Yangzhou Chenhua(SZ:300610)2025-04-17 12:45Financial Performance - The company's operating revenue for 2024 was CNY 911,285,722.95, a decrease of 1.99% compared to CNY 929,758,288.83 in 2023[24]. - Net profit attributable to shareholders increased by 38.64% to CNY 83,890,898.01 in 2024 from CNY 60,507,708.82 in 2023[24]. - The cash flow from operating activities reached CNY 131,150,442.92, marking a 61.86% increase from CNY 81,027,459.81 in the previous year[24]. - Basic and diluted earnings per share rose by 34.48% to CNY 0.39 in 2024, compared to CNY 0.29 in 2023[24]. - Total assets at the end of 2024 were CNY 1,539,372,684.05, reflecting a 4.72% increase from CNY 1,470,049,192.81 at the end of 2023[24]. - The company's net assets attributable to shareholders increased by 4.54% to CNY 1,153,019,510.94 at the end of 2024 from CNY 1,102,914,442.33 at the end of 2023[24]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 71.90% to CNY 54,238,636.66 in 2024[24]. - The company’s net profit attributable to shareholders reached CNY 83.89 million, an increase of 38.64% year-on-year[46]. - In 2024, the company achieved total operating revenue of CNY 911.29 million, a decrease of 1.99% year-on-year, while operating profit increased by 46.23% to CNY 90.69 million[46]. Dividend Distribution - The company plans to distribute a cash dividend of 2 RMB per 10 shares to all shareholders, based on a total of 215,007,980 shares[5]. - The 2024 profit distribution plan proposes a cash dividend of 2 CNY per 10 shares, amounting to 43,001,596 CNY, with no stock bonus or capital increase from capital reserves[159]. - The company distributed a cash dividend of 1.8 CNY per 10 shares, totaling 38,314,508.40 CNY, based on a total share capital of 212,858,380 shares[157]. Research and Development - The company invested CNY 41.69 million in R&D during the reporting period, with a total of 96 patents held, including 53 invention patents[47]. - The company has a total of 118 R&D personnel, including 3 core technical staff, enhancing its competitive edge in fine chemical new materials[44]. - The company is in the trial production phase for a new fire extinguishing agent, aiming to enhance product competitiveness and expand its product line[67]. - The company is developing a low-odor flame retardant to overcome existing technical challenges, currently in the trial production phase[68]. - The company is working on a project to optimize the reaction conditions for a 40,000 tons/year polyether amine reactor, which is currently in the pilot stage[69]. - The company is committed to continuously improving its performance evaluation and incentive mechanisms to promote sustainable and healthy development[163]. Market and Industry Position - The company operates in the fine chemical industry, focusing on high-performance specialty products, which are essential for various sectors of the national economy[33]. - The fine chemical sector is a strategic focus for China's chemical industry development, receiving significant policy and financial support[33]. - The company operates in the fine chemical new materials industry, with 13% of its revenue coming from international market exports in 2024[34]. - The company has established a strong customer base, exporting products to regions including Europe, America, and Southeast Asia, enhancing its market presence[42]. - The company is positioned to benefit from the growing market for organic silicon materials, which are crucial for various strategic emerging industries[98]. Environmental and Safety Compliance - The company obtained an environmental protection permit on August 14, 2023, valid until August 13, 2028[172]. - The company has established comprehensive waste treatment facilities to minimize negative environmental impacts during production[172]. - The company adheres to various environmental standards, including the "Comprehensive Discharge Standards for Wastewater" and "Standards for Emission of Air Pollutants" during its operations[172]. - The company reported a total COD discharge of 23.154 tons, which complies with the relevant discharge standards[173]. - The company has implemented strict environmental protection measures, ensuring all pollutants are discharged within regulatory limits[178]. - The company has established emergency response plans for unexpected environmental incidents, ensuring preparedness[178]. Corporate Governance - The company emphasizes transparency and timely information disclosure, with the chairman as the primary responsible person for information disclosure[127]. - The company has established specialized committees within the board, including a strategy and social responsibility committee, enhancing decision-making processes[124]. - The company is committed to enhancing its corporate governance structure in compliance with relevant laws and regulations, ensuring a high level of operational integrity[121]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[124]. - The company has maintained a stable management structure with no reported changes in the board or senior management during the reporting period[131]. Employee Management and Compensation - The company has a competitive compensation system, including various benefits such as dormitory-style housing, health check-ups, and scholarships for employees' children[155]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 5.9144 million yuan[139]. - The total number of employees with a bachelor's degree or higher is 104, representing approximately 13.6% of the workforce[154]. - The company has established comprehensive training programs to enhance employee skills and organizational adaptability[156]. - The performance evaluation system for senior management includes both basic and performance-based compensation[163]. Strategic Development and Future Plans - The company plans to enhance its market competitiveness and operational management through the new R&D building project, which has been approved by the shareholders[87]. - The company aims to expand the production scale of surfactants and polyurethane functional additives to meet the growing market demand in the next three years[103]. - The company plans to develop new products such as polyurethane catalysts and polyether amines to address market needs and diversify its product offerings by 2025[104]. - The company is committed to enhancing its competitive edge and profitability by expanding its market presence[199]. - The company will actively prepare for fundraising projects by allocating resources and strengthening talent and technology reserves[199].