SHBM(SH:900939)2025-03-28 12:20Financial Performance - The net profit attributable to shareholders for 2024 is CNY 7,827,983.02, a slight increase of 0.06% compared to CNY 7,823,622.77 in 2023[4]. - The total revenue for 2024 is CNY 15,283,314.34, showing a decrease of 0.05% from CNY 15,291,214.40 in 2023[18]. - The net cash flow from operating activities decreased by 54.31% to CNY 5,889,148.78 from CNY 12,889,057.69 in 2023[18]. - The total assets at the end of 2024 are CNY 168,327,349.35, down 6.15% from CNY 179,355,657.74 in 2023[18]. - The net assets attributable to shareholders decreased by 5.88% to CNY 138,608,819.54 from CNY 147,263,701.62 in 2023[18]. - The basic earnings per share for 2024 is CNY 0.0446, an increase of 3.48% from CNY 0.0431 in 2023[19]. - The diluted earnings per share for 2024 is also CNY 0.0446, reflecting the same growth of 3.48% compared to 2023[19]. - The weighted average return on equity decreased to 5.47% from 5.83% in 2023, a reduction of 0.36 percentage points[19]. - The company’s operating profit for 2024 was CNY 10.14 million, with a net profit of CNY 7.83 million attributable to shareholders[29]. - The total comprehensive income for 2024 was 8,110,078.66 RMB, compared to 7,793,160.88 RMB in 2023, indicating an increase of about 4%[176]. Cash Flow and Investments - The net cash flow from operating activities for 2024 was CNY 5,889,148.78, a decrease of 54.3% compared to CNY 12,889,057.69 in 2023[182]. - Cash inflow from investment activities totaled CNY 150,332,847.79 in 2024, an increase of 7.9% from CNY 140,266,827.16 in 2023[185]. - The net cash flow from investment activities was CNY 60,323,904.41, a significant recovery from a negative cash flow of CNY -4,735,866.84 in the previous year[182]. - The total cash and cash equivalents at the end of 2024 reached CNY 65,934,102.24, up from CNY 16,686,413.82 at the end of 2023, marking a 295.5% increase[183]. - The cash outflow from financing activities was CNY 16,607,419.38 in 2024, compared to CNY 105,996.00 in 2023, indicating a substantial increase in cash outflows[185]. Assets and Liabilities - The total assets of the company as of December 31, 2024, were CNY 168.33 million, with total liabilities of CNY 23.66 million and equity attributable to shareholders of CNY 138.61 million[29]. - The total liabilities decreased from CNY 26.30 billion in 2023 to CNY 23.66 billion in 2024, a reduction of about 10.0%[170]. - Owner's equity decreased from CNY 153.06 billion in 2023 to CNY 144.67 billion in 2024, a decline of approximately 5.0%[171]. - The company's long-term equity investments decreased by 11.50% to CNY 14,435,966.37[61]. - The total current assets decreased to CNY 140,479,372.81 in 2024 from CNY 148,328,559.69 in 2023, a decline of about 5.9%[168]. Shareholder and Equity Information - The total number of ordinary shareholders as of the end of the reporting period was 9,017, an increase from 9,013 at the end of the previous month[139]. - The top ten shareholders hold a total of 181,000,000 shares, representing 99.99% of the company's total share capital[141]. - Shanghai Huili Group Co., Ltd. is the largest shareholder, holding 51,989,300 shares, which is 28.64% of the total shares[141]. - The company has repurchased 11,004,927 shares, accounting for 6.0633% of the total share capital[151]. - The planned share repurchase amounts to between 10,000,000 and 20,000,000 RMB, with a target of repurchasing 2,994,806 to 5,989,611 shares[151]. Governance and Compliance - The company has implemented strict governance measures to ensure compliance with laws and regulations, enhancing internal control and investor relations[81]. - The board of directors consists of a number of members that complies with legal and regulatory requirements, with the audit committee holding 7 meetings during the reporting period[82]. - The company received a letter from the Shanghai Securities Regulatory Bureau regarding governance issues, highlighting four areas for improvement, including the need for timely updates to certain systems[84]. - The company has established a performance evaluation mechanism for all employees, ensuring transparency in the hiring of senior management[82]. - The company has not engaged in insider trading and has not faced regulatory penalties during the reporting period[84]. Business Operations and Strategy - The company is focusing on energy-saving measures and the feasibility of photovoltaic renovations in its rental properties[30]. - The company has been exploring new business opportunities and market expansion but has not made substantial progress[41]. - The company plans to focus on market expansion and new product development in the upcoming fiscal year[174]. - The company is exploring potential mergers and acquisitions to enhance its market position and product offerings[174]. - The company aims to improve its financial health by managing its equity structure and reducing losses in the next reporting period[192]. Challenges and Risks - The company faces risks related to strategic uncertainties and potential delisting due to its small and single main business scale[79]. - The company has a remaining debt claim of RMB 6.188 million against Jiangsu Chensheng Company, which is unlikely to repay[125]. - The company has initiated bankruptcy proceedings against Jiangsu Chensheng Company due to its inability to repay debts[125]. - The company reported a significant increase in accounts receivable, rising to CNY 7,167,794.44 in 2024 from CNY 3,058,775.50 in 2023, indicating a growth of approximately 134.7%[168]. Employee and Management Information - The total number of employees in the parent company and major subsidiaries is 11, with 8 in the parent company and 3 in subsidiaries[104]. - The total pre-tax remuneration for senior management during the reporting period amounted to 106.66 million yuan[87]. - The company has implemented a strict compensation policy based on performance contributions to attract and retain high-performing talent[105]. - The management team has a strong background in both domestic and international markets, which is beneficial for strategic planning[91].