Shanghai Friendess(SH:688188)2025-04-02 12:40Financial Performance - The company's operating revenue for 2024 reached CNY 1,735,455,070.67, representing a 23.33% increase compared to CNY 1,407,113,183.52 in 2023[24]. - Net profit attributable to shareholders for 2024 was CNY 882,710,217.15, up 21.10% from CNY 728,914,349.94 in 2023[24]. - Basic earnings per share for 2024 increased to CNY 4.30, a 20.79% rise from CNY 3.56 in 2023[23]. - The company's net assets attributable to shareholders at the end of 2024 were CNY 5,467,518,127.30, reflecting a 9.97% increase from CNY 4,971,637,403.99 in 2023[24]. - The company's total asset value at the end of 2024 was CNY 5,877,949,136.52, which is a 10.18% increase from CNY 5,334,791,173.42 in 2023[24]. - The company's net profit excluding non-recurring gains and losses was 820.93 million yuan, an increase of 147.01 million yuan, representing a year-on-year growth of 21.81%[34]. Dividend and Share Capital - The company plans to distribute a cash dividend of RMB 21.60 per 10 shares, totaling approximately RMB 443.78 million, which accounts for 50.27% of the net profit attributable to shareholders for the year 2024[7]. - The total cash dividend for the year, including interim distributions, amounts to RMB 591.29 million, representing 66.99% of the net profit attributable to shareholders[7]. - The company intends to increase its share capital by 4 shares for every 10 shares held, resulting in an increase of 82.18 million shares, raising the total share capital to 287.63 million shares[7]. Research and Development - Research and development expenses accounted for 16.19% of operating revenue in 2024, down from 18.58% in 2023, a decrease of 2.39 percentage points[23]. - The company continues to enhance its core technology R&D capabilities, focusing on advanced industry layouts and expanding its new product matrix[31]. - The company achieved a total R&D investment of ¥281,035,190.17 in the current year, representing a 7.49% increase from ¥261,460,209.22 in the previous year[59]. - The company has developed advanced technologies such as NC technology for automatic detection of model parameters and a speed planning algorithm ensuring high-speed and high-precision control[49]. - The company has obtained 17 invention patents, 7 utility model patents, and 7 design patents during the reporting period, totaling 31 new patents[53]. Market Expansion and Strategy - The company plans to continue its market expansion and product development strategies to sustain growth in the upcoming years[24]. - The company is expanding its market presence by addressing high-power thick plate cutting demands domestically and exploring international application scenarios[34]. - The company aims to develop high-precision motion control systems to reduce reliance on imported core technologies in high-end equipment manufacturing[114]. - The company is committed to becoming a leading brand in the industrial automation control sector, focusing on long-term technological innovation and strategic acquisitions to enhance competitiveness[115]. Governance and Management - The company has maintained a stable management team with no significant changes reported during the reporting period[128]. - The company emphasizes the importance of independent oversight in its operations and decision-making processes[127]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 6.6261 million RMB[132]. - The company completed the election of the third board of directors and the third supervisory board on June 25, 2024, with several new appointments[135]. Risk Management and Compliance - The company emphasizes risk prevention and has implemented a comprehensive risk management system across its subsidiaries[177]. - The internal control audit report for the fiscal year 2024 received a standard unqualified opinion from the auditing firm[178]. - The company is committed to ensuring the accuracy and completeness of its financial disclosures, with all board members affirming their responsibility[143]. Sustainability and Corporate Social Responsibility - The company is committed to sustainable development and has integrated green development principles into its operations[179]. - The company achieved an ESG rating of BBB from the China Securities Index Company for the current year[180]. - The company has invested 12 million yuan in charitable donations during the reporting period[192]. - The company has implemented carbon reduction measures, promoting energy-saving practices among employees and optimizing supply chain processes[186].