杭州禾迈电力电子股份有限公司2025 年第一季度报告 证券代码：688032 证券简称：禾迈股份 杭州禾迈电力电子股份有限公司 2025 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 1 / 12 单位：元 币种：人民币 项目 本报告期 上年同期 本报告期比上 年同期增减变 动幅度(%) 营业收入 336,141,815.09 331,313,681.76 1.46 归属于上市公司股东的净利润 -10,357,558.11 67,302,017.75 -115.39 归属于上市公司股东的扣除非 经常性损益的净利润 -9,689,531.94 66,186,753.50 -114.64 经营活动产生的现金流量净额 -347,823,719.94 78,311,759.24 -544.15 基本每股收益（元/股） -0.08 0.54 -114.8 ...

Financial Performance - The company's operating revenue for 2024 was CNY 1,296,684,142.44, representing a year-on-year increase of 1.51% compared to CNY 1,277,448,163.59 in 2023[24]. - The net profit attributable to shareholders of the listed company decreased by 46.86% to CNY 92,516,653.24 in 2024 from CNY 174,095,012.27 in 2023[24]. - The basic earnings per share for 2024 was CNY 0.39, down 46.58% from CNY 0.73 in 2023[25]. - The weighted average return on equity decreased by 5.41 percentage points to 5.22% in 2024 from 10.63% in 2023[25]. - The total assets increased by 7.47% to CNY 2,335,947,713.37 at the end of 2024, compared to CNY 2,173,616,430.48 at the end of 2023[24]. - The company reported a net cash flow from operating activities of -CNY 83,348,526.43 in 2024, a significant decrease of 162.15% compared to CNY 134,104,643.75 in 2023[24]. Dividend Policy - The company plans to distribute a cash dividend of RMB 1.14 per 10 shares (including tax), resulting in a total cash dividend of RMB 27,882,668.23 based on 244,584,809 shares eligible for distribution, reflecting a cash dividend payout ratio of 30.14% for the year 2024[6]. - The company has a total share capital of 245,760,841 shares as of December 31, 2024, after deducting 1,176,000 shares from the restricted stock incentive plan and 32 shares held in the repurchase account[6]. - The company has maintained a stable cash dividend policy, with no adjustments made during the reporting period, ensuring investor returns are prioritized[149]. Risk Management - There are no significant risk events reported during the reporting period, indicating a stable operational environment[8]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for providing guarantees[8]. - The company has not faced any issues with a majority of directors being unable to guarantee the authenticity and completeness of the annual report[8]. - The company emphasizes that forward-looking statements in the report are based on subjective assumptions and may differ from actual results due to various factors[7]. - The company is actively addressing macroeconomic risks by strengthening information collection and risk management strategies, while promoting high-tech and data integration in project development[113]. Market Expansion and Development - The company is focusing on high-quality development and expanding its market presence in Southeast Asia and the Middle East, as well as exploring new markets like the Philippines and Kenya[34]. - The company has accelerated its overseas expansion, particularly in Indonesia, where it has established a leading position through successful geotechnical engineering projects, enhancing its overseas business foundation[36]. - In the Philippines, the company has made significant breakthroughs by forming a localized professional team and winning multiple key engineering projects, driving business growth in Southeast Asia[36]. - The Middle East market has shown remarkable growth, with the company leveraging its technical expertise to secure numerous high-quality orders, becoming a new engine for overseas business growth[36]. - The company is actively investing in new materials, such as perovskite solar cells, and exploring applications in commercial aerospace[51]. Research and Development - Research and development expenses surged by 87.68% to approximately ¥40.58 million, reflecting increased investment in the new energy sector[59]. - The company has applied for over 20 patents in the field of perovskite solar cells, enhancing its technological barriers in this area[78]. - The company aims to enhance its global competitiveness by focusing on innovation and talent, with a strategy to expand both domestically and internationally[107]. - By 2025, the company will increase R&D investment to explore the commercial potential of perovskite materials in various advanced fields[109]. Governance and Compliance - The company emphasizes the importance of information disclosure and has a robust governance structure that includes a board of directors, supervisory board, and management team to ensure effective checks and balances[120]. - The board of directors operates in compliance with legal requirements, ensuring that decision-making processes are lawful and that directors fulfill their duties diligently[121]. - The company has established a fair and transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management, ensuring that incentives are closely tied to individual contributions and responsibilities[122]. - The company has not engaged in any related party transactions that would affect its independence[124]. Environmental and Social Responsibility - The company has implemented carbon reduction measures, including the promotion of low-emission and high-efficiency "high vacuum" geotechnical engineering technology[168]. - The company actively engages in environmental education activities to raise awareness in local communities about environmental protection[167]. - The company is committed to sustainable development and aims to enhance its brand image and soft power in overseas markets through responsible practices[172]. - The company is focused on creating job opportunities and improving local infrastructure in overseas markets, contributing to social development[171].

