ZYGF(SZ:300018)2025-03-24 11:15Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.7 RMB per 10 shares to all shareholders, based on a total of 480,831,536 shares[4]. - The company has not proposed any bonus shares or capital increase from capital reserves for this period[4]. - The cash dividend amount for the reporting period was CNY 33,658,207.52, which accounted for 100% of the total distributable profit[158]. - The total distributable profit for the consolidated statements was CNY 134,398,007.12, with a proposed cash dividend of CNY 0.7 per 10 shares[160]. - The company reported a net profit of CNY 99,714,904.89 for the year, with retained earnings at the beginning of the year being CNY 120,413,354.90[160]. Financial Performance - The company's operating revenue for 2024 reached ¥553,692,697.60, representing a 23.57% increase compared to ¥448,085,402.04 in 2023[20]. - Net profit attributable to shareholders for 2024 was ¥76,972,845.35, up 28.05% from ¥60,113,292.33 in 2023[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥84,233,147.44, a significant increase of 133.92% from ¥36,009,492.57 in 2023[20]. - The net cash flow from operating activities for 2024 was ¥120,722,204.78, an increase of 108.40% compared to ¥57,928,717.17 in 2023[20]. - Basic earnings per share for 2024 were ¥0.16, a 23.08% increase from ¥0.13 in 2023[20]. - Total assets at the end of 2024 amounted to ¥1,515,710,439.10, reflecting a 5.35% increase from ¥1,438,684,571.41 at the end of 2023[20]. - The company's net assets attributable to shareholders increased by 5.01% to ¥1,287,085,090.86 at the end of 2024 from ¥1,225,730,673.36 at the end of 2023[20]. - The total contract amount signed was ¥657,168,300, representing a year-on-year increase of 20.45%[44]. Market and Business Strategy - The company is focused on expanding its market presence and enhancing its technological capabilities in the power industry, aligning with national energy policies and innovation plans[30]. - The company aims to support the reasonable consumption and utilization of over 200 million kW of new energy annually from 2025 to 2027, ensuring a utilization rate of no less than 90%[36]. - The company is involved in the research, manufacturing, sales, and service of intelligent power system recording analysis, time synchronization, and distribution network automation equipment, with leading positions in power fault recording devices and time synchronization devices[37]. - The company’s main business model relies on obtaining orders through bidding, leading to direct sales to customers[37]. - The company is focusing on the smart grid sector, reducing investment in medical information technology to enhance efficiency and reduce losses[44]. Research and Development - The company applied for 6 invention patents, 7 utility model patents, and 1 design patent during the reporting period, and obtained 8 invention patents, 7 utility model patents, and 1 design patent, totaling 74 invention patents, 42 utility model patents, and 1 design patent by the end of the reporting period[39]. - The company registered 11 new software copyrights during the reporting period, bringing the total to 292 software copyrights by the end of the reporting period[39]. - The company has 17 major R&D projects, with several products already in production or testing phases, including a new generation of smart fault recording devices[47]. - The company is developing an electric energy quality monitoring device aimed at expanding product applicability across various scenarios, enhancing core competitiveness[68]. - A new generation of intelligent fault recording devices is being developed to support flexible customer needs through a platform and app architecture[69]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring independent operation and management[119]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements[120]. - The company adheres to strict information disclosure practices, ensuring transparency and fairness in communication with investors[120]. - The company has established a comprehensive internal control system to enhance governance and risk management, ensuring compliance with relevant regulations[166]. - The company has made commitments to avoid conflicts of interest and will not seek improper benefits from its status as a major shareholder[179]. Employee and Training Initiatives - The total number of employees at the end of the reporting period was 757, with 420 in the parent company and 337 in major subsidiaries[154]. - The company conducted 233 training sessions during the reporting period, with a total of 4,067 participants and 7,686.5 hours of training[156]. - The professional staff composition includes 482 technical personnel, 59 production staff, and 58 sales personnel, highlighting a strong technical workforce[154]. - The company has established a unified salary platform based on principles of fairness, competitiveness, and legality[155]. Risk Management - The company faces industry risks related to economic demand for electricity and changes in national policies affecting the power sector[108]. - The company emphasizes the importance of closely monitoring national policies and market demands to enhance core technology and product competitiveness, while actively developing new products and expanding application areas[109]. - The company is committed to improving its talent retention strategies through enhanced compensation systems and performance evaluation mechanisms to mitigate the risk of talent loss[113]. - A comprehensive investment risk assessment framework will be implemented to mitigate potential financial risks associated with new projects[106]. Future Outlook - The company has projected a revenue growth of 10% for the next fiscal year, targeting 1.32 billion yuan[136]. - The company plans to expand its market presence in Southeast Asia, aiming for a 25% increase in market share by 2025[136]. - The company plans to increase its workforce by 15% to support growth initiatives and new projects[136]. - A strategic acquisition of a local tech firm is planned to enhance R&D capabilities and product offerings[136].