LMGF(SZ:002734)2025-04-17 12:20Dividend Distribution - The company plans to distribute a cash dividend of 2.5 yuan per 10 shares to all shareholders, based on a total of 405,445,739 shares[4]. - The cash dividend distribution represents 100% of the total profit distribution amount, with available distributable profits amounting to 1,205,786,126.28 yuan[151]. - The company’s board of directors emphasizes a stable profit distribution policy, ensuring that cash dividends do not exceed the cumulative distributable profits and do not impair the company's ongoing operations[148]. - The company has distributed a total of 732 million in cash dividends over the past 8 years, maintaining a consistent dividend policy since its listing in 2015[106]. Financial Performance - The company's operating revenue for 2024 was approximately ¥4.24 billion, a slight increase of 0.32% compared to ¥4.22 billion in 2023[6]. - Net profit attributable to shareholders for 2024 reached ¥81.36 million, representing a significant increase of 31.11% from ¥62.05 million in 2023[6]. - The basic earnings per share for 2024 was ¥0.23, up 35.29% from ¥0.17 in 2023[6]. - The total assets at the end of 2024 were approximately ¥6.66 billion, a decrease of 2.28% from ¥6.82 billion at the end of 2023[6]. - The net cash flow from operating activities for 2024 was ¥373.83 million, down 20.70% from ¥471.39 million in 2023[6]. - The total operating revenue for 2024 reached ¥4,237,402,851.27, representing a year-on-year increase of 0.32% compared to ¥4,223,936,964.12 in 2023[50]. - The revenue from the pesticide segment was ¥3,824,458,242.21, accounting for 90.25% of total revenue, with a slight increase of 0.14% year-on-year[50]. - The veterinary medicine segment generated revenue of ¥381,789,651.93, which is a 3.29% increase from ¥369,626,735.12 in the previous year[50]. Risk Management - The company acknowledges various risks including market competition, raw material price fluctuations, and environmental risks, urging investors to remain aware of investment risks[4]. - The company has a comprehensive risk management strategy in place to address potential operational challenges[4]. - The company actively engages in risk management strategies to address foreign exchange fluctuations and customer default risks[80]. - The company has a comprehensive risk management framework in place, including measures for liquidity and credit risks[80]. Market and Industry Insights - The agricultural pesticide industry is expected to see a rigid demand due to the need for increased crop yields to meet future food requirements[27]. - China's pesticide export volume reached a historical high of 2.05 million tons in 2024, with a total value of ¥113.3 billion[28]. - The global biopesticide market is expected to grow from $9.5 billion in 2022 to $16.75 billion by 2027, with a CAGR of 12.0%[29]. - China's biopesticide market is projected to increase from approximately ¥210.2 billion in 2024 to ¥330.9 billion by 2027, achieving a CAGR of 17.1%[29]. Product Development and Innovation - The company is focusing on the development of green pesticides and has aligned with national policies promoting sustainable agricultural practices[27]. - The company is focusing on AI and biopesticide technology, achieving significant breakthroughs while maintaining its competitive edge[32]. - The company has successfully registered 8 new Class II veterinary drugs and 2 new Class III veterinary drugs, with 13 raw material products passing the new GMP certification[33]. - The company is developing multiple new products, including new herbicides and biopesticides, aimed at increasing profit growth points[64]. Environmental Compliance and Sustainability - The company has established a comprehensive environmental management system, including emergency response plans and pollution control measures[171]. - The company has implemented continuous monitoring systems across various production areas to ensure compliance with environmental regulations[169]. - The company has passed ISO9001 quality management and ISO14001 environmental management system certifications, demonstrating commitment to environmental management[171]. - The company is subject to various environmental protection regulations and standards, including the Pollutant Discharge Permit Management Measures effective from July 1, 2024[163]. Governance and Management - The company has established a three-tier governance structure for ESG initiatives, integrating global standards with local practices[49]. - The company emphasizes the importance of independent directors in decision-making, supervision, and professional consultation to safeguard investor interests[104]. - The company has established an ESG committee to promote sustainable development and align with international standards regarding environmental, social, and governance practices[105]. - The company has a complete and independent procurement, production, sales, and R&D system, allowing it to operate independently in the market[112]. Safety and Training - The company conducted 1,183 safety training sessions, with a total of 33,318 participants, enhancing safety management practices[49]. - The company has a dedicated safety management team consisting of 18 safety management personnel and 6 registered safety engineers[198]. - The company implemented a dual prevention mechanism for risk control and hazard identification, ensuring comprehensive coverage of safety risks[199]. - The company has not experienced any major safety incidents during the reporting period, indicating effective safety management practices[199]. Strategic Initiatives - The company plans to continue expanding its market presence and enhancing its product offerings through ongoing research and development[80]. - The company aims to improve its ESG rating from BBB to A in 2024, reflecting its commitment to sustainable development[49]. - The company plans to optimize its asset structure through mergers and acquisitions, cash dividends, and equity incentives to create greater shareholder value[96]. - The company is committed to driving research and development efficiency, leveraging AI technology to innovate and develop new products in the agricultural sector[96].