SDBH(600966)2025-04-29 08:50Financial Performance - The company achieved operating revenue of RMB 18.93 billion in 2024, a year-on-year increase of 1.27%[24]. - The net profit attributable to shareholders was RMB 175.82 million, a decrease of 3.31% compared to the previous year[24]. - The net profit after deducting non-recurring gains and losses increased by 22.43% to RMB 147.70 million[24]. - The basic earnings per share for 2024 were RMB 0.1422, down 3.27% from 2023[25]. - The company's total assets at the end of 2024 were RMB 22.47 billion, an increase of 1.32% from the previous year[24]. - The net cash flow from operating activities was RMB 695.24 million, a decrease of 67.18% compared to the previous year[24]. - Operating costs increased to approximately ¥17.12 billion, reflecting a 2.68% rise year-over-year[66]. - The gross profit margin in the paper manufacturing sector decreased by 1.38 percentage points, with a current margin of 9.46%[68]. - The revenue from overseas markets reached approximately ¥2.96 billion, with a substantial year-over-year increase of 83.81%[68]. - The company reported a significant reduction in financial expenses, down by 29.93% to approximately ¥312.95 million[66]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.2844 per share (including tax), totaling RMB 35,174,997.75, which represents 20.01% of the net profit attributable to shareholders for the year 2024[6]. - The cumulative cash dividend amount over the last three accounting years is 94,356,547.52 RMB, with an average net profit of 195,242,321.35 RMB, resulting in a cash dividend ratio of 48.33%[148]. Environmental Initiatives - The company has invested 53,430.58 million RMB in environmental protection during the reporting period[154]. - The company has committed to reducing carbon emissions by enhancing energy production efficiency, investing in solar power projects, and promoting the use of clean energy among suppliers and logistics partners[163]. - The company has established a robust environmental management system, including 60 SOP documents related to environmental responsibilities and assessments, ensuring comprehensive environmental oversight[158]. - Jiangsu Bohui has implemented a comprehensive environmental monitoring system, with real-time monitoring facilities installed at all discharge points, ensuring compliance with pollution discharge standards[160]. - The company has developed a deep wastewater treatment system that recycles treated water for production, significantly reducing pollutant concentrations and improving the surrounding ecological environment[162]. Research and Development - The company has obtained a total of 180 authorized patents, including 53 invention patents and 116 utility model patents, with 61 patents currently under application[35]. - The company has initiated 34 R&D projects at the Jiangsu base, focusing on high-end white cardboard promotion and product innovation[37]. - The total R&D investment amounted to ¥674,921,524.92, representing 3.57% of the operating revenue[74]. - The company is focusing on technological innovation and smart transformation to improve operational efficiency and market responsiveness[93]. Market Expansion and Sales - The company has achieved a significant increase in overseas sales revenue, with paper export income rising to 16% of total revenue, effectively mitigating domestic sales fluctuations[42]. - The company is actively expanding its market presence in Southeast Asia, the Middle East, and Europe, establishing a comprehensive sales network and service system[42]. - The company aims to enhance its sales management and service system to improve customer experience and expand its global marketing network[99]. - The company is investing in advanced technologies to improve production efficiency and reduce operational costs by 5%[125]. Corporate Governance - The board of directors and senior management confirm the authenticity, accuracy, and completeness of the annual report[3]. - The company maintains strict compliance with corporate governance regulations, continuously improving its governance structure and internal control systems[115]. - The company held three shareholder meetings in 2024, all conducted in compliance with legal requirements and witnessed by lawyers[120]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to CNY 8.44 million[127]. Risk Management - The company has detailed risk factors and countermeasures related to future development in the management discussion and analysis section[10]. - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors, highlighting the importance of investment risk awareness[8]. - The company has implemented risk management measures for its derivative investments, ensuring comprehensive control over trading risks[86]. - The company faces risks related to raw material price volatility, environmental regulations, and increasing competition in the paper industry[111][112]. Compliance and Legal Matters - The company did not face any penalties from securities regulatory authorities in the past three years[129]. - There were no objections raised by directors regarding company matters during the reporting period[133]. - The company has no significant litigation or arbitration matters during the reporting period[179]. - The company has no major accounting errors or corrections during the reporting period[177]. Employee and Community Engagement - The total number of employees in the parent company is 2,721, while the total number of employees in major subsidiaries is 3,163, resulting in a combined total of 5,884 employees[139]. - The company has engaged in social responsibility initiatives, including donations totaling 14.70 million yuan for community support and infrastructure repairs[165]. - Total investment in poverty alleviation and rural revitalization projects amounted to CNY 2.064 million in 2024, benefiting 200 individuals[166].