EMTEK(SZ:300938)2025-03-28 13:20Financial Performance - The company's operating revenue for 2024 reached ¥724,996,254.13, representing a 6.71% increase compared to ¥679,399,415.40 in 2023 [22]. - Net profit attributable to shareholders for 2024 was ¥176,109,710.65, up 7.67% from ¥163,563,212.53 in the previous year [22]. - The net profit after deducting non-recurring gains and losses was ¥165,203,754.15, reflecting a 10.77% increase from ¥149,137,784.53 in 2023 [22]. - The net cash flow from operating activities for 2024 was ¥235,379,098.24, a 14.57% increase compared to ¥205,443,556.99 in 2023 [22]. - Basic earnings per share for 2024 increased to ¥1.1577, up 14.83% from ¥1.0082 in 2023 [22]. - The company achieved a revenue of 724.9963 million yuan in 2024, representing a year-on-year growth of 6.71% [78]. - The net profit attributable to shareholders reached 176.1097 million yuan, with a year-on-year increase of 7.67% [78]. - The total assets of the company amounted to 2.048 billion yuan, while the equity attributable to shareholders was 1.184 billion yuan as of December 31, 2024 [78]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 4 RMB per 10 shares to all shareholders, with no bonus shares issued [4]. - The profit distribution proposal was approved by the board of directors, indicating a commitment to returning value to shareholders [4]. Risk Management - The company emphasizes the importance of risk management and has outlined strategies to address potential risks in its future development outlook [4]. - The company is addressing risks related to brand reputation and public trust by strengthening internal quality control and ensuring the objectivity of testing reports [135]. - The company is closely monitoring government policies and industry standards to mitigate risks from potential changes that could affect its operational capabilities [139]. Market and Industry Insights - The total revenue for the inspection and testing industry in China reached ¥4,670.09 billion in 2023, representing a year-on-year growth of 9.22% [31]. - The number of private inspection and testing institutions in China increased to 34,171 in 2023, marking a growth of 5.03% compared to the previous year [32]. - The revenue from emerging sectors such as electronics and machinery reached ¥944.75 billion in 2023, growing by 13.76%, which is 4.54 percentage points higher than the overall industry growth rate [33]. - The market share of private inspection and testing institutions has been increasing, with their revenue reaching ¥1,867.06 billion in 2023, a growth of 6.13% [32]. Testing Services and Capabilities - The company focuses on design verification testing (DV testing) and production validation testing (PV testing) in the automotive sector, which are critical for ensuring product quality and efficiency [36]. - The company offers a comprehensive range of automotive testing services, including functional testing of components, EMC testing, and environmental reliability testing [39][43][47]. - The company has established the largest EMC/RF testing center in South China, equipped with modern analysis and testing devices, and holds multiple international accreditations [51]. - The company conducts reliability testing to simulate environmental conditions and assess product lifespan, ensuring quality targets are met during development and manufacturing [55]. - The company tests consumer products, including toys and textiles, for compliance with safety standards and harmful substance limits, using various international regulations [58]. Research and Development - The company has a strong focus on innovation, collaborating with over ten research institutions to enhance its research and development capabilities [65]. - The company is currently developing several new testing technologies aimed at enhancing product quality and market competitiveness [95]. - Research and development investments have increased to 4.34 million, focusing on dual-use technologies for military and civilian applications [118]. - The company plans to invest in research and development for new products to stay competitive in the industry [172]. Corporate Governance - The company held 2 shareholder meetings during the reporting period, ensuring equal treatment of all shareholders [145]. - The fifth board of directors was formed with 7 members, including 3 independent directors, in compliance with regulations [146]. - The company has implemented a stock incentive plan for senior and middle management to enhance motivation and creativity [150]. - The company ensures timely and accurate information disclosure, with designated platforms for investor communication [151]. Employee and Management Structure - The total number of employees at the end of the reporting period was 1,525, with 1,306 from major subsidiaries and 219 from the parent company [198]. - The company has established a competitive compensation and benefits system, ensuring fair treatment and equal development opportunities for all employees [199]. - The company emphasizes a performance-based compensation system linked to business unit performance and industry salary benchmarks [199]. - The company has a total of 781 technical personnel, 336 sales personnel, and 50 production personnel among its workforce [198]. Future Outlook and Strategic Goals - The company aims to enhance its laboratory capabilities and service quality, focusing on various testing sectors including food, environment, and automotive [127]. - The company anticipates that total automobile sales in China will reach 33 million units in 2025, with a 20% increase in new energy vehicle sales [128]. - The company plans to strengthen R&D investments in areas such as high-power charging platforms and intelligent cockpit technologies to meet current and future customer needs [128]. - The company aims to achieve a 50% increase in testing capabilities by 2025 through strategic partnerships and acquisitions [118].