Financial Performance - The company's revenue for Q1 2025 was CNY 18,075,417.57, representing a 2.05% increase compared to CNY 17,712,605.28 in the same period last year[2] - The net profit attributable to shareholders was a loss of CNY 20,062,120.32, compared to a loss of CNY 12,937,677.27 in the previous year, indicating a significant decline[2] - The basic earnings per share decreased to -CNY 0.20 from -CNY 0.13 year-on-year[3] - Net loss for Q1 2025 was ¥19,328,177.98, compared to a net loss of ¥13,318,320.01 in Q1 2024, reflecting a deterioration in performance[16] Research and Development - Research and development expenses totaled CNY 9,825,617.15, accounting for 54.36% of revenue, down from 56.30% in the previous year[3] - Research and development expenses increased to ¥9,825,617.15 in Q1 2025, up from ¥8,005,132.28 in Q1 2024, indicating a focus on innovation[15] Cash Flow and Liquidity - The net cash flow from operating activities was -CNY 25,152,772.56, slightly improved from -CNY 25,341,712.82 in the previous year[2] - The net cash flow from operating activities for Q1 2025 was -¥25,152,772.56, slightly improved from -¥25,341,712.82 in Q1 2024[18] - Cash and cash equivalents at the end of Q1 2025 stood at ¥68,602,616.03, compared to ¥51,270,199.85 at the end of Q1 2024[19] Assets and Liabilities - Total assets decreased by 7.06% to CNY 553,403,052.84 from CNY 595,417,705.75 at the end of the previous year[3] - The company's current assets decreased to RMB 383,381,670.11 from RMB 421,015,645.24, representing a decline of about 8.95%[11] - The total liabilities decreased to RMB 139,187,289.90 from RMB 161,873,764.83, indicating a reduction of approximately 14.06%[13] - The company's cash and cash equivalents dropped to RMB 71,698,904.52 from RMB 115,725,145.02, a decrease of around 38.06%[11] - The total equity attributable to the parent company decreased to RMB 415,877,700.17 from RMB 435,939,820.49, a decline of about 4.59%[13] - The company's short-term borrowings decreased to RMB 50,050,416.68 from RMB 70,061,638.90, a reduction of approximately 28.63%[12] - The total liabilities to equity ratio improved to approximately 33.57% from 37.29%, indicating a strengthening of the company's financial position[13] Operating Costs - Total operating costs rose to ¥37,862,054.72 in Q1 2025, up 9.88% from ¥34,622,413.48 in Q1 2024[15] - Selling expenses for Q1 2025 were ¥7,483,675.03, compared to ¥6,912,600.48 in Q1 2024, reflecting increased marketing efforts[15] Government Support - The company received government subsidies amounting to CNY 6,500.00, which are expected to have a continuous impact on profits[4] Non-Recurring Items - The total non-recurring gains and losses amounted to CNY 41,388.67 after tax adjustments[5] Future Plans - The company plans to continue focusing on R&D and improving operational efficiency to address the increased operating costs and declining gross margins[5]

Financial Performance - The company's operating revenue for Q1 2025 was ¥206,597,801.19, a decrease of 43.09% compared to ¥363,023,438.22 in the same period last year[5]. - The net loss attributable to shareholders was ¥68,365,454.56, compared to a loss of ¥15,842,321.07 in the previous year[5]. - The net cash flow from operating activities was negative at ¥4,050,243.96, a significant decline from a positive cash flow of ¥21,998,961.19 in the same period last year[5]. - Total operating revenue decreased to ¥206,597,801.19 from ¥363,023,438.22, representing a decline of approximately 43.2%[22]. - Operating profit turned negative at -¥76,570,411.86 compared to -¥19,908,640.89 in the previous period[23]. - Net profit also declined to -¥76,284,917.68 from -¥24,451,294.07, indicating a worsening loss situation[23]. - The net profit attributable to the parent company was -68,365,454.56, compared to -15,842,321.07 in the previous period, indicating a significant decline[24]. - The total comprehensive income attributable to the parent company was -68,507,804.74, down from -15,814,817.61 in the previous period[24]. - The basic and diluted earnings per share were both -0.0527, compared to -0.0122 in the previous period[24]. Assets and Liabilities - The company's total assets decreased by 0.99% to ¥6,053,293,977.22 from ¥6,113,528,499.69 at the end of the previous year[5]. - Current assets totaled ¥1,355,205,305.67, down from ¥1,401,755,463.26, a decrease of approximately 3.3%[20]. - Non-current assets slightly decreased to ¥4,698,088,671.55 from ¥4,711,773,036.43, a reduction of about 0.3%[20]. - Total liabilities increased to ¥5,539,344,277.34 from ¥5,523,151,531.94, reflecting a rise of approximately 0.3%[20]. - The company's