Financial Performance - The company achieved a revenue of 515.45 million yuan in 2024, representing a year-on-year growth of 9.86%[71]. - The net profit attributable to shareholders was 101.96 million yuan, an increase of 6.02% compared to the previous year[71]. - The revenue from automotive testing system solutions reached 316.56 million yuan, showing a year-on-year increase of 14.90%[71]. - The company reported a basic earnings per share of ¥2.2459 for 2024, up 3.15% from ¥2.1773 in 2023[5]. - The gross profit margin for the specialized equipment manufacturing industry was 44.24%, with a slight increase of 0.63% compared to the previous year[84]. - The company’s total operating costs were ¥287,422,204.31, with a gross profit of ¥228,023,477.80, reflecting a gross margin of 44.24%[84]. - The company reported a significant increase in installation costs, which rose by 62.25% to ¥28,146,509.01[87]. - The company has established long-term stable partnerships with renowned international automotive brands such as Audi, Ferrari, and Ford, enhancing its global market influence[76]. Dividend Distribution - The company plans to distribute a cash dividend of 13 RMB per 10 shares to all shareholders, based on a total of 58,897,223 shares[3]. - The total distributable profit for the company is RMB 147,190,161.34, with cash dividends accounting for 100% of the profit distribution[175]. - The company has no plans for capital reserve conversion to increase share capital or stock dividends for the fiscal year 2024[177]. - The company has established a three-year dividend return plan post-IPO, focusing on sustainable shareholder returns[174]. - The cash dividend policy aligns with the company's articles of association and shareholder resolutions[175]. Risk Management - The report emphasizes the importance of risk awareness regarding forward-looking statements related to the company's strategic planning and future initiatives[3]. - The report includes a detailed analysis of potential operational risks and corresponding mitigation strategies[3]. - The company is aware of potential risks in fundraising projects, including implementation delays and market environment changes[132]. - The company faces risks related to innovation, industry fluctuations, and demand for servo hydraulic testing systems, which could impact financial performance[125][126][127]. Strategic Outlook - The report covers the company's strategic outlook and potential market expansion plans[3]. - The company aims to become a leader in the testing and experimental system field both domestically and globally, focusing on high-end equipment manufacturing while diversifying its market presence[41]. - The company is expanding its overseas market through its UK subsidiary SVT, enhancing its technical strength and brand influence to compete with international leaders like Dürr Group and MTS[41]. - The company plans to enhance its R&D capabilities by overcoming key technical bottlenecks and building a modular product development system[122]. Research and Development - The company has made significant investments in R&D, achieving multiple technological breakthroughs in its core business areas during the reporting period[74]. - The company increased its R&D investment to ¥36,743,752.97 in 2024, representing 7.13% of its operating revenue, up from 6.60% in 2023[92]. - The number of R&D personnel rose to 73 in 2024, a 4.29% increase from 70 in 2023, with a notable increase in master's degree holders by 23.53%[92]. - The company is developing a distributed control solution based on Pulsar controllers and reflective memory technology to enhance control system capabilities[90]. Corporate Governance - The company has a total of 9 board members, including 3 independent directors, complying with legal and regulatory requirements[138]. - The company held 1 shareholders' meeting during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders[137]. - The company is focused on maintaining strong governance with independent directors and a structured management team[146]. - The company has established a remuneration and assessment committee consisting of three directors, with a majority being independent directors[161]. Market Trends - The servo hydraulic testing equipment industry is experiencing steady growth due to increased government funding in scientific research, with a 5.7% increase in science and technology expenditure to ¥115.05 billion in 2024[1]. - In 2024, China's automotive production and sales reached 31.28 million and 31.44 million units, respectively, marking a year-on-year growth of 3.7% and 4.5%[3]. - The demand for servo testing equipment in the automotive sector is driven by the rapid growth of new energy vehicles, with annual production and sales exceeding 10 million units, accounting for over 40% of total sales[3]. - The automotive testing equipment market is expected to grow as the automotive standard system continues to improve, emphasizing safety, energy efficiency, and the integration of international standards[6]. Employee Development - Over 70% of the company's employees hold a bachelor's degree or higher, with nearly 90% of R&D personnel having similar qualifications, reflecting a strong talent pool[64]. - The company has developed a comprehensive talent development strategy to attract and retain top industry professionals[124]. - The training plan includes a focus on online training combined with internal trainers to enhance professional skills[172]. - Employee welfare is prioritized, with a focus on creating a harmonious work environment and providing career development opportunities[187]. Environmental and Social Responsibility - The company is committed to environmental protection and sustainable development, investing in R&D to enhance equipment performance and reduce energy consumption[190]. - The company adheres to legal compliance and actively fulfills tax obligations, contributing to local economic development[191]. - The company plans to integrate social responsibility into its development strategy across all operational aspects[191]. - The company has not been subject to administrative penalties for environmental issues during the reporting period[185].
博科测试(301598) - 2024 Q4 - 年度财报