南京聚隆(300644) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 reached ¥2,387,383,742.88, representing a 30.53% increase compared to ¥1,828,937,731.14 in 2023[24]. - The net profit attributable to shareholders for 2024 was ¥84,339,708.46, up 16.25% from ¥72,548,132.91 in 2023[24]. - The net profit after deducting non-recurring gains and losses was ¥76,142,797.61, a 7.52% increase from ¥70,815,558.61 in 2023[24]. - The net cash flow from operating activities improved significantly to ¥123,379,072.05, compared to a negative cash flow of ¥3,544,830.26 in 2023, marking a 3,580.54% increase[24]. - The total assets at the end of 2024 were ¥2,382,511,337.42, reflecting a 15.60% increase from ¥2,060,931,010.20 at the end of 2023[24]. - The weighted average return on equity for 2024 was 9.37%, up from 8.80% in 2023[24]. - The company reported a basic earnings per share of ¥0.7936 for 2024, which is a 17.41% increase from ¥0.6759 in 2023[24]. - The company achieved a revenue of 2.387 billion yuan in 2024, representing a year-on-year growth of 30.53%[109]. - The net profit attributable to shareholders reached 84.34 million yuan, an increase of 16.25% compared to the previous year[109]. - Excluding the impact of share-based payments, the net profit was 99.88 million yuan, reflecting a growth of 44.85% year-on-year[109]. Market and Product Development - Nanjing Julong Technology Co., Ltd. reported significant advancements in Long Fiber Reinforced Thermoplastics (LFT), with fiber lengths maintained above 5 mm, targeting automotive and machinery sectors[18]. - The company highlighted its diverse product applications, including Polycarbonate (PC) and Acrylonitrile-Butadiene-Styrene (ABS), which are utilized in electrical equipment and general mechanical parts, respectively[18]. - Nanjing Julong is focusing on expanding its market presence in the automotive and aerospace industries, leveraging high-performance materials like Polyether Ether Ketone (PEEK) and Polyphenylene Sulfide (PPS)[18]. - The company aims to enhance its product portfolio with new technologies, particularly in thermoplastic elastomers (TPE) and thermoplastic vulcanizates (TPV), which are ideal for automotive and electronic applications[18]. - The company is focusing on high-performance and multifunctional modified plastics, particularly in emerging technology fields such as new energy and 5G communication[34]. - The company has developed high-performance thermoplastic elastomer materials with applications in automotive components such as engine intake pipes and cooling water pipes[47]. - The company has established a strategic expansion division focused on aerospace and communications, developing innovative materials and components for future communication technologies[140]. - The company is actively involved in the development of materials for the new energy vehicle sector, including battery systems and charging stations[104]. Research and Development - The company is committed to research and development, focusing on innovative materials that meet stringent industry standards for durability and performance[18]. - The company has obtained 56 invention patents and 23 utility model patents, showcasing its strong R&D capabilities[85]. - The company has been awarded a total of 149 patents, including 76 invention patents, as of the end of the reporting period[92]. - The company has established several innovation platforms, including the Jiangsu Provincial Modified Plastics Engineering Technology Research Center and the National Recognition Committee (CNAS) laboratory, to support its R&D efforts[97]. - R&D investment amounted to ¥95,635,616.74 in 2024, representing 4.01% of operating revenue, an increase from 3.92% in 2023 and 3.53% in 2022[172]. - The company has increased its R&D personnel by 7.83% from 166 in 2023 to 179 in 2024, with the proportion of R&D staff rising from 18.76% to 20.65%[171]. Strategic Initiatives and Partnerships - The company is actively engaging in partnerships and collaborations to enhance its technological capabilities and expand its market reach[18]. - The company has formed stable partnerships with major automotive manufacturers, including BYD and NIO, enhancing its market position in the automotive sector[105]. - The company has established long-term strategic partnerships with major downstream clients, integrating into their product development stages[79]. - The company has established a production base in Mexico to enhance its global market presence and service capabilities[45]. - The company has successfully entered the supply chain of leading electric vehicle brands, expanding its business into new areas[141]. Operational Efficiency and Cost Management - The company has experienced significant growth in cash flow from operations, indicating improved operational efficiency and financial health[24]. - The company has a strong focus on R&D team development, with personnel recognized as high-level innovative and entrepreneurial talents in Jiangsu Province[98]. - The intelligent manufacturing initiative has been recognized as a "Demonstration Workshop of Intelligent Manufacturing" by Jiangsu Province, improving production efficiency and quality[101]. - The production model is based on sales-driven production, with output determined by customer orders, ensuring reduced operational risks[79]. - The company has established multiple technical barriers through years of innovation and expertise in formulation design and product certification[51]. Challenges and Risks - The company has identified key risks including macroeconomic environment, raw material price fluctuations, and core technology personnel turnover[5]. - The company reported a gross margin of 14.31% for the automotive and new energy vehicle sector, down from 33.76% year-on-year[159]. - Revenue from the high-speed rail and rail transit sector decreased by 10.67% in 2024, attributed to a slowdown in high-speed rail construction projects[133]. Corporate Governance and Compliance - The company has appointed Tianheng Accounting Firm for its financial audits, ensuring compliance and accuracy in its financial reporting[23]. - The company has received multiple national awards for its technological advancements, including two National Science and Technology Progress Awards and two Excellent Invention Patent Awards[91]. - The company has participated in drafting national and industry standards, with notable standards including GB/T32363.2-2015 and GB/T37881-2019, which were published in 2015 and 2019 respectively[92].