Dividend and Capital Increase - The company plans to distribute a cash dividend of 2.5 RMB per 10 shares to all shareholders, based on a total of 57,681,334 shares[3]. - The company will also increase capital by issuing 4 additional shares for every 10 shares held, using capital reserves[3]. - The company plans to distribute cash dividends of RMB 2.50 per 10 shares, totaling RMB 14,420,333.50, which represents 100% of the profit distribution[170]. - The company will increase its share capital by 4 shares for every 10 shares held, resulting in a total increase of 23,072,534 shares, raising the total share capital to 80,753,868 shares[171]. Financial Performance - The company's operating revenue for 2024 reached ¥656,139,156.84, representing a 51.10% increase compared to ¥434,247,693.42 in 2023[18]. - The net profit attributable to shareholders for 2024 was ¥52,455,918.06, a decrease of 3.88% from ¥54,575,068.70 in 2023[18]. - The net profit after deducting non-recurring gains and losses for 2024 was ¥50,385,105.50, down 6.25% from ¥53,741,939.68 in 2023[18]. - The net cash flow from operating activities for 2024 was ¥43,076,511.20, a significant decline of 64.15% from ¥120,141,041.40 in 2023[18]. - The total assets at the end of 2024 amounted to ¥1,520,592,679.96, reflecting a 26.90% increase from ¥1,198,239,435.71 at the end of 2023[18]. - The company achieved a revenue of 656 million yuan in 2024, representing a year-on-year growth of 51.10%[45]. - The company's total revenue for 2024 reached ¥656,139,156.84, representing a 51.10% increase compared to ¥434,247,693.42 in 2023[54]. - Revenue from the electronic components and specialized materials manufacturing industry accounted for ¥650,512,474.65, which is 99.14% of total revenue, showing a 50.82% increase from the previous year[54]. - Domestic revenue reached ¥614,376,189.67, a 62.47% increase from ¥378,137,289.75 in 2023, while overseas revenue decreased by 25.57%[54]. Market and Industry Outlook - The global smartphone shipment in 2024 is projected to reach 1.223 billion units, a year-on-year growth of 7.1%[28]. - The global wearable audio device shipment is expected to reach 455 million units in 2024, marking an 11.2% increase[29]. - The production and sales of new energy vehicles in China for 2024 are expected to grow by 34.4% and 35.5%, respectively, reaching 12.888 million units[30]. - The cumulative installed capacity of power batteries in China is projected to reach 548.4 GWh in 2024, reflecting a year-on-year growth of 41.5%[31]. - The global cold plate liquid cooling market is projected to grow from 5.3 billion yuan in 2024 to 105.6 billion yuan by 2028, with a compound annual growth rate (CAGR) of 111.27%[32]. - The Chinese cold plate liquid cooling market is expected to expand from 1.1 billion yuan in 2024 to 25.3 billion yuan by 2028, with a CAGR of 118.99%[32]. - The Chinese energy storage temperature control market is forecasted to grow from 2.403 billion yuan in 2023 to 7.452 billion yuan by 2027, with a CAGR of 32.70%[33]. Research and Development - R&D investment increased significantly, with a 56.42% rise compared to the previous year, and the number of R&D personnel grew by 72.97%[49]. - The company obtained 15 new invention patents during the reporting period, including 1 U.S. patent, bringing the total to 118 patents[49]. - The company is developing low-viscosity high-thermal-conductivity organic silicone potting glue, aiming to enhance market share in automotive-grade applications[66]. - The company is developing high-performance thermal interface materials and high-strength epoxy potting compounds to enhance product offerings and market competitiveness[68]. - The company aims to achieve mass production of new products, including high-adhesion coatings and low-volatile thermal silicone pads, to meet market demands[68]. - The company is committed to continuous product innovation and long-term collaboration with leading industry clients to drive sustainable business growth[38]. Governance and Management - The company has established a robust internal governance structure, including a shareholders' meeting, board of directors, and supervisory board, all operating independently[121]. - The company’s management team is composed of individuals who do not hold positions in the controlling shareholders' enterprises, ensuring operational independence[118]. - The company has a complete R&D, procurement, production, and sales system, maintaining independence in all business operations without competition or unfair related transactions with controlling shareholders[122]. - The company has established specialized committees to enhance governance and operational efficiency, with regular meetings held[154]. - The company emphasizes lean management to enhance operational efficiency and service levels for key customers[98]. Risk Management - The report emphasizes the importance of risk awareness regarding future plans and performance forecasts, indicating no commitments to investors[3]. - The company faces risks related to market competition, particularly in new product innovation and application scenarios[99]. - The company is addressing potential risks from raw material price fluctuations, which significantly impact its cost structure[102]. - The company is expanding its overseas operations, particularly in Vietnam, which presents unique operational risks[101]. Social Responsibility and Community Engagement - The company actively practices social responsibility, aiming to create more value for society[182]. - The company donated 10,000 yuan to the Dongguan Qishi Charity Foundation to support local education development[187]. - The company also donated 10,000 yuan to the Dongguan Qishi Town Qinghu Cooperative Economic Union to assist local elderly people in need[187]. - The company has established a "Happiness Siquan Love Fund" to support employees and their families, providing a special scholarship of 1,800 yuan for employees' children[185]. Shareholder Engagement and Transparency - The company ensures that cash flow remains sufficient for normal operations after cash dividends are distributed[163]. - The company will communicate with shareholders, especially minority shareholders, to gather feedback on the profit distribution plan[167]. - The company strictly adheres to information disclosure regulations, ensuring transparency and fairness for all investors[114]. - The company is committed to timely and accurate information disclosure to protect shareholder interests, adhering to legal and regulatory requirements[183]. Employee Management and Development - The total number of employees at the end of the reporting period is 940, with 546 in the parent company and 394 in major subsidiaries[157]. - The company has established a performance appraisal system that supports operational development and talent growth, ensuring a performance-oriented culture[158]. - The training system is designed to enhance comprehensive talent capabilities, focusing on management and technical dual pathways[159]. Financial Management and Control - The company has established a comprehensive internal control system to ensure effective governance and compliance, with no significant internal control deficiencies reported[173]. - The internal control audit report indicates that the company maintained effective financial reporting controls as of December 31, 2024[178]. - The company reported a financial expense reduction of 46.12%, with a net financial expense of -¥2,871,239.76, indicating improved financial management[65].
思泉新材(301489) - 2024 Q4 - 年度财报