Miracll(300848)2025-04-21 10:50Financial Performance - The company reported a revenue of RMB 1.2 billion for the fiscal year 2024, representing a year-over-year growth of 15%[13]. - The company expects a revenue guidance of RMB 1.5 billion for the next fiscal year, indicating a projected growth of 25%[13]. - The company's operating revenue for 2024 reached ¥1,658,430,204.89, representing a 12.42% increase compared to ¥1,475,144,774.89 in 2023[18]. - In 2024, the company achieved a sales volume growth of 24.72% year-on-year, with total revenue reaching 1.658 billion yuan, a year-on-year increase of 12.42%[58]. - The net profit attributable to shareholders decreased by 11.70% to ¥77,588,496.69 in 2024 from ¥87,864,309.36 in 2023[18]. - The company reported a basic earnings per share of ¥0.19 for 2024, down 13.64% from ¥0.22 in 2023[18]. - The company's total inventory increased by 44.46% to 16,667.20 tons, compared to 11,537.76 tons in the previous year[67]. - The company’s sales volume increased by 24.72% to 100,849.84 tons in 2024, compared to 80,858.10 tons in 2023[67]. Dividend Distribution - The company plans to distribute a cash dividend of 0.7 yuan per 10 shares to all shareholders, based on a total of 427,887,627 shares[3]. - The company distributed cash dividends of RMB 1.00 per 10 shares, totaling RMB 31,860,677.20, and increased the share capital by 95,582,031 shares through a capital reserve conversion[112]. - Cumulative cash dividends over the past three years amounted to RMB 78.53 million, accounting for 74.02% of the average annual net profit attributable to shareholders[112]. - The company aims to distribute at least 30% of the average distributable profit over any three consecutive fiscal years as cash dividends[177]. - In mature stages without major capital expenditures, cash dividends should constitute at least 80% of the profit distribution[177]. Research and Development - The company is investing RMB 100 million in R&D for innovative polyurethane solutions over the next two years[13]. - The company invested a total of 91.0026 million yuan in R&D during the reporting period, focusing on enhancing existing product performance and exploring innovative product development[61]. - R&D investment for 2024 amounted to ¥91,002,551.51, representing 5.49% of operating revenue, an increase from 4.94% in 2023[74]. - The company has established a postdoctoral research workstation, marking a significant breakthrough in talent cultivation[60]. - The company is actively developing new applications for products in collaboration with clients, aiming to create new market demands[45]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in sales from this region by the end of 2025[13]. - New product development includes the launch of a high-performance TPU material, which is expected to capture a 10% market share in the specialty materials segment[13]. - The company is considering strategic acquisitions to bolster its product portfolio, with a budget of 100 million allocated for potential deals[131]. - Market expansion plans include entering two new international markets by Q2 2024, projected to increase overall market share by 5%[130]. - The company is expanding capacity rapidly, but underutilization risks exist if market demand does not meet expectations, impacting overall profitability[105]. Operational Efficiency - The gross margin for the current fiscal year improved to 35%, up from 30% in the previous year[13]. - The company has implemented a new CRM system aimed at improving customer engagement and retention rates by 15%[13]. - The company focuses on a sales-driven production model, ensuring production aligns with sales plans and maintaining a high level of automation[43]. - The company achieved a 20% reduction in operational costs due to improved efficiency measures implemented in Q3 2023[133]. - The company has established a centralized procurement model, with the main raw materials A, B, and C accounting for 18.08%, 12.71%, and 7.17% of total procurement respectively[47]. Risk Management - The company acknowledges risks including fluctuations in raw material prices, intensified market competition, and rising labor costs[3]. - The company anticipates intensified market competition, particularly from domestic and foreign players, and plans to increase R&D investment to maintain its competitive edge[100]. - The company faces risks from fluctuations in raw material prices, which significantly impact production costs and profitability[99]. - The company has established a systematic risk assessment framework to identify and evaluate internal and external risks[154]. Environmental Compliance - The company complies with multiple environmental protection laws and standards, including the Air Pollution Prevention and Control Law and the Water Pollution Prevention and Control Law[162]. - The company has implemented environmental impact assessments for all construction projects, ensuring compliance with regulations[163]. - The company has made significant investments in environmental protection, including the construction and operation of pollution control facilities, solid waste disposal, and environmental monitoring[169]. - The company has implemented effective pollution control measures, ensuring that all industrial wastewater and domestic sewage meet discharge standards before entering the municipal sewage system[166]. - The company has set a target to further reduce emissions and improve compliance with environmental regulations in the upcoming fiscal year[164]. Corporate Governance - The company has established a governance structure that includes a shareholders' meeting, board of directors, and supervisory board, ensuring compliance with relevant laws and regulations[114]. - The board of directors consists of 7 members, including 3 independent directors, adhering to legal and regulatory requirements[117]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations, ensuring a complete business system[121]. - The company has implemented a robust performance evaluation system for senior management, ensuring transparency and compliance with legal standards[118]. - The company prioritizes investor rights protection and high standards of information disclosure, ensuring fair access to information for all shareholders[119]. Employee Management - The total number of employees at the end of the reporting period was 651, with 295 in the parent company and 356 in major subsidiaries[145]. - The professional composition includes 347 production personnel, 39 sales personnel, 139 technical personnel, 9 financial personnel, and 117 administrative personnel[146]. - The company emphasizes a performance-oriented compensation system that maintains market competitiveness and internal fairness[147]. - The company has established a comprehensive training system to enhance employee skills and support business growth[148]. - The educational background of employees shows 72 with master's degrees or above, 231 with bachelor's degrees, 230 with associate degrees, and 118 with vocational or lower education[146].