博亚精工(300971) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was ¥385,408,004.13, a decrease of 9.89% compared to ¥427,698,808.74 in 2023[18]. - The net profit attributable to shareholders for 2024 was ¥43,791,315.74, down 33.91% from ¥66,258,364.67 in 2023[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥39,560,583.44, a decrease of 29.69% from ¥56,265,445.48 in 2023[18]. - The basic earnings per share for 2024 was ¥0.52, a decline of 34.18% compared to ¥0.79 in 2023[18]. - The total assets at the end of 2024 were ¥1,307,716,972.03, an increase of 1.22% from ¥1,291,921,315.97 at the end of 2023[18]. - The net assets attributable to shareholders at the end of 2024 were ¥1,003,757,215.64, up 2.75% from ¥976,897,926.82 at the end of 2023[18]. - The net cash flow from operating activities for 2024 was ¥60,282,475.65, a significant increase of 403.56% compared to a negative cash flow of ¥19,858,494.88 in 2023[18]. - The weighted average return on equity for 2024 was 4.42%, down from 6.97% in 2023, reflecting a decrease of 2.55%[18]. Revenue Breakdown - The company reported a quarterly revenue breakdown, with the fourth quarter revenue reaching ¥122,720,627.33[20]. - Revenue from the precision equipment and key components segment for strip forming processing increased by 13.48% during the reporting period[29]. - Revenue from the special equipment supporting products segment decreased by 46.12% due to demand structure adjustments[31]. - Revenue from special equipment components was ¥63,118,820.85, accounting for 16.38% of total revenue, down 46.19% year-over-year[52]. - Revenue from precision equipment and key components increased by 13.48% to ¥320,917,826.56, representing 83.27% of total revenue[52]. Market Position and Strategy - The company has established partnerships with major global steel groups, including Baowu Steel Group and Nippon Steel, enhancing its market position[33]. - The company has successfully replaced products from renowned manufacturers in Germany, Japan, and Italy, establishing itself as a high-end equipment manufacturer[33]. - The government has implemented a series of policies to support the development of the defense equipment technology industry, which will benefit the special equipment supporting components business[30]. - The company specializes in key components and structural parts for special vehicles, which are widely used in various models and have been recognized for their quality and reliability[34]. - The company targets niche markets in the "special, precise, and specialized" mechanical manufacturing sector, successfully meeting high-performance component demands and achieving customer recognition[47]. Production and Operations - The company maintains a reasonable inventory of steel, its main raw material, and has a comprehensive procurement management system to ensure quality and optimal pricing from suppliers[37]. - The production model emphasizes specialized and large-scale manufacturing, with dedicated factories for different components, ensuring efficient production based on current or anticipated orders[38]. - The sales model integrates technical services throughout the sales process, enhancing customer satisfaction and maintaining strong relationships with clients[40]. - The company has implemented a robust management structure and quality control systems, certified by ISO9001 and ISO14001, ensuring efficient and standardized operations[42]. - The R&D strategy focuses on key technology development and project management, aligning with the company's overall strategic goals[43]. Research and Development - The company's research and development expenses in 2024 were ¥46,095,411.71, a decrease of 2.43% compared to ¥47,241,678.52 in 2023[61]. - The number of R&D personnel increased to 156, up 11.43% from 140 in the previous year, with a higher proportion of master's degree holders[64]. - Research and development (R&D) investment amounted to ¥46,095,411.71, representing 11.96% of operating revenue, an increase from 11.05% in the previous year[66]. - The company has achieved significant progress in self-manufacturing, with a high proportion of non-standard key components produced in-house, enhancing its technological capabilities[46]. Governance and Management - The company held its annual general meeting on May 10, 2024, with an investor participation rate of 34.44%[112]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[101]. - The company has established a fair and transparent performance evaluation system for senior management, ensuring compliance with legal regulations[104]. - The company maintains complete independence in assets, personnel, finance, organization, and business from its controlling shareholders and actual controllers[106]. - The company has a fully independent financial department with a standardized accounting system and independent decision-making capabilities[108]. Employee and Compensation - The total number of employees at the end of the reporting period was 810, with 509 in production, 156 in technical roles, and 38 in sales[143]. - The company has established a training system focusing on management awareness and skills improvement, offering various training programs including safety and management training[146]. - The company's remuneration policy is based on fairness and performance, linking employee income to the company's economic performance[145]. - The compensation for directors, supervisors, and senior management has been approved by the board and will be presented at the 2023 annual shareholders' meeting[130][131]. Financial Management - The company has a total of 204 employees with a bachelor's degree or higher, representing a significant portion of the workforce[144]. - The company has a total of 11,056 common stock shareholders at the end of the reporting period, compared to 13,885 at the beginning of the year[200]. - The company has a total of 2,400,000 shares held by shareholder Cen Hong, with no shares pledged or frozen[200]. - The company has a total of 2,312,800 shares held by Wang Chaoxiang, with no shares pledged or frozen[200]. - The company has a total of 2,091,000 shares held by Chen Sili, with 1,568,250 shares pledged[200]. Compliance and Risk Management - The internal control system has been established in accordance with relevant laws and regulations, ensuring compliance and safeguarding investor rights[151]. - The audit department operates independently and is responsible for auditing the company's operational and financial safety, enhancing internal supervision and risk control[152]. - There were no significant internal control deficiencies identified during the reporting period[156]. - The company does not belong to the key pollutant discharge units as published by environmental protection authorities[158]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[158].