equity attributable to shareholders decreased by 13.04% to ¥456,779,178.09 from ¥525,286,982.84 at the end of the previous year[5]. Cash Flow - Cash inflows from operating activities totaled 397,862,931.92, an increase from 282,004,095.46 in the previous period[26]. - The net cash flow from investing activities was -25,603,318.25, an improvement from -58,676,823.84 in the previous period[26]. - Cash inflows from financing activities were 756,200,000.00, down from 946,572,741.84 in the previous period[26]. - The net cash flow from financing activities was -8,522,852.55, compared to 37,485,073.32 in the previous period[26]. - The ending cash and cash equivalents balance was 222,769,322.57, down from 304,717,701.02 in the previous period[27]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 64,032[10]. - The largest shareholder, Hainan Huadong Industrial Co., Ltd., held 22.89% of the shares, amounting to 296,989,889 shares, with 148,494,944 shares pledged[10]. - The company reported a total of 107,216,412 shares held by Yunnan International Trust Co., Ltd. under the single fund trust No. 36[11]. - The top shareholder, Hainan Huatong Industrial Co., Ltd., holds 296,989,889 shares, representing a significant portion of the company's equity[11]. Legal and Debt Matters - The company is pursuing legal action against Southern Tongzheng and Haiyao Real Estate for outstanding debts totaling 311,169,942.04 yuan, along with additional interest and penalties[15]. - The company has collateralized properties, including 110 sets of commercial housing, to secure debts owed by Haiyao Real Estate[14]. - The company has established a debt transfer agreement with Southern Tongzheng, with a net value of 446,362,578.91 yuan for receivables[13]. - The company has disclosed multiple announcements regarding debt agreements and legal proceedings to keep stakeholders informed[16]. Research and Development - Research and development expenses were ¥14,505,089.72, down 36.93% from ¥22,999,618.72 in the previous year[8]. - Research and development expenses decreased to ¥14,505,089.72 from ¥22,999,618.72, a reduction of approximately 37.0%[23]. Other Income - Other income increased by 134.50% to ¥6,114,690.92, compared to ¥2,607,514.61 in the same period last year, mainly due to increased government subsidies[8]. - The company reported a significant increase in other income to ¥6,114,690.92 from ¥2,607,514.61, an increase of about 134.0%[23].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 355,825,096.30, a decrease of 5.68% compared to CNY 377,270,519.57 in the same period last year[3] - The net profit attributable to shareholders was a loss of CNY 5,619,211.21, representing a decline of 179.42% from a profit of CNY 7,075,145.30 in the previous year[3] - The basic earnings per share decreased to -CNY 0.01, down 200.00% from CNY 0.01 in the same period last year[3] - The net cash flow from operating activities was -CNY 126,433,261.15, compared to -CNY 33,187,381.29 in the previous year, indicating a significant increase in cash outflow[3] - The decline in net profit was primarily due to lower sales prices of main products and increased interest expenses on convertible bonds[6] - The company reported a net profit of -6,468,429.36 RMB for Q1 2025, a significant decline compared to a net profit of 9,392,557.50 RMB in Q1 2024, indicating a year-over-year decrease of approximately 168.9%[30] - Operating profit for Q1 2025 was -9,645,914.98 RMB, contrasting with an operating profit of 9,305,190.04 RMB in Q1 2024, reflecting a substantial decline[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,095,162,635.26, a slight decrease of 0.05% from CNY 4,097,165,919.14 at the end of the previous year[4] - The company's total assets amounted to RMB 4,095,162,635.26, slightly down from RMB 4,097,165,919.14 at the end of 2024[12] - Total liabilities as of the latest reporting period were CNY 2,003,967,960.11, slightly up from CNY 1,995,847,080.21[14] - The total liabilities increased to CNY 2,278,568,865.61 from CNY 2,130,677,563.57 in the previous period[27] - The total equity attributable to shareholders was CNY 2,091,093,629.74, down from CNY 2,101,322,754.21[14] - The company's total equity decreased to CNY 2,001,954,097.99 from CNY 2,013,638,675.25[27] Cash Flow - Cash received from sales of goods and services in Q1 2025 was CNY 206,433,655.54, down from CNY 214,998,283.29 in Q1 2024[21] - The cash inflow from investment activities was CNY 253,665,249.92, compared to CNY 358,573.64 in the previous period[22] - The net cash flow from financing activities was CNY 92,522,715.52, down from CNY 136,840,713.79 in the previous period[23] - The company