Furuise(300228)2025-04-11 12:25Financial Performance - The company's operating revenue for 2024 reached ¥3,322,399,262.33, representing a 9.34% increase compared to ¥3,038,563,453.40 in 2023[19]. - The net profit attributable to shareholders for 2024 was ¥219,215,799.89, a significant increase of 49.02% from ¥147,107,327.10 in 2023[19]. - The net profit after deducting non-recurring gains and losses was ¥212,535,208.69, up 55.00% from ¥137,117,207.62 in the previous year[19]. - The cash flow from operating activities for 2024 was ¥391,416,880.68, an increase of 44.16% compared to ¥271,518,634.81 in 2023[19]. - Basic earnings per share for 2024 were ¥0.3804, reflecting a 48.77% increase from ¥0.2557 in 2023[19]. - The total assets at the end of 2024 were ¥4,051,499,716.45, a decrease of 4.96% from ¥4,263,054,346.64 at the end of 2023[19]. - The net assets attributable to shareholders increased by 15.58% to ¥2,194,998,326.96 at the end of 2024, compared to ¥1,899,175,047.36 at the end of 2023[19]. - The weighted average return on equity for 2024 was 10.77%, up from 8.11% in 2023, indicating improved profitability[19]. Market and Industry Outlook - The LNG heavy truck market in China is projected to reach 178,200 units in 2024, a year-on-year increase of 17.31%, providing a favorable market environment for the company's LNG vehicle supply systems[28]. - The global LNG demand is expected to grow by approximately 60% by 2040, driven by economic growth in Asia and the need for emission reductions, presenting significant opportunities for the company's heavy equipment products[29]. - The company maintains a high market share in its LNG vehicle supply systems, which is expected to support its operational performance in 2024[28]. - In 2024, the company achieved a domestic sales volume of 178,200 LNG heavy trucks, marking a new high in recent years for LNG heavy truck sales[35]. Research and Development - The company’s R&D investment reached ¥109,911,284.70, accounting for 3.31% of total revenue[36]. - The company holds a total of 365 authorized patents, including 80 invention patents, 281 utility model patents, and 4 design patents[36]. - The company is focusing on upgrading existing products and developing new technologies, particularly in hydrogen fuel cell systems and related components[36]. - The company has applied for 66 new patents in 2024, including 21 invention patents and 45 utility model patents[36]. Operational Efficiency - The company has successfully improved its production capacity utilization rate, leading to steady growth in sales scale and profitability[35]. - The company implemented over 140 cost-reduction projects, significantly improving cost control and operational efficiency[51]. - The gross profit margin for specialized equipment manufacturing was 22.26%, reflecting an increase of 1.83% year-on-year[55]. Investment and Expansion - The company has entered the qualified supplier lists of several Fortune 500 companies, leveraging its reputation and experience in the energy sector to capture new market opportunities[29]. - The company is actively exploring the expansion of its LNG operation service model into overseas markets to achieve long-term sustainable growth[31]. - The company established an overseas subsidiary in Brazil to enhance its international LNG energy operation market, leveraging Brazil's abundant natural gas resources[48]. Risk Management - The company does not foresee any significant risks affecting its normal operations in the near future[4]. - The company is enhancing its foreign exchange risk management by establishing effective mechanisms to mitigate risks associated with currency fluctuations, particularly between USD, EUR, and RMB[117]. - The company is committed to thorough market research and legal compliance to mitigate risks associated with overseas investments, ensuring successful project implementation[119]. Corporate Governance - The company has established a governance structure that complies with relevant laws and regulations, ensuring transparency and effective decision-making processes[125]. - The board of directors consists of 7 members, including 3 independent directors, ensuring a balanced governance framework[126]. - The company has a dedicated audit committee to oversee internal and external audits, enhancing financial oversight[128]. - The company maintains a proactive investor relations strategy, ensuring timely and accurate information disclosure to stakeholders[128]. Shareholder Engagement - The company plans to distribute a cash dividend of ¥0.8 per 10 shares to all shareholders, based on a total of 585,861,549 shares[4]. - The company held its first temporary shareholders' meeting on February 20, 2024, with an investor participation rate of 12.51%[130]. - The annual shareholders' meeting took place on May 7, 2024, with a participation rate of 10.26%[130]. Employee Management - The total number of employees at the end of the reporting period is 1,933, with 1,896 from major subsidiaries and 37 from the parent company[161]. - The professional composition includes 1,267 production personnel, 109 sales personnel, 303 technical personnel, 41 financial personnel, and 213 administrative personnel[161]. - The company implements a training plan aimed at enhancing employee skills and achieving mutual growth for the company and individuals[163]. Financial Management - The company raised a total of RMB 471,073,599.21 through the issuance of 103,989,757 A shares at a price of RMB 4.53 per share[86]. - The net amount of raised funds after deducting issuance costs was RMB 459,409,457.92, with a total of RMB 25,503.98 million utilized by the end of the reporting period, representing 55.51% of the total raised funds[88]. - The company has established a financial derivatives trading management system to control risks associated with financial derivatives trading[84]. Environmental Responsibility - The company utilized approximately 3.25 million kWh of solar energy from rooftop installations, accounting for 30% of its total electricity consumption, thereby reducing carbon emissions[185]. - The company actively invests in the research and development of energy-saving and environmentally friendly products, aligning with national low-carbon economic initiatives[189].