TINCI(SZ:002709)2025-04-14 11:30Financial Performance - The company's operating revenue for 2024 is CNY 12,518,297,342.63, a decrease of 18.74% compared to CNY 15,404,639,485.24 in 2023[22]. - The net profit attributable to shareholders for 2024 is CNY 483,929,654.43, down 74.40% from CNY 1,890,621,314.16 in 2023[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is CNY 381,602,705.47, a decline of 79.08% compared to CNY 1,823,789,997.59 in 2023[22]. - The net cash flow from operating activities for 2024 is CNY 881,535,736.54, a decrease of 61.24% from CNY 2,274,216,054.11 in 2023[22]. - Basic earnings per share for 2024 is CNY 0.25, down 74.75% from CNY 0.99 in 2023[22]. - The diluted earnings per share for 2024 is CNY 0.29, a decrease of 70.41% compared to CNY 0.98 in 2023[22]. - The weighted average return on equity for 2024 is 3.66%, a decrease of 11.12 percentage points from 14.78% in 2023[22]. - Total assets at the end of 2024 amount to CNY 23,953,389,261.08, a slight decrease of 0.10% from CNY 23,976,869,911.88 at the end of 2023[22]. - The net assets attributable to shareholders at the end of 2024 are CNY 13,103,593,054.20, down 1.88% from CNY 13,354,543,856.49 at the end of 2023[22]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 1 RMB per 10 shares (including tax) to all shareholders based on the total share capital after deducting shares held in the repurchase account[6]. - The company distributed a cash dividend of 3.00 CNY per 10 shares, totaling 571 million CNY, which accounts for 30.49% of the net profit attributable to shareholders for 2023[139]. - The profit distribution plan requires board approval and must consider the opinions of independent directors and minority shareholders[185]. - The company aims for a stable and continuous profit distribution policy, with cash dividends being the primary method of distribution[189]. - The company reported a net profit available for distribution to shareholders of RMB 3,572,465,647.03, with a cash dividend distribution plan of RMB 190,572,481.70, representing 100% of the profit distribution total[194]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans, which do not constitute profit forecasts or commitments to investors[6]. - The company has established a risk management system for its hedging activities to mitigate various risks, including price volatility and operational risks[104]. - The company adheres to the disclosure requirements related to the chemical industry as stipulated by the Shenzhen Stock Exchange[6]. - The financial report has been confirmed as true, accurate, and complete by the company's responsible persons, including the chairman and accounting head[5]. - The company has received environmental impact assessment approvals for multiple projects, including an annual production of 100,000 tons of calcium chloride and 80,000 tons of lithium battery additive materials[49]. Research and Development - The company is investing 100 million yuan in R&D for new technologies aimed at enhancing product efficiency[5]. - The company has applied for 23 patents related to lithium-ion battery electrolytes, indicating a robust intellectual property strategy[43]. - R&D investment increased by 3.51% to approximately ¥668.21 million in 2024, representing 5.34% of total revenue, up from 4.19% in 2023[86]. - The number of R&D personnel rose by 28.34% to 702 in 2024, with the proportion of R&D staff in the company increasing by 2.80 percentage points[85]. - The company is committed to developing new lithium salts and additives, leveraging its molecular design capabilities to create proprietary products[130]. Market and Product Development - The company reported a total sales volume of 913,213.61 tons in 2024, representing a year-over-year increase of 25.78% compared to 726,028.02 tons in 2023[75]. - The lithium-ion battery materials segment generated ¥10,974,225,487.87, accounting for 87.67% of total revenue, but saw a decline of 22.19% compared to the previous year[69]. - The daily chemical materials and specialty chemicals segment reported revenue of ¥1,160,567,349.33, a year-on-year increase of 14.14%[69]. - The company is focusing on sodium-ion battery electrolyte development to meet production demands and enhance overall technical capabilities[83]. - The company aims to enhance its supply chain management by implementing a digital upgrade of the SRM system, ensuring compliance with EU battery regulations, and promoting responsible mineral management practices[131]. Corporate Governance - All board members attended the meeting to review the annual report, ensuring comprehensive oversight of the financial disclosures[5]. - The board of directors convened 12 meetings, with all directors fulfilling their responsibilities and duties[144]. - The company has established a comprehensive independent asset structure, including land use rights, real estate, machinery, patents, and proprietary technologies, with clear ownership rights[154]. - The company operates independently from its controlling shareholders in terms of business, personnel, assets, organization, and finance, ensuring complete operational autonomy[153]. - The company has not reported any related party transactions that could compromise its financial interests[155]. Strategic Initiatives - The company is actively expanding its overseas production capacity, with a focus on integrating resources in Africa for lithium mining[64]. - The company is committed to optimizing its operational efficiency through continuous investment and innovation in the lithium-ion battery materials sector[124]. - The company has established several new subsidiaries, including Shanghai Tianci High-tech New Materials Technology Co., with no significant impact on overall operations[120]. - The company is considering strategic acquisitions to bolster its product portfolio, with a budget of 300 million yuan allocated for potential deals[7]. - The company has initiated a "Quality and Return Improvement" action plan to enhance internal controls and shareholder returns, as announced on February 6, 2024[138].