HAIDA(SZ:300320)2025-03-28 11:30Financial Performance - The company's operating revenue for 2024 reached ¥3,306,351,933.59, representing a 20.88% increase compared to ¥2,735,132,950.16 in 2023[15] - Net profit attributable to shareholders for 2024 was ¥161,733,927.24, up 19.53% from ¥135,311,146.32 in the previous year[15] - The basic earnings per share for 2024 increased to ¥0.2690, a rise of 19.50% from ¥0.2251 in 2023[15] - Total assets at the end of 2024 amounted to ¥3,854,948,493.98, reflecting a 7.11% growth from ¥3,599,135,609.00 in 2023[15] - The company's cash flow from operating activities showed a decline, with a net cash flow of ¥95,029,106.28, down 41.41% from ¥162,182,482.08 in 2023[15] - The weighted average return on equity for 2024 was 7.16%, an increase from 6.37% in 2023[15] - The total net assets attributable to shareholders at the end of 2024 were ¥2,323,791,424.40, up 6.20% from ¥2,188,025,430.00 in 2023[15] Revenue Breakdown - Revenue from rubber and plastic products accounts for 81.31% of total revenue, amounting to CNY 2,688,533,933.30, with a year-on-year growth of 25.10%[51] - Automotive products generated CNY 1,297,298,318.41 in revenue, which is 39.24% of total revenue, reflecting a significant increase of 32.19% year-on-year[51] - Domestic sales contributed CNY 3,041,503,358.37, making up 91.99% of total revenue, with a year-on-year growth of 22.59%[51] - The company reported a decline in other business revenue by 17.93%, totaling CNY 77,842,052.06[51] Product Development and Innovation - The company is actively developing new products in the shipping sector to enhance product differentiation and maintain market share[28] - The company is focusing on R&D for new high-performance polymer materials, enhancing its product structure and market competitiveness[34] - The company has successfully developed a high-performance railway tunnel self-adhesive water stop with CRCC standard compliance, expected to increase sales in the railway sector[63] - The company has developed a new type of metro door sealing system that has improved installation efficiency from 20 minutes to 10 minutes, enhancing market share in the rail sector[63] - The company has introduced an efficient extrusion forming process for precision thin-walled aluminum sunroof guide rail profiles, which is essential for its development in the automotive industry[65] Market Position and Strategy - The automotive sector remains a key area, with the company recognized as a preferred partner for sunroof sealing strips among major suppliers, expanding its presence in the North American market[26] - The company is actively pursuing partnerships with leading electric vehicle manufacturers, ensuring a steady demand for dynamic and static sealing strips[48] - The company aims to leverage the green transition and the "dual carbon" goals to develop new auxiliary materials, enhancing its market position in the energy sector[90] - The company is committed to becoming a leader in the R&D and manufacturing of key rubber and plastic components, targeting high-end equipment and service solutions[91] Supply Chain and Procurement - Rubber raw materials account for 23.33% of total procurement, with average prices of 17.51 and 18.22 yuan for the first and second halves of the year respectively[36] - The company maintains a strong supplier management system, evaluating suppliers annually to ensure quality and supply capabilities[29] - The company has established long-term supply contracts with key suppliers to ensure stability in aluminum ingot and rod supply[30] - The company has implemented measures to manage accounts receivable risks, including performance assessments for sales personnel and regular account reconciliations[95] Environmental and Social Responsibility - The company has established an emergency response plan for environmental incidents, ensuring effective management and response to potential environmental risks[163] - The company has continuously increased investment in environmental governance and protection, enhancing the efficiency of pollutant treatment facilities and ensuring compliance with environmental regulations[165] - The company actively supports social responsibility initiatives, donating 150,000 yuan annually to local charities since 2007[171] - The company was recognized as a "2024 Green Factory" by the Jiangsu Provincial Department of Industry and Information Technology[168] Corporate Governance and Compliance - The company has a complete and independent personnel management system, with no senior management holding positions in the controlling shareholder's enterprises[110] - The company has established a market value management system and disclosed its valuation enhancement plan[101] - The company has maintained a strong internal control system and financial management practices[133] - The company has not engaged in any form of external guarantees beyond those for subsidiaries, safeguarding financial integrity[170] Future Outlook and Strategic Goals - By 2025, the company plans to enhance its R&D capabilities and collaborate with external resources to seize opportunities in emerging industries like new energy vehicles and renewable energy storage[91] - The company aims to achieve its operational goals for 2025 while actively monitoring and adjusting strategies in response to potential risks[98] - The company plans to strengthen its digital management through the implementation of key digital projects, optimizing SRM and MES systems[92]