Mankun(SZ:301132)2025-04-21 13:00Financial Performance - The company's operating revenue for 2024 reached ¥1,267,732,043.26, representing a 4.17% increase compared to ¥1,216,993,926.69 in 2023[22]. - The net profit attributable to shareholders for 2024 was ¥106,498,036.34, a decrease of 2.99% from ¥109,781,521.38 in 2023[22]. - The net profit after deducting non-recurring gains and losses for 2024 was ¥88,858,579.18, down 13.70% from ¥102,969,148.61 in 2023[22]. - The total assets at the end of 2024 amounted to ¥2,782,530,223.69, reflecting a 22.24% increase from ¥2,276,276,148.20 at the end of 2023[22]. - The company's cash flow from operating activities for 2024 was ¥109,623,959.83, a decline of 5.38% compared to ¥115,859,183.09 in 2023[22]. - The overall gross margin decreased by approximately 1.01 percentage points due to intense market competition and rising precious metal prices[73]. - The company's total revenue for the reporting period was 73,565 million, representing a 5.8% increase compared to the previous period[37]. - The company's revenue from the automotive electronics sector and consumer electronics sector combined accounted for over 70% of main business revenue[73]. Dividend Distribution - The company plans to distribute a cash dividend of 4.19 RMB per 10 shares to all shareholders, based on a total share capital of 148,086,249 shares as of December 31, 2024[4]. - The company distributed a cash dividend of 4.06 CNY per 10 shares, totaling 59,872,820 CNY, based on a total share capital of 147,470,000 shares as of December 31, 2023[180]. - The cash dividend policy complies with relevant laws and regulations, ensuring long-term benefits for all shareholders[185]. - The total distributable profit for shareholders is 46,053.92 million CNY after accounting for statutory reserves[183]. - The company has a total share capital of 148,086,249 shares as of December 31, 2024, which serves as the basis for the dividend distribution[184]. Risk Management - The company acknowledges potential risks including macroeconomic fluctuations, intensified market competition, and raw material price volatility, and has outlined corresponding countermeasures[5]. - The company emphasizes the importance of risk awareness for investors regarding forward-looking statements made in the annual report[5]. - The company faces risks from macroeconomic fluctuations that could impact the PCB industry and plans to enhance cash flow management and explore new market opportunities[123]. - The competitive landscape in the PCB industry is intensifying, prompting the company to continuously improve its technology and product quality to maintain its market position[124]. - The company is exposed to risks from fluctuations in raw material prices, which could adversely affect its operating performance if costs cannot be passed on to customers[125]. - Environmental risks are a concern due to the nature of PCB production, and the company is committed to adhering to environmental regulations and enhancing its pollution control measures[126]. Corporate Governance - The company has established a complete and independent asset structure, ensuring no asset occupation by the controlling shareholder[140]. - The company has conducted 1 annual and 2 temporary shareholder meetings, ensuring compliance with legal and regulatory requirements[133]. - The company’s board of directors consists of 7 members, including 3 independent directors, and has held 8 meetings during the reporting period[134]. - The company’s supervisory board has 3 members and has conducted 7 meetings, ensuring compliance with relevant laws and regulations[135]. - The company emphasizes information disclosure, providing timely financial and operational updates through various platforms[138]. - The company maintains independence from its controlling shareholder in all operational aspects, complying with regulatory requirements[139]. - The company has established an independent financial accounting department and a financial management system, making autonomous financial decisions and maintaining separate bank accounts from controlling shareholders[143]. Research and Development - The company has increased its R&D investment, focusing on advanced technologies such as HDI, high-layer boards, and flexible circuits, resulting in multiple patents and new products[64]. - The company holds 147 patents, including 23 invention patents, and has received recognition for several products as reaching "international advanced" levels[69]. - The company has completed the development of new products, including a high-density interconnect circuit board and a dual-sided aluminum-based circuit board, which have entered mass production[92]. - The company is actively expanding its product offerings in the electric vehicle sector, including a new controller PCB for electric water pumps[92]. - The number of R&D personnel increased by 13.22% from 174 to 197, with the proportion of R&D personnel rising from 8.02% to 8.52%[93]. Production and Operations - The company has a well-established production process that allows for quick and effective order processing, ensuring timely production and delivery[55]. - The company has expanded its production capacity through the establishment of specialized factories, with the Ji'an high-precision PCB production base project starting to ramp up production[63]. - The company has successfully completed the establishment registration and land agreement signing for its Thailand operations, receiving an investment promotion certificate from the Thai government[40]. - The company has implemented lean production management to enhance resource efficiency, aiming to improve delivery rates and product quality while controlling costs[62]. - The company has introduced new technologies that improve production efficiency, such as a PCB drilling machine that reduces labor costs by 50%[92]. Environmental Management - The company has established a comprehensive environmental management system and has obtained ISO 14001:2015 and ISO 50001:2018 certifications[198]. - The company holds valid discharge permits from the ecological environment bureau, with the latest permit effective from January 3, 2025, to January 2, 2030[199]. - Wastewater discharge for total copper was measured at 0.093 mg/l, compliant with the acceptance standard of the wastewater treatment plant[200]. - The pH level of wastewater discharge was recorded at 7.18, also meeting the required standards[200]. - The company strictly adheres to multiple environmental protection laws and regulations during its production processes[198]. Employee Management - The total number of employees at the end of the reporting period was 2,312, with 1,920 in production, 63 in sales, 197 in technology, 12 in finance, 45 in administration, and 75 in other roles[176]. - The company has implemented a training program covering various aspects such as physical room, laboratory, equipment, process flow, and customer service, enhancing employee capabilities and core competitiveness[178]. - The company has established a fair and just salary management system to motivate employees and promote mutual development[177]. - The company has a total of 131 employees with a bachelor's degree or higher, representing approximately 5.67% of the total workforce[176]. Strategic Initiatives - The company plans to invest up to 70 million USD in a new production base in Thailand to optimize capacity layout and better serve overseas customers[40]. - The company has a strategic focus on sustainable development and management practices[154]. - The company is committed to a talent development plan that includes attracting high-end technical talent and implementing a dual-channel promotion mechanism for management and technical staff[122]. - The company has a clear timeline for the terms of its directors and supervisors, ensuring continuity in leadership[163].