建新股份(300107) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was ¥605,376,475.82, a decrease of 8.03% compared to ¥658,214,081.40 in 2023[23]. - The net profit attributable to shareholders for 2024 increased by 31.44% to ¥19,365,723.28 from ¥14,733,064.67 in 2023[23]. - The net profit after deducting non-recurring gains and losses was ¥16,258,773.02, up 35.23% from ¥12,022,861.12 in the previous year[23]. - The net cash flow from operating activities decreased by 46.53% to ¥44,186,925.51 from ¥82,635,703.18 in 2023[23]. - Basic earnings per share for 2024 were ¥0.0346, reflecting a 29.59% increase from ¥0.0267 in 2023[23]. - Total assets at the end of 2024 were ¥1,673,622,883.87, a slight increase of 0.21% from ¥1,670,120,180.70 at the end of 2023[23]. - The net assets attributable to shareholders increased by 2.63% to ¥1,505,354,221.40 from ¥1,466,727,453.81 in 2023[23]. - The company reported a significant decline in cash flow from operations in the second quarter, with a net cash flow of -¥123,144,926.86[26]. - The fourth quarter net profit attributable to shareholders was ¥5,672,112.51, showing a recovery from the lower profits in the third quarter[25]. - The company reported government subsidies of approximately ¥3,295.16 million in 2024, a slight increase from ¥3,231.29 million in 2023 and up from ¥2,972.47 million in 2022, indicating a consistent support from government policies[29]. Market and Industry Position - The company operates in the fine chemical industry, with a focus on high-end intermediates, maintaining leading positions in production capacity, output, and sales in various intermediate segments[32]. - The company is focusing on expanding its market presence in the dye and chemical intermediate sectors, driven by the recovery in textile and cosmetic industries, despite some short-term challenges[35]. - The company is adapting to regulatory changes in the pharmaceutical and pesticide sectors, which are expected to guide major enterprises towards growth and efficiency improvements[39]. - The company anticipates significant growth in sales of new color developers like JX201 in 2024, driven by stricter standards on bisphenol A in thermal paper, which will create new market opportunities[41]. - The company has maintained a high global market share despite increased competition and a decline in average product prices due to rapid supply growth[44]. - The company is actively expanding its customer base and sales channels to increase revenue and improve capacity utilization[44]. Research and Development - The company achieved a research and development investment of 35.67 million yuan, accounting for 5.89% of its operating revenue[58]. - The company is focusing on technological innovation and new product development in fields such as new materials and electronic chemicals to enhance its competitive edge[44]. - The company has completed several R&D projects, including the development of new production processes aimed at improving product yield and reducing environmental impact[75]. - The company has established a stable management team and core talent, with 7 high-end talents recruited in 2024, including 3 master's degree holders[60]. - The company has implemented three stock incentive plans to align the personal goals of core management and technical personnel with the long-term development of the company[61]. Environmental and Safety Compliance - The company has implemented a complete safety production system to reduce safety risks associated with the use of flammable and explosive chemicals[6]. - The company has invested in upgrading its fire safety systems and has completed the construction of 15 modules for its safety information management platform[176]. - The company has successfully maintained compliance with environmental regulations across all monitored emission points[169]. - The company received a national pollutant discharge permit valid from July 12, 2024, to July 11, 2029, with specific emission limits for SO2 (9.225t/a), NOx (29.35943t/a), COD (28.974t/a), and ammonia nitrogen (3.653t/a)[168]. - The company has established a comprehensive monitoring frequency for unorganized waste gas emissions and noise levels as part of its self-monitoring plan[170]. Talent and Management - The company acknowledges the risk of talent shortages impacting future development and plans to establish a comprehensive talent cultivation and innovation incentive mechanism[5]. - The company has established a performance evaluation and incentive system linked to business performance, aiming to attract and retain high-quality talent[111]. - The company has implemented a salary management system that adjusts compensation based on job risk, responsibility, and technical requirements, ensuring internal fairness and external competitiveness[141]. - The company has a stable core technical team and maintains a competitive advantage in product structure, innovation capability, and market marketing[48]. - The company has established a comprehensive training system, conducting at least four safety training sessions annually for middle management and above, enhancing employee skills and management capabilities[142]. Financial Management and Governance - The company has a clear profit distribution policy, with 100% of the profit distribution amount allocated to cash dividends in the current period[144]. - The company’s profit distribution plan aligns with its articles of association and shareholder resolutions, ensuring transparency and compliance[143]. - The company has a governance structure that complies with the Company Law and Articles of Association, ensuring independent operation of the board and management[114]. - The company has established specialized committees under the board of directors to enhance decision-making efficiency[158]. - The company has implemented a comprehensive internal control system in accordance with relevant laws and regulations, ensuring effective governance structures among shareholders, the board of directors, and management[158]. Future Outlook and Strategic Goals - The company aims to enhance its R&D capabilities and product competitiveness to mitigate market risks from overseas energy price fluctuations and high inflation[3]. - The company will continue to focus on expanding both domestic and international markets to enhance its market share and profitability[3]. - The company aims to enhance product value and expand its market presence in dye and daily chemical intermediates, composite materials, and pharmaceutical intermediates[100]. - The company plans to invest 200 million RMB in research and development for innovative technologies over the next two years[124]. - The company is exploring investment opportunities in low-altitude economy sectors, including aircraft manufacturing and low-altitude operations, to create new growth points[103].