TECH-LONG(002209)2025-04-09 11:05Dividend Distribution - The company plans to distribute a cash dividend of 0.52 RMB per 10 shares to all shareholders, based on a total of 199,029,050 shares[4]. - The company plans to distribute a cash dividend of 0.52 CNY per 10 shares, totaling 10,349,510.60 CNY, which represents 14.83% of the net profit for 2024[155]. - The company commits to a cash dividend distribution of no less than 10% of the distributable profits for each year during the period from 2024 to 2026[191]. Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB, representing a year-over-year growth of 20%[17]. - The company's operating revenue for 2024 reached ¥1,520,759,758.50, representing an 18.38% increase compared to ¥1,284,590,371.80 in 2023[6]. - Net profit attributable to shareholders increased by 49.69% to ¥69,791,683.36 in 2024 from ¥46,622,882.52 in 2023[6]. - The net profit after deducting non-recurring gains and losses surged by 165.37% to ¥70,775,240.04 in 2024 compared to ¥26,670,033.84 in 2023[6]. - Basic earnings per share rose by 49.24% to ¥0.3531 in 2024 from ¥0.2366 in 2023[6]. - The gross margin improved to 35%, up from 30% in the previous year, indicating better cost management[17]. - The company achieved revenue of approximately CNY 1.52 billion, an increase of 18.38% compared to the previous year, and a net profit attributable to shareholders of CNY 69.79 million, up 49.69% year-on-year[50]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of the fiscal year[17]. - The company is focused on expanding its market presence and enhancing R&D investment to strengthen its competitive edge in the packaging machinery industry[29]. - The company aims to enhance its competitiveness through various R&D projects, including the development of sterilization technologies and intelligent manufacturing equipment[70]. - The company plans to expand its market presence by strengthening its marketing teams and optimizing product and customer structures, targeting both domestic and international markets[101]. Research and Development - The company is investing in new technologies, with a budget allocation of 100 million RMB for R&D in artificial intelligence applications[17]. - The company invested RMB 67.23 million in R&D during the reporting period, representing an 18.87% year-on-year increase, focusing on key technologies such as blow molding and sterilization processes[44]. - The company’s R&D team is noted for its innovation capabilities, providing customized solutions while maintaining technological leadership[36]. - The company aims to enhance its R&D capabilities, focusing on high-speed bottle blowing technology, aseptic technology, and automation control technology to improve efficiency and reliability[99]. Operational Efficiency - The company adopts a "make-to-order" production model, effectively controlling raw material inventory and procurement costs, enhancing operational efficiency[36]. - The company implemented lean management practices, enhancing production efficiency and successfully meeting annual delivery targets despite capacity constraints[53]. - The company improved its supply chain management, significantly reducing the defect rate of core components, which contributed to cost savings[55]. - The company has established a comprehensive quality management system and has obtained ISO9001 certification, ensuring strict quality control throughout the production process[37]. Risk Management - The report emphasizes the importance of risk awareness regarding future development plans and operational goals, highlighting potential risks and countermeasures[4]. - The company recognizes the potential risks from economic slowdown and will focus on R&D innovation to provide advanced and stable products[111]. Corporate Governance - The company completed the election of the ninth board of directors, consisting of 7 members, including 3 independent directors, in compliance with regulations[117]. - The company has established various committees under the board, including strategy, audit, compensation and assessment, and nomination committees, to enhance governance[118]. - The company adheres to strict information disclosure practices, ensuring fair and transparent communication with shareholders[120]. - The company has established a complete internal control system that aligns with its operational needs and management requirements, ensuring effective risk control and business operation[168]. Environmental Commitment - The company has been recognized as a national green factory and has passed environmental management system certification, reflecting its commitment to sustainable practices[185]. - The company has introduced ecological design principles in product development to minimize environmental impact throughout the product lifecycle[178]. - The company has adopted a distributed rooftop photovoltaic power generation system to increase the share of renewable energy in its energy structure[179]. Employee Management - The company emphasizes a flexible compensation policy combining fixed and variable pay to attract and retain talent[148]. - The company has established a training program covering onboarding, safety, and professional skills development for its employees[149]. - The total number of employees at the end of the reporting period was 1,588, with 764 in production, 418 in technical roles, and 71 in sales[146][147]. Future Projections - For 2025, the company projects total operating revenue of 1.8 billion yuan and a net profit of 100 million yuan, with a net profit of 90 million yuan after excluding non-recurring gains and losses[100]. - The company anticipates that the food and packaging machinery industry will achieve a total output value of ¥500 billion by 2025, with an average growth rate of around 8%[28].