reported a net increase in cash and cash equivalents of CNY 98,563,262.20 for the period[23] - Cash flow from operating activities generated a net inflow of 29,284,335.58 RMB in Q1 2025, compared to a net outflow of -27,251,857.59 RMB in Q1 2024, marking a turnaround in operational cash flow[32] Costs and Expenses - Total operating costs for Q1 2025 were CNY 368,130,773.42, slightly down from CNY 376,898,102.18 in Q1 2024[17] - The operating cost for Q1 2025 was CNY 319,525,124.64, an increase of 2.1% from CNY 311,307,487.56 in Q1 2024[29] - Research and development expenses for Q1 2025 were CNY 13,122,243.80, up from CNY 10,057,800.30 in Q1 2024, indicating a focus on innovation[18] - The company incurred financial expenses of 9,425,414.35 RMB in Q1 2025, significantly higher than 4,471,524.53 RMB in Q1 2024, representing an increase of about 110.5%[30] Shareholder Information - The company reported a total of 137,646,667 shares held by Hongbo Chemical Co., Ltd., representing 21.68% of total shares[10] - The company has no significant changes in the participation of major shareholders in financing and securities lending activities[10] - There are no significant reminders for investors regarding the company's operational situation during the reporting period[11]

Financial Performance - The company's operating revenue for 2024 reached ¥722,079,965.55, representing a year-on-year increase of 14.91% compared to ¥628,370,343.81 in 2023[21] - The net profit attributable to shareholders of the listed company for 2024 was -¥190,197,414.04, worsening from -¥157,054,713.27 in 2023[21] - The net cash flow from operating activities improved to ¥85,376,502.61 in 2024, compared to -¥105,067,600.38 in 2023[21] - Total assets decreased by 11.81% to ¥2,342,194,927.56 at the end of 2024, down from ¥2,655,813,183.87 at the end of 2023[21] - The net assets attributable to shareholders of the listed company decreased by 16.10% to ¥1,027,690,502.82 at the end of 2024, down from ¥1,224,855,442.11 at the end of 2023[21] - The company reported a decrease in revenue from non-main business activities, with the adjusted operating revenue at ¥712,940,535.06, a 13.87% increase from ¥626,100,612.11 in 2023[21] Profit Distribution and Capital Reserves - The company plans not to distribute profits or increase capital reserves for 2024 due to a lack of profitability[6] - The company has established a cash dividend policy, prioritizing cash dividends when conditions are met, with a minimum annual cash distribution of 10% of distributable profits[132] - For the recent three years, the cumulative cash dividends distributed should not be less than 30% of the average annual distributable profits[132] - The company plans not to distribute profits or increase capital reserves due to a projected net loss of approximately ¥190.2 million[135] Risk Management - The company has outlined various risk factors in its management discussion and analysis section, which investors should consider[8] - The company is closely monitoring national policies on debt risk prevention and has formed a special team to enhance the efficiency of accounts receivable recovery[35] - The company is committed to enhancing its internal risk prevention system and improving accounts receivable management to mitigate bad debt risks[100] Operational Strategy - The company is focusing on risk identification and optimizing order structure to ensure the acquisition of projects with guaranteed funding[31] - The company is committed to strengthening internal management to promote cost reduction and efficiency improvement for long-term healthy development[29] - The company is engaged in the full industrial chain business, focusing on ecological restoration, urban renewal, and rural revitalization projects[40] - The company aims to enhance its core competitiveness by expanding into cultural, sports, tourism, new infrastructure, and new materials sectors[97] Research and Development - During the reporting period, the company completed 10 self-initiated research projects and applied for 14 new plant varieties, with 9 granted authorization, demonstrating a strong commitment to R&D[33] - The company has published 6 papers and established 4 group and local standards, indicating its active role in setting industry benchmarks[34] - Research and development expenses decreased by 52.75% to 10.54 million RMB, reflecting reduced investment in R&D[51] Market Position and Competition - The gross profit margin for some projects remains low due to weak industry demand and increasing competition[30] - The company recognizes the increasing competition in the landscaping industry and aims to strengthen