Financial Performance - Revenue for the year ended December 31, 2024, was RMB 1,295,563, a decrease of 16.9% compared to RMB 1,559,437 in 2023[3] - Net profit for the year increased by 12.9% to RMB 119,901 from RMB 106,157 in the previous year[3] - Basic and diluted earnings per share rose to RMB 6.16, up 15.6% from RMB 5.33 in 2023[6] - The company reported a total comprehensive income of RMB 103,675, up from RMB 99,765 in 2023[5] - The group reported revenue of RMB 225,139,000 from the EPC and consulting segment, a decrease from RMB 379,368,000 in the previous year[21] - Total revenue from external customers for the year ended December 31, 2024, was RMB 1,295,563, a decrease from RMB 1,559,437 in 2023, representing a decline of approximately 16.9%[25] - The performance of the EPC and consulting segment generated revenue of RMB 517,228, down from RMB 1,025,041 in the previous year, indicating a decrease of about 49.5%[24] - The power generation segment saw an increase in revenue to RMB 756,231 from RMB 508,084, reflecting a growth of approximately 48.8%[24] - The annual profit for 2024 was reported at RMB 119,901, compared to RMB 106,157 in 2023, marking an increase of about 13.0%[24] Assets and Liabilities - Total assets as of December 31, 2024, were RMB 10,323,470, a slight decrease of 0.4% from RMB 10,364,716 in 2023[3] - Total liabilities increased to RMB 8,612,255 in 2024 from RMB 8,757,176 in 2023, indicating a decrease of approximately 1.6%[24] - Current liabilities decreased to RMB 3,345,013 from RMB 3,599,398, reflecting improved liquidity management[10] - The total accounts receivable amounted to RMB 1,435,704,000 in 2024, an increase of 4.3% from RMB 1,377,003,000 in 2023[49] - The aging analysis of accounts payable shows a total of RMB 891,201,000 as of December 31, 2024, compared to RMB 1,382,572,000 in 2023, highlighting a significant reduction in liabilities[59] - The total contract liabilities for EPC services decreased to RMB 183,918,000 in 2024 from RMB 213,355,000 in 2023, reflecting a reduction in advance payments received[61] Expenses and Costs - Administrative expenses decreased to RMB 98,603 from RMB 110,597, indicating cost control measures[5] - Total sales costs decreased to RMB 829,983,000 in 2024 from RMB 1,171,010,000 in 2023, representing a reduction of 29.1%[32] - Financial costs increased to RMB 228,137,000 in 2024 from RMB 208,162,000 in 2023, marking a rise of 9.6%[33] - The income tax expense for 2024 was RMB 44,157,000, up from RMB 34,527,000 in 2023, reflecting a growth of 28%[34] - Employee costs decreased by approximately 14.8% to RMB 63,206,000, reflecting cost management efforts[102] - Other operating expenses decreased by approximately 23.5% to RMB 28,865,000, primarily due to reduced legal and banking fees[104] Strategic Goals and Market Outlook - The company is focused on advancing renewable energy development as part of its strategic goals for the upcoming year[64] - By the end of 2024, the proportion of non-fossil energy generation capacity is expected to increase to approximately 55%, with wind and solar power accounting for over 17% of the total national power generation[68] - The plan aims for non-fossil energy consumption to reach about 20% by 2025, emphasizing the construction of large-scale wind and solar bases in desert and arid regions[69] - The government aims to enhance the carbon emissions statistical verification capacity and expand the national carbon market coverage[67] - The focus will be on the construction of large-scale energy bases and the development of new energy storage solutions to enhance energy consumption efficiency[66] Research and Development - The company has applied for 11 patents, including 3 invention patents and 1 utility model patent, enhancing its R&D capabilities[81] - Research and development expenses increased to RMB 743,000 in 2024 from RMB 500,000 in 2023, a rise of 48.6%[32] Corporate Governance - The company has established a strict code of conduct for directors trading its securities, ensuring compliance with the standards set forth in the listing rules[120] - The audit committee has been formed in accordance with listing rules to oversee the financial reporting process and risk management[121] - The consolidated financial statements for the year ending December 31, 2024, have been reviewed by the audit committee and approved by the board[122] Shareholder Information - The company did not declare or recommend any dividends for the year ending December 31, 2024[38] - The annual general meeting is scheduled for May 29, 2025, at 11:00 AM[125] - The company will suspend share transfer registration from May 23, 2025, to May 19, 2025, to determine eligibility for voting at the annual general meeting[126]
中国核能科技(00611) - 2024 - 年度业绩