xinyaqiang(SH:603155)2025-03-30 08:00Financial Performance - The company's operating revenue for 2024 reached RMB 720,539,666.83, representing a 6.71% increase compared to RMB 675,204,055.75 in 2023[22]. - The net profit attributable to shareholders for 2024 was RMB 114,360,615.15, a decrease of 7.36% from RMB 123,440,414.82 in the previous year[22]. - The basic earnings per share for 2024 was RMB 0.36, down 7.69% from RMB 0.39 in 2023[23]. - The total assets of the company as of the end of 2024 were RMB 2,545,890,506.86, a slight increase of 0.46% from RMB 2,534,323,004.72 at the end of 2023[22]. - The net cash flow from operating activities for 2024 was RMB 168,743,383.92, a decrease of 5.03% from RMB 177,678,239.28 in 2023[22]. - The weighted average return on equity for 2024 was 5.09%, down from 5.37% in 2023[23]. - The company reported a net asset attributable to shareholders of RMB 2,264,929,554.10 at the end of 2024, an increase of 0.77% from RMB 2,247,706,064.36 at the end of 2023[22]. - The company achieved operating revenue of 720.54 million RMB, representing a year-on-year growth of 6.71%[43]. - The net profit attributable to shareholders decreased by 7.36% to 114.36 million RMB, while the net profit after deducting non-recurring gains and losses increased by 3.85% to 90.98 million RMB[43]. - The company's total assets amounted to 2.55 billion RMB, a 0.46% increase compared to the previous year[43]. Cash Dividends - The company plans to distribute a cash dividend of RMB 0.40 per share, totaling RMB 126,314,720.00 to shareholders[7]. - The total cash dividend amount for the recent fiscal year is 126,314,720.00 RMB, which represents 110.45% of the net profit attributable to ordinary shareholders of the listed company[130]. - Over the last three accounting years, the cumulative cash dividend amount is 446,612,760.00 RMB, with an average annual net profit of 179,839,356.05 RMB, resulting in a cash dividend ratio of 248.34%[132]. - The company has a cash dividend policy that includes a proposal to distribute 4 shares for every 10 shares held, based on a total share capital of 225,562,000 shares as of December 31, 2023[125][129]. Research and Development - Research and development expenses were 33.79 million RMB, a slight increase of 1.16% compared to the previous year[44]. - The company has obtained 73 patents and recognized 4 high-tech products during the reporting period[40]. - The company has established a long-term cooperative relationship with universities for research and development, enhancing its innovation capabilities[40]. - The company is focusing on technological innovation to enhance product value and international competitiveness, aiming for a transformation towards high-end, green, and intelligent manufacturing[33]. - The company aims to enhance its product quality and optimize technical processes by increasing R&D efforts and fostering collaboration between its Shanghai R&D center and production lines[88]. Market and Sales Performance - The company achieved a significant increase in production and sales of core products, including hexamethyldisilazane, reaching historical highs[33]. - The company is enhancing its market share in existing markets while capturing new market segments, demonstrating resilience in a competitive landscape[33]. - Functional additives revenue reached ¥635.48 million, an increase of 23.15% year-over-year[48]. - Sales volume of functional additives increased by 36.71% year-over-year, with production volume up by 46.91%[49]. - The gross margin for foreign sales was 31.32%, with a slight decrease of 1.09 percentage points year-over-year[48]. Environmental and Safety Measures - The company reported a total COD emission of 16.36 tons, which is below the regulatory limit of 42.57 tons[139]. - The company has implemented carbon reduction measures, achieving a reduction of 4,517 tons of CO2 equivalent emissions[146]. - The company has established a wastewater treatment system that complies with the standards for discharge into urban sewage systems[140]. - The company has built incineration facilities for treating waste gases, liquids, and residues, ensuring emissions meet regulatory standards[140]. - The company is committed to achieving zero accidents and improving safety and environmental protection standards[88]. Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations[96]. - The board of directors consists of five members, including three independent directors, ensuring a balanced decision-making process[97]. - The supervisory board effectively monitors the company's operations and compliance, safeguarding shareholder interests[97]. - The controlling shareholder has not interfered with the company's decision-making processes, maintaining operational independence[98]. - The company has established a dedicated investor relations management system to ensure compliance and enhance governance[99]. Future Plans and Strategies - The company plans to complete a new project for producing 20,000 tons of high-performance phenyl chlorosilane by April 2025, with an investment of ¥21,840.51 million[73]. - The company plans to strengthen its flexible industrial chain layout by integrating high-performance silicone functional additives with phenyl chlorosilane and related products[87]. - The company anticipates that the market demand for its products will continue to grow rapidly due to the development of strategic emerging industries such as new energy vehicles and 5G technology[86]. - The company is actively expanding its product lines in the organic silicon industry, focusing on both upstream and downstream integration[40]. Shareholder Information - The total number of ordinary shareholders increased from 15,671 to 16,523 during the reporting period[184]. - The largest shareholder, Chulin, holds 145,215,265 shares, representing 45.99% of the total shares[187]. - The second-largest shareholder, Hongta Innovation (Kunshan) Venture Capital Co., Ltd., holds 39,875,919 shares, accounting for 12.63%[187]. - The company has no controlling shareholder, and the largest shareholder is a natural person[189]. - The top ten shareholders hold a significant portion of the company's shares, with the top three alone accounting for over 66%[187].