瑞鹄模具(002997) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 reached ¥2,424,312,176.16, representing a 29.16% increase compared to ¥1,877,029,776.45 in 2023[24]. - Net profit attributable to shareholders for 2024 was ¥350,318,467.99, a significant increase of 73.20% from ¥202,260,837.16 in 2023[24]. - The basic earnings per share for 2024 was ¥1.70, up 57.41% from ¥1.08 in 2023[24]. - The total assets at the end of 2024 amounted to ¥5,837,777,083.30, an increase of 11.33% from ¥5,243,833,307.83 at the end of 2023[24]. - The net assets attributable to shareholders at the end of 2024 were ¥2,164,156,013.90, reflecting a 27.12% increase from ¥1,702,412,365.47 in 2023[24]. - The cash flow from operating activities for 2024 was ¥231,618,149.28, a 15.56% increase compared to ¥200,439,309.84 in 2023[24]. - The company reported a quarterly revenue of ¥698,362,810.79 in Q4 2024, contributing to a total annual revenue growth[28]. - The company recognized government subsidies amounting to ¥10,755,756.74 in 2024, which are closely related to its normal business operations[30]. - The weighted average return on equity for 2024 was 17.74%, an increase of 3.89% from 13.85% in 2023[24]. - The company experienced a significant increase in net profit after deducting non-recurring gains and losses, which reached ¥324,400,463.51 in 2024, up 75.85% from ¥184,477,951.00 in 2023[24]. Business Operations - The automotive manufacturing equipment business secured an order backlog of 3.856 billion yuan, a 12.78% increase compared to the previous year[41]. - The lightweight automotive parts business achieved a total supply volume of 766,900 units, marking a year-on-year increase of 125.49%[42]. - The supply volume of high-strength plate and aluminum alloy plate welding parts reached 58.8801 million units, showing a significant growth of 210.25% year-on-year[42]. - The automotive manufacturing equipment business is characterized by a custom production model, with a typical order-to-delivery cycle of 14-24 months[43]. - The lightweight parts business is expected to see further growth as multiple vehicle models are in the product development stage, set to launch in the near future[44]. - The company achieved a production capacity of 800,000 units for aluminum die-casting parts, with actual production at 363,492 units and sales of 360,987 units, generating revenue of approximately ¥185.75 million[49]. - The production capacity for welding parts was 9,812,600 units, with actual production at 5,748,286 units and sales of 4,862,108 units, resulting in revenue of approximately ¥83.36 million[49]. Market Outlook - The company expects the total sales volume of automobiles in China to reach 32.9 million units in 2025, with a year-on-year growth of 4.7%[39]. - The penetration rate of new energy vehicles in China is projected to reach 48.6% by 2025, with expected sales of 16 million units, a growth of 24.4%[39]. - The company is actively expanding its international market presence, including partnerships with major global brands and local brands in Belt and Road countries[45]. - The company is focusing on AI technology in mold design to enhance development efficiency and product quality[61]. Research and Development - The company has developed advanced technologies in lightweight components, including high-strength aluminum alloys and integrated die-casting processes, significantly improving vehicle performance[53]. - The company maintains a high proportion of technical research and development personnel, ensuring the quality and delivery of its products[54]. - Research and development expenses increased by 22.34% to ¥119,253,679.36 in 2024 from ¥97,474,034.37 in 2023[78]. - The company has completed several key R&D projects aimed at reducing mold design and manufacturing cycles, improving efficiency, and enhancing product quality[79]. - The company is working on a new integrated die-casting technology for aluminum alloys, which is expected to achieve industrialization and improve production efficiency[80]. Investment and Financing - The company reported investment income of ¥90,192,726.57, contributing 19.79% to total profit, indicating sustainable income from joint ventures[93]. - The total investment amount for the reporting period was ¥1,264,090,199.56, a decrease of 21.09% compared to ¥1,602,021,575.92 in the previous year[100]. - The company has implemented a dedicated account management system for the raised funds to ensure proper usage and compliance with regulations[113]. - The company has a strategic plan for market expansion, targeting a 67.86% increase in production output over the next two years[111]. Corporate Governance - The company operates independently from its controlling shareholders, with a complete supply, research and development, production, and sales system[145]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements[146]. - The company has established a robust internal audit system to oversee economic operations and internal controls[148]. - The company emphasizes investor relations management, ensuring transparent communication with investors[147]. - The company has a clear organizational structure, with decision-making bodies operating independently from controlling shareholders[150]. Employee Management - The total number of employees at the end of the reporting period is 2,716, with 1,011 in the parent company and 1,705 in major subsidiaries[195]. - The company has established an annual training plan to enhance employee skills, including language training for international business needs[197]. - The company will implement a performance-based salary adjustment system, linking bonuses to employee performance to enhance efficiency[196]. - The company has no retired employees requiring pension costs, indicating a focus on a younger workforce[195]. Shareholder Information - The company plans to distribute a cash dividend of 3.00 CNY per 10 shares (including tax) based on a total share capital of 209,321,325 shares as of December 31, 2024[3]. - The cash dividend for the 2023 fiscal year is set at RMB 62,656,200, to be distributed in June 2024[200]. - The company has a clear profit distribution policy, ensuring shareholder rights are protected through proper governance procedures[199].