Financial Performance - For the year ending December 31, 2024, the revenue was approximately RMB 1,258.9 million, a decrease of 27.2% compared to the previous year[5] - The gross profit for the same period was approximately RMB 249.9 million, representing a decline of about 33.3% year-on-year[5] - The profit before tax was approximately RMB 86.0 million, down approximately 52.6% from the previous year[5] - The profit attributable to equity holders of the company for the year was approximately RMB 67.3 million, a decrease of about 52.9% compared to last year[5] - The total revenue for the year ended December 31, 2024, was approximately RMB 1,258.9 million, a decrease of 27.2% from RMB 1,729.5 million in 2023[52] - Total profit and comprehensive income decreased by approximately RMB 72.8 million or 50.7% from approximately RMB 143.5 million for the year ended December 31, 2023, to approximately RMB 70.7 million for the year ending December 31, 2024[63] Earnings and Dividends - The earnings per share attributable to ordinary shareholders was RMB 13.46 cents[5] - The board recommended a final dividend of RMB 0.04037 per ordinary share, totaling approximately RMB 20.2 million[5] - The proposed final dividend for the year ended December 31, 2024, is RMB 0.04037 per share, totaling approximately RMB 20.2 million, subject to shareholder approval[87] - The total dividend payout ratio is 30% of the profit attributable to the owners of the company for the year[87] Assets and Liabilities - The total assets less current liabilities as of December 31, 2024, amounted to RMB 989.2 million, compared to RMB 981.6 million in the previous year[8] - The company's cash and cash equivalents increased to RMB 506.4 million from RMB 378.9 million year-on-year[7] - Trade receivables decreased to RMB 93.6 million from RMB 125.9 million year-on-year[7] - The company reported a total of RMB 1,058,383,000 in cost of sales for the year ended December 31, 2024, down from RMB 1,264,751,000 in 2023, representing a decrease of about 16.3%[26] - The company's debt-to-equity ratio increased to 188.8% as of December 31, 2024, from 170.4% as of December 31, 2023[69] Revenue Breakdown - Revenue from equipment sales at a specific point in time was RMB 1,000,956 thousand, down from RMB 1,661,171 thousand in the previous year, representing a decline of 39.7%[14] - Revenue from construction line services increased significantly to RMB 232,372 thousand from RMB 39,645 thousand, marking a growth of 485.5%[14] - Revenue from installation services decreased slightly to RMB 25,548 thousand from RMB 28,714 thousand, a decline of 10.0%[14] - Revenue from mainland China for the year ended December 31, 2024, was RMB 936,516,000, down from RMB 1,289,416,000 in 2023, representing a decrease of approximately 27.4%[24] - Revenue from non-building materials customers accounted for 71.1% of total equipment sales in 2024, up from 59.1% in 2023[49] Research and Development - The company invested RMB 51.4 million in research expenses, an increase from RMB 36.0 million in the previous year[6] - The company’s research expenses for the year ended December 31, 2024, were RMB 19,652,000, an increase from RMB 18,155,000 in 2023, reflecting an increase of approximately 8.2%[27] - The company is focusing on research and development of energy-saving technologies and has partnered with Tsinghua University for key technology research[50] Employee and Labor Relations - As of December 31, 2024, the group had 888 employees, a decrease from 1,092 employees as of December 31, 2023[80] - Employee costs for the year ended December 31, 2024, amounted to approximately RMB 125.1 million, down from RMB 137.7 million in 2023[80] - The group has maintained good working relationships with employees, with no major labor disputes reported[80] Cash Flow and Liquidity - The net cash generated from operating activities for the year ended December 31, 2024, was approximately RMB 387.0 million, compared to RMB 46.4 million for the previous year[69] - The company did not face any liquidity issues as of December 31, 2024, maintaining sufficient cash and cash equivalents[74] Compliance and Governance - The company has adopted the Corporate Governance Code as per the Listing Rules Appendix C1 and has complied with its provisions for the year ending December 31, 2024[89] - All directors confirmed compliance with the Standard Code for Securities Transactions by Directors for the year ending December 31, 2024[90] - The Audit Committee, consisting of three independent non-executive directors, reviewed and discussed the audited consolidated financial statements for the year ending December 31, 2024[91] Other Financial Information - The company has not early adopted any new or revised International Financial Reporting Standards that are expected to have a significant impact on consolidated financial statements in the foreseeable future[12] - The group has not engaged in any significant off-balance sheet transactions or arrangements as of December 31, 2024[79] - There have been no significant investments or acquisitions made by the group as of December 31, 2024[82] - The figures in the preliminary announcement for the year ending December 31, 2024, have been agreed upon by the auditors, Deloitte, and are consistent with the amounts approved by the board on March 31, 2024[92] - The annual report for the year ending December 31, 2024, will be sent to shareholders and published on the Stock Exchange and the company's website in due course[93]
中国鹏飞集团(03348) - 2024 - 年度业绩