HAOMEI(SZ:002988)2025-03-28 11:55Financial Performance - The company's operating revenue for 2024 reached ¥6,671,794,007.83, an increase of 11.46% compared to ¥5,986,060,490.03 in 2023[6]. - Net profit attributable to shareholders for 2024 was ¥209,404,509.17, reflecting a growth of 15.50% from ¥181,301,910.26 in 2023[6]. - The basic earnings per share for 2024 was ¥0.84, up 5.00% from ¥0.80 in 2023[6]. - Total assets at the end of 2024 amounted to ¥6,407,755,687.58, representing an 8.43% increase from ¥5,909,574,489.02 at the end of 2023[6]. - The cash flow from operating activities for 2024 was ¥219,644,263.52, a decrease of 18.75% compared to ¥270,325,827.08 in 2023[6]. - The company reported a total of ¥4,361,496.26 in non-recurring gains for 2024, compared to ¥1,474,805.49 in 2023[24]. - The weighted average return on equity for 2024 was 8.20%, slightly down from 8.41% in 2023[6]. - The company achieved aluminum profile sales of 275,000 tons, a year-on-year increase of 8.99%, and sales revenue of 6.672 billion yuan, up 11.46%[60]. - The net profit attributable to the parent company was 209 million yuan, reflecting a growth of 15.5% year-on-year, while the net profit excluding non-recurring gains and losses was 205 million yuan, up 14.02%[60]. Market and Industry Trends - The production of aluminum profiles in China for 2024 is estimated at 21.55 million tons, accounting for approximately 43.98% of the total aluminum processing output[27]. - The production of industrial aluminum profiles increased by 23.2% year-on-year to 1.17 million tons in 2024, while the production of building aluminum profiles decreased by 19.9% to 0.985 million tons[27]. - In 2024, national real estate development investment is expected to decline by 10.6%, with new housing construction area decreasing by 23% and completed housing area down by 27.7%, impacting demand for construction aluminum profiles[30]. - The domestic construction aluminum profile market is projected to reach over 200 billion yuan in 2024, with a production volume of 9.85 million tons, indicating a large market size but low industry concentration[29]. - The demand for aluminum profiles in old building renovations is significant, as a large portion of existing buildings have been in use for over 15 years, leading to an urgent need for updates[31]. - In 2024, China's industrial aluminum profile production is expected to reach approximately 11.7 million tons, a year-on-year increase of 23.2%, accounting for 54.29% of total aluminum profile production[28]. - The automotive lightweight materials market is expected to grow due to stricter emissions standards and the need for improved fuel efficiency, with a 10% reduction in vehicle weight potentially improving fuel efficiency by 6%-8%[43]. - In 2024, China's automobile production and sales are projected to reach 31.28 million and 31.44 million units, respectively, with a year-on-year growth of 3.7% and 4.5%[111]. - New energy vehicles are expected to see production and sales of 12.89 million units, reflecting a year-on-year growth of 34.4% and 35.5%[111]. Product Development and Innovation - The company specializes in high-performance aluminum lightweight materials for the automotive industry, providing over 10 types of high-strength aluminum extrusions to major automotive manufacturers[32]. - The company is focusing on the development of smart windows integrated into smart home systems to improve consumer living experiences[64]. - The company has developed high-performance aluminum alloys for automotive applications, achieving international advanced or domestic leading levels in processing capabilities[52]. - The company is focusing on developing green and environmentally friendly curtain wall products, which align with national carbon neutrality goals[77]. - The company has completed the development of a high-precision 6026LF lead-free bar, enhancing its competitive capabilities and market share[78]. - The company has launched an electric and manual micro-ventilation window, expanding its business into smart home and ventilation design fields[79]. - The company is developing a new energy-efficient fire-resistant window system that meets stringent safety and energy efficiency standards for high-rise residential and commercial buildings[80]. - The company is in the research stage for a 6082 threshold beam profile with high collision bending performance, which will serve as a technology reserve for lightweight automotive goals[78]. Corporate Governance and Management - The company has established a robust internal control system and governance structure, adhering to the requirements of the Company Law and other regulatory guidelines[127]. - The company has a dedicated financial department and independent financial management system, with no shared bank accounts with controlling shareholders[131]. - The company actively engages in investor relations, utilizing multiple channels for communication and enhancing transparency in information disclosure[129]. - The company has implemented a mechanism for accountability regarding major errors in information disclosure, improving the quality and transparency of annual report disclosures[129]. - The company has committed to avoiding any competition with its controlling shareholders, ensuring no similar business operations exist[132]. - The company has established independent research and development capabilities, maintaining its own sales network and business contracts[131]. - The company has a clear management structure, with responsibilities defined for the general manager and senior management, ensuring diligent execution of board resolutions[129]. - The company has maintained its independent directors, including Wei Jian and Huang Jiwu, who have been in their roles since 2019[135]. Environmental and Social Responsibility - The company has committed to environmental protection as a fundamental requirement for sustainable development, achieving a balance between economic growth and energy conservation[190]. - The company has established an emergency response plan for environmental incidents, ensuring effective management of any environmental emergencies that may arise, with specific measures and responsibilities assigned[187]. - The company has invested in complete environmental protection facilities, ensuring that all industrial wastewater, waste gas, and waste residue are treated to meet regulatory standards before discharge[188]. - The company has maintained a steady growth in sales revenue, laying a solid foundation for sustainable development, while actively fulfilling social responsibilities[189]. - The company adheres to a "people-oriented" philosophy, providing a safe and comfortable working environment, timely salary payments, and social insurance for employees[190]. - The company has developed partnerships with technical schools to train students in mechanical and electrical fields, aiming to improve the quality of its workforce[161]. Future Outlook and Strategic Plans - The company plans to continue expanding its market presence and developing new technologies in the upcoming fiscal year[96]. - Future guidance indicates a focus on enhancing operational efficiency and exploring potential mergers and acquisitions[96]. - The company aims to increase the proportion of automotive lightweight business and system window business in total revenue, focusing on enhancing brand influence and market share[113]. - The company plans to optimize its product structure by increasing the proportion of curtain wall products in the building aluminum profile business[116]. - The company will enhance its technical research and development capabilities, focusing on lightweight materials for automobiles and high-end industrial materials[114]. - The company intends to increase the use of renewable energy and recycled aluminum in its manufacturing processes to meet low-carbon demands[114]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million yuan earmarked for potential deals[145].