RT(SH:603036)2025-04-14 08:35Financial Performance - The company's operating revenue for 2024 reached RMB 408,334,549.54, representing a 7.54% increase compared to RMB 379,706,074.24 in 2023[21]. - The net profit attributable to shareholders for 2024 was RMB 95,981,960.22, a slight increase of 0.91% from RMB 95,120,528.11 in 2023[21]. - The net profit after deducting non-recurring gains and losses was RMB 85,426,355.14, up by 7.92% from RMB 79,158,755.90 in the previous year[21]. - The net cash flow from operating activities for 2024 was RMB 62,656,343.63, reflecting a 13.70% increase from RMB 55,108,078.55 in 2023[21]. - The total assets at the end of 2024 amounted to RMB 1,515,905,264.38, a 3.99% increase from RMB 1,457,802,801.22 at the end of 2023[22]. - The net assets attributable to shareholders increased to RMB 1,322,320,620.48, marking a 4.09% rise from RMB 1,270,342,918.94 in 2023[22]. - Basic earnings per share for 2024 were RMB 0.47, a 2.17% increase from RMB 0.46 in 2023[23]. - The diluted earnings per share also stood at RMB 0.47, consistent with the basic earnings per share[23]. - The weighted average return on equity for 2024 was 7.42%, a decrease of 0.26 percentage points from 7.68% in 2023[23]. - The total profit amounted to ¥112,658,843.08, with a year-on-year increase of 2.44%[41]. - Net profit reached ¥97,202,118.63, reflecting a year-on-year growth of 2.59%[41]. - The company achieved operating revenue of ¥408,334,549.54, representing a year-on-year growth of 7.54%[41]. Revenue Breakdown - In the first quarter, the operating revenue was approximately 88.05 million RMB, with a net profit attributable to shareholders of 20.18 million RMB[25]. - The second quarter saw an operating revenue of approximately 102.64 million RMB, with a net profit of 24.33 million RMB[25]. - The third quarter's operating revenue was approximately 98.08 million RMB, with a net profit of 26.69 million RMB[25]. - The fourth quarter reported an operating revenue of approximately 119.56 million RMB, with a net profit of 24.79 million RMB[25]. - The company's revenue from oil drilling equipment reached ¥406,867,090.30, with a gross margin of 45.81%, an increase of 1.82 percentage points year-over-year[44]. - The revenue from lifting equipment was ¥163,552,461.26, with a gross margin of 48.27%, showing a decrease of 0.78 percentage points compared to the previous year[44]. - Domestic revenue accounted for ¥345,977,023.83, with a gross margin of 45.46%, reflecting an increase of 1.89 percentage points year-over-year[44]. - The revenue from card holding equipment was ¥121,660,457.91, with a gross margin of 46.25%, an increase of 1.94 percentage points year-over-year[44]. - The revenue from rotary buckle equipment was ¥62,697,594.03, with a gross margin of 46.18%, an increase of 1.39 percentage points year-over-year[44]. Research and Development - The company completed the development of 22 new products during the year, with 5 entering the trial production stage[32]. - The company has invested in the research and development of new products, particularly in drilling automation, to enhance market influence and performance[35]. - The total R&D expenditure was ¥20,428,220.68, representing 5.00% of the company's revenue[50]. - The company has applied for 9 patents and received 16 authorizations during the reporting period, including 12 invention patents[39]. - The company is focusing on enhancing its R&D capabilities to maintain a competitive edge in high-tech products and services[62]. - The research and development expenses for 2024 are projected to be RMB 20,428,220.68, slightly down from RMB 20,476,731.02 in 2023[174]. Cash Flow and Investments - The company reported a cash flow from operating activities of approximately 45.18 million RMB in the third quarter, contrasting with a negative cash flow of approximately -2.24 million RMB in the second quarter[25]. - The net cash flow from investing activities was -¥14,357,070.96, indicating a significant decrease compared to the previous year[53]. - Cash and cash equivalents at the end of the period amounted to ¥468,332,190.10, representing 30.89% of total assets, a slight decrease of 3.90% compared to the previous period[54]. - The company plans to invest 20.01 million Singapore dollars in the SG-RT Fund, aimed at acquiring convertible bonds from MOOREAST HOLDING LTD[58]. - The company has invested CNY 705 million in bank wealth management products and CNY 499 million in broker wealth management products, with an outstanding balance of CNY 140 million and CNY 144 million respectively[130]. - The company has committed CNY 35 million to a bank wealth management product with a projected annual return of CNY 266,095.89, starting from January 5, 2024, and maturing on July 8, 2024[131]. Governance and Shareholder Matters - The company held 2 shareholder meetings in the year, adhering strictly to legal regulations and ensuring equal rights for all shareholders[73]. - The board of directors convened 9 times during the year, with the fourth board consisting of 6 members, including 2 independent directors, meeting the one-third requirement[74]. - The supervisory board held 6 meetings, maintaining a structure that includes both shareholder representatives and employee representatives, with employee representatives constituting no less than one-third[75]. - The independent directors accounted for one-third of the board's composition, actively participating in meetings and providing valuable suggestions for the company's strategic direction[76]. - The company has established a comprehensive information disclosure management system to ensure timely and accurate communication with all shareholders, particularly minority shareholders[76]. - The company operates with an independent procurement and sales system, demonstrating its autonomous business capabilities[77]. - The company has implemented measures to ensure the independence of its operations, with no single shareholder able to control the board or shareholder meetings[76]. - The company has a well-defined governance structure, with clear responsibilities among the shareholders' meeting, board of directors, supervisory board, and management[73]. Environmental and Social Responsibility - The company invested RMB 574,000 in environmental protection during the reporting period[112]. - The company has implemented carbon reduction measures, achieving a reduction of 2,432.69 tons of CO2 equivalent emissions[115]. - A distributed photovoltaic power station with a capacity of 3.1 MW was constructed on the company's premises, generating 3,072,488 kWh of electricity during the reporting period[115]. - The company made a total donation of 110,000 RMB towards various charitable projects, including support for disabled individuals and poverty alleviation efforts in Shanxi[116]. - The company strictly adheres to environmental laws and regulations, with no administrative penalties reported during the reporting period[113]. - The company does not fall under the category of key pollutant discharge units as defined by environmental protection authorities[113]. Risks and Challenges - The company faces risks from international tensions, oil price fluctuations, exchange rate volatility, and potential product development failures that could impact its operations and profitability[69][70]. - The company has identified a trend of increasing competition in traditional products, emphasizing the need for efficiency and cost control[62]. Future Outlook - The company plans to deepen its domestic and international market presence, enhancing its market share in existing oil products while exploring new markets and users[64]. - The focus will be on product innovation, particularly in automation products for drilling and well completion, to maintain a competitive advantage in technology and product offerings[64]. - Future guidance indicates a cautious outlook, with expectations of gradual recovery in user engagement and revenue growth in the next fiscal year[86]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and product offerings[170].