EASA(300215)2025-04-21 12:55Financial Performance - The company's operating revenue for 2024 was CNY 619,370,068.51, a decrease of 0.27% compared to CNY 621,029,445.98 in 2023[17]. - Net profit attributable to shareholders for 2024 was CNY 21,997,786.24, representing a 15.17% increase from CNY 19,101,086.56 in 2023[17]. - The net profit after deducting non-recurring gains and losses was CNY 13,259,981.34, down 18.90% from CNY 16,350,984.89 in 2023[17]. - The net cash flow from operating activities decreased by 36.28% to CNY 307,404,548.51 from CNY 482,440,129.65 in 2023[17]. - Total assets at the end of 2024 were CNY 2,668,603,519.66, a decrease of 7.01% from CNY 2,869,647,443.77 at the end of 2023[17]. - The net assets attributable to shareholders at the end of 2024 were CNY 1,987,332,477.82, a slight decrease of 0.29% from CNY 1,993,102,341.15 at the end of 2023[17]. - The basic earnings per share for 2024 remained unchanged at CNY 0.03 compared to 2023[17]. - The weighted average return on equity for 2024 was 1.11%, an increase from 0.96% in 2023[17]. Cash Flow and Investments - The company reported a significant decline in cash flow from operating activities, indicating potential liquidity challenges[17]. - The company reported a non-recurring gain of ¥8,737,804.90 for the year 2024, compared to ¥2,750,101.67 in 2023, indicating a significant increase of approximately 217% year-over-year[24]. - Government subsidies recognized in the current period amounted to ¥5,754,675.01, slightly down from ¥6,036,620.43 in 2023, reflecting a decrease of about 4.68%[23]. - The company recorded a non-recurring loss from the disposal of non-current assets of ¥80,328.14 in 2024, a recovery from a loss of ¥1,693,157.61 in 2023[23]. - The company has not engaged in any derivative investments during the reporting period[72]. - The total amount of securities investments at the end of the reporting period was RMB 5,387,973.1[71]. - The company has a cumulative unused amount of raised funds of RMB 6,262.37 million, which is stored in a dedicated account[73]. - The company has implemented a dedicated account storage system for managing raised funds to protect investor interests[74]. Business Operations and Market Position - The company continues to operate as a leading third-party testing institution in the electrical appliance sector, providing comprehensive "one-stop testing services" to both domestic and international markets[30]. - The inspection and testing industry is expected to grow steadily, driven by increasing market demand and the trend towards independent third-party testing institutions[27]. - The company emphasizes the importance of maintaining social credibility and brand influence as core competitive advantages in the inspection and testing industry[28]. - Continuous investment in specialized laboratories and equipment is essential for the company's operational capabilities and compliance with government regulations[29]. - The company adheres to a quality policy focused on "scientific management, fair testing, and accurate data" to enhance product quality in the electrical appliance sector[30]. - The company operates as an independent third-party testing organization, focusing on technical testing services, ensuring fairness and trust from clients[31]. - The company has established four national quality inspection and testing centers authorized by the State Administration for Market Regulation, enhancing its service capabilities[32]. - The company has achieved significant breakthroughs in qualification certification, standard formulation, and digital transformation, reinforcing its leading position in the power equipment and testing sectors[34]. Research and Development - The number of R&D personnel decreased by 3.05% from 197 in 2023 to 191 in 2024, while the proportion of R&D personnel increased from 18.41% to 19.88%[53]. - R&D investment amounted to ¥46,223,777.41 in 2024, maintaining a ratio of 7.46% of operating revenue, unchanged from 2023, but down from 9.20% in 2022[53]. - The company is currently developing a 5×3200MVA short-circuit generator set to enhance testing capabilities, efficiency, and intelligence in high-capacity testing stations[51]. - A new high-voltage plasma spark gap switch is under development, aiming to meet 1200kV/150kA ultra-high voltage testing requirements, with a target ignition energy of 200 joules[51]. - The company has completed the development of an 8MW wind power system high/low voltage ride-through simulation platform, which is expected to improve grid stability and reduce fault costs[52]. - The company is enhancing the explosion-proof performance of ultra-high voltage oil-filled equipment, with ongoing research to improve pressure release reliability[52]. - The ongoing research on high-altitude converter station cooling equipment is expected to enhance the company's capabilities in high-altitude testing and expand market opportunities[52]. Corporate Governance and Shareholder Relations - The company has held three shareholder meetings during the reporting period, ensuring equal rights for all shareholders, particularly minority shareholders[92]. - The board of directors consists of 9 members, including 3 independent directors, and has held 7 meetings in the reporting period[93]. - The company maintains strict independence from its controlling shareholders in terms of assets, personnel, finance, organization, and business operations[96]. - The company has established an independent financial department and a complete accounting system, ensuring self-accounting and financial decision-making[97]. - The company emphasizes the importance of investor relations management to enhance information transparency and protect shareholder rights[95]. - The company has a clear ownership structure, with no instances of asset or resource occupation by controlling shareholders[96]. - The company has a dedicated board secretary responsible for investor communication and engagement through various channels[95]. Social Responsibility and Compliance - The company has been awarded the "Wu Zhong Charity Award" as the most caring donation enterprise by the government of Suzhou's Wuzhong District, reflecting its commitment to social responsibility[147]. - The company has prioritized employment for veterans and established a service center for them, providing various educational materials and resources[147]. - The company has implemented a safety philosophy of "people-oriented, safe development" and strengthened its internal security department[148]. - The company has actively cooperated with local law enforcement to maintain community stability through community policing efforts[148]. - The company has completed multiple projects in the new energy sector, including testing for large-capacity wind power equipment and electric vehicle charging devices, creating favorable conditions for certification testing services[149]. - The company has established a standardized environmental management system and successfully passed the 2024 quality, environment, and safety management system supervision audit[148]. - The company has been recognized as one of the first national pollution control certification testing laboratories approved by the National Certification and Accreditation Administration and the Ministry of Industry and Information Technology[149]. Future Outlook and Strategic Initiatives - The company is focusing on expanding its market presence through new product development and technological upgrades[68]. - The company has plans for future investments in new projects, with a total investment amount projected at RMB 3,184 million[68]. - The company aims to enhance its competitive edge by improving management levels and establishing a first-class electrical product certification testing service brand[83]. - The company will strengthen international cooperation to expand its global business footprint and enhance international competitiveness[83]. - The company plans to accelerate the commissioning of the DC Test System Technology Transformation Project[83]. Shareholder Structure and Changes - The actual controlling persons, Hu Chun and Li Chongzhu, collectively hold 256,714,733 shares, accounting for 34.27% of the total share capital[158]. - Hu Chun holds 78,100,000 shares, representing 10.43% of the total share capital, while Li Chongzhu holds 178,614,733 shares, accounting for 23.84%[159]. - The company reported a total of 749,094,187 shares outstanding, with 75.05% being unrestricted shares[191]. - The company has no preferred shareholders with restored voting rights at the end of the reporting period[195]. - The largest shareholder, China Inspection and Certification Group, holds 25.40% of the shares, totaling 190,250,000 shares[195]. - The second-largest shareholder, Hu Chun, holds 33.27% of the shares, totaling 249,223,791 shares[195].