新兴装备(002933) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was ¥461,576,937.62, representing a 10.82% increase compared to ¥416,492,464.62 in 2023[6]. - The net profit attributable to shareholders for 2024 was ¥18,898,649.53, a significant increase of 32.61% from ¥14,250,781.51 in 2023[6]. - The basic earnings per share for 2024 was ¥0.16, up 33.33% from ¥0.12 in 2023[6]. - The total assets at the end of 2024 were ¥2,382,645,824.81, a decrease of 2.87% from ¥2,452,992,126.57 at the end of 2023[6]. - The company reported a net cash flow from operating activities of -¥45,037,817.87 in 2024, a decline of 129.26% compared to ¥153,903,034.08 in 2023[6]. - The weighted average return on equity for 2024 was 1.27%, an increase from 0.98% in 2023[6]. - The gross profit margin for the manufacturing industry was 25.86%, down 6.07% from the previous year[53]. - The revenue from technical services and others increased by 60.13%, reaching ¥59,083,385.45, while the revenue from airborne equipment grew by 6.03% to ¥402,493,552.17[52]. - The company achieved a net profit of 30,560,730.46 yuan at the parent company level for 2024, contributing to a total distributable profit of 693,368,033.33 yuan[166]. Dividend Distribution - The company plans to distribute a cash dividend of 0.20 RMB per 10 shares based on a total share capital of 117,350,000 shares as of December 31, 2024[5]. - The cash dividend for 2024 represents 12.42% of the net profit attributable to shareholders, ensuring a significant return to investors[166]. - The cash dividend distribution for 2023 was approved at the annual general meeting, with a payout of 0.25 yuan per 10 shares, amounting to 2,933,749.56 yuan[164]. - The company has not proposed any stock dividends or capital reserve transfers for the current reporting period, focusing solely on cash dividends[164]. Business Operations and Strategy - The company is positioned in the defense technology industry, which is a crucial part of national security and modernization efforts[28]. - The company is focusing on technological innovation and digital transformation in the aerospace equipment manufacturing sector[29]. - The main business includes the research, production, and sales of airborne equipment and related services, with products widely applicable in helicopters, fixed-wing aircraft, and drones[32]. - The company has established a comprehensive business system integrating research, production, and sales, ensuring efficient product development and service delivery[36]. - The company is expanding its business into fixed-wing aircraft, drones, and civil helicopters, broadening its market application[42]. - The company aims to enhance its core business in smart electromechanical systems and expand into fixed-wing aircraft and underwater weapon markets[96]. - The company plans to increase R&D investment in 2025 to develop more intelligent, electric, and customized products, ensuring competitiveness[98]. Risk Management - The company acknowledges risks including operational performance volatility, high customer concentration, and potential bad debts from accounts receivable[4]. - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts[4]. - The company has established a robust accounting policy for accounts receivable, ensuring adequate provisions for bad debts[103]. - The company recognizes the importance of maintaining a strong reputation through quality product delivery, which is crucial for customer trust and market performance[98]. Shareholder Engagement and Governance - The company has established a three-year shareholder return plan for 2024-2026, aiming to enhance transparency and investor returns[163]. - The annual shareholders' meeting had a participation rate of 32.98% on May 31, 2024[122]. - The company has a complete organizational structure, with independent operation of the shareholders' meeting, board of directors, and supervisory board[120]. - The company has implemented a "Quality Return Dual Improvement" action plan to enhance shareholder value and operational efficiency[110]. - The governance structure has been strengthened, ensuring compliance with relevant laws and regulations, which supports sustainable growth[113]. Research and Development - The company has accumulated significant technical expertise in airborne equipment, particularly in suspension and launch systems, supported by a robust research management system[40]. - R&D personnel increased by 4.95% to 106, with the proportion of R&D personnel rising to 40.46%[62]. - The company has successfully passed the high-tech enterprise certification review multiple times, benefiting from a 15% corporate income tax rate[106]. - The company is committed to continuous innovation and development of new products to maintain its competitive edge in high-tech military equipment[105]. Employee Management and Development - The total number of employees at the end of the reporting period is 262, with 237 from the parent company and 25 from major subsidiaries[157]. - The company emphasizes a competitive salary structure aligned with market standards and internal fairness, promoting sustainable development[159]. - The internal training program includes nearly 1,000 quality courses to improve employee skills and knowledge, focusing on professional development and internal knowledge sharing[160]. - The company has established a performance-based salary assessment mechanism, linking employee income levels to performance[159]. Investment and Fund Management - The company has committed to invest a total of 31,433 million in the new aviation equipment manufacturing industrialization project, with 100% of the funds utilized by the end of the reporting period[81]. - The company has raised a total of 50,466.83 million for various projects, with 20,180.28 million utilized by the end of the reporting period, achieving a utilization rate of 100% for the new aviation equipment manufacturing project[87]. - The company has adopted a cautious approach towards investment projects due to changes in industry outlook and potential significant decreases in return rates since 2020[85]. - The company has implemented changes to the investment project locations and has added a wholly-owned subsidiary as the new implementation entity for the "New Aviation Equipment Manufacturing Industrialization Project"[85]. Environmental and Social Responsibility - The company emphasizes environmental protection and actively engages in energy-saving and emission-reduction activities[187]. - The company maintains open communication with government departments and regulatory agencies, fulfilling its tax obligations and contributing to national economic development[188]. - The company has not yet initiated poverty alleviation or rural revitalization efforts during the reporting period[189].