Lead Power(300530)2025-04-21 15:00Financial Performance - The company's operating revenue for 2024 was ¥125,589,819.68, a decrease of 33.98% compared to ¥190,225,986.08 in 2023[25]. - The net profit attributable to shareholders for 2024 was -¥394,468,075.53, representing an 88.78% decline from -¥208,961,543.77 in 2023[25]. - The net cash flow from operating activities was -¥135,270,195.23 in 2024, a significant drop from ¥181,095.48 in 2023, indicating a decline of 74,795.51%[25]. - The total assets at the end of 2024 were ¥1,460,778,241.60, down 12.66% from ¥1,672,599,239.93 at the end of 2023[25]. - The basic earnings per share for 2024 was -¥2.29, an 84.68% decrease compared to -¥1.24 in 2023[25]. - The company reported a total of ¥12,616,823.63 in non-recurring gains for 2024, compared to ¥19,077,993.66 in 2023[31]. - The company experienced a significant decline in net assets attributable to shareholders, which fell by 20.35% to ¥162,810,711.03 at the end of 2024 from ¥204,415,586.08 at the end of 2023[25]. - The company's revenue after deducting non-recurring items was ¥116,580,056.00 in 2024, down from ¥181,983,062.84 in 2023[25]. - The company's weighted average return on equity was -5,285.93% in 2024, a drastic decline from -90.74% in 2023[25]. Business Operations - The company faced a decline in sales revenue from power batteries, leading to continued losses in 2024[4]. - The energy storage battery and system orders are gradually increasing, but production and delivery require time to achieve scale effects[4]. - The overall growth trend in the new energy power battery industry was maintained during the reporting period, with no signs of sustained recession or technological substitution[5]. - The energy storage industry continued to grow without signs of sustained recession or technological substitution in 2024[5]. - The company is focusing on cost reduction, efficiency enhancement, and market expansion to improve market responsiveness and better meet customer needs[5]. - The company is focusing on the high-margin energy storage battery and system business amid intense competition in the new energy power battery industry[37]. - The company has completed the development of a long-life, high-safety 314Ah lithium iron phosphate battery cell and a 5MWh container product, enriching its product portfolio[37]. - The energy storage industry is experiencing explosive growth, driven by national policy support and the increasing scale of renewable energy installations[35]. - The company is enhancing its R&D capabilities by forming high-level teams and collaborating with research institutions to accelerate the development of new technologies and materials[35]. - The company aims to provide comprehensive solutions in the new energy market, covering electric cells, modules, and system integration[36]. - The company is actively expanding its market presence in energy storage and integrated renewable energy services, responding to diverse storage needs[40]. - The company plans to leverage policy support and adapt to market demand changes to further expand its market share[40]. - The company is focused on continuous improvement in operational management to enhance production efficiency and product quality[40]. Research and Development - The company has established five major testing laboratories to support its R&D capabilities in the new energy battery sector[43]. - The company has 14 invention patents and 2 utility model patents for electroplating additives, and 45 invention patents and 145 utility model patents for new energy battery products[43]. - The company achieved mass production of various battery products, including 280Ah and 314Ah cells, and a 5MWh container energy storage system[43]. - R&D investment amounted to ¥28,991,237.87 in 2024, representing 23.08% of operating revenue, a slight decrease from 23.78% in 2023[61]. - The number of R&D personnel decreased by 3.67% to 105 in 2024, with a notable drop in the proportion of personnel holding bachelor's degrees, down 9.76%[61]. Market Challenges - The surface engineering chemicals business is facing challenges due to a sluggish recovery in downstream customer demand amid a competitive market environment[34]. - The production capacity utilization rate for the new energy battery business is only 17.73%, with a designed capacity of 2,740,000 Kwh[46]. - The company reported a total revenue of CNY 78,202,961.35 from the new energy battery business, which saw a decline in selling prices due to market fluctuations[52]. - The gross profit margin for the new energy battery business decreased by 16.56% compared to the previous year[49]. - The revenue from the surface engineering chemicals segment was CNY 46,233,876.8, a decrease of 24.15% year-over-year, with a gross margin of 39.41%[51]. - The sales volume of the new energy battery business was 202,602 KWh, representing a decrease of 19.80% compared to the previous period, while production increased by 352.69% to 459,382.83 KWh[53]. Corporate Governance - The company has a total of 9 board members, including 3 independent directors, ensuring compliance with relevant laws and regulations[94]. - The company maintains complete independence in business, personnel, assets, institutions, and finance from its controlling shareholders[97]. - The company has established independent financial departments and accounting systems, ensuring independent financial decision-making[98]. - The company emphasizes transparency and investor relations, disclosing information through multiple media channels[95]. - The company has a total of 3 supervisors in its supervisory board, including 1 employee representative, ensuring compliance with legal requirements[95]. - The company has implemented effective measures to protect the rights of its supervisors, allowing them to independently supervise the board and senior management[95]. - The company has established a comprehensive training plan through the establishment of the Lingpai Business School, promoting talent development and internal knowledge sharing[127]. Risk Management - The company is focused on risk management, aiming to identify and respond to potential risks while ensuring compliance and stable operations[88]. - The company has established control policies and procedures for high-risk areas such as human resources, R&D, sales, procurement, contract management, asset management, guarantee management, and information systems[144]. - 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[146]. - No significant internal control deficiencies were reported during the evaluation period, with zero major defects in both financial and non-financial reporting[147]. - The internal control audit report concluded that the company maintained effective internal controls over financial reporting as of December 31, 2024[148]. Shareholder Relations - The company plans to implement a shareholder dividend return plan, emphasizing long-term and sustainable development[181]. - Cash dividends will be prioritized in the future dividend return planning, with annual cash distributions expected[181]. - The company has established a framework for decision-making regarding related party transactions to protect the interests of the company and its subsidiaries[181]. - The company is committed to maintaining a stable and continuous dividend distribution policy[181]. - The company plans to distribute cash dividends of no less than 20% of the distributable profits achieved in the current year[191]. - Future dividend return plans will be reviewed at least every three years, considering shareholder opinions and major investment plans[192]. Compliance and Legal Matters - The company has not faced any administrative penalties related to environmental issues during the reporting period[150]. - The company has not reported any major production safety accidents during the reporting period[153]. - The company has not engaged in activities related to poverty alleviation or rural revitalization during the reporting period[154]. - The company has strictly adhered to commitments regarding related party transactions and has not encountered any violations during the reporting period[156]. - The company guarantees not to utilize its controlling relationship to engage in activities detrimental to the interests of the listed company and its minority shareholders[159]. - The company has committed to avoiding any actions that could lead to conflicts of interest with the listed company[158]. Future Plans - The company plans to enhance its energy storage system integration capabilities, focusing on key areas such as household storage, commercial storage, and large-scale storage[85]. - The company aims to expand its market presence in domestic commercial storage and overseas household storage markets, optimizing its sales team and market strategies[86]. - The company is committed to strengthening product research and development, particularly in household and commercial energy storage products, to enhance market competitiveness[87]. - The company will optimize its supply chain management to ensure stable raw material supply and reduce cost fluctuations[87]. - The company has committed to a long-term dividend return plan, focusing on sustainable development and stable returns for investors[190].