengthen its international operations by promoting shipbuilding products and energy equipment overseas[129]. - The company aims to enhance its military core capabilities and lead the industry as a high-end power equipment supplier, focusing on technological advancements[127]. Risk Management - The company faces risks related to raw material price fluctuations and supply chain management, with measures in place to mitigate these risks[132]. - The company is exposed to foreign exchange risks due to export business denominated in foreign currencies, with strategies to hedge against these fluctuations[132]. - The company has established a comprehensive risk control system to prevent major risks, including safety management and internal control improvements[131].