Financial Performance - The total revenue reached approximately RMB 8,919.2 million, an increase of about 10.7% compared to the previous year[3]. - Gross profit was approximately RMB 1,555.3 million, up by about 5.0% year-on-year[3]. - Profit attributable to shareholders was approximately RMB 431.3 million, representing a growth of about 42.0%[3]. - Basic earnings per share were approximately RMB 0.12, compared to RMB 0.08 in the previous year[5]. - The net profit for the year was RMB 459.9 million, compared to RMB 339.8 million in the previous year[5]. - The operating profit for the group was approximately 516.37 million, with the engine division generating 434.09 million[36]. - The company reported a significant increase in total equity from the previous year, indicating strong financial health[15]. - The company achieved sales revenue of RMB 8,046,006,893.32 in 2024, compared to RMB 7,490,731,809.89 in 2023, reflecting a growth of approximately 7.4%[18]. - The company reported a net profit attributable to shareholders of RMB 431,282,798.81 for the year, an increase from RMB 303,626,849.13 in the previous year[70]. Assets and Liabilities - Total assets amounted to RMB 17,616.7 million, a slight increase from RMB 17,486.1 million in the previous year[8]. - The company’s total liabilities decreased slightly to RMB 11,248.7 million from RMB 11,378.8 million year-on-year[8]. - Total liabilities amounted to RMB 9,031,304,633.16, a decrease of 2.3% compared to RMB 9,246,252,819.51 in the previous year[9]. - The company reported a decrease in short-term borrowings to RMB 413,532,611.78, down 27.3% from RMB 568,383,530.32 in 2023[9]. - The total liabilities of the group as of December 31, 2024, were approximately RMB 9,031.3 million, a decrease of about RMB 215.0 million from RMB 9,246.3 million as of December 31, 2023[145]. Cash Flow - In 2024, the company reported cash inflows from operating activities of RMB 8,709,803,149.78, an increase of 13.2% compared to RMB 7,689,681,721.06 in 2023[18]. - The net cash flow from operating activities for 2024 was RMB 718,295,494.62, significantly up from RMB 145,763,617.81 in 2023, indicating improved operational efficiency[18]. - The company reported a decrease in cash and cash equivalents at the end of 2024, totaling RMB 2,100,858,686.31, down from RMB 2,181,163,417.65 at the end of 2023[19]. - Cash and cash equivalents at year-end totaled $2.74 billion, up from $2.32 billion at the beginning of the year[59]. Research and Development - Research and development expenses rose to RMB 451.6 million, compared to RMB 407.5 million in the previous year[4]. - Research and development expenses amounted to approximately RMB 397.84 million, representing 5.07% of total revenue, with 199 new patent applications filed and 147 patents granted[95]. - The company has 375 invention patents and continues to invest in R&D, maintaining a strong focus on clean energy and high-end intelligent equipment[106]. Market Strategy and Future Plans - The company plans to continue expanding its market presence and investing in new technologies to enhance its competitive edge in the clean energy and high-end intelligent equipment sectors[22]. - The company is focusing on green low-carbon transformation and innovation-driven development to enhance product value and market competitiveness[77]. - The company has implemented a strategy for resource integration, focusing on high-end research and global market expansion[98]. - The company is actively pursuing market expansion and strategic partnerships with industry leaders, including China Eastern Electric Group and China Railway Tunnel Group[91]. Governance and Compliance - The company has complied with the corporate governance code and has not identified any data indicating non-compliance during the fiscal year ending December 31, 2024[193]. - The audit and risk management committee has reviewed the company's financial reporting procedures and internal control systems for the fiscal year ending December 31, 2024[194]. - The remuneration committee is responsible for formulating the salary policies for directors and senior management, with decisions regarding their own remuneration not being part of the discussions[196]. Dividends and Shareholder Returns - The board proposed a final dividend of RMB 0.035 per share for the fiscal year 2024, totaling approximately RMB 128.96 million, compared to RMB 73.69 million for the fiscal year 2023[134]. - The company plans to distribute a dividend of RMB 0.02 per share, totaling RMB 73,692,803.08 based on 3,684,640,154 shares issued[73].
重庆机电(02722) - 2024 - 年度业绩