HJT(SH:603577)2025-03-24 08:55Financial Performance - The company's operating revenue for 2024 reached ¥4,618,574,758.32, representing a 12.82% increase compared to ¥4,093,729,208.45 in 2023[22] - The net profit attributable to shareholders of the listed company surged to ¥154,700,157.52, a significant increase of 491.07% from ¥26,172,835.19 in the previous year[22] - The net cash flow from operating activities was ¥183,332,980.49, showing a decrease of 7.79% compared to ¥198,823,481.27 in 2023[23] - The total assets at the end of 2024 were ¥5,858,786,852.71, a decrease of 4.83% from ¥6,156,290,482.78 at the end of 2023[23] - The company's net assets attributable to shareholders increased by 4.78% to ¥1,887,822,613.09 from ¥1,801,684,095.19 in 2023[23] - Basic earnings per share reached 0.4562 yuan, reflecting a 490.93% increase compared to the same period last year[24] - The company achieved a total revenue of CNY 461,857.48 million, an increase of 12.82% compared to the previous year[64] - The net profit attributable to shareholders reached CNY 15,470.02 million, a significant increase of 491.07% year-on-year[64] Dividend Distribution - The proposed cash dividend for 2024 is ¥0.868 per 10 shares, totaling approximately ¥29,437,273.88 based on the total share capital of 339,139,100 shares[7] - The total cash dividend for 2024, including the interim distribution, is expected to be ¥46,394,228.88, which accounts for 30% of the net profit attributable to shareholders[7] - The company completed the interim cash dividend distribution of ¥16,956,955.00 in September 2024[7] - The company has maintained a cash dividend payout ratio of no less than 30% of the net profit attributable to shareholders from 2016 to 2022[148] - The cumulative cash dividends over the last three fiscal years amount to 58,603,236.48 RMB, with an average dividend payout ratio of 79.83%[156] Sales and Production - The sales volume of angle steel towers was 522,200 tons, up 43.93% year-on-year, while the sales volume of steel pipe towers decreased by 30.63% to 69,800 tons[33] - The company achieved a production volume of 649,800 tons and a sales volume of 632,000 tons, both reaching record highs[35] - The total sales volume of main products was 632,000 tons, with angle steel tower sales increasing by 43.93% to 522,200 tons[64] - The revenue from angle steel towers was ¥3,438,390,895.98, up 33.23% year-on-year, with sales volume increasing by 43.93% and a gross margin increase of 3.40 percentage points[71] - The revenue from steel pipe towers decreased by 37.57% to ¥520,508,621.48, with a sales volume decline of 30.63%, but the gross margin increased slightly by 0.07 percentage points[72] Market and Industry Trends - The company is focusing on the dual carbon goals and enhancing operational efficiency through strategic execution and cost control measures[33] - The company plans to continue its market expansion and innovation-driven strategies to meet the demands of the new power system construction[33] - The dual carbon goals set by the government are expected to drive further demand for clean energy and enhance the role of ultra-high voltage projects in energy distribution[42] - The global electricity demand is projected to grow at an average annual rate of 3% until 2035, creating opportunities for the company to expand its international business[43] - The Belt and Road Initiative presents significant potential for energy and power engineering investments in countries along the route, enhancing the company’s export opportunities[44] Research and Development - The company added 6 new invention patents during the reporting period, enhancing its technological innovation capabilities[35] - Research and development expenses increased by 28.52% to CNY 186,407,178.05, reflecting the company's commitment to innovation[65] - The company has a total of 243 valid patents, including 49 invention patents, demonstrating a strong focus on technology research and development[61] Governance and Compliance - The company has received a standard unqualified audit report from Deloitte Huayong Certified Public Accountants[6] - The company maintained effective internal controls in all significant aspects, as confirmed by Deloitte Huayong Accounting Firm's audit report[115] - The company has committed to strict compliance with information disclosure regulations, ensuring timely and accurate reporting[116] - The company has not faced any significant issues regarding insider information management, maintaining confidentiality and compliance[117] - The company has not engaged in any related party transactions that are unfair or unreasonable, maintaining independence from its controlling shareholders[118] Environmental and Social Responsibility - The company invested 7.3358 million yuan in environmental protection during the reporting period[162] - The company has established a comprehensive environmental management system and adheres to the GB/T 24001-2016/ISO14001:2015 environmental management system audit standards[172] - The company has conducted regular environmental monitoring, with all indicators meeting the required standards[170] - The company has actively participated in various charitable activities, contributing to the establishment of a long-term assistance mechanism for disadvantaged groups[176] - The company has focused on supporting education in impoverished areas by improving educational facilities in rural kindergartens[178] Risk Management - The company faces market competition risks due to potential slowdowns in domestic grid investment and increasing international competition[109] - Raw material price fluctuations pose a significant risk, with strategies including price linkage mechanisms and futures hedging to mitigate impacts[109] - Foreign exchange risk management will be a focus due to the company's international market expansion and the long cycles of project contracts[111] Strategic Initiatives - The company aims to enhance domestic market competitiveness and expand internationally, optimizing customer structure and increasing the proportion of high-value-added products[106] - The smart manufacturing upgrade plan includes purchasing advanced intelligent equipment and upgrading existing facilities to improve production capacity and efficiency[106] - The company is actively pursuing strategic partnerships and potential acquisitions to bolster its competitive position in the market[123] Performance Commitments - In 2024, Chongqing Jiangdian achieved a net profit of 93.68 million yuan, completing the annual performance commitment at 206.98%[189] - The cumulative net profit for the performance commitment period from 2022 to 2024 reached 124.48 million yuan, which is 111.52% of the promised 111.62 million yuan[189] - The performance commitment for 2022, 2023, and 2024 was set at 32.42 million yuan, 36.79 million yuan, and 42.41 million yuan respectively[186]