NHPM(601882)2025-03-24 11:15Financial Performance - The company's operating revenue for 2024 was CNY 3,351,828,634.38, representing a year-on-year increase of 0.85% compared to CNY 3,323,461,407.47 in 2023[24]. - The net profit attributable to shareholders of the listed company decreased by 14.19% to CNY 522,992,871.47 in 2024 from CNY 609,483,749.95 in 2023[24]. - The net cash flow from operating activities dropped significantly by 56.32% to CNY 248,563,395.88 in 2024, down from CNY 569,102,705.98 in 2023[24]. - The total assets of the company increased by 2.59% to CNY 4,736,390,783.25 at the end of 2024, compared to CNY 4,616,607,489.81 at the end of 2023[25]. - The net assets attributable to shareholders of the listed company rose by 16.88% to CNY 2,702,603,344.45 at the end of 2024, up from CNY 2,312,336,212.08 at the end of 2023[25]. - The basic earnings per share for 2024 were CNY 1.00, a decrease of 14.53% from CNY 1.17 in 2023[26]. - The weighted average return on net assets for 2024 was 21.05%, down 7.31 percentage points from 28.36% in 2023[26]. - The company reported a net profit after deducting non-recurring gains and losses was 471.46 million yuan, down 12.24% from the previous year[53]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2024, reflecting a year-on-year growth of 12%[102]. - The company reported a total revenue of 17,688,582 million RMB for the year 2024, reflecting a growth of 1,041.05 million RMB compared to the previous year[103]. Cash Flow and Investments - The net cash flow from operating activities decreased by 56.32% to CNY 248,563,395.88, mainly due to reduced sales collections[54]. - The net cash flow from investment activities improved significantly by 183.42% to CNY 202,725,109.32, driven by the maturity of financial product investments[54]. - The company reported a net cash flow from operating activities of CNY 12.26 million in Q4 2024, indicating a positive cash flow trend[29]. - The company’s cash and cash equivalents increased by 62.65% to ¥769,863,183.83, attributed to the maturity of financial products[75]. - The company has a total of ¥200,000,000 in entrusted financial management due by April 2024, with a projected return of ¥1,934,000[177]. Market and Product Development - The company has developed new products including the GAU series gantry and HS series small gantry machines, enhancing its product line[36]. - The company is focusing on optimizing costs and improving market competitiveness through product upgrades and service innovations[36]. - The company aims to expand its market presence by leveraging its strong customer relationships and enhancing service quality[48]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2025[102]. - New product development initiatives are underway, focusing on advanced technology to enhance production efficiency and product quality[103]. Risk Management and Compliance - The company has outlined various risks and countermeasures in its report, emphasizing the importance of investor awareness regarding potential investment risks[10]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties, nor any violations in decision-making procedures for external guarantees[9]. - The company faces risks from economic cycles, as the machine tool industry is heavily influenced by fixed asset investment in downstream sectors[92]. - Intense competition from both domestic and international high-end CNC machine tool manufacturers poses a significant challenge, necessitating continuous efforts to close the technology gap[93]. - The company has established a robust internal control system that complies with the requirements of the Ministry of Finance and the China Securities Regulatory Commission, enhancing decision-making efficiency and asset security[141]. Environmental and Sustainability Initiatives - The company is classified as a key pollutant discharge unit by the Ningbo Environmental Protection Department, with specific pollutants including wastewater, waste gas, noise, and solid waste[144]. - The company has implemented pollution prevention facilities, including a self-built wastewater treatment plant and air pollution control measures, ensuring compliance with discharge standards[145]. - The company has adopted electric forklifts to reduce carbon emissions and installed solar street lights to promote energy conservation[151]. - The company is committed to sustainable development and has plans to disclose its 2024 Social Responsibility Report on March 25, 2025[152]. Shareholder and Management Information - The company plans to distribute a cash dividend of CNY 3.60 per 10 shares, totaling CNY 187,920,000.00, which accounts for 35.93% of the net profit attributable to shareholders for 2024[7]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 10.41 million yuan[112]. - The company has established a comprehensive salary and performance evaluation system, combining fixed and performance-based compensation[126]. - The company has committed to not engaging in any competitive activities that could harm its business or that of its subsidiaries, maintaining a focus on fair practices[157]. - The company has confirmed that it will not support any third parties in competitive activities against its business, reinforcing its commitment to market integrity[157].