Financial Performance - The company's operating revenue for 2024 reached ¥337,881,137.14, an increase of 14.19% compared to ¥295,894,431.68 in 2023[25] - The net profit attributable to shareholders for 2024 was ¥20,696,101.53, reflecting a growth of 7.46% from ¥19,258,519.55 in the previous year[25] - The gross profit margin for 2024 was 18.58%, slightly up from 18.45% in 2023[25] - The basic earnings per share for 2024 was ¥0.42, a 5% increase from ¥0.40 in 2023[25] - The company reported a net profit of ¥18,183,341.49 after deducting non-recurring gains and losses, which is a 9.82% increase from ¥16,557,393.51 in 2023[25] - The company achieved operating revenue of ¥337,881,137.14, a year-on-year increase of 14.19%, and a net profit of ¥20,696,101.53, up 7.46% compared to the previous year[41] - The company’s main business income grew by 13.35% to ¥330,545,245.48, while other business income surged by 70.92% to ¥7,335,891.66[53] - The total revenue for the company reached ¥337,881,137.14, with a year-on-year increase of 14.33%[56] Assets and Liabilities - Total assets increased by 13.33% to approximately 566.84 billion from 500.17 billion year-over-year[27] - Total liabilities rose by 30.05% to approximately 227.59 billion compared to 175.00 billion last year[27] - The total number of current assets amounted to ¥224,130,491.37, an increase from ¥183,501,659.10 in 2023[194] - The company reported a total liability of ¥234,923,455.12, up from ¥166,677,728.20, indicating an increase of about 41%[199] - Current liabilities rose to ¥172,754,556.07, compared to ¥105,655,081.78, marking an increase of about 63.4%[199] - Non-current liabilities totaled ¥62,168,899.05, slightly up from ¥61,022,646.42, indicating a growth of 1.9%[199] Cash Flow - Cash flow from operating activities surged by 494.00% to approximately 32.00 million from 5.39 million year-over-year[28] - The net cash flow from operating activities increased by 494.00% to ¥32,002,991.82, primarily due to a reduction in cash paid for goods and services[67] - The net cash flow from financing activities rose by 603.44% to ¥28,984,733.36, mainly due to an increase in cash received from borrowings[67] - The company’s cash and cash equivalents decreased to ¥21,146,652.08 in 2024 from ¥33,087,732.31 in 2023, indicating a potential liquidity concern[194] Research and Development - Research and development expenses accounted for 4.43% of operating revenue, with increased investment in new product development and collaboration with universities[42] - R&D expenditure amounted to ¥14,966,349.94, representing 4.43% of operating revenue, an increase from 4.18% in the previous period[78] - The total number of R&D personnel increased to 60, accounting for 12.24% of total employees, up from 11.88%[80] - The company is focusing on technological upgrades and R&D investments towards integrated, modular, and intelligent solutions in the hydraulic components industry[103] Market and Industry Outlook - The industry outlook for 2025 indicates a stable economic environment with expected growth rates around 4.5% for key economic indicators[44] - The hydraulic components industry is expected to see significant growth driven by policy support, market demand, and technological innovation, with a focus on achieving self-sufficiency in core components by 2025[95] Corporate Governance - The company has established a comprehensive governance structure to mitigate risks associated with the actual controllers' influence on strategic and operational decisions[102] - The company has implemented a comprehensive internal control system to manage operational risks effectively[177] - The governance mechanism is deemed effective, providing adequate protection and equal rights for all shareholders[160] - The company has established a comprehensive internal information disclosure system to protect investors' rights and ensure timely and accurate information dissemination[181] Shareholder Information - The total number of ordinary shares increased from 48,750,000 to 49,800,000 during the reporting period[123] - The largest shareholder, Huai'an Haoxin Hydraulic Co., Ltd., holds 28.1124% of the company's shares[129] - The top ten shareholders collectively hold 68.85% of the company's shares, with significant changes in individual holdings during the reporting period[125] - The company plans to distribute a cash dividend of 1.5 CNY per 10 shares, which is compliant with its articles of association and relevant regulations[143] Environmental and Social Responsibility - The company was recognized as a "Green Factory" in Jiangsu Province in December 2024, highlighting its commitment to sustainability[5] - The company has implemented strict environmental protection measures, ensuring that emissions meet local standards, including compliance with the Jiangsu Province air pollution discharge standards[92] - The company is committed to social responsibility, actively engaging in charitable donations and supporting local government initiatives[91] Legal and Compliance - The company has no significant ongoing litigation or arbitration matters during the reporting period[110] - The company has not provided guarantees for other enterprises during the reporting period[161] - The audit report for the company was issued without any reservations, confirming the fair presentation of financial statements[185] Employee Information - The total number of employees increased from 464 to 490, representing a growth of approximately 5.6%[152] - The company has implemented a comprehensive salary and performance management system to enhance employee motivation and retention[153] - The total pre-tax remuneration paid to directors, supervisors, and senior management during the reporting period was 1.6854 million yuan[150]
威博液压(871245) - 2024 Q4 - 年度财报