日久光电(003015) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 reached ¥583,054,725.20, representing a 22.00% increase compared to ¥477,930,881.67 in 2023[18]. - The net profit attributable to shareholders for 2024 was ¥67,474,242.09, a significant turnaround from a loss of ¥16,582,565.92 in 2023, marking a 506.90% increase[18]. - The net profit after deducting non-recurring gains and losses was ¥60,416,368.57 for 2024, compared to a loss of ¥18,953,546.65 in 2023, reflecting a 418.76% improvement[18]. - The basic earnings per share for 2024 was ¥0.25, a substantial increase of 516.67% from a loss of ¥0.06 in 2023[18]. - The company reported a net cash flow from operating activities of ¥136,452,462.24, a slight increase of 1.20% from ¥134,840,036.10 in 2023[18]. - Total assets at the end of 2024 were ¥1,111,029,730.93, a decrease of 7.66% from ¥1,203,154,221.88 at the end of 2023[18]. - The company achieved a significant increase in its weighted average return on equity, reaching 7.02% in 2024, compared to -1.64% in 2023[18]. - The company achieved a total operating revenue of ¥583,054,725.20 in 2024, representing a 22.00% increase compared to ¥477,930,881.67 in 2023[58]. - Revenue from touch display materials was ¥570,204,930.37, accounting for 97.80% of total revenue, with a year-on-year growth of 21.01%[59]. Dividend Distribution - The company plans to distribute a cash dividend of 2 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[4]. - The total distributable profit for the company is 253,958,164.03 CNY, with the cash dividend amount representing 100% of the profit distribution[134]. - The company has a cash dividend policy, distributing 1 RMB per 10 shares (including tax) to shareholders, with a total of 266,691,217 shares eligible for the dividend after accounting for repurchased shares[133]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[4]. - The report includes a detailed section on potential risks faced by the company in its operations[4]. - The company faces risks related to changes in the downstream market environment, particularly in the consumer electronics sector, which could adversely affect sales revenue[98]. - The price of ITO conductive films has been declining during the reporting period due to increased competition, which may impact the company's profitability if it cannot manage cost pressures effectively[98]. - The company has established long-term supply agreements with major suppliers for key raw materials, but remains exposed to risks associated with supplier concentration[98]. - The company faces risks related to supply chain stability and raw material price fluctuations, particularly if trade relations with major importing countries deteriorate unexpectedly[99]. Research and Development - The company is focusing on R&D in the touch display application materials industry, with a diversified product structure including conductive films and optical films[28]. - The company has a core competitive advantage in technology and innovation, which aligns with the national "14th Five-Year Plan" for new materials development[28]. - The company has established four major technology platforms for dimming materials, including PDLC, SPD, EC, and LC[34]. - The company has established a strong R&D and production team, enhancing its technical capabilities in precision coating, vacuum sputtering, and process optimization, leading to a diversified product structure[53]. - The company aims to enhance its R&D capabilities to drive innovation in product development[121]. - The company is committed to sustainability initiatives as part of its long-term strategic goals[122]. Market Position and Strategy - The company has seen a significant increase in its weighted average return on equity, reaching 7.02% in 2024, compared to -1.64% in 2023[18]. - The company achieved a global market share of 52% for ITO conductive films, as reported by Fuji Chimera Research Institute for 2024[29]. - The company is focusing on expanding the application fields of its products, which is expected to increase sales and profit margins significantly[73]. - The company aims to enhance its market position as a leading domestic flexible optical conductive materials enterprise[160]. - The company plans to expand its market presence and enhance product offerings in the upcoming fiscal year[115]. Corporate Governance - The company maintains a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and effectively balancing the roles of the board and management[105]. - The company has established a comprehensive intellectual property protection system and signed confidentiality agreements with key personnel to mitigate the risk of core technology leakage[100]. - The company has a clear risk management strategy to address potential impacts from exchange rate fluctuations, particularly for materials settled in foreign currencies[100]. - The company operates independently from its controlling shareholders in terms of business, assets, personnel, finance, and organization, ensuring complete operational autonomy[108]. - The company has established a complete and independent procurement, production, sales, and R&D system, without reliance on controlling shareholders or related parties[108]. Environmental Compliance - Zhejiang Rijiu New Materials Technology Co., Ltd. has implemented environmental protection measures with a total investment of approximately 1.983972 million yuan in 2024 for pollution control facilities[149]. - The company has achieved compliance with the "Industrial Coating Process Air Pollutant Emission Standards" and "Boiler Air Pollutant Emission Standards" through third-party monitoring[147]. - The company has undergone ISO 14001 certification, demonstrating its commitment to environmental management[144]. - The environmental management system of Zhejiang Rijiu New Materials Technology Co., Ltd. continues to operate effectively in 2024, meeting sustainability requirements[152]. Employee Management - The total number of employees at the end of the reporting period is 493, with 225 in the parent company and 268 in major subsidiaries[130]. - The company has implemented a comprehensive training program, including onboarding, project training, and external training for specialized equipment[132]. - The company has established a fair and competitive salary policy, resulting in high employee satisfaction[131]. - The company has a strategic plan for employee training and development, aligning with operational needs and market demands[132]. Shareholder Relations - The company emphasizes the protection of investor rights by adhering to relevant laws and regulations, ensuring accurate and timely information disclosure[153]. - The company actively engages with stakeholders, including investors, through various communication channels to maintain transparency and foster relationships[106]. - The company will disclose any share reduction plans to the stock exchange 15 trading days prior to selling shares[158]. Financial Management - The company has established a profit distribution mechanism to strengthen investor returns, with a clear plan for shareholder dividends over the next three years[160]. - The company will ensure strict compliance with fundraising management regulations to guarantee effective utilization of raised funds[160]. - The company has committed to not engage in any actions that would infringe on its interests, including not transferring benefits to other entities unfairly[161].