SGEG(SH:601616)2025-03-26 08:25Financial Performance - The company's total revenue for 2024 reached ¥1,036,933,731.36, representing a 37.01% increase compared to ¥756,827,043.89 in 2023[20] - Net profit attributable to shareholders for 2024 was ¥74,727,239.13, a significant increase of 411.28% from ¥14,615,734.81 in 2023[20] - The basic earnings per share for 2024 was ¥0.0875, up 423.95% from ¥0.0167 in 2023[21] - In 2024, the company achieved operating revenue of 1.037 billion RMB, a year-on-year increase of 37.01%[30] - The net profit attributable to shareholders reached 74.73 million RMB, representing a significant year-on-year growth of 411.28%[30] - The main business revenue from power distribution and control equipment manufacturing reached CNY 1.007 billion, up 38.49% year-on-year[46] - Operating profit for 2024 was ¥105,846,533.80, up 158.5% from ¥40,900,267.92 in 2023[195] - Net profit for 2024 amounted to ¥93,869,142.69, representing a growth of 148.5% compared to ¥37,717,199.74 in 2023[195] Assets and Liabilities - The company's total assets as of the end of 2024 were ¥3,107,691,963.31, reflecting a 3.21% increase from ¥3,011,083,419.50 in 2023[20] - The total amount of financial assets at fair value increased significantly to approximately ¥300.01 million, up from ¥9.02 million in the previous period[67] - The company's total liabilities increased by 46.44% to approximately ¥190.93 million, primarily due to increased procurement costs[62] - Current assets totaled RMB 1,785,876,633.41 as of December 31, 2024, compared to RMB 1,758,201,531.70 in 2023, reflecting a slight increase[187] - Total liabilities rose to RMB 442,416,959.07 in 2024 from RMB 387,407,595.89 in 2023, indicating an increase of approximately 14%[188] Cash Flow - The net cash flow from operating activities for 2024 was ¥137,655,507.15, a slight decrease of 2.24% compared to ¥140,809,112.88 in 2023[20] - Cash inflow from operating activities amounted to ¥928,904,470.47 in 2024, compared to ¥812,049,974.00 in 2023, indicating an increase of 14.4%[200] - Cash inflow from investment activities totaled ¥904,440,756.29 in 2024, a substantial increase from ¥294,936,376.72 in 2023[200] Research and Development - In 2024, the company's R&D investment reached 48.2 million yuan, a year-on-year increase of 2.34%, with 21 new patent technologies and achievements filed[32] - The company added 21 new authorized patents in 2024, bringing the total to nearly 200 patents[42] - Research and development expenses for 2024 were ¥48,200,919.77, slightly up from ¥47,098,383.89 in 2023[194] - Research and development expenses increased to ¥14,353,731.33 in 2024, compared to ¥11,181,174.18 in 2023, reflecting a rise of 28.8%[198] Market Expansion and Strategy - The company expanded its market presence in Southeast Asia, the Middle East, and North Africa, with a substantial increase in overseas sales orders compared to the previous year[30] - The company aims to enhance its core product lines and become a leading provider of digital development and intelligent manufacturing solutions in the power distribution industry[73] - By 2025, the company plans to expand its market presence and enhance brand promotion, focusing on overseas market trends and customer needs[74] Governance and Compliance - The company held three shareholder meetings during the reporting period, ensuring all shareholders, especially minority shareholders, can exercise their rights effectively[81] - The board of directors consists of professionals from various fields, enhancing decision-making independence and ensuring compliance with regulations[82] - The company adheres to regulatory requirements for internal control and has disclosed its internal control evaluation report[86] - The company has not engaged in any significant related party transactions that could affect its independence[88] Social Responsibility and Sustainability - The company has reduced carbon emissions by 2,010 tons through various measures, including rooftop photovoltaic power generation and process improvements[132] - A total of 24.33 million yuan was invested in social responsibility initiatives, benefiting 122 individuals through various charitable activities[132] - The company actively participates in social welfare projects, contributing to disaster relief, education, and assistance for the disabled[134] Employee Management - The company has implemented a competitive and fair salary policy, ensuring compliance with national laws and timely payment of salaries and benefits[113] - The company has established a multi-track promotion system for employees, focusing on personal growth and aligning with corporate strategic goals[115] - The company’s management team underwent extensive training to enhance leadership and team management capabilities, supporting overall management upgrades[115] Audit and Financial Reporting - The audit opinion confirmed that the financial statements fairly reflect the financial position and operating results of the company for the year ended December 31, 2024[176] - The company has maintained a standard unqualified audit opinion for its financial reports[144] - The audit report did not identify any significant misstatements in the other information provided in the annual report[180]