its brand influence and operational capabilities[94] - The company faces intensified market competition, which may adversely affect its market share and performance growth[99] Corporate Governance - The company held one annual and one extraordinary shareholders' meeting, ensuring compliance with legal procedures[103] - The board of directors convened four meetings in 2024, adhering to relevant laws and regulations, and established specialized committees to support decision-making[104] - The supervisory board also held four meetings in 2024, fulfilling its responsibilities to oversee financial conditions and protect shareholder interests[104] Shareholder Commitments - The company has commitments from major shareholders to not transfer or manage their shares for 36 months post-IPO[151] - The company’s controlling shareholder, Garden Group, has committed to not transfer shares for 36 months and to maintain a minimum selling price post-lockup[152] - The company’s directors and senior management have similar commitments to not transfer shares for 12 months post-IPO[154] Environmental Responsibility - The company is committed to environmental responsibility and aims to contribute to ecological civilization, although it does not currently have a formal environmental protection mechanism[146] - The company made a total donation of 250 million yuan for public welfare projects during the reporting period[148] - The company did not disclose any environmental information or measures taken to reduce carbon emissions[147] Employee and Talent Development - The company has a strong talent pool with 279 employees holding a bachelor's degree or higher, including 40 in a mature R&D team[49] - The company emphasizes talent development through internal training and external exchanges, aiming to optimize talent structure in line with strategic planning[36] - The workforce includes 158 production personnel, 58 sales personnel, 173 technical personnel, 13 financial personnel, 39 administrative personnel, and 30 management personnel[128] Financial Auditing - The company has received a standard unqualified audit report from its accounting firm, indicating the financial statements' reliability[5] - The company appointed Lixin Accounting Firm as its auditor for the 2024 fiscal year, with an audit fee of CNY 1,280,000[177]

Financial Performance - The company's operating revenue for Q1 2025 was CNY 277,626,738.17, representing a year-on-year increase of 15.63% compared to CNY 240,100,202.89 in the same period last year[4] - Net profit attributable to shareholders was CNY 17,300,639.01, a decrease of 11.72% from CNY 19,597,627.96 in the previous year[4] - Basic and diluted earnings per share were both CNY 0.25, down 10.71% from CNY 0.28 in the previous year[5] - The total comprehensive income for Q1 2025 was CNY 16,241,419.18, down 13.0% from CNY 18,656,421.03 in Q1 2024[18] - The net profit for Q1 2025 was CNY 17,300,639.01, a decrease of 11.7% compared to CNY 19,597,627.96 in Q1 2024[17] Cash Flow and Liquidity - The net cash flow from operating activities increased by 11.76% to CNY 56,597,180.16, up from CNY 50,639,659.13 in the same period last year[4] - Cash inflow from operating activities totaled CNY 373,216,908.03, up from CNY 342,873,620.84 in the previous year, indicating a growth of 8.8%[20] - Cash outflow from operating activities was CNY 316,619,727.87, compared to CNY 292,233,961.71 in Q1 2024, representing an increase of 8.3%[20] - The company reported cash and cash equivalents at the end of Q1 2025 of CNY 502,799,742.85, down from CNY 798,231,597.92 at the end of Q1 2024[21] - Cash and cash equivalents decreased to ¥502,799,742.85 as of March 31, 2025, from ¥671,379,598.04 at the end of 2024, indicating liquidity challenges[12] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,853,526,226.75, reflecting a slight increase of 0.42% from CNY 2,841,523,646.24 at the end of the previous year[5] - Total liabilities decreased marginally to ¥613,798,519.76 from ¥618,037,358.46, showing improved debt management[14] - Total assets as of March 31, 2025, amounted to ¥2,853,526,226.75, a slight increase from ¥2,841,523,646.24 at the end of 2024[15] Shareholder Information - The total number of common shareholders at the end of the reporting period was 7,755[9] - The largest shareholder, Changzhou Kaizhong Investment Co., Ltd., held 31,500,000 shares, accounting for 44.8% of the total shares[9] - Shareholders' equity attributable to the parent company increased by 0.73% to CNY 2,238,731,924.45 from CNY 2,222,490,505.24 at the end of the previous year[5] Operational Insights - Total operating costs for Q1 2025 were ¥263,360,747.74, up 