Financial Performance - The company's operating revenue for 2024 reached ¥253,254,891.65, representing a 12.08% increase compared to ¥225,953,296.40 in 2023[25]. - The net profit attributable to shareholders for 2024 was ¥62,195,039.34, up 7.39% from ¥57,913,654.17 in the previous year[25]. - The basic earnings per share increased to 0.59 in 2024, a rise of 7.39% compared to 0.55 in 2023[25]. - The gross profit margin for 2024 was 41.12%, slightly down from 42.18% in 2023[25]. - The weighted average return on equity based on net profit attributable to shareholders was 15.08% in 2024, compared to 14.97% in 2023[25]. - The net profit attributable to shareholders reached ¥62,195,039.34, reflecting a decrease of 1.07% from the preliminary report[29]. - The company achieved a revenue of 253.25 million yuan, representing a year-on-year growth of 12.08%[45]. - The net profit attributable to shareholders was 62.20 million yuan, with a year-on-year increase of 7.39%[45]. - The total assets reached 497.34 million yuan, reflecting a growth of 4.04% compared to the previous year[45]. - The company reported a basic earnings per share of ¥0.59, a decrease of 1.67% from the preliminary report[29]. - The return on equity (ROE) for the period was 15.08% before non-recurring items, slightly down from 15.10%[29]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 21.32% to ¥69,774,042.46[28]. - The company's cash and cash equivalents decreased by 30.57% to 994.14 million yuan, highlighting a shift in liquidity[50]. - The cash flow from operating activities decreased by 21.32% to ¥69,774,042.46 compared to ¥88,676,659.17 in the previous year[68]. - The investment activities generated a net cash flow of -¥72,808,347.80, an improvement of 39.61% compared to -¥120,568,497.07 in the previous year[68]. - The ending cash and cash equivalents balance for 2024 was CNY 99,409,609.12, down from CNY 142,327,890.76 in 2023[197]. Assets and Liabilities - Total assets increased to ¥497,340,855.63, a growth of 4.04% compared to the end of 2023[28]. - The company's total liabilities stood at ¥72,045,313.72, a slight increase of 0.97% from the previous year[28]. - The debt-to-asset ratio (consolidated) was 14.49%, a decrease from 14.93% at the end of 2023[28]. - The total current liability of CNY 69.35 billion in 2024, slightly up from CNY 69.35 billion in 2023, indicating stability in current liabilities[185]. - Total liabilities rose to CNY 72.05 billion in 2024, compared to CNY 71.36 billion in 2023, indicating a slight increase of about 1%[185]. Research and Development - Research and development expenses increased by 10.20% to ¥17,833,820.11, reflecting the company's commitment to innovation[53]. - The company completed the development of new products including high-pressure winches and air compressors for electric off-road vehicles, upgrading its product matrix[46]. - The company is focusing on developing lightweight and high-performance smart pedals to meet diverse market demands[84]. - The company is in the small-batch trial production phase for its automotive smart electric pedal project, aiming to enhance its market competitiveness[84]. - R&D expenditure amounted to 17,833,820.11 CNY, representing 7.04% of operating revenue, slightly down from 7.16% in the previous period[81]. Market Strategy and Expansion - The company has maintained a focus on expanding its market presence and enhancing its product offerings through new technology and product development initiatives[4]. - The company is focusing on expanding its global strategy by leveraging its success in the overseas aftermarket to penetrate the domestic OEM market[45]. - The company has established a dual-driven sales system for both the aftermarket and OEM markets, enhancing its market presence[41]. - The automotive modification market in China is projected to grow at a compound annual growth rate of approximately 30% from 2022 to 2027, reaching over 400 billion yuan[47]. - The company is committed to protecting its intellectual property through global patent applications and trademark registrations to safeguard its competitive edge[97]. Shareholder and Governance - The total number of unrestricted shares increased from 22,211,200 to 81,086,317, representing a rise from 25.48% to 77.51% of total shares[109]. - The total number of restricted shares decreased from 64,968,800 to 23,529,683, reflecting a drop from 74.52% to 22.49% of total shares[109]. - The total share capital increased from 87,180,000 to 104,616,000 shares following a stock dividend of 2 shares for every 10 shares held[109]. - The company has a total of 7 directors, 3 supervisors, and 5 senior management personnel[127]. - The company has established a robust internal control system to ensure compliance with relevant laws and regulations[147]. Corporate Social Responsibility - The company has engaged in charitable donations totaling RMB 300,000 during the reporting period[90]. - The company is committed to enhancing corporate governance through ongoing training for directors and supervisors[154]. - The company has implemented a comprehensive training program for employees, focusing on onboarding, skills training, and management skills development[138]. Audit and Compliance - The audit report for the company was issued without any reservations, confirming that the financial statements fairly reflect the company's financial position as of December 31, 2024[169][170]. - The company has not experienced any significant accounting errors or omissions during the reporting period, maintaining strict adherence to information disclosure regulations[164]. - The independent directors have not raised any objections to company matters, indicating alignment with company decisions[159].
天铭科技(836270) - 2024 Q4 - 年度财报