CCYD(600148)2025-04-18 12:35Financial Performance - In 2024, the company's total revenue was approximately ¥690.30 million, a decrease of 0.85% compared to ¥696.19 million in 2023[19]. - The net profit attributable to shareholders for 2024 was a loss of ¥2.32 million, a significant decline from a profit of ¥660,809.50 in 2023, representing a decrease of 451.27%[19]. - Basic earnings per share for 2024 were reported at -¥0.0164, a decline of 448.94% from ¥0.0047 in 2023[20]. - The weighted average return on net assets was -0.50% in 2024, down from 0.14% in 2023[20]. - The total comprehensive income for 2024 was CNY -505,363.42, down from CNY 5,908,808.19 in 2023, marking a decline of over 108%[171]. - The net profit for 2024 was CNY -355,363.42, a significant decrease compared to CNY 5,908,808.19 in 2023, indicating a decline of over 106%[170]. - The total profit for 2024 was CNY -1,956,705.18, compared to CNY -391,269.11 in 2023, indicating a larger loss year-over-year[170]. Cash Flow and Liquidity - The company's net cash flow from operating activities improved to ¥62.43 million in 2024, compared to a negative cash flow of ¥62.76 million in 2023[19]. - The company's cash and cash equivalents decreased by 32.65% to 238,539,260.75 RMB compared to the previous period[52]. - The ending balance of cash and cash equivalents was ¥71,655,989.88, down from ¥103,154,925.48 at the end of 2023, reflecting a decrease of approximately 30%[178]. - The net cash outflow from investing activities was ¥28,803,934.46, compared to a net inflow of ¥5,250,846.29 in 2023, indicating a significant shift in investment strategy[178]. - The total cash outflow for other financing activities was ¥9,252,941.38, significantly higher than ¥2,000,000.00 in the previous year[175]. Assets and Liabilities - The total assets of the company decreased by 8.48% to ¥1.14 billion at the end of 2024, down from ¥1.25 billion at the end of 2023[19]. - The total liabilities decreased to CNY 539,565,965.37 from CNY 637,263,600.57, reflecting a reduction of approximately 15.4%[162]. - The equity attributable to shareholders decreased to CNY 463,119,006.15 from CNY 471,201,178.85, a decline of about 1.7%[163]. - The company's current assets totaled CNY 908,282,814.86, down from CNY 1,011,838,215.86, indicating a decrease of about 10.2% year-over-year[161]. Research and Development - The company filed 54 patents during the year, and a major clutch production line upgrade project received ¥2.7 million in funding support from Jilin Province[29]. - Research and development expenses decreased by 11.24% to 23.90 million RMB, attributed to increased capitalized investments and reduced material costs[40]. - The total R&D investment amounted to 39,114,266.46 RMB, representing 5.67% of the operating revenue[48]. Market and Sales Performance - The company achieved a market share of 24% for clutch products and 35% for hydraulic lifting products in the domestic market[27]. - The company's foreign trade exports reached ¥112 million, a 12% increase compared to the previous year, with clutch product exports exceeding ¥90 million[28]. - The sales volume of the clutch-driven plate increased by 1.33% year-on-year, reaching 70.14 million units, while the production volume rose by 1.47% to 69.20 million units[56]. Corporate Governance and Compliance - The company adheres to strict information disclosure regulations, ensuring transparency and fairness in reporting to protect the rights of investors, especially minority shareholders[81]. - The company has established a comprehensive internal control system in compliance with relevant laws and regulations, enhancing corporate governance[82]. - The board of directors has established specialized committees, including the audit, nomination, remuneration, and strategic committees, to enhance governance[94]. Strategic Initiatives and Future Outlook - The company plans to focus on technology innovation and product structure adjustment to enhance core competitiveness and achieve high-quality development[64]. - The company is actively pursuing overseas strategic layouts, with hydraulic lifting products gaining trust from manufacturers in Europe[36]. - The company plans to enhance its supply chain efficiency, targeting a 20% reduction in lead times for product delivery[86]. Environmental and Social Responsibility - The company invested 42.63 million yuan in environmental protection during the reporting period[114]. - The company has published its 2024 ESG report, which is available on the Shanghai Stock Exchange website[118]. - The company is committed to improving project management capabilities and ensuring development progress and quality through a structured management approach[67].