BGRIMMTEC(SH:600980)2025-03-31 11:00Financial Performance - The company's total revenue for 2024 reached RMB 1,187,974,946.94, representing a 27.84% increase compared to RMB 929,271,008.62 in 2023[26] - The net profit attributable to shareholders for 2024 was RMB 105,817,106.34, a 15.33% increase from RMB 91,749,862.96 in the previous year[26] - The net profit after deducting non-recurring gains and losses was RMB 98,661,107.07, which is a 20.47% increase compared to RMB 81,894,074.73 in 2023[26] - The company's total assets as of the end of 2024 amounted to RMB 2,613,043,597.95, reflecting a 15.34% increase from RMB 2,265,533,517.84 at the end of 2023[26] - The net assets attributable to shareholders increased to RMB 1,391,566,351.83, a 7.12% rise from RMB 1,299,088,586.56 in 2023[26] - The company achieved total operating revenue of 1,187.97 million RMB in 2024, representing a year-on-year growth of 27.84%[36] - Net profit attributable to shareholders reached 105.82 million RMB, an increase of 15.33% compared to the previous year[36] - The basic earnings per share increased by 15.33% to 0.5591 RMB per share in 2024[28] - The weighted average return on equity rose to 7.87%, an increase of 0.57 percentage points from the previous year[28] Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares, totaling RMB 18,926,352.60, which is 23.25% of the net profit attributable to shareholders[7] - The company approved a cash dividend of 0.52 CNY per 10 shares for the 2023 fiscal year, totaling 9,841,703.35 CNY, which was implemented on June 20, 2024[161] - For the first half of 2024, the company will distribute a cash dividend of 0.30 CNY per 10 shares, amounting to 5,677,905.78 CNY, executed on September 24, 2024[161] - The proposed cash dividend for the 2024 fiscal year is 1.00 CNY per 10 shares, totaling 18,926,352.60 CNY, which represents 23.25% of the net profit attributable to shareholders[162] - Over the last three fiscal years, the cumulative cash dividend paid was 43,909,138.03 CNY, with an average cash dividend payout ratio of 46.87%[166] Research and Development - The company was granted 52 patents in 2024, including 37 invention patents, enhancing its innovation capabilities[37] - The company’s R&D expenses rose by 22.79% to CNY 69,724,993.05, reflecting increased investment in innovation[72] - The company holds over 470 patents, including 191 invention patents, demonstrating its strong R&D capabilities and commitment to innovation[62] - The number of R&D personnel is 131, which represents 17.15% of the total workforce[89] - The company has developed new products, including the world's largest 800m³ intelligent flotation machine, enhancing its position in the mining and metallurgy sector[91] Market Expansion and Strategy - The company expanded its international market presence to over 50 countries, enhancing its competitive position globally[41] - The company aims to expand its international market presence by leveraging opportunities from the Belt and Road Initiative while consolidating its domestic market[59] - The company is focusing on the intelligent and green transformation of the mining and metallurgy equipment industry, driven by technological innovation and environmental policies[104] - The company is actively pursuing green, low-carbon, and high-end transformations in its magnetic materials business, increasing the proportion of high-value-added products[45] - The company is committed to building high-level production bases for mining equipment and magnetic materials to support long-term business development[109] Environmental and Social Responsibility - The company has not experienced any environmental pollution incidents or exceeded emission standards during the reporting period[176] - The total wastewater discharge was 37.1 tons for chemical oxygen demand and 9.4 tons for suspended solids, both within the permitted limits[176] - The company has implemented a comprehensive environmental monitoring system, including automatic monitoring for wastewater and emissions, ensuring compliance with environmental standards[181] - The company has reduced carbon emissions by 3,034.54 tons through various carbon reduction measures[188] - The company invested 68,000 yuan in poverty alleviation and rural revitalization projects, including public facility repairs and educational support for economically disadvantaged students[196] Corporate Governance - The company has established a comprehensive internal control system to enhance operational efficiency and safeguard shareholder interests[169] - The company has implemented a unified management system for its subsidiaries, ensuring effective oversight in financial and operational matters[171] - The company has a clear and independent asset ownership structure, with no interference from the controlling shareholder in financial decisions[126] - The company has established an Investor Relations Management System to ensure equal information access for all shareholders and actively communicate with investors[124] - The company’s board of directors held 12 meetings in the reporting period, ensuring effective governance and decision-making processes[122] Risk Management - The company emphasizes risk prevention and control, enhancing market monitoring and analysis to adapt to changes in raw material prices and industry trends[117] - The company faces macroeconomic risks due to complex domestic and international conditions, with potential impacts on product sales from downstream customer demand shortages[118] - Fluctuations in raw material prices pose a risk to cost control and profitability, prompting the company to optimize procurement strategies and diversify suppliers[119] - The company is implementing measures to manage accounts receivable risks, including customer credit rating assessments and establishing repayment agreements with long-term debtors[119] Human Resources and Talent Development - The company employed a total of 764 staff members, including 103 in the parent company and 661 in major subsidiaries[156] - The workforce consists of 403 production personnel, 49 sales personnel, 180 technical personnel, 25 financial personnel, 75 administrative personnel, and 32 others[156] - The company has a total of 15 employees with a doctoral degree, 127 with a master's degree, 158 with a bachelor's degree, and 464 with an associate degree or below[156] - The company is committed to retaining core talent through a prioritized compensation strategy to ensure sustainable development[157] - The company actively organizes various training programs for employees, including safety training and professional skills enhancement[158]