Buydeem Group(SZ:300824)2025-03-26 10:00Financial Performance - The company's operating revenue for 2024 was ¥753,622,086.64, representing a 13.28% increase compared to ¥665,283,763.48 in 2023[21]. - The net profit attributable to shareholders for 2024 was ¥69,508,710.23, a decrease of 2.59% from ¥71,357,291.52 in 2023[21]. - The net profit after deducting non-recurring gains and losses was ¥62,849,997.66, down 1.85% from ¥64,032,126.45 in 2023[21]. - The net cash flow from operating activities decreased by 25.29% to ¥110,025,450.00 from ¥147,275,384.97 in 2023[21]. - The total assets at the end of 2024 were ¥977,883,670.51, a 0.87% increase from ¥969,482,455.46 at the end of 2023[21]. - The net assets attributable to shareholders decreased by 5.14% to ¥704,405,948.23 from ¥742,538,840.05 at the end of 2023[21]. - The company's total revenue for the reporting period was 753.62 million CNY, representing a year-on-year increase of 13.28% compared to 665.28 million CNY in the same period last year[73]. - The "BUYDEEM" brand revenue reached 586.59 million CNY, accounting for 77.84% of total revenue, with a year-on-year growth of 11.02% from 528.37 million CNY[73]. - The OEM/ODM business segment grew by 21.99% year-on-year, contributing 167.03 million CNY, which is 22.16% of total revenue[73]. - The revenue from the electrical appliance category under the "BUYDEEM" brand was 418.91 million CNY, up 15.58% from 362.43 million CNY last year[76]. - The company's total cash dividend distributed, including other methods, amounts to ¥38,924,817.84, which represents 100% of the total profit distribution[188]. Dividend Policy - The company plans to distribute a cash dividend of 1.20 RMB per 10 shares to all shareholders, based on a total of 324,373,482 shares[6]. - The company implemented a cash dividend policy, distributing a total of RMB 25,949,878.56 to shareholders, amounting to RMB 0.80 per 10 shares[184]. - The proposed cash dividend for the 2024 fiscal year is ¥1.20 per 10 shares (before tax), based on a total share count of 324,373,482 shares after accounting for treasury shares[190]. - The cash dividend distribution plan is subject to approval by the shareholders' meeting before implementation[190]. - The company has no plans to issue new shares or stock dividends, maintaining a focus on cash dividends[186]. - The company’s cash dividend policy aligns with its articles of association and shareholder return plans, ensuring transparency and compliance[187]. Research and Development - The company invested CNY 38.77 million in R&D during the reporting period, accounting for 6.61% of the revenue from its proprietary brand[66]. - R&D investment amounted to ¥38,771,398.94 in 2024, representing 5.14% of operating revenue, a decrease from 6.02% in 2023[109]. - The number of R&D personnel decreased by 3.45% from 87 in 2023 to 84 in 2024, with the proportion of R&D personnel dropping by 1.09 percentage points[108]. - As of December 31, 2024, the company holds a total of 267 patents, including 68 domestic invention patents and 33 overseas invention patents[66]. Market Expansion and Product Development - The company aims to expand its global business for its "BUYDEEM" brand, focusing on high-quality kitchen appliances and related services[32]. - The company has introduced various products targeting different dietary scenarios, including health pots, water dispensers, and cooking appliances[34]. - The company is exploring the coffee scene with new products such as electronic temperature-controlled pour-over kettles and coffee brewing tools[41]. - The company has expanded its overseas market since 2017, utilizing a distribution model and starting direct sales in 2019, covering regions such as North America, Europe, Japan, and Southeast Asia[58]. - The company launched several new products during the reporting period, including various kitchen appliances and tea products, to diversify its offerings[77]. - The company is focusing on channel strategy upgrades, enhancing its online and offline sales networks to improve market coverage and service responsiveness[85]. Operational Efficiency and Quality Control - The company has implemented a strict supplier evaluation and selection process to ensure the reliability and cost competitiveness of raw materials and equipment[60]. - The company emphasizes quality control through the ISO9001:2015 certification and 6Sigma quality management principles, ensuring high product quality and stability[67]. - The overall gross margin for the reporting period improved due to better operational efficiency and strategic resource allocation[74]. - The company has established strict quality control systems to ensure product quality and brand integrity as it scales operations[135]. - The company is focused on optimizing its operational efficiency through refined management of production, supply chain, and digital processes[131]. Governance and Compliance - The company has a commitment to transparency, with all board members present for the report's approval, ensuring accountability[5]. - The governance structure of the company complies with the requirements of relevant laws and regulations, ensuring the protection of minority shareholders' rights[150]. - The company has established effective investor relations management to ensure timely and accurate information disclosure[148]. - The company has implemented an internal audit system to ensure compliance and effective risk management[151]. - The company has not engaged in any related party transactions that would harm shareholder interests[143]. - The company maintains independence from its controlling shareholders in terms of personnel, assets, finance, organization, and business[152]. Employee and Management Structure - The company reported a total of 1,097 employees at the end of the reporting period, with 520 in production, 246 in sales, and 232 in technical roles[180]. - The company has a diverse educational background among employees, with 651 holding high school or lower, 190 with associate degrees, 235 with bachelor's degrees, and 21 with master's degrees or higher[180]. - The company has a structured salary policy that includes basic, position, performance salaries, and overtime pay, with differentiated compensation based on roles and performance[181]. - The company has a diverse board with members holding advanced degrees in engineering, finance, and law, enhancing its governance and strategic decision-making capabilities[158]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to RMB 4.1373 million[169]. Environmental Compliance - The company complies with multiple environmental protection laws, including the Environmental Protection Law and the Water Pollution Prevention and Control Law of the People's Republic of China[196]. - The company has obtained environmental impact assessments and emission permits for its construction projects, ensuring compliance with environmental regulations[196]. - The wastewater treatment facilities are operational and have consistently met discharge standards, with no exceedances reported[199]. - The company has implemented a hazardous waste classification collection system and has entrusted qualified units for disposal, with no illegal disposal incidents[199]. - The company has established and strictly follows an emergency response plan for environmental incidents, which has been filed with local environmental authorities[200].