DUPT(SZ:301158)2025-04-09 11:40Financial Performance - The company's operating revenue for 2024 reached ¥667,229,336.67, representing a 17.68% increase compared to ¥567,008,289.47 in 2023[14]. - Net profit attributable to shareholders for 2024 was ¥99,193,651.88, up 14.37% from ¥86,734,272.27 in 2023[14]. - The cash flow from operating activities for 2024 significantly increased by 86.13% to ¥197,085,737.22 from ¥105,884,015.27 in 2023[14]. - Basic earnings per share for 2024 were ¥0.67, a 15.52% increase from ¥0.58 in 2023[14]. - Total assets at the end of 2024 amounted to ¥1,781,557,081.97, reflecting a 9.50% growth from ¥1,626,941,691.19 at the end of 2023[14]. - The company achieved a total revenue of 667.23 million yuan, representing a year-on-year growth of 17.68%[61]. - Domestic revenue was 540.13 million yuan, up 17.75% year-on-year, accounting for 80.95% of total revenue[61]. - International revenue reached 127.10 million yuan, increasing by 17.35% year-on-year, making up 19.05% of total revenue[61]. - The net profit attributable to shareholders was 99.19 million yuan, reflecting a growth of 14.37% compared to the previous year[61]. - The net cash flow from operating activities improved by 86.13%, totaling 197.09 million yuan[61]. Dividend Distribution - The company plans to distribute a cash dividend of 1.90 CNY per 10 shares (including tax) to all shareholders, based on a total share capital of 148,143,110 shares after deducting the repurchased shares[3]. - The company distributed cash dividends of 3.054430 CNY per 10 shares, totaling 45,111,154.62 CNY (including tax) based on a total share base of 147,690,910 shares after excluding repurchased shares[177]. - For the third quarter of 2024, the company plans to distribute cash dividends of 1.20 CNY per 10 shares, amounting to 17,777,173.20 CNY (including tax) based on a total share base of 148,143,110 shares[177]. - The total cash dividend amount, including other methods, is 68,400,227.90 CNY, which accounts for 100% of the total distributable profit of 299,465,412.05 CNY[179]. Research and Development - The company focuses on R&D for drilling tools and equipment, adapting to various harsh operating environments, which enhances its competitive edge[30]. - The company has a comprehensive R&D model that involves cross-departmental collaboration to develop customized products based on client needs[35]. - The company is in the pilot phase of developing a new integrated drilling tool and logging instrument, which is expected to enhance competitive advantage[74]. - The company is advancing the development of a low-pressure hydraulic oscillator, which is anticipated to improve drilling efficiency and reduce energy consumption[1]. - The company has established a comprehensive project management process for engineering projects, including stages such as project approval, implementation, completion acceptance, and final settlement[197]. Market Strategy and Expansion - The company plans to leverage advancements in AI and new drilling technologies to enhance operational efficiency and increase production capacity[24]. - The company aims to become the largest manufacturer and service provider of downhole power drilling tools in China within the next three years, focusing on high-temperature and high-pressure wellhead products[110]. - The company plans to increase its overseas market share, particularly in Russia, the United States, and the Middle East, with a goal of achieving over 50% of total revenue from international markets[112]. - The company will implement a multi-brand strategy to better target multiple markets and enhance its market presence in North America, the Middle East, and Russian-speaking regions[112]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the G sector[7]. Governance and Compliance - The company has established a comprehensive governance structure, including various internal regulations to ensure compliance and operational independence from the controlling shareholder[129]. - The company has not encountered any violations of laws or regulations in its internal operations during the reporting period[127]. - The company has implemented a value enhancement plan, although details on its disclosure were not provided[124]. - The governance structure ensures a clear separation of powers among the shareholders' meeting, board of directors, and supervisory board[126]. - The company actively respects and protects the rights of stakeholders, promoting environmental protection and corporate social responsibility[137]. Employee Management and Compensation - The total number of employees at the end of the reporting period is 829, with 440 in production, 62 in sales, 112 in technology, 16 in finance, 34 in administration, and 165 in management[174]. - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to 4,000,300 RMB, including basic salary, performance salary, and various insurance and provident fund contributions[164]. - The company has established a remuneration management system that combines basic and performance-based salaries, with adjustments based on annual performance evaluations[163]. - The employee stock ownership plan includes 95 employees holding a total of 772,600 shares, representing 0.51% of the company's total equity[181]. - The company has implemented a comprehensive training program for employees, including safety, skills, and regulatory training[176]. Operational Efficiency - The company reported a decrease in operational costs by I%, attributed to improved supply chain management[9]. - The company has established procurement management standards to improve efficiency and reduce risks in the procurement process[193]. - The organization has a clear structure with defined responsibilities across various departments, enhancing operational efficiency[186]. - The company has implemented strict management standards for monetary funds, ensuring separation of incompatible positions in financial operations[192]. Risks and Challenges - The company faces risks related to foreign currency fluctuations, which could adversely affect earnings due to exchange losses and capital depreciation[120]. - The oil and gas drilling equipment industry faces intense competition, with numerous suppliers vying for market share, which may lead to fluctuations in the company's market share and performance if it fails to maintain technological and brand advantages[116]. - The global shift towards low-carbon energy sources poses a long-term risk to the oil and gas industry, with non-fossil energy expected to increase from 15% to 30% by 2050, potentially impacting oil demand[119].