ZHEJIANG DINGLI(603338)2025-04-17 09:40Financial Performance - The company's operating revenue for 2024 reached RMB 7,798,913,979.04, representing a 23.56% increase compared to RMB 6,311,963,849.93 in 2023[23]. - Net profit attributable to shareholders decreased by 12.76% to RMB 1,628,805,154.01 from RMB 1,867,145,468.85 in the previous year[23]. - The net cash flow from operating activities was RMB 1,916,547,999.11, down 13.96% from RMB 2,227,397,039.34 in 2023[23]. - The company's total assets increased by 8.07% to RMB 15,353,846,792.64 at the end of 2024, compared to RMB 14,207,301,141.89 at the end of 2023[23]. - The net assets attributable to shareholders rose by 11.94% to RMB 10,035,295,812.29 from RMB 8,965,233,890.65 in 2023[23]. - Basic earnings per share decreased to RMB 3.22, down 12.74% from RMB 3.69 in 2023[24]. - The weighted average return on net assets was 17.21%, a decrease of 6.15 percentage points from 23.36% in the previous year[24]. Revenue and Market Performance - The company reported quarterly revenues of RMB 1,451,856,439.94 in Q1, RMB 2,407,598,672.83 in Q2, RMB 2,274,331,111.38 in Q3, and RMB 1,665,127,754.89 in Q4[26]. - The overseas market's main business revenue was 5,522.92 million RMB, up 43.83% year-on-year[32]. - Sales revenue from the arm series products increased by 20.84%, accounting for 41.21% of the main business revenue[33]. - The company achieved operating revenue of 779,891,400 yuan, representing a year-on-year growth of 23.56%[78]. - The company has expanded its international market presence, exporting products to over 100 countries and regions, and has strengthened partnerships with large overseas rental companies[73]. Research and Development - The company invested 255.92 million RMB in R&D in 2024, representing a 16.32% increase compared to the previous year[35]. - The number of R&D personnel is 349, accounting for 13.79% of the total workforce[93]. - The total R&D investment amounted to 255,918,596.38 yuan, representing 3.28% of the operating income[93]. - The company has developed a full range of electric arm-type products, with working heights covering 16-44 meters and load capacities ranging from 230-450 kg[69]. - The company will continue to focus on R&D innovation with an emphasis on green, electric, and modular technologies, aiming to shorten R&D cycles and enhance core competitiveness[115]. Sustainability and Environmental Initiatives - The company aims to increase renewable energy generation by 47.15% in 2024 as part of its ESG strategy focused on sustainable development[38]. - The company has installed a solar photovoltaic system expected to generate 16,836.64 MWh in 2024, reducing approximately 8,675.92 tons of CO2 emissions[176]. - The company has committed to a charitable contribution of 976,300 RMB during the reporting period, supporting education and local community initiatives[178]. - The company has implemented a green supply chain management system, with 100% of new suppliers signing contracts that include environmental and labor clauses[174]. - The company is focused on sustainable development through initiatives in green manufacturing and low-carbon practices[173]. Corporate Governance and Compliance - The company has a supervisory board consisting of 3 members, including 1 employee supervisor, complying with legal requirements[128]. - The company emphasizes transparency and timely information disclosure, utilizing designated platforms such as Shanghai Securities News and the Shanghai Stock Exchange website[128]. - The company has established a legal framework for commitments made by its controlling shareholder, ensuring accountability for any violations[182]. - The company has committed to ensuring that its IPO prospectus does not contain any false statements or omissions, and will assume legal responsibility for its accuracy and completeness[181]. - The company has not faced any penalties from securities regulatory authorities in the past three years[137]. Shareholder and Management Information - The total remuneration for directors and senior management during the reporting period amounted to 595.65 million yuan[130]. - The company distributed a cash dividend of 1.00 RMB per share, totaling 506,347,879 RMB (including tax), which represents 31.09% of the net profit attributable to ordinary shareholders in the consolidated financial statements[156]. - The cumulative cash dividend amount over the last three accounting years is 1,265,869,697.50 RMB, with an average cash dividend payout ratio of 79.90%[157]. - The company has established a salary policy that links employee compensation to company performance and individual performance, ensuring a fair and transparent distribution system[148]. - The company has a long-term commitment to avoid any business competition with its controlling shareholder and related parties[182]. Risk Management - The company faces risks from anti-dumping investigations in the US and EU, which may impact market expansion and profitability, and is taking measures to mitigate these risks[120]. - The company is addressing potential risks from currency fluctuations by engaging in forward foreign exchange transactions to protect its financial status[121]. - The company is strengthening accounts receivable management to minimize the risk of bad debts as its overseas sales scale expands[123]. - The company is implementing cost control measures and optimizing its supply chain to mitigate the impact of rising raw material prices[122]. - The company has not faced any delisting risks or bankruptcy restructuring matters during the reporting period[192].