久立特材(002318) - 2024 Q4 - 年度财报

Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 9.70 CNY per 10 shares (including tax) to all shareholders, with no bonus shares issued[3]. - The company completed a cash dividend of 462 million yuan for the year 2023, reflecting its commitment to maximizing shareholder returns[44]. - The cash dividend distribution plan for 2023 proposes a cash dividend of 4.80 CNY per 10 shares, with no stock dividends or capital reserve transfers[144]. - The total cash dividend amount (including other methods) is 1,303,199,547.99 CNY, which accounts for 100% of the total profit distribution[145]. - The board of directors has approved a dividend payout of 0.5 CNY per share, reflecting a commitment to returning value to shareholders[130]. Financial Performance - The company's operating revenue for 2024 reached ¥10,918,288,424.29, representing a 27.42% increase compared to ¥8,568,414,745.02 in 2023[6]. - The net profit attributable to shareholders was ¥1,490,375,925.27, a slight increase of 0.12% from ¥1,488,537,164.36 in the previous year[6]. - The net profit after deducting non-recurring gains and losses increased by 24.63% to ¥1,521,396,120.06 from ¥1,220,722,293.59 in 2023[6]. - The total assets at the end of 2024 were ¥14,166,077,883.17, an 8.84% increase from ¥13,016,027,034.79 at the end of 2023[6]. - The total profit amounted to ¥1.81 billion, reflecting a 3.90% increase from ¥1.74 billion in the prior year[39]. Risk Management and Governance - The financial report emphasizes the importance of accurate and complete financial disclosures, with all board members present for the report's approval[3]. - The company is committed to maintaining transparency in its financial reporting, as stated by the responsible executives[3]. - The company has a robust internal audit system to ensure effective risk control and compliance with regulations[114]. - The company has a transparent information disclosure system, ensuring timely and accurate communication with investors[112]. - The company has established a market value management system, approved by the board on January 10, 2025[103]. Research and Development - Research and development investment reached ¥361.73 million, marking a 6.60% increase from ¥339.34 million in the previous year[39]. - The company has established a multi-dimensional innovation system for R&D, resulting in 14 authorized patents and 60 proprietary technologies during the reporting period[41]. - The company is focused on the research and development of high-quality special alloy new materials[85]. - The company aims to strengthen its R&D capabilities in high-performance materials and enhance supply chain support to achieve dual breakthroughs in technology leadership and market expansion[91]. - The number of R&D personnel increased to 559, representing a growth of 10.91% from 504 in the previous year[62]. Environmental and Social Responsibility - The company is committed to green and low-carbon development, adopting energy-saving production processes and renewable materials[27]. - The company received a pollution discharge permit for its production site in Wuxing District on October 28, 2023, valid until October 27, 2028[161]. - The company achieved compliance with national environmental protection standards, ensuring that all "three wastes" emissions met relevant requirements without any major environmental issues or pollution incidents[163]. - The company has implemented clean production processes and energy-saving measures, significantly reducing energy consumption and pollution emissions, contributing to sustainable development goals[175]. - The company has engaged Tianjian Accounting Firm for its 2024 financial report audit, with a total fee of RMB 1.62 million (approximately USD 242,000)[183]. Market Position and Strategy - The company is focusing on high-end stainless steel pipe products to meet the increasing demand in sectors such as new energy and aerospace[23]. - The company has established long-term partnerships with major global firms, including Aramco and Shell, enhancing its international market presence[36]. - The company is actively exploring new market directions to diversify customer sources and enhance sales stability[90]. - The company has been recognized with multiple national and provincial honors, including "National Technology Innovation Demonstration Enterprise" and "Green Factory"[37]. - The company is strategically positioned to respond to the complexities of the global economic environment while ensuring sustainable development and stable returns for shareholders[89]. Operational Efficiency - The company has a production capacity of 200,000 tons of finished pipes, 15,000 tons of pipe fittings, and 26,000 tons of alloy materials annually[34]. - The company reported a significant increase in cash outflow from investing activities, totaling ¥2,056,595,664.53, a rise of 293.28% from the previous year[64]. - The company has implemented a new sales strategy aimed at increasing direct-to-consumer sales, projected to boost sales by 20%[128]. - The company has established five salary models, including performance-based pay and hourly wages, to attract and retain talent[141]. - The company has a diverse board with members having extensive backgrounds in engineering, economics, and management[122].