Sinoma-ec/SEC(SH:603126)2025-04-01 12:00Financial Performance - The company's operating revenue for 2024 was approximately ¥2.32 billion, a decrease of 24.21% compared to ¥3.07 billion in 2023[21]. - The net profit attributable to shareholders for 2024 was approximately ¥7.60 million, down 94.70% from ¥143.43 million in 2023[21]. - The net cash flow from operating activities decreased by 175.10%, resulting in a negative cash flow of approximately ¥128.46 million in 2024[24]. - Basic earnings per share for 2024 were ¥0.0125, a decline of 94.68% from ¥0.2349 in 2023[22]. - The weighted average return on equity dropped to 0.37% in 2024, down from 6.93% in 2023[23]. - The total assets at the end of 2024 were approximately ¥5.13 billion, a decrease of 5.52% from ¥5.43 billion at the end of 2023[21]. - The net profit after deducting non-recurring gains and losses was negative at approximately -¥12.73 million in 2024, compared to ¥114.68 million in 2023[21]. - The company's operating costs decreased by 19.46% to approximately ¥1.97 billion from ¥2.45 billion year-on-year[46]. - Research and development expenses were reduced by 32.29%, amounting to approximately ¥112 million compared to ¥165 million in the previous year[46]. Dividend and Profit Distribution - The profit distribution plan for 2024 proposes a cash dividend of CNY 0.05 per 10 shares, totaling CNY 3,052,500, based on a total share capital of 610,500,000 shares as of December 31, 2024[4]. - The company implemented a cash dividend policy, distributing a total of 50,671,500.00 RMB to shareholders, with a payout of 0.83 RMB per 10 shares based on a total share capital of 610,500,000 shares as of December 31, 2023[116]. - The cash dividend amount represents 40.15% of the net profit attributable to ordinary shareholders in the consolidated financial statements[119]. - The company did not propose any cash profit distribution plan despite having positive distributable profits during the reporting period[117]. Governance and Compliance - The company has confirmed no non-operating fund occupation by controlling shareholders or related parties[5]. - There are no violations of decision-making procedures regarding external guarantees[6]. - The company has received a standard unqualified audit report from Zhongxinghua Accounting Firm[3]. - The company held 4 shareholder meetings during the reporting period, including the 2023 annual general meeting, ensuring compliance with legal and regulatory requirements[84]. - The board of directors consists of 8 members, including 3 independent directors, and has established various committees to enhance governance and oversight[85]. - The company has implemented a fair and transparent performance evaluation and incentive mechanism for senior management, linking compensation to business objectives[87]. - The internal control system has been comprehensively improved, with audits conducted to ensure compliance with governance standards[88]. - The company has not faced any penalties from securities regulatory authorities in the past three years[99]. Risk Management - The company faces macroeconomic risks due to global economic uncertainties and domestic demand challenges, necessitating adjustments in operational strategies[80]. - The company is addressing industry risks related to competition in the green energy sector by promoting the development of energy storage and photovoltaic businesses[80]. - The company is managing foreign exchange risks by implementing price adjustment mechanisms in contracts and monitoring foreign exchange market trends[81]. - The company is enhancing its overseas project risk management to mitigate potential political, legal, and operational risks associated with international expansion[82]. Environmental Responsibility - The company maintained a 100% compliance rate for major pollutant emissions and has seen energy consumption and carbon emissions decrease for three consecutive years[36]. - The company has implemented a comprehensive ecological and environmental responsibility system, ensuring compliance with laws and regulations[137]. - The company has committed to continuous improvement in pollution control and has established emergency response plans for environmental incidents[137]. - The company reduced carbon emissions by 229,945.52 tons through various energy-saving measures and the use of clean energy[138]. - The company has actively participated in poverty alleviation and rural revitalization projects, contributing RMB 1 million to relevant initiatives[140]. Market and Business Strategy - The company aims to implement a "1331" strategy focusing on clean energy, engineering and equipment, and building energy-saving materials[72]. - The company plans to establish a clean energy investment, construction, and operation platform, emphasizing efficient and low-cost clean energy solutions for industrial users[73]. - The company is focusing on technological innovation and upgrading in engineering services, maintaining a leading position in areas such as waste heat power generation and green building materials[74]. - The company is expanding its international presence, targeting key regions such as Southeast Asia, the Middle East, Central Asia, and Africa, in line with the "Belt and Road" initiative[77]. Research and Development - The company has accumulated 365 authorized patents, including 52 invention patents, and has participated in the formulation of 18 national standards[40]. - The company is recognized as a high-tech enterprise with leading core technology in energy-saving and environmental protection engineering, equipment manufacturing, and building energy-saving materials[40]. - The company is committed to increasing R&D investment in clean energy and energy-saving equipment, focusing on breakthroughs in key technologies to enhance core competitiveness[80]. Related Party Transactions - The company will ensure fair pricing and timely disclosure in related party transactions[146]. - The company signed related party transaction contracts worth RMB 203 million during the reporting period, including RMB 37 million for procurement and RMB 166 million for sales[159]. - The company plans to sign new related party transaction contracts totaling no more than RMB 1.2 billion in 2024, with expected procurement from related parties amounting to approximately RMB 300 million[159]. Shareholder Information - The total number of ordinary shareholders reached 70,625 by the end of the reporting period, an increase from 51,231 at the end of the previous month[179]. - The largest shareholder, China National Materials Group Corporation, holds 309,275,786 shares, representing 50.66% of the total shares[181]. - The actual controller of the company is the State-owned Assets Supervision and Administration Commission of the State Council[188]. - The company has not experienced any changes in control during the reporting period[189].