BLIIC(SZ:300135)2025-04-22 09:25Dividend Distribution - The company plans to distribute a cash dividend of 0.1 yuan per 10 shares to all shareholders, based on a total of 921,600,000 shares[5]. - The total distributable profit for the year is reported at 177,736,222.14 yuan[163]. - The company has not proposed any stock bonus or capital reserve transfer to increase share capital for the current year[163]. Financial Performance - The company's operating revenue for 2024 was CNY 1,969,471,931.36, a decrease of 8.23% compared to CNY 2,145,988,321.10 in 2023[23]. - The net profit attributable to shareholders for 2024 was CNY 22,302,227.95, representing a significant increase of 149.91% from a loss of CNY 44,682,718.95 in 2023[23]. - The cash flow from operating activities improved to CNY 202,554,011.55, a 331.99% increase from a negative cash flow of CNY 87,310,019.01 in 2023[23]. - Basic and diluted earnings per share for 2024 were CNY 0.024, up 148.98% from a loss of CNY 0.049 in 2023[23]. - The total assets at the end of 2024 were CNY 1,714,850,464.08, down 25.23% from CNY 2,293,586,086.24 at the end of 2023[23]. - The net assets attributable to shareholders increased by 1.12% to CNY 964,668,813.30 at the end of 2024, compared to CNY 953,952,144.87 at the end of 2023[23]. - The company achieved a revenue of nearly 2 billion yuan and a net profit of 22.3 million yuan during the reporting period[49]. - Total assets amounted to 1.715 billion yuan, with equity attributable to shareholders of 940 million yuan[49]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report[5]. - The company has outlined potential risks and corresponding mitigation strategies in the annual report[5]. - The company is exposed to raw material price volatility risks, particularly due to fluctuations in crude oil prices, which significantly impact procurement costs and profit margins[65]. - The company has established a comprehensive risk management system for hedging operations, including clear approval authority and organizational structure[1]. - The company is focused on reducing the adverse effects of raw material price fluctuations and foreign exchange rate volatility through derivative transactions[1]. Research and Development - The company has invested in R&D, holding numerous patents and participating in several national scientific projects, enhancing its technological capabilities[34]. - The company emphasizes technology research and development to improve product quality and market competitiveness in the asphalt business[52]. - The company is focusing on developing environmentally friendly, high-value reaction-type rubber based on low-value waste rubber and plastics, aiming to enhance road performance and achieve recycling[88]. - The project on silica gel composite modified asphalt aims to improve high-temperature performance and bonding properties, enhancing the durability of asphalt pavement materials[89]. - The company aims to improve the aging resistance and high-temperature stability of asphalt mixtures through innovative research and development efforts[90]. Market Trends - The company is actively expanding its market presence both domestically and internationally, aligning with national policies such as the "Belt and Road" initiative[34]. - The asphalt market is anticipated to face challenges in 2025 due to limited demand growth from infrastructure projects and ongoing funding shortages[43]. - The overall asphalt market is projected to stabilize with potential recovery in road project funding and continued growth in waterproof asphalt demand in 2025[43]. - The demand for waterproof asphalt is expected to rise to 536,000 tons in 2024, an increase of 45,000 tons year-on-year, accounting for 18% of total consumption[37]. Corporate Governance - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, enhancing decision-making fairness and ensuring sustainable operations[173]. - The board consists of 7 members, including 3 independent directors, meeting legal requirements for composition and governance[118]. - The company has established a robust internal management and control system in place, aligning with regulatory requirements to improve governance[121]. - The company has implemented strict employee rights protection measures, including signing labor contracts and providing social insurance, ensuring a healthy work environment[174]. Operational Efficiency - The company is focusing on cost reduction and efficiency improvement strategies to enhance profitability amid challenging market conditions[51]. - The company has established a comprehensive talent cultivation system and optimized its performance management approach to enhance operational efficiency[55]. - The company has a robust financial management system, with an independent accounting department and no instances of asset occupation by controlling shareholders[131]. Investor Relations - The company has maintained a good investor relations management strategy, ensuring timely and accurate information disclosure to enhance investor recognition[174]. - The company held 5 shareholder meetings during the reporting period, all convened by the board of directors, ensuring compliance with relevant laws and regulations[124]. - The first extraordinary general meeting of 2024 had an investor participation rate of 30.88% on January 8, 2024[132]. Environmental Compliance - The company faced a fine of 100,000 yuan for violating air pollution prevention laws, but it reported no impact on operations[172]. - The company has continuously invested in safety production and environmental protection, establishing a three-level safety management system[175].