通达动力(002576) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was CNY 1,675,249,691.23, a slight decrease of 0.00% compared to CNY 1,675,311,099.74 in 2023[19] - Net profit attributable to shareholders for 2024 was CNY 66,497,343.62, representing a decline of 24.44% from CNY 88,010,593.48 in 2023[19] - The net profit after deducting non-recurring gains and losses was CNY 59,238,775.64, down 28.18% from CNY 82,480,213.92 in the previous year[19] - Basic earnings per share for 2024 were CNY 0.40, a decrease of 24.53% compared to CNY 0.53 in 2023[19] - The weighted average return on equity for 2024 was 5.41%, down from 7.59% in 2023, reflecting a decrease of 2.18%[19] - The company reported a total of ¥7.26 million in non-recurring gains for 2024, compared to ¥5.53 million in 2023, indicating a positive trend in non-operating income[24] - The company achieved a net profit attributable to shareholders of 66,497,343.62 CNY for the year 2024, with a parent company net profit of 4,575,203.72 CNY[114] - The total distributable profit for the parent company as of December 31, 2024, is 173,277,908.60 CNY, after accounting for a legal surplus reserve of 457,520.37 CNY and cash dividends of 9,080,500.00 CNY[114] Cash Flow - The net cash flow from operating activities decreased significantly by 69.74% to CNY 103,098,620.69 from CNY 340,692,922.98 in 2023[19] - The net cash flow from financing activities increased by 136.98% to ¥54,386,979.63, attributed to a reduction in bank loan repayments[55] - Cash inflows from operating activities decreased to CNY 947,731,779.54 from CNY 1,136,414,176.79, reflecting a reduction of approximately 16.6%[195] - The net cash flow from investment activities is -CNY 15,249,363.56, an improvement from -CNY 73,019,576.09 in the previous year[196] - The net cash flow from operating activities is CNY 103,098,620.69, down from CNY 340,692,922.98, representing a decline of about 69.7%[196] Assets and Liabilities - Total assets at the end of 2024 increased by 24.10% to CNY 2,092,988,515.37 from CNY 1,686,524,953.55 in 2023[19] - Total liabilities increased to ¥846,744,472.41 from ¥498,041,816.99, marking a rise of about 70%[187] - Total current assets increased to ¥1,716,292,815.96 from ¥1,340,109,236.74, representing a growth of approximately 28%[185] - Cash and cash equivalents rose to ¥477,232,494.08 from ¥266,817,012.14, an increase of about 79%[185] - Accounts receivable increased to ¥634,911,798.23 from ¥451,659,465.63, reflecting a growth of approximately 41%[185] Research and Development - Research and development expenses decreased by 17.67% to ¥46,654,771.15 in 2024 from ¥56,669,749.83 in 2023[50] - The company completed several R&D projects aimed at enhancing product quality and manufacturing efficiency, including new technologies for electric motors[51] - The company emphasizes talent development, establishing a stable R&D team and collaborating with Nanjing University of Science and Technology to enhance innovation capabilities[40] Market Position and Strategy - The company is positioned in a mature industry with a strong market presence in electric motor and generator production, with an annual silicon steel sheet production capacity exceeding 200,000 tons[28] - The company is actively expanding its product range, including high-efficiency motors and components for renewable energy applications, to meet growing market demands[32] - The company aims to enhance its market competitiveness through internationalization, automation, and information technology strategies[71] - The company is focusing on expanding into new markets such as electric vehicles and servo motors to drive growth[75] Corporate Governance - The company has established a complete independent financial management system, with no mixed tax situations reported[89] - The company maintains a fully independent operational structure, with no reliance on the controlling shareholder for business activities[85] - The company has a total of 5 board members, including 2 independent directors, ensuring compliance with legal requirements[80] - The company has a supervisory board consisting of 3 members, including one employee representative, ensuring effective oversight[81] Shareholder Information - The company plans to distribute cash dividends of 0.80 CNY per 10 shares, totaling 13,208,000.00 CNY, which represents 100% of the profit distribution[112] - The total number of shares is 165,100,000, with 98.06% (161,902,771 shares) being unrestricted shares and 1.94% (3,197,229 shares) being restricted shares[160] - The largest shareholder, Nantong Yida Enterprise Management Consulting Co., Ltd., holds 27.95% of the total shares, equating to 46,150,000 shares[162] Internal Control and Compliance - The internal control system has been continuously improved to adapt to changing external environments and internal management requirements, ensuring effective asset protection[117] - The company has not identified any significant internal control deficiencies during the reporting period[118] - The company has established and implemented internal controls in accordance with relevant regulations and guidelines[123] Social Responsibility - The company actively engages in social responsibility initiatives, including educational support and employee welfare programs[129] - The company emphasizes a business philosophy that prioritizes environmental sustainability and resource conservation[129]