Dividend Distribution - The company plans to distribute a cash dividend of 4 RMB per 10 shares to all shareholders, based on a total of 101,621,335 shares[4]. - The company has not proposed any bonus shares for the current fiscal year[4]. - The total distributable profit available for shareholders is RMB 403,222,096.05, with cash dividends accounting for 100% of the profit distribution[149]. - The remaining undistributed profits will be carried forward to future distributions, with no stock dividends issued this year[149]. - The company’s cash dividend policy is in compliance with its articles of association and shareholder resolutions[148]. Financial Performance - The company achieved operating revenue of ¥825,076,308.05 in 2024, representing a 44.74% increase compared to ¥570,057,252.01 in 2023[28]. - Net profit attributable to shareholders reached ¥95,461,598.18, up 34.56% from ¥70,941,969.69 in the previous year[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥86,439,817.91, reflecting a 31.14% increase from ¥65,914,010.97 in 2023[28]. - Cash flow from operating activities amounted to ¥90,678,222.88, a 25.96% increase compared to ¥71,992,328.38 in 2023[28]. - The total assets of the company at the end of 2024 were ¥1,519,374,692.33, an 11.87% increase from ¥1,358,185,664.71 at the end of 2023[28]. Market Expansion and Product Development - The company is focused on expanding its market presence and enhancing its product offerings in the LCD sector[4]. - The company operates in the liquid crystal display (LCD) industry, focusing on customized LCD products, which is classified as a strategic emerging industry in China[28]. - The company is expanding its market presence in the medical health sector, supplying LCD displays for devices like blood glucose meters and blood pressure monitors[33]. - The company has achieved significant breakthroughs in markets such as electronic cigarettes and two-wheeled vehicles, indicating a strategic expansion into new product areas[34]. - The company plans to further invest in the automotive display sector and other specialized display fields in the future[44]. Research and Development - The company has developed a range of core technologies, including high-contrast vertical alignment LCD displays and large-size vehicle displays, with 22 invention patents and 44 utility model patents as of December 31, 2024[39]. - The company’s R&D expenses increased by 29.61% year-on-year, totaling 3,890.03 million yuan[45]. - The company is focused on developing new technologies, including a mid-size vehicle TFT module and improving outdoor LCD performance, to enhance market competitiveness[58]. - The company plans to strengthen its technical research and development team by attracting and training professionals to meet the demands of rapid growth[97]. - The company intends to enhance collaboration with universities and research institutions to improve its technology research and development capabilities[97]. Risk Management - The company has detailed potential risks and countermeasures in the "Management Discussion and Analysis" section of the report[4]. - The company faces risks from the international trade environment, which could impact revenue growth in key markets if conditions worsen[99]. - There is a risk of product technology being replaced by emerging display technologies such as OLED and Mini LED, which could impact the company's market position[100]. - Rising raw material costs, such as ICs and polarizers, pose a risk of declining gross margins if price increases cannot be passed on to customers[101]. - The company has implemented risk management measures for foreign exchange derivatives, ensuring all transactions are based on normal business operations and aimed at hedging against currency risks[83]. Corporate Governance - The company emphasizes the accuracy and completeness of its financial report, with all board members present for the meeting[4]. - The company maintains complete independence from its controlling shareholder in terms of assets, personnel, finance, institutions, and business operations, ensuring a robust operational framework[112]. - The company has established an independent financial accounting department, adhering to accounting standards and maintaining separate bank accounts, with no shared accounts with the controlling shareholder[113]. - The governance structure of the company aligns with legal and regulatory requirements, with no significant discrepancies noted[111]. - The company has implemented a comprehensive internal control system to enhance governance and operational transparency, ensuring compliance with relevant laws and regulations[110]. Shareholder Engagement - The company held multiple board meetings to approve changes in project implementation and funding allocation[90]. - The company held 5 shareholder meetings during the reporting period, ensuring all resolutions were passed legally and effectively, with measures in place to facilitate participation from minority shareholders[108]. - The participation rate for the 2024 first extraordinary general meeting was 71.28%[115]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.785 million[132]. - The company has a structured remuneration decision process based on performance, work capability, and position level[131]. Environmental and Social Responsibility - The company actively responds to national calls for green transformation and aims to contribute to carbon peak and carbon neutrality goals[162]. - The company has a strong commitment to social responsibility, ensuring compliance with laws and protecting the rights of shareholders, creditors, and employees[163]. - The company has implemented a green development strategy focusing on clean production and circular economy, improving energy efficiency and reducing waste emissions[164]. - The company strictly adheres to labor laws and regulations, ensuring comprehensive social security and medical insurance for employees[164]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[162].
骏成科技(301106) - 2024 Q4 - 年度财报