MYS(SZ:002303)2025-04-14 10:05Dividend Distribution - The company plans to distribute a cash dividend of 1.31 RMB per 10 shares to all shareholders, based on a total of 1,531,323,685 shares[4] - The company distributed cash dividends totaling 873 million yuan (including tax) to shareholders in 2024[56] - The company has a cash dividend policy that ensures 100% of the profit distribution total is allocated to cash dividends, amounting to 200,603,402.74 CNY (including tax) for this period[195] - The company has no plans for stock dividends or capital reserve transfers, focusing solely on cash dividends for this period[195] Financial Performance - The company's operating revenue for 2024 reached ¥4,007,212,562.28, representing a 14.07% increase compared to ¥3,512,962,339.42 in 2023[6] - Net profit attributable to shareholders for 2024 was ¥281,604,315.56, a significant increase of 43.61% from ¥196,092,282.56 in 2023[6] - The basic earnings per share for 2024 was ¥0.1839, reflecting a 43.56% increase from ¥0.1281 in 2023[6] - The company's total revenue for 2024 reached approximately ¥4.01 billion, representing a year-on-year increase of 14.07% from ¥3.51 billion in 2023[69] - The net profit attributable to shareholders of the listed company was 281.60 million yuan, representing a year-on-year growth of 43.61%[47] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 297.96 million yuan, reflecting a 24.25% increase year-on-year[134] Assets and Liabilities - The company's total assets decreased by 7.74% to ¥7,141,004,339.32 at the end of 2024, down from ¥7,740,180,789.23 at the end of 2023[6] - The net assets attributable to shareholders decreased by 11.58% to ¥4,493,166,457.04 at the end of 2024, compared to ¥5,081,875,641.05 at the end of 2023[6] - The total cash and cash equivalents decreased by 163.17% to -¥402,895,148.60 in 2024, compared to an increase of ¥637,813,593.25 in 2023[85] - Cash and cash equivalents decreased to 1,479,072,188.27, representing 20.71% of total assets, down by 6.53% compared to the beginning of the year due to profit distribution[88] Operating Costs - Operating costs for 2024 were 2,937.55 million yuan, up 11.84% year-on-year[134] - The direct material cost for the paper products industry reached ¥1,383,921,800, representing 74.43% of operating costs, a 13.20% increase from ¥1,222,551,710 in 2023[73] - Direct labor costs increased by 5.74% to ¥224,068,277, accounting for 12.05% of operating costs in 2024, compared to 12.89% in 2023[73] - Manufacturing expenses rose by 20.08% to ¥251,280,388, making up 13.51% of operating costs in 2024, up from 12.73% in 2023[73] Research and Development - The company has accumulated and expanded its client base in the food and beverage sector, including major brands like Luzhou Laojiao and Yihai Kerry[40] - The company has a total of 815 national patents, including 158 invention patents, and is a key contributor to 45 national/industry packaging standards[52] - R&D investment amounted to ¥139,791,005.89 in 2024, reflecting a 5.28% increase from ¥132,782,759.91 in 2023[82] - The company has a total of 12 board members, including independent directors and supervisors, with varying roles and responsibilities[176] Market Position and Strategy - The company operates in a market where sustainable packaging demand is increasing due to global regulations on plastic use[30] - The company has established long-term partnerships with leading global firms in the consumer electronics sector, enhancing its competitive advantage in packaging solutions[39] - The company is positioned to benefit from the rapid growth of the new energy vehicle industry, providing packaging services to leading enterprises in this sector[42] - The company aims to enhance its competitive advantages in domestic and international markets, focusing on sustainable profitability and industry leadership[104] Governance and Compliance - The company has established a comprehensive governance framework that aligns with regulatory requirements, ensuring effective oversight and management[142] - The company has established a performance evaluation and incentive mechanism for directors, supervisors, and senior management, ensuring transparency and compliance with relevant laws and regulations[148] - The company emphasizes communication with stakeholders, ensuring the protection of their legitimate rights and interests[149] - The company is committed to transparency and accountability in its financial reporting and governance practices[182] Employee Management - The total number of employees at the end of the reporting period is 4,236, with 512 in the parent company and 3,724 in major subsidiaries[186] - The company provides competitive salaries and annual raises based on performance evaluations[187] - The company emphasizes employee training, offering a comprehensive training program for new graduates and ongoing development for existing employees[191] - The company has a strong leadership team with diverse backgrounds, including Wang Zhijun, who has extensive experience in management and environmental packaging technology[164] Investor Relations - The company conducted 9 investor engagement activities in 2024, significantly increasing from 2023[137] - A total of 81 announcements were disclosed in 2024, ensuring timely and accurate communication with investors[136] - The company engaged in various investor communication activities, including online platforms and in-person meetings, to discuss future development plans[131] - The company has a dedicated board secretary responsible for information disclosure and investor relations management, enhancing transparency and communication with investors[151]