WXHS(SH:603090)2025-03-28 08:05Financial Performance - The company's operating revenue for 2024 was CNY 713,035,811.94, representing a 2.46% increase compared to CNY 695,929,588.42 in 2023[23]. - The net profit attributable to shareholders for 2024 was CNY 49,359,425.00, a decrease of 8.22% from CNY 53,779,616.34 in 2023[23]. - The net profit after deducting non-recurring gains and losses was CNY 49,252,404.61, down 6.78% from CNY 52,835,271.90 in 2023[23]. - The cash flow from operating activities for 2024 was CNY 103,987,457.62, a decrease of 6.89% compared to CNY 111,680,772.27 in 2023[23]. - Operating profit was 60.95 million yuan, a year-on-year decrease of 14.07%[54]. - Net profit reached 49.73 million yuan, down 10.65% year-on-year, primarily due to significant losses in the lithium battery business[54]. - The weighted average return on equity decreased to 8.71%, down 1.20 percentage points from the previous year[24]. - Basic earnings per share fell to 0.49 yuan, a decrease of 9.26% compared to the previous year[24]. Assets and Liabilities - The total assets at the end of 2024 were CNY 879,505,893.87, reflecting a 7.32% increase from CNY 819,513,322.73 at the end of 2023[23]. - The net assets attributable to shareholders increased to CNY 578,485,274.03, a 3.35% rise from CNY 559,752,594.03 at the end of 2023[23]. - Total liabilities increased to CNY 284,418,259.53 from CNY 243,444,786.46, reflecting a rise of approximately 16.8%[190][191]. - The total current liabilities amounted to CNY 271,771,852.29, compared to CNY 238,515,553.00 in the previous year, indicating an increase of about 13.9%[190]. Revenue Segments - The heat exchanger business generated over 600 million yuan in revenue, representing a year-on-year growth of approximately 4.36%[30]. - The lithium battery PACK segment reported revenue of about 34 million yuan, a decline of approximately 30% year-on-year, resulting in a loss of around 30 million yuan[30]. - The company achieved operating revenue of 713 million yuan in the reporting period, with a net profit of 49.73 million yuan[30]. Research and Development - R&D expenses amounted to 33,148,488.49 CNY, representing 4.65% of total revenue, with a 6.83% increase compared to the previous period[63]. - The company has 157 R&D personnel, accounting for 18.07% of the total workforce[64]. - The company is focusing on the development of power lithium battery products after deciding to close its e-commerce business in the lithium battery sector[30]. Governance and Compliance - The report includes a standard unqualified audit opinion from Zhongxinghua Accounting Firm[5]. - The company has confirmed no non-operating fund occupation by controlling shareholders or related parties[8]. - The company has implemented measures to manage insider information and ensure compliance with disclosure processes[89]. - The company’s governance structure complies with relevant laws and regulations without significant discrepancies[89]. Shareholder Information - The company plans to distribute a cash dividend of CNY 3.00 per 10 shares, totaling CNY 30,000,000.00 based on a total share capital of 100,000,000 shares as of December 31, 2024[6]. - The total pre-tax remuneration for the chairman and general manager, Niu Faqing, was 62.05 million yuan for the reporting period[92]. - The company has a total of 2,704,650 shares outstanding, with a market capitalization of 464.62 million[93]. Environmental and Social Responsibility - The company has established an environmental protection mechanism and invested 1,000,000 RMB in environmental protection during the reporting period[129]. - The company has received the ISO 14001:2015 environmental management system certification, indicating compliance with environmental management standards[133]. - The company actively engages in community support, including organizing voluntary blood donation campaigns[140]. Future Outlook - The company plans to achieve a revenue of 800 million yuan and a net profit of 65 million yuan by 2025[82]. - The company aims to enhance its R&D investment to develop high-efficiency and environmentally friendly heat exchanger products to meet market demands[80]. - The company intends to optimize its product structure, particularly in the lithium battery PACK business, to increase profitability[82].