AIM(300446)2025-03-28 14:05Financial Performance - The company's operating revenue for 2024 reached ¥7,780,709,216.87, representing a 32.78% increase compared to ¥5,860,035,816.33 in 2023 [18]. - Net profit attributable to shareholders for 2024 was ¥791,714,105.40, an increase of 87.02% from ¥423,332,778.10 in the previous year [18]. - The net profit after deducting non-recurring gains and losses was ¥755,473,187.58, showing a significant increase of 230.90% compared to ¥228,306,743.75 in 2023 [18]. - The cash flow from operating activities for 2024 was ¥1,048,730,941.25, up 25.11% from ¥838,237,950.97 in 2023 [18]. - Basic earnings per share for 2024 were ¥0.9365, a 50.64% increase from ¥0.6217 in 2023 [18]. - Total assets at the end of 2024 amounted to ¥10,097,735,063.86, reflecting a 4.10% increase from ¥9,700,353,715.44 at the end of 2023 [18]. - The net assets attributable to shareholders at the end of 2024 were ¥5,243,673,706.02, which is a 15.74% increase from ¥4,530,505,626.54 in 2023 [18]. - The company achieved a net profit of 238 million yuan, a year-on-year increase of 8.55%, despite a 5.96% decline in total sales revenue to 546 million yuan [41]. - The company reported a significant increase in domestic sales, which accounted for 98.16% of total revenue, with a growth of 32.55% year-on-year [91]. - The company achieved a total operating revenue of approximately ¥7.78 billion in 2024, representing a year-on-year increase of 32.78% from ¥5.86 billion in 2023 [90]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 2.80 CNY per 10 shares to all shareholders, based on a total share capital of 845,410,111 shares [3]. - The company plans to distribute a cash dividend of ¥1 per 10 shares, totaling approximately ¥84.54 million based on a total share capital of 845,410,111 shares [89]. - The company has developed a new three-year shareholder return plan (2023-2025) to ensure stable and sustainable dividend policies [170]. Industry Trends and Market Position - The automotive industry in China saw a production and sales volume of 31.28 million and 31.44 million vehicles in 2024, representing year-on-year growth of 3.7% and 4.5% respectively [31]. - The sales of new energy vehicles reached 12.89 million units in 2024, with a growth rate of 34.4%, accounting for 40.9% of total vehicle sales, up 9.3 percentage points from the previous year [31]. - The company is actively expanding its business in the new energy vehicle sector, successfully entering the supply chains of several new energy vehicle manufacturers [33]. - The company’s subsidiary, Aerospace Molding, received 12 awards for excellence from major clients such as Changan Deep Blue and Geely in 2024, highlighting its strong market position [32]. - The company maintains a leading position in the domestic oil and gas well perforation and completion equipment industry, with a strong focus on high-end equipment [39]. Research and Development - The company invested 400 million yuan in R&D during the reporting period, with a research intensity of 5.15%, reflecting a year-on-year growth of 20.34% [70]. - The company has increased its R&D personnel by 6.17% from 745 in 2023 to 791 in 2024, with a notable rise in the proportion of personnel holding bachelor's and master's degrees [109]. - The company is focusing on the development of intelligent completion and intelligent perforation technologies to expand new profit margins [40]. - The company has successfully developed a new type of perforating gun, enhancing its technical capabilities in special perforating operations with successful applications of 43-type and 40-type perforating guns [107]. - The company is focusing on the development of high-brightness crystal surface products, which are expected to enhance innovation capabilities and market competitiveness in automotive interior and exterior decoration [107]. Safety and Compliance - The company achieved zero safety incidents and zero environmental accidents during the reporting period, maintaining a stable safety production status [97]. - The company implemented a comprehensive safety management system, conducting 39 emergency drills and promoting 48 safety production control cases [96]. - The company is committed to maintaining compliance with the Shenzhen Stock Exchange's disclosure requirements for automotive manufacturing-related businesses [64]. - The company has established a transparent performance evaluation and incentive mechanism for senior management, ensuring accountability [175]. Strategic Initiatives and Future Outlook - The company aims to implement a "1334" development strategy focusing on becoming a world-class aerospace intelligent equipment manufacturing enterprise [148]. - The company plans to invest in digital transformation and smart manufacturing to improve operational management and risk monitoring [151]. - The company is actively pursuing mergers and acquisitions to enhance its product offerings and market reach [124]. - The company is focusing on technological breakthroughs in high-temperature and high-pressure perforation systems, solidifying its leading position in the domestic market [83]. - The company has plans for future investments in new technologies and product development to strengthen its competitive position in the market [124]. Governance and Management - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with relevant laws and regulations [174]. - The company has established a comprehensive governance structure, ensuring compliance with legal regulations and enhancing decision-making processes [167]. - The company has a complete and independent business system for automotive interior and exterior parts, oil and gas equipment, and high-performance materials [179]. - The company has established an independent financial accounting department, ensuring compliance with accounting standards and independent financial decision-making [181]. - The company is committed to maintaining a high level of financial oversight through its experienced supervisory board [195].