Yongmaotai(605208)2025-04-18 10:05Dividend Distribution - The company plans to distribute a cash dividend of 0.39 yuan per 10 shares (including tax) to shareholders, totaling approximately 12,852,058.908 yuan based on a total share capital of 329,539,972 shares after deducting shares in the repurchase account[4]. - The company plans to distribute cash dividends of 0.20 RMB per 10 shares, totaling approximately 6,524,747.44 RMB, which accounts for 21.11% of the net profit attributable to shareholders for the fiscal year 2023[187]. - The cumulative cash dividends over the last three years amount to 29,259,998.35 RMB, representing 53.98% of the average annual net profit of 54,204,935.89 RMB during that period[192]. - The company’s cash dividend distribution is contingent upon achieving a positive net profit and maintaining a debt-to-asset ratio below 70%[186]. - The company’s cash dividends for the fiscal year 2023 will be distributed on July 1, 2024, with the ex-dividend date set for July 2, 2024[189]. Financial Performance - The company achieved a record high operating revenue of 4.10 billion RMB in 2024, representing a year-on-year growth of 15.93%[19]. - Net profit attributable to shareholders reached 37.51 million RMB, an increase of 21.35% compared to the previous year[19]. - The aluminum alloy business generated sales of 2.98 billion RMB, up 21.07% compared to the previous year[74]. - The automotive parts business reported sales of 1.02 billion RMB, an increase of 1.98% year-on-year[74]. - The company’s net profit attributable to shareholders for the most recent fiscal year was 37,509,624.41 RMB[192]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements, indicating that actual results may differ significantly from expectations due to various factors[5]. - The company has identified potential risks in its future development and has outlined corresponding countermeasures in its management discussion[6]. - The company is facing market risks due to its reliance on the automotive industry, which is sensitive to macroeconomic cycles and competition, potentially impacting performance during economic downturns[123]. - The company has a high customer concentration risk, with 59.13% of revenue coming from the top five customers, which could impact performance if major clients experience business changes[126]. - The company is exposed to risks from commodity price fluctuations, which could lead to increased procurement costs and reduced profit margins[130]. Research and Development - The company’s R&D investment reached 101 million yuan in 2024, a year-on-year increase of 9.62%, with 20 new authorized patents granted[33]. - The company has employed 218 R&D personnel, accounting for 14.67% of the total workforce[90]. - Research and development expenses amounted to ¥100,670,458.03, representing 2.46% of total revenue, with a 9.62% increase from the previous year due to new project investments[87]. - The company aims to develop new materials and products for the electric vehicle sector, including aluminum components for battery packs, motors, and chassis[115]. - The company is committed to achieving a comprehensive utilization of waste aluminum, aluminum chips, and aluminum ash to promote sustainable development[115]. Corporate Governance - The company has established a performance evaluation system for directors and senior management, linking compensation to performance[143]. - The company maintains strict separation from its controlling shareholders in terms of personnel, assets, finance, and operations, ensuring independent operations[144]. - The company has a structured process for appointing and electing board members to ensure compliance with regulations[161]. - The company has authorized financing credit limits for itself and its subsidiaries, indicating a proactive approach to financial management[146]. - The company has established specialized committees within the board, including the audit committee and the strategic committee, to enhance governance[169]. Market Expansion - The company plans to expand its international market presence, particularly in Indonesia and Thailand, to meet customized client demands[117]. - The company is actively expanding its customer base and has successfully developed new high-quality aluminum alloy clients, improving its sales structure and reducing reliance on major customers[127]. - The company is expanding its production capacity and transitioning into the new energy vehicle sector to reduce the gap with leading enterprises in the industry[132]. - The company aims to enhance its aluminum liquid direct supply business, transitioning from traditional aluminum ingot sales to direct supply services[118]. - The company has established long-term stable partnerships with major automotive manufacturers, including SAIC-GM and SAIC-Volkswagen, enhancing its market position[69]. Environmental Responsibility - The company emphasizes environmental protection and social responsibility, investing in environmental improvements and adhering to safety regulations[145]. - The company increased the proportion of recycled aluminum usage to 80.87% in its raw material structure, significantly enhancing its green and low-carbon development[37]. - The company has been recognized as a "2023 Low Carbon Application Contribution Enterprise" in the recycled aluminum industry by Aladdin[37]. - The company has established a comprehensive low-carbon circular economy in the aluminum alloy business, including waste aluminum recycling and resource utilization[42]. - The company is committed to deepening the green and low-carbon development of the aluminum alloy industry chain to enhance core competitiveness and create value for shareholders[41].