HAI TIAN(SH:603288)2025-04-02 15:00Dividend Distribution - The company plans to distribute a cash dividend of 8.60 CNY per 10 shares, totaling approximately 4.77 billion CNY (including tax) to shareholders[8]. - After the dividend distribution, the company will retain approximately 6.74 billion CNY as undistributed profits[8]. - The company implemented a cash dividend policy, distributing a cash dividend of 6.60 RMB per 10 shares, totaling 3,660,413,152.44 RMB for the fiscal year 2023[131]. - The total cash dividend amount for the fiscal year 2023 was 5,087,111,424.82 RMB, representing 80.19% of the net profit attributable to ordinary shareholders[133]. - The cumulative cash dividend amount over the last three accounting years reached 11,677,364,308.92 RMB, with an average annual net profit of 6,056,156,334.92 RMB[135]. Financial Performance - The company's operating revenue for 2024 reached CNY 26.90 billion, representing a 9.53% increase compared to CNY 24.56 billion in 2023[25]. - Net profit attributable to shareholders for 2024 was CNY 6.34 billion, up 12.75% from CNY 5.63 billion in 2023[25]. - The overall net profit margin was 23.63%, an increase of 0.65 percentage points year-on-year[39]. - The company's revenue for the reporting period was 26.901 billion RMB, an increase of 9.53% year-on-year[51]. - Net profit attributable to shareholders was 6.344 billion RMB, up 12.75% year-on-year[51]. Risk Management - The report includes a risk statement indicating that future plans and strategies do not constitute a commitment to investors, highlighting potential investment risks[9]. - The company has detailed potential risks in the management discussion and analysis section of the report[10]. - The company anticipates potential challenges from raw material price fluctuations, which could impact product gross margins[95]. - The company acknowledges the risk of talent shortages in its technical team as it expands its operations and increases demand for skilled personnel[95]. Governance and Compliance - All board members attended the board meeting, ensuring collective responsibility for the report's content[6]. - The company’s legal representative is Cheng Xue, ensuring accountability for the report's accuracy[18]. - The company has implemented a series of internal governance system revisions to comply with regulations for overseas listings[99]. - The company maintains a strict insider information management system, ensuring no abnormal stock price fluctuations occurred due to insider information leaks[99]. - The company has established specialized committees under the board, including audit, nomination, compensation and assessment, and strategy and sustainable development committees[98]. Research and Development - The company invested 840 million yuan in R&D, accounting for 3.12% of total annual revenue, maintaining an industry-leading level[34]. - The total R&D investment for the reporting period was CNY 839,532,121.05, representing 3.12% of the annual revenue[68]. - Haitan invests heavily in R&D to enhance fermentation technology and product innovation, aiming to meet consumer demands for healthier and more nutritious products[48]. - The company plans to invest 200 million RMB in R&D for new technologies aimed at improving production efficiency[116]. Market Position and Strategy - The company maintained its position as the industry leader with production and sales exceeding 4.5 million tons, ranking first in the seasoning industry[40]. - The company is actively preparing for a Hong Kong stock listing project by the end of 2024 to enhance its international influence[37]. - The company is focused on expanding its market presence and enhancing its product offerings through strategic initiatives and potential acquisitions[124]. - The company plans to continue expanding its multi-channel sales strategy to enhance user reach and market responsiveness[50]. Environmental and Social Responsibility - The company focuses on sustainable development through green production and has been awarded the "2024 China Enterprise ESG Excellent Case Award" among other honors[38]. - The company has invested approximately 89.49 million yuan in environmental protection during the reporting period[141]. - The company has established a sustainable development management system (ESG) to enhance its governance practices[124]. - The company has actively participated in poverty alleviation projects, investing 551,000 yuan to support local income generation[158]. Employee and Talent Management - The company employed a total of 9,010 staff, with 3,413 in the parent company and 5,597 in major subsidiaries[126]. - The workforce includes 3,157 production personnel, 3,054 sales personnel, 1,436 technical personnel, 164 financial personnel, and 1,199 administrative personnel[126]. - The company has established a digital qualification system to improve talent development and training efficiency[128]. - The training program includes a four-tier course system focusing on general knowledge, competency, professional skills, and strategic foresight[129]. Shareholder Engagement - The company held three shareholder meetings during the reporting period, with all proposed resolutions approved[100]. - The total pre-tax remuneration for the chairman was 913.48 million yuan, while the president received 603.27 million yuan during the reporting period[102]. - The company has proposed a plan for profit distribution for the year 2023, reflecting its commitment to shareholder returns[113]. - The company plans to repurchase shares with a budget between RMB 500 million and RMB 800 million, with a maximum repurchase price of RMB 56.60 per share[199]. Financial Management - The company has implemented a comprehensive budget and financial management system to control the income and expenditure of subsidiaries[138]. - The company has a total of RMB 1,045,700,000 in bank wealth management products, with an outstanding balance of RMB 741,333,000[176]. - The company has multiple low-risk bank wealth management investments, with expected annualized returns ranging from 1.23% to 5.10%[178]. - The company has not reported any overdue amounts in its financial dealings[176].