顺威股份(002676) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 reached ¥2,697,206,598.45, representing an increase of 18.98% compared to ¥2,266,948,126.81 in 2023[15] - The net profit attributable to shareholders for 2024 was ¥54,155,138.45, a significant increase of 53.79% from ¥35,213,122.56 in 2023[15] - The net profit after deducting non-recurring gains and losses was ¥51,546,931.71, up by 50.98% from ¥34,142,100.88 in the previous year[15] - The basic earnings per share for 2024 was ¥0.0752, reflecting a growth of 53.78% compared to ¥0.0489 in 2023[15] - The total assets at the end of 2024 amounted to ¥3,733,640,604.19, marking a 46.02% increase from ¥2,556,983,086.81 at the end of 2023[16] - The net assets attributable to shareholders increased by 4.80% to ¥1,237,878,689.61 at the end of 2024, compared to ¥1,181,180,694.68 at the end of 2023[16] - The net cash flow from operating activities for 2024 was ¥40,004,934.26, a decrease of 31.76% from ¥58,620,447.64 in 2023[15] - The weighted average return on net assets for 2024 was 4.45%, an increase of 1.42 percentage points from 3.03% in 2023[15] Market and Production Insights - The total production of household air conditioners in China reached 20.16 million units in 2024, representing a year-on-year growth of 19.5%[25] - The automotive market in China saw production and sales of 31.28 million and 31.44 million vehicles respectively in 2024, with a year-on-year increase of 3.7% and 4.5%[26] - The export volume of household air conditioners reached 9.64 million units in 2024, marking a significant year-on-year growth of 36.1%[25] - The penetration rate of new energy vehicles in China reached 40.9% of total vehicle sales in 2024, an increase of 9.3 percentage points compared to 2023[26] Research and Development - The company has a strong R&D capability with 22 invention patents and 14 utility model patents for modified plastics as of March 31, 2025[56] - The company is committed to innovation in modified plastics, covering a range of materials including general polyolefins and engineering plastics, to meet emerging industry demands[56] - The company has established a materials R&D center with 36 valid national patents in materials, including 22 invention patents and 14 utility model patents, focusing on environmentally friendly and low-carbon modified materials[69] - The company is focusing on the development of a high-strength, high-modulus PPA material, which shows excellent mechanical properties and broad application potential[92] Environmental and Safety Management - The company has implemented a comprehensive environmental management system, conducting regular training and assessments to enhance environmental protection capabilities[193] - The company has installed 8.8 MW of photovoltaic power generation equipment, generating 7.6128 million kWh annually, significantly reducing carbon emissions and packaging costs[194] - The company has passed ISO45001 and ISO14001 certifications, demonstrating commitment to occupational health and environmental management[196] - The company has not experienced any major environmental pollution incidents in 2024[197] Corporate Governance and Management - The company maintains complete independence from its controlling shareholders in business, personnel, assets, institutions, and finance[144] - The company has a clear asset ownership structure, with no instances of asset occupation by controlling shareholders or their affiliates[145] - The company has a remuneration management system established in May 2022, which outlines the compensation structure for directors and senior management[160] - The company is actively pursuing market expansion through strategic acquisitions and new subsidiary establishments[168] Strategic Plans and Future Outlook - The company aims to solidify its position as a leader in the plastic air conditioning fan industry while aggressively developing its automotive parts business, targeting a dual-engine growth strategy[124] - The company plans to enhance its automotive parts business through independent technology development and strategic acquisitions, focusing on electronic water pumps, multi-way valves, and other new products[125] - The company anticipates continued market expansion in emerging sectors such as smart home appliances and renewable energy storage systems[124] - The company will focus on deepening collaborations with major automotive manufacturers to drive the mass production of new products in the automotive sector[128] Financial Management and Investments - The company reported a total of ¥1,064,356,313.33 in sales from its top five customers, representing 39.46% of total annual sales[89] - The company made significant investments totaling ¥507,500,000.00 during the reporting period, a dramatic increase of 5,242.11% compared to the previous year[106] - The acquisition of Junwei Technology involved an investment of ¥487,500,000.00 for a 75% stake, enhancing the company's capabilities in precision components manufacturing[107] - The company has a cash dividend policy that includes a plan for the next three years (2023-2025) to ensure clear and fair distribution to shareholders[178] Employee and Talent Management - The total number of employees at the end of the reporting period is 5,926, with 1,280 in the parent company and 4,646 in major subsidiaries[173] - The company has implemented a training program that includes an online learning platform covering 11 topics to enhance employee skills and teamwork[175] - The company has recruited 113 new graduates for 2024, strengthening its talent pool for future growth[75] Risk Management - The company faces exchange rate fluctuation risks due to its export markets primarily in Korea, Japan, Europe, and the United States, and plans to implement foreign exchange hedging to mitigate these risks[134] - The company recognizes the risk of industry cycle fluctuations affecting demand for its products and plans to leverage its R&D and manufacturing strengths to explore new business areas[137] - The company will adopt a diversified supply chain strategy to mitigate risks from increasing tariffs, while optimizing production processes to reduce costs[138]