IBS(603183)2025-04-15 11:05Financial Performance - In 2024, the company achieved operating revenue of 907.51 million RMB, a year-on-year increase of 1.71%[23]. - The net profit attributable to shareholders was 60.29 million RMB, a decrease of 46.23% compared to the previous year[23]. - The basic earnings per share decreased by 45.45% to 0.12 RMB per share in 2024[24]. - The weighted average return on equity fell to 3.78%, down 3.58 percentage points from the previous year[24]. - The net cash flow from operating activities increased by 41.19% to 106.92 million RMB[23]. - Total assets at the end of 2024 were 2.29 billion RMB, reflecting a 7.06% increase from the previous year[23]. - The company reported a quarterly revenue of 331.50 million RMB in Q4 2024, the highest among the quarters[26]. - Non-recurring gains and losses for 2024 totaled -3.40 million RMB, indicating a significant impact on net profit[27]. - The company reported a total of 37,055,723 shares held by the chairman and CEO, with no change during the reporting period[82]. - The company’s financial director increased her holdings by 22,000 shares, bringing her total to 1,009,676 shares[82]. - The total remuneration for the chairman and CEO during the reporting period was 153.23 million yuan[82]. - The total remuneration for the financial director during the reporting period was 52.44 million yuan[82]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to CNY 1,145.65 million[87]. Dividend Policy - The company plans to distribute a cash dividend of 0.25 CNY per 10 shares, totaling approximately 12.43 million CNY, which represents 20.61% of the net profit available for distribution to investors for the year[4]. - The company plans to distribute a cash dividend of 0.45 RMB per 10 shares, totaling approximately 22,547,121.80 RMB, which represents 20.11% of the net profit available for distribution in the year[110]. - The cash dividend policy requires that at least 20% of the distributable profit be allocated as cash dividends when conditions are met[105]. - In the last three fiscal years, the total cash dividends distributed amounted to 55,761,483.35 RMB, with a cash dividend ratio of 74.29% of the average annual net profit[113]. - The company’s cash dividend for the current year is based on a total share capital of 501,047,151 shares as of December 31, 2023[110]. - The company has established a policy to prioritize cash dividends, ensuring that cash distributions do not affect normal operational funding needs[105]. - The board of directors must consider industry characteristics and development stages when proposing cash dividend policies, with minimum cash dividend ratios set at 80% for mature companies without major capital expenditures[106]. - The company has successfully implemented the cash dividend distribution plan as approved in the annual shareholders' meeting held on May 10, 2024[109]. - The total cash dividend amount distributed in the current report period is 12,428,831.28 RMB, which is 20.61% of the net profit attributable to ordinary shareholders[112]. - The company’s cash dividend policy is designed to ensure transparency and compliance with regulations, with independent directors playing a crucial role in the decision-making process[111]. - The company will adjust its profit distribution policy based on operational conditions and long-term development needs, requiring a two-thirds majority approval from shareholders for any changes[108]. Operational Challenges - The company faces industry volatility risks due to the slowdown in domestic fixed asset investment and engineering technical service growth, which may lead to cyclical fluctuations in operating performance[9]. - The company is experiencing increased accounts receivable as sales revenue rises, with a significant portion of accounts receivable aging over three years, posing a risk of bad debts[10]. - The company faces risks including industry volatility due to economic slowdowns, increased market competition, and potential bad debts from long-term accounts receivable[76]. - The company recognizes the impact of macroeconomic conditions and policy changes on its operations, which could affect its performance[77]. Market and Industry Trends - The engineering technology service industry is experiencing a market expansion driven by urban renewal and infrastructure investment, with a focus on green and sustainable development[34]. - The industry is expected to see further differentiation, with stronger companies consolidating market resources while weaker firms face shrinking opportunities[34]. - The modernization of the construction industry is being driven by the application of energy-saving technologies, industrialized production, and information technology[35]. - The engineering technology service market is expected to see further differentiation, with stronger companies consolidating market resources while weaker firms may struggle[72]. - The company is focusing on seven research directions, including smart cities and carbon neutrality technologies, to drive industry transformation[73]. - Emerging businesses such as TIS and safety assessment and monitoring of existing buildings are experiencing rapid growth, providing a foundation for sustainable development[33]. Research and Development - The company has established three new research and innovation platforms to enhance research efficiency and operational effectiveness[33]. - Research and development expenses increased by 4.80%, reaching ¥60,997,851.80, up from ¥58,202,211.35 in the previous year[49]. - The company has over 20 authorized invention patents and more than 10 high-tech products, indicating strong innovation capabilities[43]. - The company is focusing on smart detection technology to enhance data accuracy and operational efficiency, indicating a strategic shift towards innovation[46]. - The company will invest in research and development, focusing on smart laboratory data platforms and upgraded testing equipment to improve efficiency and accuracy[74]. Governance and Compliance - The company is enhancing its governance structure in line with new regulations and standards set by the China Securities Regulatory Commission[79]. - The company held an annual general meeting on February 7, 2024, where several key reports and proposals were approved[81]. - The company plans to appoint a new independent director as part of its governance strategy[81]. - The company’s board of directors and supervisory board reports for 2023 were approved during the annual general meeting[81]. - The company has proposed a share repurchase plan, which was also approved at the annual general meeting[81]. - The independent directors have been appointed to various positions in other companies, indicating active involvement in the industry[86]. - The company has not faced any penalties from securities regulatory agencies in the past three years, indicating compliance with regulations[90]. Asset Management - Total assets increased by 7.06% to CNY 2,285,419,823.09 as of December 31, 2024, compared to CNY 2,134,688,361.32 in 2023[149]. - Total liabilities rose by 20.33% to CNY 594,984,795.04 from CNY 494,480,619.97[149]. - Net assets attributable to shareholders increased by 1.61% to CNY 1,604,030,035.89 from CNY 1,578,645,862.88[150]. - The asset-liability ratio increased by 2.87 percentage points to 26.03% from 23.16%[150]. - The company’s fixed assets increased by 4.91% to ¥511,857,848.16, while intangible assets rose significantly by 79.59% to ¥66,702,518.14[64]. - The company’s goodwill increased by 7.00%, amounting to ¥343,485,999.17[64]. Employee and Workforce Management - The company employed a total of 1,846 staff, with 1,814 in major subsidiaries and 32 in the parent company[99]. - The workforce includes 1,082 production personnel, 133 sales personnel, 389 technical personnel, 32 financial personnel, and 210 administrative personnel[99]. - The company has a total of 143 employees with a graduate degree, 1,123 with a bachelor's degree, 440 with a diploma, and 140 with a high school education or below[100]. - The company has established a training system that includes pre-job training, internal training, and external training to enhance employee skills[102]. - The company’s compensation policy is designed to align with its development, including basic and performance-based wages[101]. Environmental Responsibility - The company invested ¥795,000 in environmental protection during the reporting period[121]. - The company’s hazardous waste management strictly adhered to "full lifecycle" management and compliance requirements[121]. - The company’s pollution control facilities operated well, with pollutant emissions meeting standards[121]. - The company conducted emergency response drills for environmental incidents as per the established plan[121]. - The company has implemented carbon reduction measures, focusing on reducing energy consumption and optimizing production processes[125].