STHC(SZ:000045)2025-03-27 09:05Financial Performance - The company's operating revenue for 2024 reached ¥3,335,283,008.68, an increase of 8.30% compared to ¥3,079,678,375.45 in 2023[6]. - Net profit attributable to shareholders for 2024 was ¥89,371,134.24, reflecting a 12.75% increase from ¥79,268,250.45 in 2023[6]. - The net profit after deducting non-recurring gains and losses was ¥77,028,485.76, up 23.58% from ¥62,328,667.73 in 2023[6]. - The net cash flow from operating activities for 2024 was ¥231,264,525.09, a 25.17% increase from ¥184,766,739.80 in 2023[6]. - Basic earnings per share for 2024 were ¥0.18, a 12.50% increase from ¥0.16 in 2023[6]. - Total assets at the end of 2024 were ¥5,232,150,397.33, a decrease of 7.39% from ¥5,649,822,363.44 at the end of 2023[6]. - The company's net assets attributable to shareholders increased by 2.42% to ¥2,951,869,910.25 at the end of 2024, compared to ¥2,882,152,266.22 at the end of 2023[6]. - The company's total revenue for 2024 reached approximately ¥3.22 billion, representing a year-over-year increase of 14.01% compared to ¥2.77 billion in 2023[55]. - The sales volume of polarizers increased to 4,511.36 million square meters in 2024, up 10.92% from 4,067.17 million square meters in 2023[56]. - The operating cash inflow for 2024 was ¥3.50 billion, a 13.67% increase from ¥3.08 billion in 2023[65]. Dividend Distribution - The company plans to distribute a cash dividend of 0.71 CNY per 10 shares based on a total of 506,521,849 shares, with no stock bonus[4]. - The company approved a cash dividend distribution plan for the fiscal year 2023, distributing RMB 0.65 per 10 shares, totaling RMB 32,923,920.19 (including tax) to shareholders[131]. - The cash dividend amount represents 100% of the total profit distribution, with a clear and transparent dividend policy in place[134]. - The company reported a distributable profit of RMB 272,608,113.66 for the period[132]. Business Operations and Strategy - The company operates in the production and processing of optical films, textiles, and related products, with a focus on market expansion in these areas[18]. - The company has a diversified business scope, including import and export operations, and management of hotels and properties[18]. - The company is actively promoting the elimination of non-core businesses to concentrate resources on its main operations, ensuring efficient resource utilization[30]. - The company is focusing on enhancing product differentiation and increasing the sales proportion of high-value-added products, with OLED TV polarizer sales leading the industry[29]. - The company is implementing a "polarizer+" strategy to enhance its core business and explore upstream raw materials, aiming to become a leading new materials technology group globally[83]. - The company is exploring market expansion opportunities, particularly in the automotive sector for polarized film applications[90]. Research and Development - The company has successfully developed high-performance OLED TV polarizers in sizes of 55 inches, 65 inches, and 77 inches, and completed the development of alkali-resistant OLED mobile phone polarizers[28]. - The company holds 109 patents, including 21 domestic invention patents and 86 utility model patents, showcasing its strong R&D capabilities[34]. - The company applied for 15 new patents in 2024, including 7 invention patents and 8 utility model patents, and received 5 authorized patents[43]. - The company is focusing on innovation in its polarizer business, targeting advancements in key technologies such as high transmittance and high durability, while optimizing production processes to increase capacity for large-size polarizers[86]. Risk Management - The company faces risks including macroeconomic, market, raw material, and intensified competition risks, which investors should be aware of[3]. - The company emphasizes the importance of risk awareness among investors regarding forward-looking statements and future development plans[3]. - The company is committed to enhancing safety management and risk control systems to ensure operational stability and compliance[88]. Governance and Compliance - The company is committed to maintaining a robust corporate governance structure, aligning with regulatory standards and enhancing operational transparency[96]. - The company improved information transparency and investor communication, adhering to disclosure principles and enhancing investor relations management[95]. - The company held 4 shareholder meetings in 2024, ensuring compliance with legal requirements and protecting minority investors' voting rights[94]. - The board of directors convened 9 meetings in 2024, adhering to regulations and actively participating in training to enhance governance[94]. - The company has not encountered any major deficiencies in internal control during the reporting period[139]. - The company has not identified any governance issues during the self-inspection of corporate governance practices[140]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities, adhering to relevant environmental standards[142]. - Shengbo Optoelectronics has achieved a VOCs removal rate of over 99.9% through RTO technology, ensuring emissions meet standards with a concentration controlled below 40 mg/m³[148]. - The total COD concentration of wastewater from Shengbo Optoelectronics after treatment is less than 20 mg/L, meeting environmental discharge requirements[148]. - In 2024, Shengbo Optoelectronics invested 9.257 million yuan in environmental governance and paid an environmental protection tax of 8,217.78 yuan[153]. Management Changes - The company experienced a management change with the retirement of Vice General Manager Liu Honglei on May 13, 2024[103]. - The company appointed Liu Yu as the new Chief Financial Officer on February 7, 2024, following the resignation of the previous CFO, He Fei[103]. - The company announced the election of Jiang Yifan as a representative supervisor on September 13, 2024, following the retirement of the previous employee representative supervisor[103]. - The company reported several senior management changes, including the retirement of Liu Honglei, the deputy general manager, on May 13, 2024[106]. Employee Engagement and Development - The company emphasizes fair and reasonable employee compensation management in accordance with national laws and regulations, ensuring appropriate rewards and incentives for employee contributions[129]. - The training plan includes categorizing suitable courses for employees based on departmental work and individual needs, enhancing professional skills and overall quality[130]. - The company encourages a culture of continuous learning among employees, promoting reading and professional development[130]. Market Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[114]. - New product launches are expected to contribute an additional 200 million yuan in revenue over the next year[114]. - The global display industry is entering a recovery phase, driven by the resumption of the consumer electronics market and the maturity of various display technologies, with a significant demand increase for polarizers as a key upstream material[81].