Financial Performance - Revenue for the fiscal year ending December 31, 2024, was RMB 237,646,000, an increase of 8.7% compared to RMB 218,698,000 in 2023[2]. - Gross profit decreased to RMB 47,410,000, down 6.8% from RMB 50,878,000 in the previous year, resulting in a gross margin of 19.9%, a decline of 3.4 percentage points[2]. - Net profit attributable to shareholders was RMB 16,035,000, representing a decrease of 22.0% from RMB 20,552,000 in 2023[3]. - Basic and diluted earnings per share were both RMB 2.4, down 22.6% from RMB 3.1 in the previous year[2]. - Total comprehensive income for the year was RMB 15,735,000, compared to RMB 21,212,000 in 2023, reflecting a decline in overall profitability[5]. - The company reported a net profit margin of 6.7%, down 2.7 percentage points from 9.4% in the previous year[2]. - The company experienced an increase in selling and distribution expenses, which amounted to RMB 6,483,000, slightly down from RMB 6,767,000 in the previous year[3]. - The company reported a total of CNY 222,656,000 in sales for the year ended December 31, 2024, compared to CNY 203,999,000 for the previous year, marking an increase of approximately 9.1%[21]. - The company’s revenue from overseas markets was CNY 22,199,000 for the year ended December 31, 2024, up from CNY 9,445,000, showing significant growth[21]. - The company’s revenue from processing services was CNY 13,082,000, an increase from CNY 10,863,000, representing a growth of approximately 20.4%[21]. Dividends and Shareholder Returns - The proposed final dividend is HKD 0.719 per share, totaling approximately HKD 4.7 million, subject to shareholder approval[2]. - The proposed final dividend for the fiscal year ending December 31, 2024, is HKD 0.719 per share, totaling approximately HKD 4.745 million (equivalent to RMB 4.375 million), pending shareholder approval[49]. Assets and Liabilities - Non-current assets totaled 200,968 thousand RMB, slightly down from 201,200 thousand RMB[6]. - Current assets increased to 482,320 thousand RMB from 417,863 thousand RMB, representing a growth of approximately 15.4%[6]. - Total liabilities increased to 313,474 thousand RMB from 259,961 thousand RMB, reflecting a rise of approximately 20.5%[6]. - The total value of assets decreased to 369,814 thousand RMB from 359,102 thousand RMB, a slight decline of about 2.0%[6]. - The company’s total equity increased to 369,814 thousand RMB, up from 359,102 thousand RMB, indicating a growth of approximately 2.0%[6]. - The company reported a total of 84,002 thousand RMB in trade payables, up from 52,124 thousand RMB, which is an increase of about 61.1%[6]. - The total expected credit loss for trade receivables in 2023 was RMB 1,523,000, while the total for 2024 is RMB 2,416,000, marking an increase of 58.7%[41]. Revenue Breakdown - Revenue from automotive molds was CNY 182,452,000 for the year ended December 31, 2024, compared to CNY 164,911,000 for the previous year, reflecting a growth of about 10.6%[21]. - Revenue from electronic products molds was CNY 38,005,000, slightly down from CNY 38,368,000, indicating a decrease of approximately 1%[21]. - The total revenue from other molds was CNY 2,199,000, compared to CNY 720,000, indicating a substantial increase[21]. Expenses and Costs - The company reported a direct labor cost of RMB 30,689 thousand, an increase from RMB 27,164 thousand, reflecting a growth of approximately 9%[28]. - The cost of materials consumed was RMB 75,779 thousand, up from RMB 74,099 thousand, indicating a slight increase of about 2.3%[28]. - Research and development expenses amounted to RMB 8,378 thousand, compared to RMB 8,165 thousand, representing a year-over-year increase of approximately 2.6%[28]. - The total employee benefits expense was RMB 18,038 thousand, slightly up from RMB 17,869 thousand, reflecting an increase of about 0.9%[28]. - General and administrative expenses increased by approximately RMB 3.9 million or 15.2%, totaling about RMB 29.3 million in fiscal year 2024 compared to RMB 25.4 million in fiscal year 2023[67]. Market and Economic Outlook - The overall economic situation remains complex and uncertain, with the Chinese government continuing to implement strategies to stimulate domestic demand and enhance economic recovery[55]. - The automotive industry in China saw a year-on-year increase in sales volume of 3.7% and production volume of 4.5%, with new energy vehicles accounting for 40.9% of total new vehicle sales[52]. - The company anticipates that the automotive market will maintain stable development in 2025, supported by policies such as trade-in programs and tax incentives for new energy vehicles[55]. - The home appliance market is expected to continue evolving towards high-end, intelligent, and green transformations, driven by AI-enabled technological innovations[56]. Compliance and Governance - The group has adopted the corporate governance code and confirmed compliance with all relevant rules as of December 31, 2024[107]. - The board believes that the current arrangement of having the Chairman also serve as the CEO does not impair the balance of power and authority[108]. - The group confirmed that the financial figures for the fiscal year 2024 are consistent with the audited consolidated financial statements[105].
勋龙(01930) - 2024 - 年度业绩