Financial Performance - For the fiscal year ending December 31, 2024, the company reported a revenue of RMB 86.97 billion, an increase of RMB 2.22 billion or 2.62% compared to RMB 84.75 billion in the previous year[3]. - The net profit attributable to the parent company for the fiscal year was RMB 2.19 billion, a decrease of RMB 0.26 billion or 10.63% from RMB 2.45 billion in the previous year[3]. - The total operating costs for the fiscal year were RMB 81.42 billion, up from RMB 78.07 billion in the previous year, reflecting an increase of RMB 3.35 billion[5]. - The company reported a total comprehensive income of RMB 6.10 billion for the fiscal year, compared to RMB 6.85 billion in the previous year[6]. - The basic and diluted earnings per share for the fiscal year were RMB 0.274, a decrease from RMB 0.311 in the previous year[6]. - The company's gross profit margin for 2024 was approximately 21.5%, compared to 24.8% in 2023, showing a decline in profitability[17]. Dividends and Shareholder Returns - The company proposed a final dividend of RMB 645.80 million, translating to RMB 0.081 per share, down from RMB 0.088 per share in the previous year[3]. - The proposed final dividend per share is RMB 0.081, down from RMB 0.088 in the previous year, representing a decrease of about 7.9%[34]. - The board proposed a final dividend of RMB 645,801,194 for the fiscal year 2024, equivalent to RMB 0.081 per share, compared to RMB 0.088 per share for the fiscal year 2023[95]. Assets and Liabilities - The company's total assets as of December 31, 2024, amounted to RMB 158.76 billion, compared to RMB 144.77 billion as of December 31, 2023[7]. - Total liabilities reached RMB 105.40 billion, up from RMB 96.97 billion, which is an increase of approximately 8.8%[10]. - Current liabilities rose to RMB 95.73 billion from RMB 85.55 billion, reflecting an increase of approximately 11.4%[9]. - Total assets as of December 31, 2024, were ¥202,044,106,950, an increase from ¥185,073,721,109 in 2023[19]. - The total liabilities as of December 31, 2024, were ¥105,395,895,072, compared to ¥96,974,617,928 in 2023, indicating an increase of about 8.8%[20]. Cash Flow and Investments - The net cash inflow from operating activities for 2024 is RMB 2.170 billion, a significant increase of RMB 6.251 billion compared to a net outflow of RMB 4.080 billion in the previous year, reflecting improved customer payment recovery[72]. - The net cash outflow from investment activities for 2024 is RMB 5.367 billion, an increase of RMB 1.753 billion from RMB 3.614 billion in 2023, mainly due to the purchase of structured deposits[72]. - The net cash inflow from financing activities for 2024 is RMB 5.336 billion, up by RMB 1.786 billion from RMB 3.550 billion in the previous year, attributed to increased borrowings from subsidiaries[72]. Research and Development - Research and development expenses for the fiscal year were RMB 6.66 billion, down from RMB 7.57 billion in the previous year, indicating a reduction of RMB 0.91 billion[5]. - R&D expenses totaled CNY 6,660,912,151, down from CNY 7,573,007,040, reflecting a decrease of about 12.0% compared to the previous year[23]. - The company aims to focus on strategic emerging industries and accelerate technological innovation to enhance sustainable competitive advantages[63]. Employee and Operational Metrics - Employee costs for the year ended December 31, 2024, amounted to RMB 17.809 billion, an increase of RMB 210 million or 1.19% compared to RMB 17.599 billion in the same period last year[84]. - The total number of employees as of the reporting date was 71,847, with 21.91% in the aircraft manufacturing business, 74.72% in aviation support systems and related businesses, and 3.37% in aviation engineering services and others[83]. - The group employs 71,847 staff as of December 31, 2024, providing appropriate compensation, benefits, and training[82]. Corporate Governance and Compliance - The company has adopted the corporate governance code and believes it has met the principles and requirements outlined in the code as of December 31, 2024[99]. - All directors confirmed compliance with the standard code for securities trading in 2024[100]. - The audit and risk management committee is responsible for overseeing the company's financial operations and audit procedures, ensuring effective internal controls and risk management[98]. Market and Strategic Initiatives - The company plans to expand its market presence in the aviation sector, focusing on both domestic and international markets[18]. - The company successfully raised approximately RMB 3 billion to advance the construction of a world-class helicopter enterprise[64]. - The company signed multiple contracts for helicopter sales and leases, including a procurement intention contract for 30 helicopters during the Zhuhai Airshow[65].
中航科工(02357) - 2024 - 年度业绩