RILAND(SZ:300154)2025-04-21 12:30Financial Performance - The company's operating revenue for 2024 was ¥1,014,837,241.49, a decrease of 11.73% compared to ¥1,149,731,232.35 in 2023[20]. - Net profit attributable to shareholders for 2024 increased by 49.48% to ¥150,304,861.53 from ¥100,554,012.65 in 2023[20]. - The net profit after deducting non-recurring gains and losses for 2024 was ¥48,428,894.68, down 41.95% from ¥83,422,969.00 in 2023[20]. - The net cash flow from operating activities for 2024 was ¥38,573,574.96, a significant decline of 65.98% compared to ¥113,375,701.44 in 2023[20]. - The total assets at the end of 2024 reached ¥2,584,569,995.02, reflecting a growth of 6.19% from ¥2,433,848,862.94 at the end of 2023[20]. - The company's net assets attributable to shareholders increased by 3.53% to ¥1,768,766,972.95 at the end of 2024 from ¥1,708,452,979.46 at the end of 2023[20]. - The company reported a basic earnings per share of ¥0.33 for 2024, up 50.00% from ¥0.22 in 2023[20]. - The company achieved operating revenue of CNY 1,014.84 million, a decrease of 11.73% compared to the previous year[34]. - The total profit amounted to CNY 187.08 million, an increase of 59.45% year-on-year, while the net profit attributable to shareholders was CNY 150.30 million, up 49.48% from the previous year[34]. Dividend Distribution - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares to all shareholders, based on a total of 449,555,201 shares[5]. - The cash dividend distribution plan was approved by the board and shareholders, ensuring compliance with relevant regulations and protecting minority shareholders' rights[162]. - The total cash dividend amount represents 100% of the distributable profit of RMB 420,681,326.37 for the year[164]. - The company has established a three-year shareholder return plan for 2024-2026, considering profitability and shareholder interests[161]. Risk Management - The company acknowledges risks related to macroeconomic environment, market competition, raw material price fluctuations, and management of subsidiaries[5]. - The company has a comprehensive risk management strategy in place to address various operational risks[5]. - The company will strengthen supply chain management to mitigate the impact of raw material price volatility[101]. - The company is implementing strategies to manage foreign exchange and interest rate risks associated with its international operations[102]. - The company faces increased management risks due to the growing number of subsidiaries and diverse business models, necessitating enhanced operational management and risk control measures[103]. Innovation and R&D - The company is positioned in a competitive market with a focus on technological innovation and development of new products, particularly in the welding industry[30]. - The company aims to enhance its market position by developing proprietary technologies and products to drive future growth[30]. - The company has filed for 14 patents and holds a total of 62 invention patents, 172 utility model patents, and 45 design patents, indicating a strong focus on innovation[40]. - The company plans to enhance its product core competitiveness through continuous R&D and innovation, focusing on new technologies like silicon carbide[35]. - The company is actively expanding its overseas market, with foreign sales reaching CNY 195.09 million, a decrease of 5.35% year-on-year[43]. Corporate Governance - The company has a total of 7 board members, including 3 independent directors, complying with legal and regulatory requirements[111]. - The company has implemented a transparent performance evaluation and incentive mechanism for senior management, overseen by the remuneration and assessment committee[116]. - The company has not engaged in any related party transactions that could harm the interests of minority shareholders[110]. - The company has established a complete and independent business system, including R&D, production, and sales management, ensuring independence from the controlling shareholder[120]. - The company has conducted multiple investor communications and research activities throughout 2024, indicating ongoing engagement with stakeholders[104][105]. Employee Management - The total number of employees at the end of the reporting period is 1,308, with 600 in the parent company and 708 in major subsidiaries[156]. - The company emphasizes a performance management system linked to both company and individual performance results, ensuring fair and timely compensation[157][158]. - The company plans to enhance product training and cultivate reserve cadres in 2024, utilizing a dual-mode approach of online and offline training[159]. - The company has established a strict salary preparation, approval, and distribution process to ensure timely and accurate payment of employee salaries[158]. Environmental and Social Responsibility - The company actively engages in environmental protection and resource conservation, improving production processes to minimize waste generation[177]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[177]. - The company is committed to fulfilling its social responsibilities while pursuing economic benefits and protecting shareholder interests[178]. - The company has established a mutual aid fund to support employees in need, enhancing employee cohesion and sense of belonging[180]. Financial Controls and Compliance - The company has established a comprehensive internal control system that effectively operates at both the corporate and business process levels, ensuring compliance and asset security[171]. - The internal control evaluation report indicates that 100% of the total assets and operating income of the evaluated units are included in the company's consolidated financial statements[173]. - There were no significant defects identified in the internal control system during the reporting period, with zero major or important defects reported[174]. - The company has maintained a continuous relationship with the current auditing firm for 17 years[195]. Market Strategy - The company aims to become a leading international comprehensive welding enterprise group, focusing on technological, management, and cultural innovation[93]. - The company plans to enhance product competitiveness through innovation, targeting key technology areas such as intelligence and efficiency[95]. - The company will deepen market development to increase market share, focusing on e-commerce and international markets, particularly in Latin America, the Middle East, and Africa[96]. - The company intends to improve operational efficiency through digitalization and lean management practices[98].