三达膜(688101) - 2024 Q4 - 年度财报

Financial Performance - The net profit attributable to ordinary shareholders for the year 2024 is RMB 314,813,994.75, with retained earnings at RMB 917,711,612.76[6]. - The company plans not to distribute cash dividends, issue bonus shares, or convert reserves into share capital for the 2024 fiscal year, opting to carry forward retained earnings to the next year[6]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a 15% year-over-year growth[16]. - The company's operating revenue for 2024 was CNY 1,390,872,668.57, a decrease of 4.11% compared to CNY 1,450,529,200.84 in 2023[23]. - Net profit attributable to shareholders for 2024 reached CNY 314,813,994.75, representing a 23.97% increase from CNY 253,940,586.64 in 2023[23]. - The net profit after deducting non-recurring gains and losses was CNY 280,110,710.78, up 21.13% from CNY 231,256,986.44 in 2023[23]. - The company's total assets increased by 10.53% to CNY 6,121,583,989.79 at the end of 2024, compared to CNY 5,538,253,296.44 at the end of 2023[23]. - Basic earnings per share for 2024 were CNY 0.95, a 25.00% increase from CNY 0.76 in 2023[24]. - The net cash flow from operating activities for 2024 was CNY 171,905,993.96, a decrease of 29.72% from CNY 244,615,864.64 in 2023[23]. - The company reported a net profit of CNY 102,346,300.61 in Q4 2024, with total revenue of CNY 349,169,304.60 for the same quarter[28]. Operational Strategies - The company has detailed various operational risks and corresponding mitigation strategies in the report[4]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share within the next two years[16]. - A strategic acquisition of a local competitor is in progress, which is anticipated to increase production capacity by 40%[16]. - The company is investing in advanced manufacturing technologies, aiming to reduce production costs by 15% over the next year[16]. - The introduction of a new wastewater treatment process is expected to improve operational efficiency by 20%[15]. - The company aims to become a global leader in membrane technology, focusing on continuous technological innovation to enhance market competitiveness[33]. Research and Development - The R&D expenditure as a percentage of operating revenue was 4.81% in 2024, up from 4.52% in 2023[24]. - The company has developed a new type of wastewater treatment system called MBR, which combines biological treatment and membrane separation technology, replacing traditional sedimentation tanks with membrane separation[39]. - The company has established a comprehensive R&D system called "RDPA" (Research-Development-Pilot Application) focused on membrane technology applications in wastewater treatment, aiming to reduce costs and improve processes[47]. - The company has developed advanced inorganic non-metallic membrane materials and high-performance composite membrane materials, which can replace imported products and offer superior performance[42]. - The company has achieved a cumulative investment of ¥4,635,164.48 in the development of cellulose acetate ultrafiltration membranes, focusing on enhancing filtration performance and lifespan[73]. Environmental Sustainability - The company has set a goal to achieve a 50% reduction in carbon emissions by 2025 through cleaner production methods[16]. - The company emphasizes ESG as a cornerstone for sustainable and long-term development, integrating it into its core business operations[192]. - The company is committed to maintaining compliance with environmental regulations and standards across all operational sites[195][196]. - The company has implemented a strategy to monitor and manage pollutant discharge effectively, ensuring that all facilities meet the required environmental standards[198]. - The company is actively pursuing new wastewater treatment projects to increase its market presence and operational efficiency[198]. Governance and Compliance - The audit report issued by Rongcheng Accounting Firm confirms the financial statements are free from material misstatements[5]. - The company has established a robust internal control system and conducts regular audits to ensure compliance and effective management[188]. - The company adheres to strict governance practices, ensuring compliance with relevant laws and regulations, and has established a comprehensive governance structure to reduce risks and improve transparency[135]. - The company has implemented a robust investor relations management system, ensuring transparent communication with investors and protecting their rights[138]. - The company has not faced any penalties from securities regulatory authorities in the past three years[158]. Market Expansion - The company is actively expanding its business in the lithium extraction from salt lakes, with a significant increase in orders in this area[34]. - The company plans to increase investment in international markets, particularly in Southeast Asia and the Middle East, to capture growth opportunities in membrane water treatment[130]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the technology sector[150]. - The company is focused on expanding its wastewater treatment capacity across various regions, including Dongfeng and Dongliao counties, with specific discharge limits set for each facility[198]. - The company anticipates continued growth in the membrane industry, driven by increasing environmental concerns and government support for wastewater treatment initiatives[50]. Shareholder Engagement - The board of directors and supervisory board unanimously approved the profit distribution proposal, which is pending approval from the shareholders' meeting[7]. - The company held six shareholder meetings during the reporting period, all resolutions were approved without any rejections[143]. - The company plans to submit the proposal for the estimated daily related transaction limit for 2024 to the board for approval[165]. - The company is set to hold its 2023 annual general meeting to discuss the profit distribution plan and the remuneration scheme for directors and senior management for 2024[159]. - The company has proposed to increase the expected annual related party transaction limits for 2024 in multiple meetings[139][140].