19.4% from ¥220,502,543.47 in Q1 2024[16] - Gross profit for Q1 2025 was ¥14,265,990.43, representing a decrease in gross margin due to rising costs[16] - Research and development expenses increased to ¥17,951,250.70 in Q1 2025, compared to ¥15,539,687.26 in Q1 2024, reflecting a focus on innovation[16] - Inventory levels increased to ¥341,626,860.99 as of March 31, 2025, from ¥314,766,673.95 at the end of 2024, suggesting potential overstocking[12] Future Outlook - The company has not disclosed any new product developments or market expansion strategies in this report[1] - The company plans to expand its market presence and invest in new technologies to drive future growth[16] Non-Recurring Items - The company reported non-recurring gains and losses totaling CNY 2,867,199.59 for the period[7]

杭州市园林绿化股份有限公司2025 年第一季度报告 证券代码：605303 证券简称：园林股份 杭州市园林绿化股份有限公司 2025 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 (一) 主要会计数据和财务指标 单位：元 币种：人民币 | | | | 本报告期比上年同 | | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期 | 期增减变动幅度 | | | | | (%) | | 营业收入 | 167,175,494.18 | 136,686,698.90 | 22.31 | | 归属于上市公司股东的净利 | -15,721,563.08 | -17 ...

Financial Performance - The company's operating revenue for 2024 reached ¥1,335,738,641.09, an increase of 8.25% compared to ¥1,233,941,503.26 in 2023[22] - The net profit attributable to shareholders for 2024 was ¥86,721,095.79, a decrease of 19.42% from ¥107,625,104.97 in 2023[22] - The company's revenue for the reporting period was 1,335,738,641.09 CNY, an increase of 8.25% year-on-year, while the net profit attributable to shareholders decreased by 19.42% to 86,721,095.79 CNY[34] - The net profit after deducting non-recurring gains and losses was ¥79,423,957.65, down 21.53% year-on-year[41] - The net profit attributable to shareholders for the current period is CNY 2,222,490,505.24, representing a 2.51% increase compared to CNY 2,168,050,237.83 in the previous year[25] - The total assets of the company increased by 6.02% to CNY 2,841,523,646.24 from CNY 2,680,281,995.33 year-on-year[25] - Basic earnings per share decreased by 18.95% to CNY 1.24 from CNY 1.53 in the previous year[26] - The weighted average return on equity decreased to 3.96% from 5.07% year-on-year, reflecting a decline of 1.11 percentage points[26] Dividend and Profit Distribution - The company plans to distribute a cash dividend of ¥3.75 per 10 shares, totaling ¥26,324,592.00, which represents a cash dividend payout ratio of 30.36%[6] - As of December 31, 2024, the company's undistributed profits amounted to ¥958,198,953.72[6] - The company declared a cash dividend of CNY 26,324,592, which represents 30.36% of the net profit attributable to ordinary shareholders in the consolidated financial statements[122] - Over the last three accounting years, the cumulative cash dividend amounted to CNY 77,569,797.76, with an average net profit of CNY 80,975,120.66, resulting in a cash dividend ratio of 95.79%[124] Operational Insights - The company has maintained its registered address without any changes during the reporting period[18] - The audit report issued by Tianjian Accounting Firm confirmed the financial report's authenticity and completeness[5] - The company has not faced any violations in decision-making procedures regarding external guarantees[8] - The management has highlighted potential risks in the "Management Discussion and Analysis" section of the report[8] - The company has implemented a cost control strategy through lean management and strategic procurement, aiming for sustainable profit improvement[40] Market and Industry Trends - In 2024, China's furniture and parts export value reached 67.884 billion USD, a year-on-year growth of 5.80%, indicating a slowdown compared to the 7.70% growth from January to September[34] - The smart office desk market is expected to grow at a compound annual growth rate of 12-15%, reaching 10-12 billion USD by 2030, driven by increased demand for hybrid and home office setups[35] - The electric tailgate market for automobiles is expanding, with China's automotive production and sales expected to grow by 3.7% and 4.5% respectively in 2024, highlighting the increasing consumer preference for smart features[37] - The smart home industry is experiencing a shift towards intelligent and functional furniture, driven by aging society and consumer upgrades, indicating significant market growth potential[71] Research and Development - The company has a self-manufacturing capability of 60% for its product components, enhancing its competitive edge in the linear drive system market[39] - The company holds 52 invention patents, 283 utility model patents, and 145 design patents, reflecting