恒基达鑫(002492) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was CNY 343,131,529.40, a decrease of 12.87% compared to CNY 393,797,871.75 in 2023[17] - The net profit attributable to shareholders for 2024 was CNY 65,107,870.90, down 43.66% from CNY 115,553,376.10 in 2023[17] - The net profit after deducting non-recurring gains and losses was CNY 53,513,817.46, a decline of 46.92% compared to CNY 100,814,933.38 in 2023[17] - Basic earnings per share for 2024 were CNY 0.1608, down 43.64% from CNY 0.2853 in 2023[17] - The company's total revenue for Q1 2024 was approximately CNY 93.49 million, with a decline to CNY 79.21 million in Q4 2024, representing a decrease of 15.2% quarter-over-quarter[21] - Net profit attributable to shareholders for Q1 2024 was CNY 24.53 million, which decreased to CNY 9.41 million in Q4 2024, reflecting a decline of 61.7%[21] - The company's main business revenue for the reporting period was CNY 297.9 million, a decrease of 12.90% year-on-year, with net profit attributable to shareholders dropping by 43.66% to CNY 65.1 million[46] - The total revenue for the year was CNY 343.1 million, with a 12.87% decline compared to the previous year[49] Cash Flow and Assets - The net cash flow from operating activities improved significantly to CNY 309,326,817.10, compared to a negative CNY 33,521,332.33 in 2023, marking a 1,022.78% increase[17] - The company's total assets at the end of 2024 were CNY 2,099,053,070.92, a slight increase of 1.70% from CNY 2,063,991,345.19 at the end of 2023[17] - Cash and cash equivalents at the end of 2024 amounted to ¥219,210,348.63, representing 10.44% of total assets, a decrease of 0.08% compared to the beginning of 2024[81] - The significant difference between net cash flow from operating activities (¥30,932.68 million) and net profit (¥6,510.79 million) was mainly due to various cash flow adjustments related to receivables and depreciation[76] Operational Efficiency and Costs - The company's main business costs were CNY 174.8 million, down 9.36% year-on-year, while financial expenses rose by 73.85% to CNY 7.93 million due to increased borrowing costs[46] - The gross profit margin for the main business of loading and unloading/terminal services was 58.29%, down by 3.97% year-on-year[52] - The company reported a significant increase in financial expenses, rising by 73.85% to CNY 7,930,220.34, primarily due to increased borrowing interest[59] Research and Development - The company invested in 19 R&D projects in 2024, resulting in the acquisition of 10 utility model patents, 4 invention patents, and 2 software copyrights[41] - The company’s R&D expenses decreased by 7.55% to CNY 15,863,105.60 compared to the previous year[59] - The number of R&D personnel decreased by 17.14% from 105 in 2023 to 87 in 2024, with a corresponding drop in the proportion of R&D staff from 17.53% to 11.37%[73] Market and Industry Outlook - The petrochemical storage industry is facing challenges such as geopolitical conflicts and trade protectionism, impacting market demand and cost pressures[25] - The petrochemical storage industry is expected to undergo structural changes due to national energy structure adjustments, with traditional petrochemical energy consumption projected to decline by 1% annually over the next six years[103] - By 2025, the company anticipates a shift in service direction and demand in the petrochemical storage industry, driven by the rise of non-petrochemical energy consumption[103] Safety and Environmental Compliance - The company aims for "zero accidents" in safety production and has implemented a comprehensive safety management system[39] - The company is classified as a key pollutant discharge unit by environmental protection authorities[163] - The company adheres to multiple environmental protection laws and standards, including the Environmental Protection Law and the Air Pollution Prevention Law[163] - The company has established an emergency response plan for sudden environmental incidents, which has been filed with the local environmental authority[176] Governance and Management - The company has a complete governance structure, including a shareholders' meeting, board of directors, and supervisory board, functioning independently[127] - The company maintains complete operational independence from its controlling shareholders in terms of business, personnel, assets, organization, and finance[126] - The company has established an independent financial department with a separate accounting system and bank accounts, ensuring no shared accounts with controlling shareholders[127] Shareholder Engagement and Dividends - The company plans to distribute a cash dividend of CNY 0.20 per 10 shares, based on a total of 403,443,100 shares[4] - The company maintained a cash dividend policy, distributing a total of 8,068,862.00 CNY, which represents 100% of the profit distribution total[154] - The net profit for the parent company in 2024 was 151,019,775.79 CNY, with a distributable profit of 518,465,704.96 CNY after accounting for the legal surplus reserve[154] Strategic Initiatives - The company plans to deepen its dual-driven business model of "storage tanks + warehouses" to promote high-quality development by leveraging digital and intelligent technologies[105] - The company is focusing on differentiated competition strategies to address intensified market competition, including the development of a diversified service system and strategic partnerships with leading refining enterprises[120] - The company is committed to digital transformation, which will provide strong momentum for sustainable development[64]