Leedarson IoT(SH:605365)2025-04-21 11:05Financial Performance - The company's operating revenue for 2024 reached ¥6,806,735,952.21, representing a 1.88% increase compared to ¥6,681,124,843.89 in 2023 [24]. - Net profit attributable to shareholders increased by 33.25% to ¥417,878,947.99 in 2024 from ¥313,598,430.62 in 2023 [24]. - The basic earnings per share rose by 33.55% to ¥0.832 in 2024, compared to ¥0.623 in 2023 [25]. - The company's total assets grew by 11.06% to ¥6,676,172,240.31 at the end of 2024, up from ¥6,011,143,692.07 at the end of 2023 [24]. - Cash generated from operating activities decreased by 47.69% to ¥359,931,043.31 in 2024, down from ¥688,132,147.85 in 2023 [24]. - The weighted average return on equity increased by 2.25 percentage points to 11.47% in 2024, compared to 9.22% in 2023 [25]. - The net profit attributable to shareholders for Q4 2024 was ¥139,001,265.90, showing a significant increase from previous quarters [26]. - The company reported non-recurring gains of ¥58,115,420.06 in 2024, compared to ¥34,350,881.42 in 2023 [28]. - The company's net assets attributable to shareholders increased by 7.50% to ¥3,786,166,553.65 at the end of 2024, compared to ¥3,522,173,024.68 at the end of 2023 [24]. - In 2024, the company achieved a total revenue of 6.807 billion yuan, a year-on-year increase of 1.88%, and a net profit attributable to shareholders of 418 million yuan, up 33.25% year-on-year [32]. Dividend Policy - The company plans to distribute a cash dividend of CNY 0.42 per share (including tax), totaling approximately CNY 210.70 million based on the adjusted total share capital of 501,665,462 shares [6]. - The company does not plan to issue bonus shares or convert capital reserves into share capital for the 2024 fiscal year, with remaining undistributed profits carried forward to the next year [6]. - The company has established a cash dividend policy that emphasizes sustainable profit distribution while considering the rights of minority shareholders [123]. - The company commits to a cash dividend policy, ensuring that annual cash dividends will not be less than 10% of the distributable profits for the year if there are no major investment plans or cash expenditures [153]. - Over the last three years, the cumulative cash distribution must not be less than 30% of the average annual distributable profits [153]. Corporate Governance - The company has received a standard unqualified audit opinion from Yongcheng Accounting Firm [5]. - The board of directors and supervisory board members have all attended the board meeting, ensuring the integrity of the annual report [4]. - The company has not violated decision-making procedures for providing guarantees [9]. - The company has established an effective investor communication mechanism, utilizing various channels to provide information to investors [94]. - The company held 4 shareholder meetings during the reporting period, approving 16 proposals, ensuring compliance with relevant laws and regulations [92]. - The board of directors consists of 9 members, including 3 independent directors, and held 4 meetings during the reporting period, with all decisions made in accordance with regulations [93]. Research and Development - The company has optimized its R&D center layout, with four major centers in Xiamen, Zhangzhou, Shenzhen, and Xi'an, enhancing business synergy [33]. - The company has a strong focus on R&D innovation, with a dedicated team and a national-level technology center supporting its development efforts [50]. - The company's R&D expenses amounted to 383 million RMB, a decrease of 14.46% from the previous year [54]. - The company has been deeply involved in the IoT sector since 2016, focusing on cloud platforms, wireless modules, AI algorithms, and smart hardware development, which has become a key driver of its performance [40]. - The company aims to enhance customer value and user experience through its self-developed Arnoo platform, which provides customized solutions in the smart living sector [40]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth [31]. - The company is accelerating the construction of its Thailand base and enhancing its overseas supply chain capabilities to improve delivery and customer service [32]. - The company is actively developing cross-border e-commerce business to expand its market reach [34]. - The company aims to focus on smart management and smart living, establishing a dual business model of brand OEM and domestic-international dual circulation [84]. - The company plans to expand its overseas market while enhancing its domestic brand presence, with a strategy to build a manufacturing base in Thailand [86]. Social Responsibility - The company has invested 510.23 million yuan in poverty alleviation and rural revitalization projects during the reporting period [143]. - The company has actively engaged in environmental responsibility, ensuring compliance with environmental laws and regulations without any violations [138]. - Total donations for social responsibility projects amounted to 736.18 million yuan, including 580.67 million yuan in cash donations and 155.51 million yuan in material donations [142]. - The "Pointing China Rural Areas" project has benefited 65,019 people and improved lighting in 1,427 classrooms across 40 counties [144]. - The foundation aims to continue its focus on rural education in 2024 [145]. Risks and Challenges - The company faces risks from trade friction, currency fluctuations, and raw material price volatility, which could impact its global operations [88]. - The company reported a significant increase in tax payable by 182.92% to ¥63,201,855.20 due to higher corporate income tax [70]. - The company has implemented measures such as advance ordering and price locking for certain raw materials to control procurement cost increases amid price volatility [89]. Shareholder Information - The largest shareholder, Li Jianghuai, holds 121,500,000 shares, accounting for 24.20% of the total shares [191]. - The second-largest shareholder, Li Xiaofan, holds 119,560,950 shares, representing 23.82% of the total shares [191]. - The company has 15,305 common stock shareholders as of the end of the reporting period, an increase from 14,118 [188]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 1,004.74 million yuan [106]. - The company has committed to follow the stock price stabilization plan approved by the shareholders' meeting for three years post-listing [152].