Financial Performance - The company's operating revenue for 2024 reached ¥854,725,052.02, representing an increase of 11.14% compared to ¥769,042,698.33 in 2023[19]. - Net profit attributable to shareholders was ¥52,832,966.21 in 2024, a significant turnaround from a loss of ¥29,664,846.73 in 2023, marking a 278.10% increase[19]. - The net cash flow from operating activities improved to ¥156,166,086.13, up 142.69% from ¥64,349,068.13 in the previous year[19]. - Basic earnings per share rose to ¥0.3079, compared to a loss of ¥0.1729 in 2023, reflecting a 278.08% increase[19]. - Total assets at the end of 2024 were ¥1,972,901,812.06, a 7.16% increase from ¥1,841,015,454.80 in 2023[19]. - The company reported a weighted average return on equity of 6.09% for 2024, recovering from -3.47% in 2023[19]. Dividend and Capital Management - The company plans to distribute a cash dividend of 0.92 RMB per 10 shares to all shareholders, based on a total of 171,600,000 shares[4]. - The company will increase its capital reserve by converting 3 shares for every 10 shares held by shareholders[4]. - The cash dividend represents 100% of the total profit distribution amount, with the distributable profit amounting to 246,811,608.49 yuan[177]. - The company emphasizes cash dividends as a priority, with a minimum of 10% of the distributable profit to be distributed in cash if conditions are met[175]. - The company has no plans for stock dividends this year, focusing solely on cash distribution[179]. Strategic Focus and Market Position - The company is focused on expanding its market presence and enhancing its technological capabilities[4]. - The company aims to align its business strategy with national policies and government funding directions to optimize its business layout[29]. - The company has identified a clear growth space in the water conservancy industry, driven by ongoing government support and investment in infrastructure projects[29]. - The company aims to enhance its market share by establishing branch offices, focusing on the Greater Bay Area, and expanding nationwide[32]. - The company is one of the 10 major players in the water conservancy engineering sector in China, holding multiple top-level qualifications, including comprehensive Class A qualifications in engineering design and consulting[31]. Technological Development and Innovation - The company is involved in the development of digital twin technology and sponge city initiatives[12]. - The company is a national high-tech enterprise, focusing on integrating new technologies like BIM and big data into water management services, aiming to provide comprehensive solutions for urban water issues[41]. - The company has completed several key technology innovations, including the development of water ecological restoration technologies and separation membrane technologies, enhancing product functionality and competitiveness[74]. - The company plans to deepen research and promote technological upgrades in water engineering technology and smart water products, contributing to urban infrastructure development[42]. Governance and Compliance - The company emphasizes the importance of shareholder and creditor rights, achieving its annual operational goals and improving the recovery of long-term accounts receivable[188]. - The company has established a clear strategy for market expansion, targeting both domestic and international markets to enhance its competitive position[103]. - The company has maintained a complete business system and independent operational capability, ensuring no asset or fund occupation by the controlling shareholder[118]. - The company has established various specialized committees under the board of directors, ensuring effective governance and management[122]. Environmental and Social Responsibility - The company has a commitment to environmental and social responsibility as part of its operational strategy[5]. - The company actively engaged in environmental protection, winning the first prize in the 2024 Environmental Protection Science and Technology Award for a project on new pollutant screening and control[191]. - The company is involved in environmental protection initiatives, participating in wetland protection and ecological restoration projects, earning a certificate from the Mangrove Public Welfare Fund[192]. - The company is committed to sustainable development, exploring green production methods and digital transformation in its operations[191]. Human Resources and Talent Development - The company emphasizes talent development, with 299 personnel holding master's degrees or above, ensuring high-quality design and technical services[56]. - The company plans to build a tiered training platform to develop a diverse talent pool in 2024[171]. - The total number of employees at the end of the reporting period was 1,169, including 987 at the parent company and 182 at major subsidiaries[169]. - The professional composition included 839 production personnel, 49 sales personnel, 152 technical personnel, 42 financial personnel, and 87 administrative personnel[169]. Risk Management - The company faces market risks related to macroeconomic fluctuations and regional investment changes, which could impact revenue growth[104]. - Financial risks include the potential for bad debt losses and cash flow issues due to the seasonal nature of engineering projects[105]. - The company is focused on optimizing its governance structure and ensuring compliance with legal regulations to protect shareholder interests[110]. Audit and Internal Control - The internal control system is in place and has been evaluated, with no major deficiencies reported during the period[180]. - The company maintained effective internal controls related to financial statements as of December 31, 2024, according to the internal control audit report[184]. - There were no significant defects identified in both financial and non-financial reports, with zero instances of major or important defects reported[184].
深水规院(301038) - 2024 Q4 - 年度财报