Evergreen Technology(603125)2025-04-11 14:00Financial Performance - The company's operating revenue for 2024 reached ¥1,079,927,734.18, representing a year-on-year increase of 5.98% compared to ¥1,019,011,837.61 in 2023[24] - The net profit attributable to shareholders for 2024 was ¥204,239,034.79, a decrease of 3.92% from ¥212,572,316.87 in 2023[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥189,879,669.44, down 8.47% from ¥207,453,047.25 in the previous year[24] - The net cash flow from operating activities for 2024 was ¥212,403,865.58, an increase of 3.31% compared to ¥205,598,020.53 in 2023[24] - The net assets attributable to shareholders at the end of 2024 were ¥2,332,453,547.30, reflecting a growth of 7.56% from ¥2,168,515,968.81 at the end of 2023[24] - Total assets as of the end of 2024 amounted to ¥2,555,949,332.54, marking an increase of 11.21% from ¥2,298,254,162.50 in 2023[24] - Basic earnings per share decreased by 12.05% to CNY 0.73 in 2024 compared to CNY 0.83 in 2023[25] - The weighted average return on equity fell by 3.47 percentage points to 9.11% in 2024 from 12.58% in 2023[25] Dividend and Share Capital - The company plans to distribute a cash dividend of ¥0.15 per share (before tax) to all shareholders, totaling ¥41,879,625.00 (before tax) based on a total share capital of 279,197,500 shares[8] - The company intends to increase its share capital by 0.45 shares per share from capital reserves, resulting in a total share capital increase to 404,836,375 shares[8] - The total cash dividend amount (including tax) for the recent fiscal year is CNY 204,239,034.79, which accounts for 20.51% of the net profit attributable to ordinary shareholders[175] - The company will increase its total share capital by 86,647,500 shares through a capital reserve transfer, raising the total share capital to 279,197,500 shares[171] Research and Development - The company has made significant progress in R&D, achieving breakthroughs in domestic catalyst production and improving product specifications and process parameters[36] - The company's R&D expenses increased by 20.78% to CNY 49,765,760.82, driven by investments in new product development for the Taizhou project[69] - R&D expenses for the current period totaled ¥49,765,760.82, accounting for 4.61% of operating revenue[82] - The company has a total of 78 patents, including 11 invention patents and 66 utility model patents[104] Market and Industry Trends - The global market for ion exchange resins is projected to grow at a compound annual growth rate of 7.3%, reaching approximately 5.189 billion USD by 2028[49] - The fine chemical industry is experiencing slow growth and structural adjustments due to geopolitical conflicts and trade barriers, leading to uncertainties in 2024[45] - The global ABS resin market is projected to reach $16.17 billion in 2024 and exceed $21.28 billion by 2030, with China's ABS plastic consumption surpassing 11 million tons in 2023[51] - The company is positioned to fill domestic technology gaps and replace imports in the specialty monomer and additive sectors[44] Operational Efficiency and Safety - The company successfully eliminated over 200 safety hazards in 2024, ensuring stable production line operations[39] - The company maintains a high level of production efficiency and cost control through continuous production methods for specialty monomers[100] - The company has implemented multiple safety measures to mitigate risks associated with the handling of hazardous chemicals, although the possibility of accidents cannot be entirely ruled out[132] Strategic Initiatives - The company is advancing its fundraising projects, with production facilities entering trial production ahead of schedule, laying the groundwork for full production in 2025[34] - The company is constructing a new production base in Taizhou, which will utilize clean technology and enhance operational efficiency[35] - The company aims to become a leader in the high polymer new materials sector by 2025, focusing on technological innovation and addressing domestic supply gaps[123] - The company plans to drive digital and intelligent transformation in management processes by 2025, improving management efficiency and addressing challenges from expanding asset and personnel scales[128] Governance and Compliance - The company has established a robust governance structure, holding multiple board and shareholder meetings to ensure compliance and effective oversight of operations[139][140] - The company has implemented a strict insider information registration management system to ensure fair information disclosure and protect shareholders' rights[144] - There are no significant differences between the company's governance and the regulations set by the China Securities Regulatory Commission, ensuring independent operations[144] Environmental Management - The company has implemented a comprehensive environmental management system, ensuring compliance with relevant environmental laws and regulations[183] - The company has successfully maintained the operation of pollution control facilities, ensuring that emissions meet the required standards[185] - The company has prepared an emergency response plan for environmental incidents, which has been submitted to local environmental authorities for record[187] Employee and Management - The company has a total of 422 employees, with 418 in the parent company and 4 in major subsidiaries[167] - The employee composition includes 274 production personnel, 34 sales personnel, 33 technical personnel, 9 financial personnel, and 72 administrative personnel[167] - The company has implemented a training program that combines various training methods to enhance employee skills and capabilities[169] - The management team includes experienced professionals with backgrounds in various sectors, enhancing the company's operational capabilities[151]