激智科技(300566) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was ¥2,175,338,537.41, a decrease of 5.55% compared to ¥2,303,273,018.67 in 2023 [22]. - Net profit attributable to shareholders increased by 31.67% to ¥190,113,874.42 in 2024 from ¥144,384,604.43 in 2023 [22]. - The net profit after deducting non-recurring gains and losses rose by 92.51% to ¥152,000,796.36 in 2024 compared to ¥78,956,656.42 in 2023 [22]. - Cash flow from operating activities increased significantly by 106.13% to ¥347,947,853.01 in 2024 from ¥168,803,001.43 in 2023 [22]. - Basic and diluted earnings per share improved by 32.73% to ¥0.73 in 2024 from ¥0.55 in 2023 [22]. - Total assets decreased by 6.89% to ¥3,683,474,820.95 at the end of 2024 from ¥3,955,951,405.79 at the end of 2023 [22]. - The company's net assets attributable to shareholders increased by 8.62% to ¥1,994,092,793.86 at the end of 2024 compared to ¥1,835,827,404.08 at the end of 2023 [22]. - The company achieved a total revenue of 2,175.34 million yuan in 2024, a decrease of 5.55% compared to the previous year, while the net profit attributable to the parent company increased by 31.67% to 190.11 million yuan [54]. Dividend Distribution - The company plans to distribute a cash dividend of 2 RMB per 10 shares to all shareholders, based on a total share capital of 259,721,323 shares after excluding repurchased shares [4]. - The company plans to distribute a cash dividend of RMB 51,944,264.60, which represents 100% of the total profit distribution amount [153]. - For every 10 shares, a cash dividend of RMB 2 (including tax) will be distributed, with no bonus shares or capital reserve conversion [153]. - The total number of shares for the dividend distribution is based on 259,721,323 shares, excluding 4,020,227 shares that have been repurchased [153]. Market Position and Strategy - The company is focusing on expanding its product offerings in the optical film and photovoltaic sectors, with a rapid growth in the market share of backsheet products [31]. - The company maintains a leading position in the domestic optical film market, leveraging its innovation capabilities and product quality [33]. - The company aims to maintain its leading position in the high-end display film market through continuous R&D and product innovation [38]. - The company is strategically focusing on high-end composite optical films and expanding its client base in the backsheet and adhesive film markets [109]. - The company is actively expanding its large customer base while strengthening credit review and accounts receivable management, linking business unit performance assessments to accounts receivable to control risks [113]. Research and Development - The company emphasizes strong R&D capabilities and has implemented an effective internal talent cultivation system to foster innovation among its research staff [52]. - The company has developed a transparent backsheet with a transmittance rate exceeding 87%, validated for outdoor operation for over 30 years [46]. - The company is focusing on the development of high transparency and environmentally friendly Optical Clear Adhesive (OCA) for flexible displays, aiming for an annual production capacity of 10 million square meters [74]. - The company is developing a high-grade moisture barrier film technology to meet the high barrier requirements of quantum dot technology and electronic ink displays, filling a domestic gap in this technology [74]. - The company has developed a high-performance quantum dot diffusion board for LCD displays, enhancing color gamut and user experience [81]. Environmental Compliance - The company has completed environmental impact assessments and obtained approvals for multiple projects, including the optical film production line with a completion acceptance report dated 2013 [161]. - The company has implemented various environmental protection measures, including RTO facilities for waste gas treatment, to ensure compliance with emission standards [165]. - The company has established a hazardous waste management plan and has been actively monitoring and reporting on its emissions [165]. - The company is subject to multiple environmental protection laws and standards, ensuring adherence to national regulations [162]. - The company has established environmental emergency response plans, with the latest plan for Jiangbei Jizhi filed in July 2023 [169]. Corporate Governance - The company has a board of directors consisting of nine members, including three independent directors, ensuring compliance with governance regulations [119]. - The supervisory board, composed of three members, is responsible for overseeing the legality and compliance of the company's financial activities and management [120]. - The company maintains transparency in information disclosure, ensuring timely and accurate communication with investors [121]. - The company has established a remuneration decision-making process based on performance and responsibilities [137]. - The company strictly adheres to legal and regulatory requirements in its governance structure, ensuring that the actual governance status aligns with the standards set by relevant authorities [118]. Employee Welfare and Community Engagement - The company has implemented a comprehensive employee welfare program, including holiday benefits and free health check-ups [148]. - The company has established a 1 million yuan "Bole Fund" in collaboration with Zhejiang Sci-Tech University to support young teachers and promote educational innovation [179]. - The company donated over 500 thousand yuan in scholarships to various universities, encouraging students to pursue academic excellence [179]. - The company promotes a culture of social responsibility among employees, encouraging participation in community service and volunteer activities [181]. - The company has been actively involved in supporting rural revitalization through educational assistance and resource optimization [180]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts, indicating that these do not constitute substantive commitments to investors [3]. - The company faces risks related to declining gross margins due to competitive pricing pressures in the optical film market [111]. - The company has established a relatively complete modern enterprise management system and an independent production, supply, and sales system, but faces increased management risks due to rapid expansion post-IPO [113]. - The company is enhancing talent development and adjusting organizational models and management systems to adapt to the growing business requirements and market changes [113].