龙利得(300883) - 2024 Q4 - 年度财报

Financial Performance - The company achieved operating revenue of ¥815,839,279.18, an increase of 14.46% compared to the same period last year[18]. - The net profit attributable to shareholders was -¥3,780,908.83, improving by 46.55% year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥7,890,471.39, an increase of 18.23% from the previous year[18]. - The company reported a net cash flow from operating activities of ¥128,548,393.58, a decrease of 13.76% compared to the previous year[18]. - The total assets at the end of 2024 were ¥2,255,160,109.34, reflecting a growth of 5.47% year-on-year[18]. - The net assets attributable to shareholders were ¥1,418,212,879.99, a slight increase of 0.66% from the previous year[18]. - The company’s basic and diluted earnings per share were both -¥0.0110, improving by 46.60% year-on-year[18]. - The company's revenue for Q4 2023 reached approximately $245.28 million, showing a growth of 44.1% compared to Q1 2023[20]. - The net profit attributable to shareholders for Q4 2023 was approximately -$8.95 million, indicating a significant decline from a profit of approximately $5.17 million in Q1 2023[20]. - The net cash flow from operating activities in Q4 2023 was approximately $135.17 million, a substantial increase from -$72.21 million in Q2 2023[20]. Market Trends - The global packaging market is projected to reach $1.24 trillion in 2024, with a compound annual growth rate (CAGR) of 3.16% expected until 2034[27]. - The Chinese packaging industry is forecasted to achieve revenues of approximately $1.195 trillion in 2024, with a CAGR of 3.56% over the next five years[31]. - The number of large-scale packaging printing enterprises in China reached 10,441 in 2023, reflecting a growth of approximately 7.9% from 2022[32]. - The industry concentration in China remains low, with the CR3 at 3.82% and CR10 at 9.65%, indicating a fragmented market[32]. Company Strategy and Operations - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company is actively involved in digital transformation, utilizing cloud technology, big data analysis, and artificial intelligence to optimize production processes[33]. - The company is focusing on green technology development, responding to policies promoting eco-friendly packaging and green printing[33][34]. - The company is expanding its market presence with the launch of the "Longlide Cultural Innovation Park," enhancing its position as a comprehensive packaging solution provider[40]. - The company is set to launch the first phase of the Longlide Green Intelligent Cultural Innovation Park in 2025, which will leverage digital technologies like big data and IoT[40]. - The company is adapting to consumer demand for personalized packaging due to the rapid growth of e-commerce, with a projected express delivery volume of 1.745 billion packages in 2024[35]. - The company is committed to integrating ESG principles into its production processes, focusing on sustainable materials and green packaging technology[38]. - The tightening of environmental regulations is driving the company's green transformation efforts, aligning with national goals for carbon neutrality[34]. Research and Development - The company holds nearly 300 authorized patents, including over 20 invention patents, reflecting its strong R&D capabilities[39]. - The company has achieved a 44.51% increase in revenue from overseas markets, totaling ¥31,678,790.59 compared to ¥21,921,383.66 in the previous year[56]. - Research and development expenses increased by 5.74% year-on-year, totaling ¥33,725,460.42[64]. - The company is currently in small-scale trial production for a project aimed at enhancing the pressure and shock resistance of pharmaceutical packaging boxes[65]. - The company is leading in domestic development of various packaging technologies, including high-durability and high-pressure cup holders, which enhance product competitiveness[66]. Environmental and Social Responsibility - The company has implemented strict raw material control to avoid pollution and ensure compliance with environmental standards[160]. - Advanced technologies such as digital sampling have been introduced to enhance production efficiency while reducing waste emissions[161]. - The company actively promotes low-carbon products by using eco-friendly inks and improving production processes to minimize harmful gas emissions[161]. - The company has established a comprehensive waste management system to maximize resource utilization and minimize environmental impact[160]. - The company emphasizes employee rights and well-being, adhering to labor laws and maintaining a focus on health and safety[166]. - The company engages in social responsibility initiatives, contributing to local economic revitalization, such as donating down jackets to Qinghai[169]. Governance and Management - The company has established a complete and independent asset system, ensuring all necessary assets are legally owned or used, which supports stable operations[111]. - The company maintains a clear independence from its controlling shareholders in terms of business operations, asset ownership, and financial management, avoiding potential conflicts of interest[110]. - The company has a dedicated investor relations management department, enhancing communication with investors and improving its reputation[109]. - The company has implemented a robust financial management system, ensuring independent financial decision-making and compliance with tax obligations[114]. - The company has established a sound internal management structure, ensuring efficient collaboration and clear division of responsibilities[115]. Shareholder Engagement - The company has held three shareholder meetings during the reporting period to ensure equal rights for all shareholders, particularly minority shareholders[103]. - The company held 6 supervisory board meetings during the reporting period, effectively fulfilling its supervisory role to ensure healthy development[107]. - The company has an employee stock ownership plan involving 69 employees holding a total of 3,956,387 shares, representing 1.14% of the total share capital[151]. - The independent directors have fulfilled their responsibilities and provided clear opinions on the profit distribution plan, ensuring compliance with company regulations[149]. Future Outlook - The company’s future outlook includes a focus on business development and operational funding needs, which influenced the decision to forgo dividend distribution for 2024[150]. - The company is committed to continuous improvement in safety management and environmental protection through technological innovation and management optimization[168].