its strong commitment to innovation and technology development[39] - Research and development expenses increased by 18.61% to ¥66,331,792.09[42] - The company employed 279 R&D personnel, representing 13.50% of the total workforce[55] Governance and Compliance - The governance structure of the company is robust, ensuring compliance with legal and regulatory requirements, which supports operational efficiency[90] - The company has a remuneration and assessment committee that reviews the annual salary execution and plans for the following year[100] - The company has confirmed the reappointment of Tianjian Accounting Firm for the 2024 financial audit, emphasizing their qualifications and experience[111] - The company will ensure timely disclosure of information in accordance with regulatory requirements following the warning letter received[104] Risk Management - The company is enhancing risk management by implementing regular monitoring of overdue accounts receivable and inventory reviews to prevent losses[83] - The company is exposed to exchange rate fluctuations, particularly with a high proportion of revenue in USD and EUR, and is implementing hedging strategies to manage this risk[87] - Raw material costs, including steel and aluminum, significantly impact the company's production costs and gross margins, prompting a focus on supply chain management and long-term supplier relationships[86] Employee and Talent Management - The company has a comprehensive salary policy based on position, capability requirements, and performance assessments, ensuring competitive compensation aligned with sustainable development[117] - The company conducted a training program aimed at enhancing employee skills, with an average of 40 hours of training per employee annually[118] - The company is focused on maintaining competitive compensation packages to attract and retain talent[100] Investment and Financial Management - The company has invested CNY 139.88 million in environmental protection during the reporting period[130] - The company actively installed rooftop photovoltaic systems to contribute to environmental improvement and sustainability[132] - The company has allocated 20,000 million RMB from idle raised funds and 60,000 million RMB from idle self-owned funds for bank financial products, with an outstanding balance of 38,000 million RMB[156] - The company has a planned investment of 84,117.67 million RMB for a project, with a cumulative investment of 68,925.26 million RMB, representing an investment progress of 81.94%[161]

Financial Performance - The company reported a net profit attributable to shareholders of the listed company as a loss for the fiscal year 2024[6]. - The company's operating revenue for 2024 reached CNY 1,477,475,520.58, representing a 6.68% increase compared to CNY 1,385,021,174.60 in 2023[23]. - The net profit attributable to shareholders for 2024 was CNY -30,867,099.41, a decrease of 147.51% from CNY 64,970,898.56 in 2023[23]. - The basic earnings per share for 2024 was CNY -0.05, a decline of 145.45% from CNY 0.11 in 2023[24]. - The company experienced a significant decrease in net profit due to intensified market competition and a decline in sales prices exceeding the reduction in costs[25]. - The company reported a decrease in non-operating income and expenses, totaling 7.31 million RMB, compared to 23.23 million RMB in the previous year[29]. - The company achieved a total revenue of CNY 1,477,475,520.58, representing a year-on-year increase of 6.68%[51]. - The net profit attributable to shareholders was CNY -30,867,100, a decrease of 147.51% compared to the previous year[51]. Cash Flow and Dividends - The company repurchased a total of 14.22 million shares for a total amount of 88.91 million yuan, which is considered as cash dividends due to the net loss for the year[6]. - The company plans not to distribute cash dividends or increase capital reserves for the fiscal year 2024, considering its financial condition and operational needs[6]. - The cash flow from operating activities for 2024 was CNY 276,625,342.51, an increase of 41.97% compared to CNY 194,844,487.00 in 2023[23]. - The company plans to distribute a cash dividend of CNY 0.04 per share, totaling CNY 24,492,205.92, which represents a cash dividend ratio of 37.70% for the year 2023[149]. - In 2024, the company will not distribute any cash dividends due to a net loss attributed to shareholders, prioritizing financial stability and long-term shareholder interests[150]. Assets and Liabilities - The total assets of the company increased by 36.59% to CNY 4,097,165,919.14 at the end of 2024, up from CNY 2,999,633,547.52 at the end of 