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粤宏远A(000573) - 2024 Q4 - 年度财报
WINNERWAYWINNERWAY(SZ:000573)2025-04-18 14:15

Financial Performance - The company's operating revenue for 2024 was ¥489,555,332.19, representing a 38.98% increase compared to ¥352,249,483.63 in 2023[6]. - The net profit attributable to shareholders for 2024 was -¥47,698,354.96, a decrease of 172.18% from ¥66,085,698.17 in 2023[6]. - The net cash flow from operating activities improved by 95.04%, reaching -¥14,788,756.20 in 2024 compared to -¥298,416,500.50 in 2023[6]. - The total assets at the end of 2024 were ¥2,225,130,021.81, a decrease of 5.66% from ¥2,358,735,780.35 at the end of 2023[6]. - The company reported a weighted average return on equity of -2.92% for 2024, down from 3.97% in 2023[6]. - In 2024, the company achieved operating revenue of CNY 489,555,332.19, an increase of 38.98% year-on-year, while the net profit attributable to shareholders was CNY -47,698,354.96, a decline of 172.18%[43]. - The company's self-operated real estate business generated revenue of CNY 14,863,198.10, while rental income amounted to CNY 36,324,183.48 in 2024[44]. - The revenue from the recycling of waste lead-acid batteries was RMB 428,540,384.01, accounting for 87.54% of total revenue, with an 83.68% year-on-year increase[53]. - The company's revenue from new energy battery sales decreased by 61.04% to RMB 5,338,077.78[53]. - The company's real estate sales volume decreased by 75.21% year-over-year, totaling 801.54 square meters in 2024 compared to 3,233.26 square meters in 2023[55]. - The company's revenue from real estate sales dropped by 73.82% year-over-year, amounting to 8,615,082.55 yuan in 2024, down from 32,901,160.55 yuan in 2023[60]. Business Operations and Strategy - The company has undergone several changes in its main business operations since its listing in 1994, including real estate development and high-tech product production[16]. - The company is focusing on real estate development, with a strategic emphasis on the Dongguan market and several cooperative projects in the region[27]. - The company is exploring new industries and potential acquisition targets to enhance its business model amid market changes[27]. - The company has a total of 10 real estate cooperative projects, primarily located in the Dongguan area, to strengthen its market presence[29]. - The company has implemented promotional strategies to boost sales in its remaining inventory, particularly in the Di Ting Shan project[27]. - The company is actively exploring transformation paths to overcome development bottlenecks and has accelerated its transition efforts during the reporting period[42]. - The company plans to enhance its core competitiveness by strengthening collaborations with industry benchmark enterprises and expanding its project portfolio[42]. - The company is focusing on optimizing coal mine assets and enhancing safety management, with no accidents reported during the period[49]. - The company is actively exploring new business opportunities in metal smelting and coal mining sectors to enhance profitability[151]. Risk Management - The company emphasizes the importance of understanding the risks associated with external economic uncertainties, policy risks, and market risks[3]. - The company acknowledges the potential impact of macroeconomic risks on its future business plans and operations[3]. - The company faces macroeconomic risks due to global economic slowdown and geopolitical instability, which may impact housing demand[121]. - The company is exposed to policy risks related to real estate regulation and environmental protection, which could affect the supply of waste batteries[122]. - The company acknowledges market risks from commodity price fluctuations and plans to strengthen pricing and cost control measures[127]. - The company is addressing commercial credit risks by conducting thorough credit investigations of trading partners and improving contract management[125]. Corporate Governance - The company has established a complete and clear internal governance structure, complying with relevant laws and regulations[134]. - The company maintains independence from its controlling shareholders in business, personnel, assets, institutions, and finance, achieving a "five separations" model[136]. - The current board members and senior management have extensive experience, with the chairman serving since May 2007 and the finance director since August 2021[140]. - The company has a structured governance framework involving the shareholders' meeting, board of directors, supervisory board, and management, ensuring clear responsibilities and effective operations[165]. - The company’s financial performance and strategic direction are closely monitored by its board and supervisory committee, reflecting a commitment to transparency and accountability[144]. - The company has not faced any objections from directors regarding company matters during the reporting period[149]. - The board is committed to maintaining compliance with laws and regulations while protecting shareholder interests[150]. Environmental Compliance - The company’s subsidiary, Yingde Xinyu, is classified as a key pollutant discharge unit and adheres to strict environmental regulations[173]. - Yingde Xinyu has obtained multiple hazardous waste operation permits, with the latest valid until December 25, 2027[173]. - The company has implemented measures to ensure compliance with environmental protection laws during its production processes[173]. - The company’s atmospheric and water environmental risk levels are classified as general, indicating a low risk for both categories[177]. - The company has a comprehensive environmental risk assessment process in place, categorizing risks based on the quantity of hazardous materials and their sensitivity[177]. - The company conducts monthly monitoring of various pollutants at wastewater discharge points, including pH, chemical oxygen demand, and total nitrogen[184]. - The company has established a groundwater monitoring data management system to ensure effective management and timely reporting of monitoring data[185]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[188]. Shareholder Engagement - The company plans to implement a three-year shareholder return plan from 2024 to 2026[137]. - The annual shareholders' meeting had a participation rate of 23.13% and approved multiple resolutions, including the 2023 profit distribution plan[137]. - The company held an online annual performance briefing for 2023, discussing key operational metrics and addressing investor concerns regarding business performance and new project developments[130]. - Investors inquired about the company's main business operations and stock price trends during multiple communication sessions throughout 2024[131]. - The company is actively engaging with investors to discuss stock price situations and overall business conditions, reflecting a commitment to transparency[131]. Financial Management - The company has a cash dividend policy that specifies a distribution of 0.5 yuan per 10 shares, amounting to a total cash dividend of approximately 31,914,030.20 yuan (including tax) based on a total share capital of 638,280,604 shares[162]. - The cash dividend distribution accounts for 100% of the total profit distribution amount, with the available profit for distribution being 101,591,724.66 yuan[160]. - The company has not identified any significant internal control deficiencies during the reporting period, indicating effective internal control operations[165]. - The company has established a competitive and fair compensation system that aligns with its strategic development goals[156]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 5.388 million CNY[145]. - The company has a structured remuneration policy based on employee salary standards, with monthly base pay and year-end assessments determining annual income[145]. Project Developments - The company has ongoing projects, including a new coal mine with an investment of CNY 3,270,887.84, expected to commence construction in October 2023[85]. - The company has initiated a coal mine expansion project with an annual production target of 450,000 tons[117]. - The company plans to acquire approximately 60% of Bochuang Intelligent Equipment Co., Ltd. to transition from traditional real estate to the equipment manufacturing sector, aiming for new profit growth points[119]. - The real estate business will focus on selling the Yongya Tai project and accelerating the liquidation of the remaining units in the Diting Mountain Garden project[120].