Financial Performance - The company's operating revenue for 2024 reached ¥1,533,742,869.89, representing a 22.85% increase compared to ¥1,248,418,421.07 in 2023[6]. - Net profit attributable to shareholders for 2024 was ¥255,163,884.08, a significant increase of 54.64% from ¥165,004,771.37 in 2023[6]. - The basic earnings per share for 2024 was ¥2.35, reflecting a 53.59% increase compared to ¥1.53 in 2023[6]. - The company's total assets at the end of 2024 amounted to ¥3,428,562,165.48, showing a 1.38% increase from ¥3,381,829,447.55 at the end of 2023[6]. - The comprehensive gross margin improved to 32.19%, up 9.04 percentage points from the previous year, driven by changes in product sales structure and pricing[65]. - The net profit attributable to shareholders reached CNY 255.16 million, up 54.64% year-on-year, while the net profit excluding non-recurring gains and losses was CNY 245.73 million, an increase of 78.99%[63]. - The revenue from heat exchangers constituted 78.88% of total revenue, an increase of 20.33 percentage points compared to the previous year[64]. - The sales revenue from the oil and petrochemical sector accounted for 62.18% of total revenue, a significant increase of 116.69% year-on-year[68]. Dividend Distribution - The company plans to distribute a cash dividend of 5 RMB per 10 shares to all shareholders, with no bonus shares issued[3]. - In 2024, the company plans to distribute cash dividends of 5 RMB per 10 shares, totaling 54 million RMB (including tax) based on a total share capital of 108 million shares[173]. - Following the completion of a stock incentive plan, the total share capital increased to 110 million shares, adjusting the total cash dividend to 55 million RMB (including tax) while maintaining the distribution ratio[174]. - A cash dividend of ¥5 per 10 shares (including tax) is proposed, amounting to a total cash dividend of ¥55,000,000.00, which represents 100% of the profit distribution[178]. - The cash dividend distribution plan is subject to approval at the shareholders' meeting and will be implemented within two months after the resolution[178]. Business Operations - The company has not changed its main business since its listing, indicating stability in its operations[18]. - The company primarily engages in the research, design, manufacturing, sales, and related technical services of metal pressure vessels, focusing on non-standard pressure vessel product series including heat exchange, reaction, storage, and separation pressure vessels[35]. - The company adopts a "sales-driven production" model, organizing production based on customer demand and specifications, ensuring tailored solutions[42]. - The procurement strategy involves ordering raw materials based on production needs, with safety stock maintained for auxiliary materials[44]. - The sales model is direct, with the sales department responsible for client development and maintenance, often requiring strict certification processes for large enterprise clients[45]. Research and Development - The company has established partnerships with universities and industry design institutes to strengthen its R&D capabilities[30]. - The company has a total of 118 R&D personnel and holds 12 invention patents, 61 utility model patents, and 2 software copyrights, emphasizing its commitment to innovation[54]. - The company has completed the research and development of a new microchannel heat exchanger, which aims to improve heat transfer performance and enhance market competitiveness[81]. - The company has developed new LNG gasification and cold energy recovery equipment, successfully passing factory acceptance tests in 2024[61]. - R&D investment rose to ¥51,691,259.34 in 2024, a 19.45% increase from ¥43,274,040.60 in 2023[83]. Market Position and Strategy - The company is positioned in a competitive market for metal pressure vessels, with a focus on high-end manufacturing and innovation to improve its market share[29]. - The company aims to enhance its international presence and brand recognition by serving high-end markets and clients globally[30]. - The company actively expanded its overseas market presence by participating in multiple international exhibitions, enhancing its ability to secure foreign orders[62]. - The company faces risks from macroeconomic fluctuations and changes in downstream industry development, which could impact its future operations[118]. - The company is also exposed to risks from changes in the overseas market environment, including geopolitical factors and local regulations[119]. Governance and Compliance - The financial report confirms that all board members attended the meeting to review the annual report, ensuring accountability[3]. - The company has maintained compliance with legal and regulatory requirements in its governance and management practices[156]. - The company has established a comprehensive internal control system, ensuring effective governance and compliance with relevant regulations[192]. - The management team has not faced any penalties from securities regulatory agencies in the past three years, indicating a clean compliance record[148]. - The company has confirmed that all projects funded by the raised capital are feasible and on track for completion[103]. Employee and Management Information - The company reported a total of 1,030 employees at the end of the reporting period, with no retired employees requiring financial support[162]. - Among the employees, 781 are production personnel, 26 are sales personnel, 124 are technical personnel, 8 are financial personnel, and 91 are administrative personnel[163]. - The company has a strong management team with extensive experience in various sectors, including technology and finance[146][147]. - The total pre-tax remuneration for the chairman and general manager, Cao Honghai, is RMB 756,200[151]. - The total pre-tax remuneration for all directors, supervisors, and senior management is RMB 5,591,100[152]. Environmental Responsibility - The company did not face any administrative penalties related to environmental issues during the reporting period[200]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities[200]. - There were no major environmental problems reported during the period[200]. - The company has not disclosed any additional environmental information as it does not fall under the heavy pollution industry category[200].
锡装股份(001332) - 2024 Q4 - 年度财报