DAWEI(SZ:002213)2025-04-10 10:25Financial Performance - The company's operating revenue for 2024 reached ¥1,047,049,947.63, representing a 42.91% increase compared to ¥732,681,202.61 in 2023[18]. - The net profit attributable to shareholders for 2024 was -¥48,407,047.08, an improvement of 27.35% from -¥66,626,052.31 in 2023[18]. - The net cash flow from operating activities significantly increased to ¥61,663,514.65, a 253.48% rise from -¥40,176,500.00 in 2023[18]. - The company reported a total asset value of ¥780,366,526.01 at the end of 2024, which is a 6.83% increase from ¥730,504,660.44 at the end of 2023[18]. - The basic earnings per share for 2024 was -¥0.2051, showing a 27.35% improvement from -¥0.2823 in 2023[18]. - The company recorded a total of ¥1,010,085,394.40 in revenue from normal business operations after deducting unrelated income for 2024[19]. - The company experienced a decrease in net assets attributable to shareholders, which fell by 6.94% to ¥565,185,541.00 at the end of 2024[18]. - The company reported a significant increase in government subsidies, amounting to ¥1,058,331.17 in 2024, compared to ¥261,138.63 in 2023[24]. - The company’s net loss narrowed to $48.41 million in 2024, a reduction of 27.35% year-on-year, indicating resilience and potential for future growth[35]. - The company achieved over 20% improvement in product energy efficiency through the use of magnesium-aluminum alloy materials in its hydraulic retarder products[60]. Business Focus and Strategy - The company has transitioned its main business focus to "semiconductor storage + smart terminals" and "new energy + automotive" sectors[28]. - The company has been focusing on integrating and expanding its business layout, particularly in the new energy and automotive sectors[28]. - The company aims to expand its overseas market presence and enhance its product offerings in the new energy vehicle sector by 2025[42]. - The company plans to focus on LPDDR5 mass production and domestic market penetration in 2025, while managing risks through high-margin product combinations[39]. - The company is diversifying its business model to include "new energy + automotive" and "semiconductor storage + smart terminals" to address policy changes affecting traditional energy vehicles[130]. - The company is actively seeking to understand its business status and market conditions through various communication channels with stakeholders[131]. Market Trends and Projections - In 2024, the global storage product sales reached $165.1 billion, a year-on-year increase of 78.9%, with DRAM revenue growing by 75.4% and NAND revenue by 75.7%[30]. - The global lithium battery shipment in 2024 is projected to reach 1,501.9 GWh, representing a year-on-year growth of 26.0%, with EV power lithium batteries accounting for 1,036 GWh, up 18.6%[32]. - The global semiconductor market size is expected to reach $718.9 billion in 2025, with a year-on-year growth of 13.2%[30]. - The global electric vehicle (EV) market is expected to see a significant increase, with 12.89 million units sold in 2024, a year-on-year growth of 34.4%[34]. - The global smartphone shipment in 2024 is projected to reach 1.24 billion units, a year-on-year increase of 6.4%[31]. Research and Development - The R&D investment for 2024 was ¥15,116,000, marking a significant increase of 132.77% year-on-year[61]. - The company has filed 52 new patent applications and received 13 new authorized invention patents during the reporting period, reflecting its commitment to innovation[59]. - The company has developed 42 core patents for electric retarder technology, maintaining a leading position in the industry[60]. - The company is enhancing its R&D and technical capabilities to improve its response to technological risks in the industry[130]. - The company is investing heavily in R&D, with a budget allocation of 200 million yuan for new technology development[161]. Governance and Shareholder Relations - The company held 3 shareholder meetings during the reporting period, passing a total of 20 resolutions, ensuring equal rights for all shareholders, especially minority shareholders[136]. - The board of directors consists of 7 members, including 3 independent directors, and held 10 meetings, passing 40 resolutions during the reporting period[137]. - The supervisory board comprises 3 members, including 1 employee representative, and convened 9 meetings, passing 21 resolutions, ensuring compliance with legal and regulatory requirements[138]. - The company has established a fair and effective performance evaluation and incentive mechanism for senior management, ensuring transparency in the hiring process[138]. - The company is committed to maintaining the rights and interests of all shareholders through diligent oversight[168]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential risks in future development[4]. - The company is aware of macroeconomic fluctuations and policy changes that could impact its growth, particularly in the semiconductor and smart terminal sectors[123]. - The company is addressing the risk of intensified market competition by ensuring timely product development and market responsiveness[124]. - The company is focused on securing stable supply chains for key raw materials, particularly storage medium wafers, to mitigate supply and price volatility risks[125]. - The company faces technology risks due to rapid industry changes and must continuously innovate to maintain competitive advantages in the semiconductor storage market[122]. Investment and Financial Management - The company plans to distribute a cash dividend of 0.21 RMB per 10 shares to all shareholders, based on a total share capital of 237,321,380 shares[4]. - The company has established a three-year shareholder dividend return plan for 2023-2025, approved by the board and shareholders[179]. - The company has implemented a stock option and restricted stock incentive plan, with 59,510 stock options granted at an exercise price of RMB 12.43 per option[184]. - The company plans to conduct commodity futures options hedging business to mitigate price volatility risks, which aligns with its long-term stable development strategy[169]. - The company confirmed that the development of commodity futures options hedging does not harm the interests of the company and its shareholders, particularly minority shareholders[171].