AHHL(SH:600761)2025-04-06 07:50Financial Performance - The company's operating revenue for 2024 reached ¥17.33 billion, a 0.99% increase compared to ¥17.16 billion in 2023[33]. - Net profit attributable to shareholders for 2024 was ¥1.32 billion, reflecting a slight increase of 0.18% from ¥1.32 billion in 2023[33]. - The net cash flow from operating activities decreased significantly by 67.83% to ¥473.23 million in 2024 from ¥1.47 billion in 2023[33]. - The total assets of the company increased by 11.01% to ¥19.11 billion at the end of 2024, compared to ¥17.21 billion at the end of 2023[33]. - The net assets attributable to shareholders rose by 29.16% to ¥10.27 billion in 2024 from ¥7.95 billion in 2023[33]. - Basic earnings per share for 2024 were ¥1.59, down 10.67% from ¥1.78 in 2023[34]. - The weighted average return on equity decreased to 14.04% in 2024, down 3.73 percentage points from 17.77% in 2023[34]. - The diluted earnings per share for 2024 were ¥1.48, a slight decrease of 0.67% from ¥1.49 in 2023[34]. - The company reported a decrease of 5.84% in net profit after deducting non-recurring gains and losses, amounting to ¥1.04 billion in 2024 compared to ¥1.10 billion in 2023[33]. - The company achieved operating revenue of 17.325 billion RMB, a year-on-year increase of 0.99%[44]. - The net profit attributable to shareholders was 1.32 billion RMB, reflecting a year-on-year growth of 0.18%[44]. - Operating costs decreased by 1.06% to 13.26 billion RMB[80]. Market Expansion and Product Development - The company achieved record-high economic indicators for the year, continuing its leading position in the industry for 34 consecutive years[5]. - The company developed the world's largest 55t lithium electric forklift and a -55℃ ultra-low temperature cold storage model, breaking foreign brand monopolies[6]. - The company’s overall machine exports increased by 34% year-on-year, supported by the establishment of 28 provincial marketing companies and over 500 sales service outlets[8]. - The company completed the acquisition of Yufeng Intelligent and other companies to enhance its smart logistics industry chain and reduce related transactions[9]. - The company sold 340,200 units of machinery, representing a year-on-year increase of 16.53%[45]. - The export of machinery reached 126,400 units, with a significant year-on-year growth of 34.08%[46]. - The company developed 42 new low-temperature models suitable for -55℃ operations, breaking foreign brand monopolies[44]. - The company has over 30 tonnage levels and 1,000 product categories in its industrial vehicle segment, covering a wide range of applications[55]. - The company has developed intelligent logistics systems, including CCS, WMS, and AGV products, successfully applied in various industries[67]. Research and Development - The company received 363 patent authorizations during the year, including 134 invention patents, and participated in the formulation of multiple national and international standards[6]. - The company holds 3,628 valid patents, including 462 invention patents, and has participated in the formulation of 72 national standards[70]. - Research and development expenses increased by 14.02% to approximately 1.09 billion RMB[82]. - The total R&D expenditure for the period was 108,578.07 million RMB, accounting for 6.27% of the operating revenue[94]. - The company has 1,511 R&D personnel, representing 14.15% of the total workforce[95]. Sustainability and ESG Initiatives - The company’s ESG rating improved to A, and it was recognized as one of the "Top 500 Most Valuable Brands in China"[10]. - The company is focused on sustainable development, accelerating the industrialization of hybrid, lithium battery, and hydrogen fuel forklifts[9]. - The company implemented a sustainable development strategy, achieving annual energy savings of over 700 tons of standard coal and generating approximately 18 million kWh from new distributed photovoltaic power stations[51]. - The company is committed to improving its waste management practices and reducing environmental impact through ongoing monitoring and compliance efforts[160]. - The company invested a total of 173.4 million yuan in social responsibility projects, benefiting 506 individuals[170]. Corporate Governance and Management - The company’s management team remains stable, with no significant changes in shareholdings among key executives during the reporting period[123]. - The board of directors includes a diverse group of professionals with extensive industry experience[126]. - The company has established a performance assessment system for its senior management, which aligns with the provincial regulations[130]. - The company has established specialized committees, including the audit committee, nomination committee, and compensation and assessment committee[137]. - The company has a clear governance structure with a focus on performance-based remuneration for its executives[130]. Financial Strategy and Investments - The company plans to invest in the acquisition of Anhui Yufeng Intelligent Technology Co., Ltd. and increase capital in several subsidiaries, including Anqing Heli Axle Co., Ltd. and Anhui Heding Electromechanical Equipment Co., Ltd.[105]. - The company plans to establish a European headquarters and an overseas R&D center in Germany to enhance its international presence[105]. - The company has proposed to apply for a comprehensive credit line of 5 billion yuan from banks[134]. - The company plans to terminate the public issuance of convertible bonds for the "New Energy Vehicle Construction Project" and "Intelligent Factory Phase II Project," reallocating the remaining estimated funds of 150 million yuan to the "Hefei (Liang'an) High-end Casting and Deep Processing R&D Manufacturing Base Project"[195]. - The total amount of raised funds is 2,043.75 million yuan, with a net amount of 2,043.18 million yuan after deductions[195]. Environmental Compliance - The company is classified as a key pollutant discharge unit, with specific emissions monitored and controlled according to environmental regulations[158]. - The company has implemented measures to control VOC emissions, with a maximum allowable concentration of 70 mg/m³ for non-methane total hydrocarbons[159]. - The company is compliant with national wastewater discharge standards, including GB8978-1996[159]. - The company has a wastewater treatment station that processes effluent before discharge into municipal sewage networks[159]. - The company has established a hazardous waste management ledger and electronic transfer documents for hazardous waste disposal[159]. Shareholder Engagement and Dividends - The company plans to distribute a cash dividend of 6.00 CNY per 10 shares, totaling 534,415,656.60 CNY, based on a total share capital of 890,692,761 shares[14]. - The cash dividend amount for the reporting period is CNY 534,415,656.60, which accounts for 40.50% of the net profit attributable to ordinary shareholders in the consolidated financial statements, amounting to CNY 1,319,631,588.87[150]. - The cumulative cash dividend amount over the last three accounting years is CNY 1,304,026,743.00, with an average net profit of CNY 1,167,300,173.94, resulting in a cash dividend ratio of 111.71%[152].