Financial Performance - The company's operating revenue for 2024 was ¥162,000,352.95, a decrease of 18.70% compared to ¥199,260,140.33 in 2023 [16]. - The net profit attributable to shareholders for 2024 was ¥51,603,407.24, down 33.68% from ¥77,807,181.07 in 2023 [16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥28,704,349.24, a decline of 55.09% from ¥63,919,739.72 in 2023 [16]. - The net cash flow from operating activities increased by 26.54% to ¥50,104,450.34 in 2024, compared to ¥39,596,391.38 in 2023 [16]. - The total assets at the end of 2024 were ¥1,543,851,598.21, reflecting a 2.31% increase from ¥1,508,920,886.52 at the end of 2023 [16]. - The net assets attributable to shareholders at the end of 2024 were ¥1,502,496,994.19, up 3.00% from ¥1,458,692,986.95 at the end of 2023 [16]. - The basic earnings per share for 2024 was ¥0.8337, a decrease of 44.75% from ¥1.5089 in 2023 [16]. - The weighted average return on equity for 2024 was 3.49%, down from 10.40% in 2023, indicating a significant decline in profitability [16]. - The company's consolidated revenue for 2024 was CNY 162 million, a decrease of 18.70% year-over-year [76]. - Net profit attributable to shareholders was CNY 51.6 million, down 33.68% compared to the previous year [76]. Dividend Policy - The company plans to distribute a cash dividend of 1.62 RMB per 10 shares to all shareholders, based on a total of 61,900,000 shares [3]. - The cash dividend distribution plan complies with the company's articles of association and shareholder resolutions, with 100% of the profit distribution allocated to cash dividends [179]. - The total cash dividend amount, including other methods, is RMB 10,027,800, representing 100% of the total profit distribution [179]. - The company has not proposed any stock bonus or capital reserve transfer to increase share capital, with remaining undistributed profits carried forward to the next year [178]. - The company will strictly adhere to the profit distribution policy as outlined in the "Articles of Association" and the "Three-Year Shareholder Dividend Return Plan" post-listing [195]. Market and Industry Trends - The company operates in the "C40 Instrument Manufacturing" industry, focusing on non-destructive testing technologies widely used in various sectors [25]. - The global NDT market was valued at approximately $8.3 billion in 2018 and is projected to reach $12.6 billion by 2024, with ultrasonic testing expected to hold the largest market share [30]. - The demand for non-destructive testing equipment in China is anticipated to grow due to the increasing emphasis on product quality and the non-destructive nature of these testing methods [30]. - Future ultrasonic non-destructive testing technology is expected to evolve towards higher resolution and faster detection speeds to meet industrial requirements [32]. - Customized detection methods and equipment tailored to specific client needs are becoming a trend in ultrasonic non-destructive testing, enhancing the technology's applicability and value [33]. - The demand for automated non-destructive testing equipment is rising as industries seek to integrate automation and intelligence into their processes [35]. Research and Development - In 2024, the company's R&D investment reached 38.40 million yuan, an increase of 13.94% compared to the previous year, accounting for 23.70% of operating revenue [66]. - The company holds a total of 66 patents, including 24 invention patents and 43 software copyrights, as of the end of December 2024 [69]. - The company has maintained a high level of R&D intensity, participating in national key research and development plans to tackle core technologies in ultrasonic testing [68]. - The company has established a professional application technology team to innovate specific testing solutions, such as the liquid cooling plate immersion detection system for power batteries and servers [71]. - Future R&D will focus on non-destructive evaluation, in-service monitoring, and big data analysis, with an emphasis on improving product performance and reliability [115]. Corporate Governance - The company has established a strong governance structure with independent oversight from its board of directors [153]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements [133]. - The company maintains complete independence from its controlling shareholders in terms of assets, personnel, finance, organization, and business operations [141]. - The company has established an independent accounting system and financial management structure, ensuring financial independence from controlling shareholders [144]. - The company has a diverse management team with backgrounds in finance, engineering, and law, enhancing its operational capabilities [156]. Risk Management - The management discussion section details potential risks in operations and corresponding mitigation strategies [3]. - The company faces risks from economic cycle fluctuations, which could impact market demand for non-destructive testing equipment due to the long procurement cycles of customers [121]. - The company emphasizes the importance of continuous R&D investment to maintain technological innovation, as failure to do so could hinder the timely launch of new products [122]. - The company has a risk of talent loss due to high competition for skilled personnel in the non-destructive testing industry, which could negatively affect ongoing R&D projects [124]. Investor Relations - The company has a dedicated contact for investor relations, ensuring effective communication with stakeholders [13]. - The company has established a dedicated investor hotline and email for communication, ensuring transparency and accessibility for shareholders [189]. - The company is focused on protecting the rights of shareholders, employees, suppliers, and customers, enhancing its corporate image and social responsibility [188]. - The company has a structured approach to investor relations, utilizing online platforms for engagement [189]. Environmental and Social Responsibility - The company has taken measures to reduce carbon emissions, although specific details were not disclosed [188]. - The company has not reported any significant environmental penalties during the reporting period [188]. - The company emphasizes talent development and conducts various training programs for new employees, including onboarding, confidentiality, and job-specific training [176]. - Regular safety training is provided for production staff, and management and technical personnel are encouraged to participate in external training [177].
多浦乐(301528) - 2024 Q4 - 年度财报