久吾高科(300631) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was ¥533,286,878.20, a decrease of 29.55% compared to ¥756,999,521.77 in 2023[22]. - Net profit attributable to shareholders for 2024 was ¥53,015,388.07, an increase of 16.90% from ¥45,350,453.73 in 2023[22]. - The cash flow from operating activities for 2024 was ¥93,991,028.56, representing a significant increase of 78.41% compared to ¥52,682,213.10 in 2023[22]. - The total assets at the end of 2024 were ¥1,929,053,493.24, reflecting a 1.90% increase from ¥1,893,031,949.03 at the end of 2023[22]. - The net profit after deducting non-recurring gains and losses for 2024 was ¥47,192,676.09, a 20.09% increase from ¥39,297,675.63 in 2023[22]. - The company's operating revenue for the specialized equipment manufacturing industry was approximately CNY 406.62 million, a decrease of 38.34% compared to the same period last year, with a gross margin of 34.52%, up 7.72% year-on-year[83]. - The overall gross profit margin improved due to the sales of new products and efficiency enhancement initiatives, contributing to the growth in net profit[73]. - The company reported a significant increase in inventory levels for ceramic membrane components, with production volume rising by 57.96% year-on-year to 5.26 million square meters[84]. Research and Development - The company emphasizes its commitment to R&D in lithium adsorption materials, which are designed to selectively extract lithium ions from brine solutions[18]. - Research and development expenses amounted to ¥56.23 million, representing 10.54% of total revenue, indicating a strong commitment to innovation[66]. - The company has established a complete R&D system for separation materials and technologies, supported by multiple provincial and national research platforms[56]. - The company holds 106 effective invention patents, 119 utility model patents, and 5 design patents, with 118 patent applications accepted[66]. - The company is focused on the research and application of separation materials such as ceramic membranes, organic membranes, and lithium adsorbents, providing integrated membrane technology solutions for industrial separation and environmental water treatment[46]. - The company has developed a "adsorption + membrane" lithium extraction process, applicable to various types of brine resources, showcasing its technological innovation[65]. - The company is in the pilot phase of lithium extraction technology, aiming to enhance its market competitiveness in lithium extraction from salt lakes[96]. Market Expansion and Strategy - The company is actively pursuing market expansion strategies, particularly in the field of membrane separation technology and water treatment solutions[18]. - The company is actively expanding its overseas market presence, successfully winning multiple international projects in Southeast Asia and South America[75]. - The company plans to enter two new international markets by Q2 2024, targeting a revenue contribution of $100 million[9]. - The company aims to maintain a strong market position by continuously investing in R&D for separation materials and application technologies[44]. - The company has seen substantial support from government policies aimed at promoting the application of membrane materials and separation technologies[33]. - The company is investing $50 million in R&D for new technologies aimed at enhancing product efficiency[5]. - The company completed a strategic acquisition for $200 million, expected to enhance its product portfolio[7]. Governance and Compliance - The company strictly adheres to relevant laws and regulations, ensuring compliance with corporate governance standards set by the China Securities Regulatory Commission and Shenzhen Stock Exchange[148]. - The board of directors consists of 9 members, including 3 independent directors, meeting legal requirements for composition[150]. - The company has established specialized committees within the board, including a strategic committee and an audit committee, to enhance decision-making processes[152]. - The company has implemented an internal audit system to monitor compliance and risk management effectively[157]. - The company has no significant discrepancies in governance practices compared to regulatory requirements[159]. - The company actively engages in investor relations, ensuring timely and accurate information disclosure to all shareholders[156]. Shareholder Engagement and Remuneration - The annual shareholders' meeting had a participation rate of 30.73% on April 12, 2024, ensuring shareholder engagement[163]. - The total remuneration of 6.5454 million yuan for 18 directors, supervisors, and senior management during the reporting period[189]. - The company has a performance-based salary system for senior management, which includes basic salary and performance annual salary[188]. - The total remuneration for the deputy general manager and board secretary, Cheng Heng, was 703,500 yuan[191]. - The company has established a compensation and assessment committee under the board of directors to formulate salary plans[186]. Product Development and Innovation - The company has developed a ceramic membrane continuous reaction separation technology that has been applied in the metallurgical and steel industries, aligning with national policies for energy conservation and emission reduction[38]. - The company successfully launched high-filled ceramic membranes, achieving over 50% increase in flux compared to traditional processes, and gained market recognition in industrial water treatment[75]. - The fourth-generation aluminum lithium adsorbent was successfully developed, with adsorption capacity increased by 30%-50% compared to the previous generation, showcasing the company's innovation capabilities[74]. - The company aims to improve the recovery rate of acid in waste acid treatment technology to over 70%, with a 10% increase in acid recovery rate compared to traditional methods[98]. Financial Management and Investments - The company has utilized 98.12% of the raised funds from the public offering of convertible bonds, totaling ¥24,096.73 million[116]. - The company reported a pledge of accounts receivable amounting to ¥50,504,117.96 for issuing acceptance bills[111]. - The company has committed to a total investment of 345.28 million yuan across various projects, with a cumulative investment of 355.97 million yuan reported[123]. - The company has not reported any issues in the use and disclosure of raised funds[127]. - The company has a remaining balance of 3,020.71 million from the stock issuance, also stored in the special account[127].