GACO(600523)2025-03-14 15:35Financial Performance - In 2024, the total assets of Guizhou Guihang Automotive Parts Co., Ltd. reached approximately CNY 4.18 billion, an increase of 8.94% compared to 2023[15]. - The company's operating revenue for 2024 was approximately CNY 2.38 billion, reflecting a year-on-year growth of 1.95%[15]. - The net profit attributable to shareholders of the listed company was approximately CNY 177.65 million, an increase of 8.23% from the previous year[15]. - The total profit for the year was 197 million RMB, an increase of 0.66% compared to the previous year[27]. - The net profit attributable to shareholders was approximately 36.73 million RMB, a decrease from 43.24 million RMB in the previous year[20]. - The weighted average return on net assets for 2024 was 5.92%, an increase of 0.21 percentage points compared to the previous year[15]. - The company reported a net asset return rate of 5.92%, which is an increase of 0.21 percentage points from the previous year[27]. Cash Flow - The net cash flow from operating activities decreased significantly by 93.72% to approximately CNY 8.21 million[15]. - The net cash flow from operating activities was -73.42 million RMB, indicating a significant cash outflow compared to 69.25 million RMB in the previous year[20]. Dividends - The company plans to distribute a cash dividend of CNY 1.32 per 10 shares, totaling CNY 53.37 million, which accounts for 30.04% of the net profit attributable to shareholders[5]. Industry Overview - The automotive industry in China saw a total production and sales volume of 31.28 million and 31.44 million vehicles, respectively, with year-on-year growth of 3.7% and 4.5%[7]. - The sales volume of new energy vehicles reached 12.89 million units, with a year-on-year increase of 34.4%, representing 40.9% of total new vehicle sales[7]. - The automotive parts market in China is expected to reach a scale of CNY 4.13 trillion, driven by the rapid development of new energy vehicles[8]. Research and Development - Research and development investment reached 156 million RMB, reflecting a year-on-year increase of 12.87%[27]. - The company has established six provincial-level technology centers, enhancing its product development and technological upgrade capabilities[8]. Strategic Focus - The proportion of new energy orders in the newly signed contracts continued to increase, indicating a strategic focus on market expansion in this area[28]. - The company is enhancing its core competitiveness by promoting technological innovation and product optimization in the thermal management industry[28]. - The company is committed to digital transformation and aims to establish a smart enterprise framework[28]. Shareholder Information - The number of ordinary shareholders decreased from 25,759 to 24,977 during the reporting period[19].