TDG(SH:600330)2025-04-17 13:10Financial Performance - The company's operating revenue for 2024 is RMB 3,071,094,270, representing a decrease of 16.59% compared to RMB 3,682,118,570 in 2023[23]. - The company achieved operating revenue of 3.071 billion RMB in 2024, with a net profit attributable to shareholders of 89 million RMB[35]. - Basic earnings per share decreased by 72.24% to 0.073 RMB, and diluted earnings per share also fell by 72.24% to 0.073 RMB[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses dropped by 93.83% to 0.010 RMB per share[25]. - The net profit attributable to shareholders, after deducting non-recurring gains and losses, was CNY 1,170,280, a significant decrease of 94.15% year-on-year[62]. - The company's sales revenue from specialized equipment manufacturing and installation was CNY 693,872, a decline of 53.83% compared to the previous year[66]. - The electronic materials manufacturing business achieved sales revenue of CNY 2,259,881,918.65, an increase of 12.33% year-on-year, with a gross margin improvement of 1.44 percentage points[70]. - The magnetic materials manufacturing revenue increased by 21.53% year-on-year, with a gross margin increase of 7.47 percentage points, driven by demand growth in the new energy vehicle and data center markets[67]. - The sapphire crystal materials manufacturing revenue decreased by 4.67% year-on-year, with a gross margin decline of 7.5 percentage points, due to intensified market competition[67]. - The piezoelectric crystal materials manufacturing revenue increased by 122.28% year-on-year, with a gross margin increase of 9.71 percentage points, attributed to the release of production capacity from fundraising projects[68]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.22 per 10 shares to shareholders, with the total amount adjusted based on the number of shares on the dividend record date[6]. - The company will not conduct capital reserve transfers or stock dividends for the 2024 fiscal year[6]. - The company distributed a cash dividend of CNY 0.80 per share, totaling CNY 98.01 million, based on a total share capital of 1,225,107,516 shares[156]. - The cash dividend represented 30.18% of the net profit attributable to ordinary shareholders, which was CNY 88.72 million for the most recent fiscal year[159]. - Cumulative cash dividends over the last three fiscal years reached CNY 186.45 million, with an average net profit of CNY 361.03 million, resulting in a cash dividend ratio of 51.64%[161]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated any decision-making procedures for external guarantees[8]. - The company has not faced any issues with the majority of directors being unable to ensure the accuracy and completeness of the annual report[8]. - The company conducted internal control evaluations and audits, resulting in the issuance of the 2023 internal control evaluation report[128]. - The company has not identified any insider trading incidents during the reporting period, ensuring compliance with insider information management[129]. - The company has no reported penalties from securities regulatory agencies in the last three years[143]. - The company has not reported any significant accounting errors that require correction[185]. - The company has no significant litigation or arbitration matters reported for the current year[188]. - The company has not faced any delisting risk or bankruptcy reorganization matters[188]. Market Trends and Industry Outlook - In 2024, global sales of new energy vehicles (NEVs) are expected to reach 16.29 million units, a year-on-year increase of 25%, with China's market share expanding to 67%[38]. - The penetration rate of new energy vehicles in China reached 40.9%, with production and sales of NEVs expected to grow by 34.4% and 35.5% respectively in 2024[38]. - The number of charging infrastructure in China is projected to reach 12.818 million units by the end of 2024, a year-on-year increase of 49.1%[38]. - The demand for soft magnetic materials is expected to continue growing due to the increasing sales of NEVs and the expansion of charging infrastructure[39]. - In 2024, the newly installed photovoltaic capacity in China is expected to reach 277.57 GW, driving demand for soft magnetic materials in photovoltaic inverters[41]. - The sapphire material market is anticipated to grow significantly due to increasing demand in LED lighting and consumer electronics, particularly in smartwatches and mobile devices[44]. - The global data center market is expected to reach 175ZB by 2025, driving demand for high-efficiency power management systems and soft magnetic materials[89]. - The market for lithium niobate crystals in optical communication is projected to grow significantly, with a focus on high-speed data center applications[90]. - The company anticipates continued growth in the magnetic materials sector due to the rising demand from the electric vehicle and renewable energy industries[88]. Research and Development - The company has obtained nearly 200 patents and software copyrights, including over 100 invention patents, demonstrating its strong R&D capabilities in the field[46]. - The company is advancing the industrial application of a new generation of crystal growth furnace technology in collaboration with partners, emphasizing its commitment to technological innovation and product upgrades[46]. - The company’s R&D expenses increased by 2.70% to CNY 258,143,387.69, reflecting ongoing investment in innovation[65]. - The total R&D investment amounted to CNY 258,143,387.69, representing 8.41% of total revenue, with no capitalized R&D expenditures[80]. - The company has focused on technological talent development, completing evaluations for 86 assistant engineers, 28 engineers, and 2 senior engineers, while recognizing 121 individuals for their contributions to technological innovation[178]. Environmental and Social Responsibility - The company invested CNY 5.44 million in environmental protection during the reporting period[167]. - The company has established pollution prevention facilities with a wastewater treatment capacity of 6,400 tons per day and air treatment capacity exceeding 400,000 cubic meters per hour[169]. - The company implemented measures to reduce carbon emissions, achieving a reduction of 4,399.32 tons of CO2 equivalent through clean energy generation from solar power stations with a total installed capacity of 13.6MWP, generating 819.85MWh during the reporting period[175]. - The company has actively participated in community support initiatives, contributing 37 million CNY to various educational and sports projects, benefiting over 1,200 individuals[176]. - The company has established a comprehensive environmental monitoring program, conducting monthly, quarterly, and semi-annual assessments to ensure compliance with emission standards[172]. Governance and Management - The board of directors consists of 7 members, including 3 independent directors, complying with relevant laws and regulations[128]. - The company has established a complete independent organizational structure, ensuring independence from the controlling shareholder in assets, personnel, finance, and operations[130]. - The company has an independent financial department with a standardized financial accounting system and independent decision-making capabilities[130]. - The company has established a clear governance structure with defined roles for directors and supervisors across multiple subsidiaries[138]. - The company is involved in various sectors, including semiconductor technology and new materials, reflecting its strategic focus on innovation and market expansion[139]. Legal Matters - The company is currently involved in multiple legal proceedings, reflecting ongoing operational challenges[190]. - The company is facing a lawsuit for 1676.53 million yuan related to municipal contract payments, with the case currently in the pre-litigation evidence exchange stage[190]. - The company has a pending case where the plaintiff seeks compensation of 151.76 million yuan for losses and legal costs[189]. - The company has been proactive in resolving disputes, with several cases reaching mediation or settlement stages[189]. - The company is involved in multiple lawsuits with a total claim amount of approximately 1,838.52 million yuan, including overdue payment penalties and legal fees[190].