LZJT(SZ:300428)2025-04-20 07:36Dividend Distribution - The company plans to distribute a cash dividend of 3.37 CNY per 10 shares (including tax) to all shareholders, based on a total share capital of 630,664,402 shares after deducting repurchased shares[4] - The company will distribute a cash dividend of RMB 3.37 per 10 shares, amounting to a total of RMB 212,533,903.47 (including tax) based on a share capital of 630,664,402 shares[190] - The cash dividend distribution plan is consistent with the company's articles of association and has been approved by the shareholders' meeting[189] - The company’s profit distribution plan is fully compliant with relevant regulations and has been transparently communicated to shareholders[189] Financial Performance - The company's operating revenue for 2024 reached ¥27.25 billion, an increase of 16.61% compared to ¥23.36 billion in 2023[21] - Net profit attributable to shareholders for 2024 was ¥707.12 million, up 16.77% from ¥605.55 million in 2023[21] - The net profit after excluding non-recurring gains and losses was ¥607.68 million, reflecting a 17.09% increase from ¥518.99 million in 2023[21] - The total assets at the end of 2024 amounted to ¥21.43 billion, representing a 14.45% growth from ¥18.72 billion at the end of 2023[21] - The total net assets attributable to shareholders increased to ¥7.25 billion in 2024, an 8.90% rise from ¥6.66 billion in 2023[22] - The company reported a negative cash flow from operating activities of ¥444.68 million in 2024, a decline of 146.26% compared to a positive cash flow of ¥961.16 million in 2023[21] - Basic earnings per share for 2024 were ¥1.12, an increase of 15.46% from ¥0.97 in 2023[21] Risk Management - The company emphasizes the importance of risk management and encourages investors to pay attention to potential risks and countermeasures outlined in the report[4] - The company faces macroeconomic risks, particularly related to the automotive industry, which is sensitive to economic fluctuations[131] - The company is exposed to international trade environment risks, including tariff changes and geopolitical barriers that could impact export revenues[132] - The company’s production relies on electrolytic aluminum and recycled aluminum, with prices linked to market fluctuations, which could affect operational costs[133][134] - The company is implementing measures to mitigate foreign exchange risks due to fluctuations in the RMB/USD exchange rate and has subsidiaries in multiple countries[135] Research and Development - The company has established 15 national and provincial-level enterprise technology centers and three international product technology R&D centers in the UK, Sweden, and Thailand, strengthening its R&D capabilities[128] - The company has a research and development team of over 50 members in the functional intermediate alloy new materials sector, maintaining industry-leading product development capabilities[57] - The company has established multiple research platforms, including national and provincial technology innovation centers, to enhance its R&D capabilities[59] - The company has filed for 2 invention patents in collaboration with a thermal management system company, achieving 3 new material results in the development of alternative die-casting alloys[85] Production and Sales - The company produced 2.142 million aluminum alloy wheels, a decrease of 0.48% compared to 2.152 million in the same period last year[48] - Sales volume of aluminum alloy wheels was 2.097 million, down 1.08% from 2.120 million in the previous year[48] - The production of other lightweight aluminum alloy die-cast parts increased by 35.91%, reaching 159,000 units compared to 117,000 units last year[48] - The sales volume of other lightweight aluminum alloy die-cast parts also rose by 37.82%, totaling 150,000 units compared to 109,000 units last year[48] Corporate Governance - The company’s board of directors and management have confirmed the accuracy and completeness of the annual report, taking legal responsibility for its content[4] - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with governance regulations[144] - The company maintains independence from its controlling shareholder, ensuring no interference in decision-making or operations[143] - The company has established an effective performance evaluation and incentive mechanism for senior management and key personnel, aligning interests with shareholders[147] Market Expansion and Strategy - The company plans to expand its market presence and is focusing on new product development and technological advancements to drive future growth[159] - The company is committed to enhancing its ESG initiatives and has reported on its progress in this area during investor meetings[136] - The company is actively implementing the "Quality Return Dual Improvement" action plan, aimed at enhancing investor confidence and company quality[139] - The company is focusing on cash management using idle funds, which may improve liquidity and operational efficiency[171] Investment and Financial Management - The company has significant restricted assets totaling ¥2,423,261,842.26, primarily due to various pledges and borrowings[99] - The total investment during the reporting period was ¥2,477,402,245.24, a decrease of 3.04% compared to ¥2,555,085,472.36 in the previous year[100] - The company plans to use up to CNY 10,000 million of idle raised funds for cash management, ensuring that it does not affect the normal operation of investment projects[108] - The company has raised 26,980 million for working capital, with an actual investment of 25,916.18 million, achieving 100.35% of the planned investment[114] Employee Management - The total number of employees at the end of the reporting period was 12,032, with 8,546 in production, 250 in sales, and 1,037 in technical roles[181] - The company has implemented a comprehensive salary management system, including base salary, performance pay, and year-end bonuses, to enhance employee satisfaction[182] - The company has zero retired employees requiring financial support, indicating a focus on workforce stability[181] - The company has revised the compensation policies for overseas subsidiaries, enhancing competitiveness in the international market[183]