安纳达(002136) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was ¥1,886,700,080.70, a decrease of 10.63% compared to ¥2,111,044,618.28 in 2023[26]. - Net profit attributable to shareholders decreased by 82.55% to ¥11,256,213.91 in 2024 from ¥64,504,400.59 in 2023[26]. - The net cash flow from operating activities was negative at -¥91,088,874.97, a decline of 447.23% compared to ¥26,233,357.06 in 2023[26]. - Basic and diluted earnings per share dropped by 82.57% to ¥0.0523 in 2024 from ¥0.300 in 2023[26]. - Total assets increased by 4.27% to ¥2,096,988,212.97 at the end of 2024, compared to ¥2,011,110,355.74 at the end of 2023[26]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a decrease of 72.66% to ¥17,723,895.26 in 2024 from ¥64,833,154.10 in 2023[26]. - The company reported a significant decrease in other operating income and expenses, totaling CNY -6,467,681.35 in 2024, compared to CNY -328,753.51 in 2023[34]. - The company reported a total revenue of 752.3 million in the latest fiscal year[144]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the fiscal year, representing a 15% year-over-year growth[152]. Shareholder Information - The company plans not to distribute cash dividends, issue bonus shares, or increase capital using reserves[5]. - The controlling shareholder, Wanhua Chemical Group Battery Technology Co., Ltd., holds 15.2% of the company's shares as of December 31, 2024[16]. - The company completed a share transfer agreement with Wanhua Chemical Group, resulting in Wanhua Battery becoming the largest shareholder with a 15.20% stake[24]. - The company has established a network voting platform for shareholders to ensure equal rights during major decision-making processes[132]. - The company has not disclosed any valuation enhancement plans or market value management systems[130]. - The company has not encountered any violations of regulatory rules during shareholder meetings[132]. Business Operations - The main business includes titanium dioxide and iron phosphate series products, with the iron phosphate project launched in 2015[23]. - The company has established a full-owned subsidiary, Anhui Annada International Trade Co., Ltd.[16]. - The company has a current titanium dioxide production capacity of 100,000 tons and phosphate iron capacity of 150,000 tons[46]. - The company is actively expanding its international sales channels for titanium dioxide while enhancing its research and development capabilities for phosphate iron products[50]. - The company benefits from a synergistic advantage as the main raw material for phosphate iron, ferrous sulfate, is a byproduct of titanium dioxide production[53]. - The company aims to produce 100,000 tons of titanium dioxide and iron phosphate in 2025, with a sales target of the same amount[114]. Market Trends - The total production of titanium dioxide in China reached 4.766 million tons in 2024, a year-on-year increase of 14.57%, adding approximately 600,000 tons compared to the previous year[39]. - The domestic apparent demand for titanium dioxide in 2024 was 2.9565 million tons, an increase of 29.22 million tons, representing a growth of 13.58% year-on-year[41]. - The export volume of titanium dioxide in 2024 was 1.9015 million tons, which is an increase of 260,000 tons, or 15.83% year-on-year[41]. - The domestic titanium dioxide industry saw a total production of 4.766 million tons in 2024, a year-on-year increase of 14.57%[66]. - The phosphoric iron products are experiencing rapid market expansion, with increased competition from both domestic and foreign lithium-ion battery manufacturers[122]. Research and Development - The company holds 10 invention patents and 50 utility model patents, reflecting its strong technological accumulation in the industry[52]. - The company is focusing on quality control and technological upgrades to enhance product competitiveness in the lithium iron phosphate sector[55]. - The company has developed specialized titanium dioxide products for photovoltaic back membranes and electrophoretic paints to increase market share in niche areas[68]. - The company is focusing on the development of lithium iron phosphate (LFP) battery recycling technology, which is expected to enhance economic benefits amid rising upstream material prices[89]. - The company has completed the development of a continuous synthesis process for lithium iron phosphate, which aims to improve production efficiency and product quality[89]. Financial Management - The company has established a series of financial management regulations to ensure the safety and efficiency of fund usage, including cash flow management and procurement payment management[183]. - The company has implemented a comprehensive accounts receivable management system to minimize bad debt risks associated with customer credit[127]. - The company has established a robust internal communication system to ensure efficient information flow between management levels and departments[191]. - The company has implemented measures to enhance information system management, including data security and emergency handling[192]. - The internal control evaluation covered 100% of the company's consolidated financial statement assets and revenues, ensuring comprehensive risk management[174]. Corporate Governance - The board of directors consists of 5 members, including 2 independent directors, complying with legal and regulatory requirements[134]. - The company has established a sound corporate governance structure with all senior management personnel exclusively employed by the company and not holding any positions in other enterprises controlled by shareholders with over 5% stakes[138]. - The company has implemented a transparent performance evaluation and incentive mechanism for senior management, aligning with annual operational goals[136]. - The company has established a comprehensive compensation management system that aligns with its operational performance goals[158]. - The audit committee supervises the internal control system and ensures the authenticity and completeness of financial information[193]. Employee Management - The total number of employees at the end of the reporting period is 793, with 568 in the parent company and 225 in major subsidiaries[167]. - The professional composition includes 542 production personnel, 19 sales personnel, 86 technical personnel, 15 financial personnel, and 131 administrative personnel[167]. - Employee compensation consists of basic salary, performance pay, and allowances[168]. - The company conducts both internal and external training, including onboarding, on-the-job, and specialized training[169]. - The company reported a decrease in R&D personnel from 136 in 2023 to 105 in 2024, representing a decline of 22.79%[90]. Environmental and Safety Management - The company is committed to safety and environmental management, optimizing responsibilities and enhancing project environmental assessments[54]. - The company has focused on environmental management, achieving compliance with pollutant discharge standards through various environmental improvement projects[183]. - The company has set up a dual prevention mechanism for safety management, reinforcing its commitment to safety and environmental protection[182]. - The company emphasizes social responsibility, balancing economic benefits with social and environmental considerations[179]. - The company has implemented strict quality management systems, including revised quality control procedures and enhanced inspection processes to ensure the quality of raw materials and finished products[184].