SQTEG(SH:603339)2025-04-16 08:55Financial Performance - The company's operating revenue for 2024 was CNY 1,862,980,152.13, a decrease of 16.41% compared to CNY 2,228,627,251.17 in 2023[23] - The net profit attributable to shareholders for 2024 was CNY 237,146,063.46, down 28.91% from CNY 333,596,919.27 in 2023[23] - The cash flow from operating activities showed a significant decline, with a net outflow of CNY 80,858,471.67 compared to a net inflow of CNY 571,098,123.84 in 2023, representing a decrease of 114.16%[23] - The total assets at the end of 2024 were CNY 3,321,746,084.79, a decrease of 2.45% from CNY 3,405,057,937.46 at the end of 2023[23] - The net assets attributable to shareholders increased by 3.71% to CNY 2,567,900,459.73 at the end of 2024, compared to CNY 2,475,975,473.19 at the end of 2023[23] - Basic earnings per share for 2024 were CNY 0.77, down 28.70% from CNY 1.08 in 2023[24] - The weighted average return on equity decreased to 9.40% in 2024 from 14.25% in 2023, a reduction of 4.85 percentage points[24] - The company reported a decrease in net profit after deducting non-recurring gains and losses, which was CNY 219,206,089.08 in 2024, down 28.52% from CNY 306,672,907.59 in 2023[23] Revenue and Sales - The company's total revenue for the first quarter was approximately ¥444.54 million, with a peak in the second quarter at ¥563.33 million, followed by ¥430.28 million in the third quarter and ¥424.83 million in the fourth quarter[26] - Net profit attributable to shareholders for the second quarter reached ¥81.05 million, while the first quarter was ¥51.80 million, and the fourth quarter was ¥52.67 million[26] - The company achieved operating revenue of CNY 1,862,980,152.13, a decrease of 16.41% compared to the previous year[61] - The main business revenue decreased by 15.92% to CNY 1,811,628,383.90, while the main business cost decreased by 15.51% to CNY 1,373,144,726.81[64] Research and Development - The company has developed a new linear tunnel baking machine and a new type of fluidized device, marking breakthroughs in the frying and rice application fields[35] - The company is conducting research on environmentally friendly refrigerants and has developed a CO2 cascade refrigeration system, achieving orders for NH3/CO2 and R507A/CO2 systems[35] - The company is accelerating the research and development of liquid cooling V-type dry coolers to meet the growing demand for computing power, with related patents obtained[35] - The company added 42 new intellectual property rights, including 19 invention patents and 23 utility model patents, bringing the total to 387 valid intellectual property rights by the end of the reporting period[37] - The company’s research and development expenses were CNY 81,288,282.08, down 14.24% from the previous year[64] Market Expansion and Strategy - The company is focusing on enhancing its brand recognition in the food cold storage and freezing industry through the establishment of dedicated project teams[33] - The company is actively expanding its market presence in cold chain logistics, with a focus on high-capacity spiral freezing equipment and cold storage insulation boards[43] - The company is preparing for international expansion in cold chain logistics, supported by government initiatives and the "Belt and Road" initiative[44] - The company aims to expand its domestic and international market presence, focusing on optimizing customer structure and increasing sales in regions such as Japan, Europe, India, the Middle East, and Southeast Asia[86] Corporate Governance - The company held 2 shareholder meetings during the reporting period, passing 25 resolutions[93] - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[93] - The company has established four specialized committees under the board to ensure efficient operation and scientific decision-making[94] - The supervisory board comprises 3 members, including 1 employee representative, fulfilling its supervisory functions diligently[94] - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and business operations[95] Environmental and Social Responsibility - The company invested 3.22 million yuan in environmental protection during the reporting period[133] - The company has a wastewater treatment capacity of 100,000 m³/a and employs advanced treatment processes for wastewater[134] - The company reduced carbon emissions by 1,431 tons through the installation of rooftop solar panels and other energy-saving measures[142] - Total charitable contributions amounted to 222,700 yuan, benefiting 550 individuals[143] - The company allocated 100,000 yuan for rural revitalization projects, specifically for road lighting repairs in Sanmiao Village[145] Financial Management and Audit - The company has a risk control system in place, continuously improving internal control measures[95] - The company’s financial statements were audited and deemed to fairly reflect its financial position as of December 31, 2024[183] - The company has appointed Tianjian Accounting Firm (Special General Partnership) as the auditor for the fiscal year 2024, with an audit fee of RMB 510,000[153] - The internal control audit will also be conducted by Tianjian Accounting Firm (Special General Partnership) for a fee of RMB 150,000[153] Shareholder Information - The top shareholder, Huang Jie, holds 124,596,915 shares, representing 40.27% of the total shares[170] - The company has repurchased 6,756,756 shares, accounting for 2.18% of the total share capital[178] - The planned share repurchase amounts to between 50 million RMB and 100 million RMB, with a target of repurchasing 1.08% to 2.15% of total shares[178] - The total number of ordinary shareholders increased from 21,768 to 25,905 during the reporting period[167]