Hsino Tower (SH:601096)2025-04-10 15:40Financial Performance - The company's operating revenue for 2024 reached ¥10,138,727,724.30, representing a 9.07% increase compared to ¥9,295,234,214.98 in 2023[24]. - Net profit attributable to shareholders increased by 85.52% to ¥230,123,355.56 in 2024 from ¥124,041,334.68 in 2023[24]. - The basic earnings per share rose by 39.16% to ¥0.0860 in 2024, up from ¥0.0618 in 2023[25]. - The weighted average return on equity increased by 1.37 percentage points to 5.33% in 2024 compared to 3.96% in 2023[25]. - The net cash flow from operating activities was ¥903,288,535.66, a slight decrease of 1.52% from ¥917,242,107.28 in 2023[24]. - The company's total assets at the end of 2024 were ¥9,308,045,350.33, reflecting a 3.03% increase from ¥9,033,880,493.57 in 2023[24]. - The net assets attributable to shareholders increased by 3.94% to ¥4,395,318,787.28 at the end of 2024 from ¥4,228,781,004.47 at the end of 2023[24]. - Non-recurring gains and losses totaled ¥40,318,844.09 in 2024, compared to ¥16,661,776.07 in 2023[30]. - The gross profit margin for the main business increased by 1.80 percentage points to 6.70% due to continuous cost reduction and efficiency improvement measures[86]. - The company reported a significant reduction in financial expenses by 69.27%, amounting to ¥5,886,036.26, due to decreased interest-bearing liabilities[98]. Dividend Policy - The company plans to distribute a cash dividend of 0.114 RMB per 10 shares for the first half of 2024, totaling 30,496,768 RMB[6]. - For the full year 2024, the company anticipates a cash dividend of 0.162 RMB per 10 shares, amounting to 43,337,512.43 RMB, pending approval at the annual shareholders' meeting[6]. - The cash dividend for the recent fiscal year amounted to 73,834,280.43 CNY, representing 32.08% of the net profit attributable to ordinary shareholders of 230,123,355.56 CNY[190]. - The cumulative cash dividend over the last three fiscal years is 73,834,280.43 CNY, with an average annual net profit of 230,123,355.56 CNY, maintaining a cash dividend ratio of 32.08%[192]. Market Expansion and Innovation - The company plans to continue expanding its market presence and investing in new technologies and products in the upcoming periods[34]. - The company is focusing on expanding its international market presence, with significant projects in Pakistan, the Philippines, and Vietnam[35]. - The company applied for 124 patents in 2024, including 66 invention patents, and received 70 authorized patents, with 29 being invention patents[36]. - The company is actively participating in the development of high-voltage transmission technology, which is expected to drive industry growth and technological upgrades[47]. - The company is involved in the design and export of the first transmission support project to North America, indicating its growing international footprint[69]. Operational Efficiency and Cost Management - The company implemented cost reduction and efficiency improvement measures, contributing to profit growth in 2024[25]. - The company has established a complete quality inspection system and professional management team, ensuring product quality through strict quality control measures[79]. - The company has introduced advanced intelligent manufacturing equipment, improving processing quality and efficiency through automation and digital management[75]. - The company plans to focus on smart manufacturing to improve production capacity and reduce operational costs, leveraging automation and intelligent upgrades[132]. Research and Development - Research and development expenses increased by 28.52% to CNY 121.33 million, reflecting the company's commitment to innovation and product development[85]. - The company is focusing on technological research and development to optimize product quality and expand market opportunities[49]. - The company has 202 R&D personnel, accounting for 13.42% of the total workforce[101]. Governance and Compliance - The company has established a complete and independent financial management system, ensuring no shared bank accounts with controlling shareholders[152]. - The company maintains independence from its controlling shareholders in personnel, assets, finance, and operations[148]. - The company emphasizes transparent communication with investors through various channels, enhancing investor understanding[150]. - The company has established performance assessment and remuneration management methods for its management team[168]. Environmental Responsibility - The company invested 20.32 million CNY in environmental protection during the reporting period[198]. - The company has established comprehensive pollution prevention facilities that meet environmental discharge standards and regulatory requirements, ensuring stable compliance with emission indicators[199]. - The company has a valid wastewater discharge permit, effective until July 14, 2028, with the permit number 91340123730039679T001U[200]. - The company has implemented a closed-loop system for production wastewater, with no external discharge, and domestic sewage is treated through a septic tank before entering the sewage treatment plant[199].