胜利股份(000407) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was CNY 4,225,821,777.57, a decrease of 9.65% compared to CNY 4,677,169,179.62 in 2023[11]. - The net profit attributable to shareholders for 2024 was CNY 117,241,568.50, down 23.57% from CNY 153,392,954.89 in 2023[11]. - The net profit after deducting non-recurring gains and losses was CNY 98,672,063.52, a decrease of 20.22% from CNY 123,675,637.34 in 2023[11]. - The net cash flow from operating activities was CNY 317,769,705.01, down 33.23% from CNY 475,929,196.37 in 2023[11]. - The basic earnings per share for 2024 was CNY 0.1332, a decline of 23.58% compared to CNY 0.1743 in 2023[11]. - Total assets at the end of 2024 were CNY 6,647,046,354.46, a decrease of 4.44% from CNY 6,956,080,853.65 at the end of 2023[11]. - The net assets attributable to shareholders increased by 2.57% to CNY 2,958,035,331.45 at the end of 2024, compared to CNY 2,883,948,739.49 at the end of 2023[11]. - The weighted average return on net assets for 2024 was 4.01%, down 1.45 percentage points from 5.46% in 2023[11]. Revenue Breakdown - The total revenue for 2024 was CNY 4,225,821,777.57, a decrease of 9.65% compared to 2023[32]. - The natural gas and value-added business generated CNY 3,285,617,406.99, accounting for 77.75% of total revenue, down 10.87% year-on-year[33]. - The equipment manufacturing business reported revenue of CNY 940,204,370.58, representing 22.25% of total revenue, a decline of 5.10% from the previous year[33]. - Revenue from the Shandong region was CNY 2,088,115,551.51, down 13.39% from 2023[32]. - Revenue from the Chongqing region increased by 5.27% to CNY 526,094,824.85[32]. Cash Flow and Investments - The net cash flow from operating activities decreased by 33.23% to CNY 317,769,705.01 in 2024, down from CNY 475,929,196.37 in 2023[43]. - The net cash flow from investment activities improved significantly, with a net inflow of CNY 200,496,277.88 in 2024 compared to a net outflow of CNY 149,409,938.01 in 2023, marking a 234.19% increase[43]. - The company achieved a 221.20% increase in cash inflow from investment activities, rising from CNY 99,828,870.16 in 2023 to CNY 320,647,672.87 in 2024[43]. Research and Development - R&D expenses increased by 5.12% to CNY 54,183,246.05 in 2024[40]. - The company's R&D investment amounted to CNY 54,183,246.05 in 2024, a decrease of 1.01% compared to CNY 54,734,728.52 in 2023, while the R&D investment as a percentage of operating revenue increased from 1.17% to 1.28%[42]. - The number of R&D personnel increased by 37.04% from 189 in 2023 to 259 in 2024, with the proportion of R&D personnel in the total workforce rising from 9.16% to 12.94%[42]. - The company completed 23 R&D projects during the reporting period, including various polyethylene pipeline technologies and smart gas control technologies[41]. Strategic Initiatives - The company is focusing on digital transformation, having completed the implementation of key information systems to enhance management efficiency[27]. - The company is exploring new business models to leverage its existing customer base and create new profit growth opportunities[26]. - The company’s investment in clean energy aligns with national policies, contributing to the development of a sustainable energy system[21]. - The company is focusing on technological research and development in renewable energy sectors, including hydrogen utilization and energy storage solutions[62]. - A strategic goal is to transform into a comprehensive green energy service provider while deepening existing business operations[61]. Governance and Management - The company has established a comprehensive governance structure, ensuring clear responsibilities among shareholders, the board, and management, in compliance with regulatory requirements[68]. - The company operates independently from its controlling shareholders, maintaining separate financial, asset, and operational structures[69]. - The company expressed gratitude for the contributions made by the previous board and supervisory committee members during their tenure[73]. - The company is committed to enhancing governance and oversight through the election of independent directors and a new supervisory board[73]. Shareholder Relations - The company emphasizes a fair and competitive compensation policy to attract and retain talent, with a total workforce of 2,001 employees[96]. - The company maintains a strong focus on investor returns, ensuring that minority shareholders have opportunities to express their opinions and that their rights are protected[99]. - The company has committed to maintaining the independence of its operations and protecting the rights of investors, particularly small and medium-sized investors[121]. Environmental Responsibility - The total gas sales volume for the reporting period contributed to a reduction of approximately 3.04 million tons of carbon dioxide emissions, supporting the national strategy of "carbon peak" and "carbon neutrality"[115]. - The company is committed to green development, focusing on clean energy projects to enhance the quality of life for communities[115]. - The company has implemented measures to reduce carbon emissions as part of its environmental responsibility efforts[114]. Related Party Transactions - The company has established internal procedures to ensure compliance with relevant laws and regulations regarding related transactions[122]. - The company is committed to maintaining transparency in its related transactions, as indicated by its disclosures on the official website[134]. - The company references market prices for similar products and services in its related transactions, ensuring compliance with market standards[134]. Audit and Compliance - The audit opinion issued was a standard unqualified opinion by Da Xin Accounting Firm on March 20, 2025[175]. - The internal control evaluation report was fully disclosed on March 22, 2025[107]. - The company reported no significant defects in financial reporting or internal controls, maintaining effective financial reporting internal controls in all material aspects[111][112].