2023[23]. - The net assets attributable to shareholders at the end of 2024 were CNY 2,101,322,754.21, a 5.66% increase from CNY 1,988,713,479.46 at the end of 2023[23]. - The company's cash and cash equivalents at the end of the period amount to ¥887,106,869.49, which is 21.65% of total assets, up 409.47% from the previous period[70]. - The company has increased its short-term borrowings to ¥237,331,465.39, a rise of 1,085.53% compared to the previous period, to meet operational needs[71]. - The accounts payable increased by 51.12% to ¥278,905,581.56, primarily due to pending payments for ongoing projects[71]. - The company has issued convertible bonds, resulting in an increase in liabilities, with the total amount of bonds payable at ¥707,060,641.60[72]. Market Position and Strategy - The company ranks among the top three in the domestic functional silanes industry and has maintained the largest market share in both global and domestic markets for its sulfur-containing silane coupling agents for six consecutive years[44]. - The company plans to continue focusing on product sales growth despite the challenges posed by the macroeconomic environment[25]. - The company is focusing on developing low VOC and biodegradable silane products in response to the "dual carbon" policy[42]. - The company aims to enhance its green circular industrial chain, optimizing production processes to reduce raw material consumption and improve environmental performance[106]. - The company plans to implement a differentiated technology strategy, focusing on high-purity/specialty silanes and providing comprehensive solutions to customers[107]. - The company is targeting increased penetration in emerging markets such as Southeast Asia and India, where demand is rapidly growing[107]. Research and Development - The company filed 11 new invention patents and obtained 2 authorized patents during the reporting period, emphasizing its commitment to innovation[36]. - Research and development expenses totaled 44,877,706.52 yuan, representing 3.04% of the operating revenue[65]. - The number of R&D personnel is 241, accounting for 15.64% of the total workforce[66]. - The company is focused on continuous innovation and collaboration with research institutions to accelerate the transformation and application of technological achievements[108]. Environmental and Safety Initiatives - The company has invested CNY 65.72 million in environmental protection initiatives during the reporting period[159]. - The company has established comprehensive pollution prevention facilities and strictly adheres to national environmental protection laws and regulations[164]. - The company has implemented carbon reduction measures, resulting in a reduction of 11,836 tons of CO2 equivalent emissions[172]. - The company has constructed a wastewater treatment plant with a daily processing capacity of 3,000 tons, currently operating at 1,000 tons per day[171]. - The company has obtained ISO 14001 environmental management system certification and pollutant discharge permits[171]. Governance and Management - The company held a temporary shareholders' meeting on January 3, 2024, to elect the third board of directors, including non-independent directors[121]. - The company approved the election of Mr. Li Hanguo, Mr. Li Haoting, and Ms. Mei Lin as independent directors during the meeting[121]. - The company has established a performance evaluation system for senior management, which includes comprehensive assessments based on annual performance and management capabilities[155]. - The company has a total of 1,541 employees, with 1,351 in the parent company and 190 in major subsidiaries[145]. - The average age of the board members is approximately 56 years, with a range from 28 to 77 years[125]. Risks and Challenges - The company faces risks related to fluctuations in raw material and energy prices, which significantly impact production costs and gross margins[112]. - Environmental protection measures are in place, but the company may face increased costs and risks associated with stricter regulations and potential pollution incidents[112]. - The company is exposed to risks from international trade policies, including tariffs and trade restrictions that could affect sales to major markets such as South Korea, Japan, and North America[112]. - There is a risk of talent loss, particularly among core technical personnel, which could adversely affect the company's technological development and competitive edge[113]. - The company's performance is subject to cyclical changes in demand for its main products, silane coupling agents and fumed silica, which could lead to profit volatility[114].