Haoyue Care(SH:605009)2025-04-14 11:05Financial Performance - The company's operating revenue for 2024 reached ¥2,929,287,418.94, representing a 6.25% increase compared to ¥2,756,907,840.21 in 2023[24]. - The net profit attributable to shareholders for 2024 was ¥387,511,489.13, a decrease of 11.65% from ¥438,598,919.71 in 2023[24]. - The net cash flow from operating activities decreased by 25.52% to ¥584,265,914.51 in 2024, down from ¥784,437,117.48 in 2023[25]. - The total assets of the company as of the end of 2024 were ¥4,851,759,098.61, an increase of 4.41% from ¥4,646,744,348.48 at the end of 2023[25]. - Basic earnings per share for 2024 decreased by 11.62% to CNY 2.51 compared to CNY 2.84 in 2023[26]. - The weighted average return on equity fell by 2.28 percentage points to 11.65% in 2024 from 13.93% in 2023[26]. Dividend Distribution - The company plans to distribute a total cash dividend of ¥260,240,306.10 for 2024, which accounts for 67.16% of the net profit attributable to shareholders[7]. - The company intends to distribute a cash dividend of ¥8.5 per 10 shares for the 2024 fiscal year[6]. Research and Development - The company holds a total of 181 patents, including 16 invention patents, 141 utility model patents, and 24 design patents, reflecting its commitment to R&D innovation[36]. - Total R&D investment for the year reached 107.20 million yuan, accounting for 3.66% of operating revenue, with a year-on-year increase of 2.29%[107][110]. - Research and development expenses rose by 2.29%, reflecting the company's commitment to innovation[89]. Market Expansion and Product Development - The company launched differentiated products such as easy-change menstrual pants and disposable underwear, which received positive consumer feedback[35]. - The company launched the new self-owned brand "Sen's Story" for female care products, receiving positive market feedback[37]. - The company is expanding its production bases in Hubei and Hefei to meet new product development and sales channel needs[39]. - The company is deepening its presence in the Thai market, utilizing platforms like TikTok and Shopee for marketing[38]. - The company plans to invest RMB 266 million to acquire land and production facilities in Nantong, enhancing its production capacity and logistics efficiency[130]. Operational Efficiency - The company implemented lean production management, utilizing digital software to improve operational efficiency and reduce costs[86]. - The company has integrated advanced technologies such as 5G, AI, and industrial IoT to create a fully digitalized operation management system[131]. - The company emphasizes lean production management to improve efficiency and product quality while reducing waste[124]. Risk Management and Compliance - The company has outlined potential risks in its future development plans, which investors should consider[8]. - The company has established a robust internal control management system in compliance with regulations, enhancing decision-making efficiency and ensuring asset safety[175]. - The internal control evaluation report received a standard unqualified opinion, indicating effective internal control mechanisms[178]. Shareholder Engagement and Governance - The company actively engages with investors through its investor relations section on its website, promoting transparency and interaction[143]. - The company has established a transparent performance evaluation and incentive mechanism for senior management[142]. - The company has not faced any penalties from securities regulatory agencies in the past three years[155]. Market Trends - The market size of absorbent hygiene products in China reached approximately CNY 1160.4 billion in 2023, growing by 4.1% compared to 2022[40]. - The female hygiene products market size was CNY 703.4 billion, an increase of 8.2% from 2022[41]. - The adult incontinence products market size in China was approximately 13.44 billion yuan, growing by 11.1% compared to the previous year[55]. Employee Management - The company has a total of 1,759 employees, with 967 in the parent company and 792 in major subsidiaries[163]. - The company has established a comprehensive training system for employees, focusing on enhancing professional skills and management capabilities[165]. Financial Commitments - The company emphasizes a consistent, reasonable, and stable cash dividend policy to enhance shareholder returns, aligning with regulatory requirements[143]. - The total cash dividends and share repurchase amount over the last three accounting years is ¥882,197,769.40, with a cash dividend ratio of 212% based on the average annual net profit of ¥416,329,827.03[173].