Financial Performance - The company's revenue for the year ended December 31, 2024, was approximately RMB 614.4 million, representing a 20.4% increase from RMB 510.3 million in 2023[3]. - The net profit for the same period was approximately RMB 120.3 million, slightly down from RMB 120.5 million in 2023[3]. - Basic earnings per share for the year were RMB 4.03, compared to RMB 4.02 in 2023[3]. - The gross profit for the same period was RMB 245,770,000, compared to RMB 241,737,000 in the previous year, showing a slight increase[26]. - The company reported a total comprehensive income of RMB 120,678,000 for the year, compared to RMB 120,067,000 in the previous year[27]. - The profit for the year decreased by RMB 0.2 million or 0.2% to RMB 120.3 million in 2024, compared to RMB 120.5 million in 2023[82]. Revenue Breakdown - Revenue from mainland China increased by approximately RMB 206.4 million or 196.0%, driven by increased demand for new ship orders[4]. - Overseas revenue decreased by approximately RMB 102.2 million or 25.2%, primarily due to a shift in customer preference towards domestic shipyards[5]. - Revenue from the ship desulfurization system decreased by approximately 15.6% to RMB 287.8 million[7]. - Revenue from ship energy-saving devices increased by 10.9% to RMB 64.4 million[8]. - Revenue from marine services increased by 85.0% to RMB 195.2 million, attributed to market opportunities from international maritime regulations[10]. Customer Contributions - Customer A's revenue increased by 2.0% to RMB 139.5 million, accounting for 22.7% of total revenue[11]. - Customer B and Customer C's revenues reached RMB 113.6 million and RMB 104.3 million respectively in 2024, showing significant growth[14]. - Customer D's revenue decreased by 60.3% due to capital expenditures primarily occurring in 2023[14]. - Major customers contributing over 10% of total revenue included Customer A with 139,522 thousand RMB and Customer B with 113,595 thousand RMB, while total revenue from these major customers was 432,943 thousand RMB[46]. Market and Growth Opportunities - The global marine environmental protection equipment market is expected to grow at a CAGR of 29.7% from 2024 to 2028, reaching USD 11.4 billion by 2028[21]. - The company plans to strengthen marketing capabilities and expand its global customer reach[6]. - The nitrogen generation system's revenue is expected to grow significantly, with orders increasing by 130.0% in 2024 compared to 2023[8]. - The company aims to diversify its customer base and reduce concentration risk by investing in market development and sales[14]. Technological Advancements - The company has been awarded 23 new patents in 2024, bringing the total to 80 patents held[19]. - The company is focusing on technological advancements to innovate its equipment and systems, enhancing competitive advantages[14]. - The company is focused on developing new technologies and products in the maritime environmental protection sector, including ship desulfurization and energy-saving systems[31]. - The company plans to invest €15 billion over the next five years to build 50 LNG-powered container ships, indicating a significant shift towards green shipping technology[22]. Financial Position and Assets - Total assets decreased from CNY 451,798 thousand in 2023 to CNY 386,539 thousand in 2024, representing a decline of approximately 14.4%[28]. - Current liabilities increased from CNY 138,843 thousand in 2023 to CNY 266,216 thousand in 2024, indicating a rise of about 91.5%[29]. - Cash and cash equivalents decreased from CNY 177,414 thousand in 2023 to CNY 133,402 thousand in 2024, a reduction of approximately 24.9%[28]. - Total equity attributable to shareholders increased from CNY 252,129 thousand in 2023 to CNY 282,422 thousand in 2024, reflecting a growth of about 12%[29]. Governance and Compliance - The company continues to enhance its governance capabilities and balance shareholder interests while fulfilling social responsibilities[24]. - The company has adopted corporate governance rules to ensure shareholder interests and enhance company value[106]. - The company confirmed compliance with the standards for securities trading by directors since the listing date[107]. Dividends and Shareholder Returns - The total dividend proposed for the year ended December 31, 2024, is CNY 60,000,000, with a final dividend of CNY 1.5 per share, subject to shareholder approval[60]. - The company plans to distribute a special dividend of CNY 48,000,000 for the year ended December 31, 2024, with a dividend of CNY 1.6 per share[59]. Operational Efficiency - The company implemented inventory optimization measures, resulting in a significant reduction in finished goods and in-transit inventory[85]. - The company has focused on timely procurement and alignment of delivery schedules to enhance inventory management[85]. - Distribution and selling expenses increased by RMB 12.3 million or 44.2% to RMB 40.0 million in 2024, mainly due to an increase in sales commissions and the expansion of the marketing team to support new business opportunities[75]. Taxation and Financial Costs - The company reported a corporate income tax expense of RMB 14,279,000 for the year ended December 31, 2024, compared to RMB 17,333,000 for the previous year, indicating a decrease in tax liability[51]. - The effective corporate income tax rate for small and micro enterprises is set at 20.0% for the years ending December 31, 2024, and December 31, 2023, with further deductions applicable for taxable income not exceeding RMB 3,000,000[52]. - The total income tax expense for the year ended December 31, 2024, was RMB 22,627,000, compared to RMB 20,250,000 for the previous year, indicating an increase in overall tax expenses[51]. Events and Future Outlook - The company successfully completed its H-share global offering on January 9, 2025, increasing market attention and providing new opportunities for development[23]. - The company is actively exploring potential mergers and acquisitions to strengthen its competitive position in the market[31]. - There were no significant events occurring after the reporting period[111].
汇舸环保(02613) - 2024 - 年度业绩