晶合集成(688249) - 2024 Q4 - 年度财报

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year 2023, representing a 25% year-over-year growth[23]. - The company's operating revenue for 2024 reached ¥9,249,252,348.20, representing a year-over-year increase of 27.69% compared to ¥7,243,541,372.63 in 2023[24]. - Net profit attributable to shareholders increased by 151.78% to ¥532,840,611.25 from ¥211,629,145.60 in the previous year[26]. - The net profit after deducting non-recurring gains and losses surged by 736.77% to ¥394,366,803.85, up from ¥47,129,534.95 in 2023[26]. - The gross margin improved to 40%, up from 35% in the previous year, reflecting better cost management and pricing strategies[23]. - The company achieved operating revenue of 924,925.23 million RMB, a year-on-year increase of 27.69%[36]. - Net profit reached 48,219.63 million RMB, up 304.65% compared to the previous year[36]. - The gross profit margin for 2024 is 25.50%[36]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 1.00 CNY per 10 shares, totaling approximately 194.40 million CNY (including tax) based on a total share capital of 2,006,135,157 shares, after deducting 62,088,500 shares in the repurchase account[5]. - The total amount for cash dividends and share repurchases is approximately 1,086.08 million CNY, which represents 203.83% of the net profit attributable to shareholders for the year[5]. - The cash dividend and repurchase amount, excluding repurchased shares for cancellation, is 194.40 million CNY, accounting for 36.48% of the net profit attributable to shareholders[5]. - The profit distribution plan is subject to approval by the shareholders' meeting[6]. Research and Development - The company plans to invest 200 million RMB in new technology development over the next two years, focusing on advanced manufacturing processes[23]. - Research and development expenses accounted for 13.88% of operating revenue, a slight decrease of 0.72 percentage points from 14.60% in 2023[25]. - The total R&D expenditure for the year reached ¥1,283,975,169.14, representing a 21.41% increase compared to the previous year[59]. - The company has successfully mass-produced 150nm to 55nm process platforms and achieved small-scale production of 40nm high-voltage OLED display driver chips[37]. - The company has obtained 249 new invention patents and 76 utility model patents during the reporting period, bringing the total to 1,003 patents[37]. Market Expansion and Strategy - The company is expanding its market presence, targeting international markets with a focus on Europe and North America, aiming for a 20% increase in overseas sales[23]. - The company is actively expanding its market presence and enhancing operational efficiency through strategic development and innovation[36]. - The company aims to enhance its product structure and increase revenue from OLED, high-end CIS, and PMIC products[121]. - The company plans to accelerate the development of automotive chips to meet domestic demand and enhance its market presence[121]. - The company will focus on expanding overseas markets to diversify its market presence and increase its share in the foundry sector[122]. Corporate Governance - The company has established a governance structure that includes a board of directors and various committees to ensure effective decision-making and compliance with regulations[126]. - The company held 1 annual general meeting and 1 extraordinary general meeting during the reporting period, with all resolutions passed and no resolutions rejected[128]. - The company’s governance procedures for the shareholder meetings complied with relevant laws and regulations, ensuring the legality and validity of the meeting[128]. - There were no significant changes in the company's governance structure or related party transactions during the reporting period[127]. - The company has not faced any major adverse impacts from competition with controlling shareholders or related parties[127]. Environmental and Sustainability Efforts - The company is committed to sustainable development and has integrated ESG considerations into its management practices[183]. - The company implemented approximately 20 targeted energy-saving measures in 2024, resulting in a total energy savings of about 3.9 million kWh[184]. - The company reduced carbon dioxide emissions by approximately 1,507 tons in 2024 through various energy-saving actions[184]. - The company achieved a water savings of approximately 292,000 tons in 2024, leading to a cost reduction of about 992,800 yuan[184]. - The company received an ESG rating of BBB from WIND, maintaining the same rating as the previous year[186]. Operational Efficiency - The company has established partnerships with key industry players to enhance supply chain efficiency and reduce production costs[23]. - The company has implemented smart manufacturing systems, enhancing operational efficiency and cost competitiveness through AI integration in production processes[68]. - The company reported a significant increase in gross profit margin due to higher production capacity utilization and lower unit sales costs[26]. - The company’s inventory at the end of the reporting period was valued at 150,332.06 million RMB, representing 2.98% of total assets, with a provision for inventory depreciation of 3,989.96 million RMB[74]. Employee Management - The company has a total of 5,348 employees, with 2,931 in manufacturing, 105 in sales, and 1,866 in research and development[160][161]. - The company emphasizes employee training, focusing on professional skills and management capabilities to enhance workforce competency[163]. - The company adheres to national labor laws and regulations in its compensation policies, ensuring compliance with social security and medical insurance requirements[162].