Lucky Harvest(SZ:002965)2025-04-22 10:10Profit Distribution and Financial Performance - The profit distribution plan approved by the board is to distribute a cash dividend of 5.35 RMB per 10 shares (including tax) and to increase capital by 3 shares for every 10 shares held[4]. - The company has a total share capital of 204,138,738 shares, which will be the basis for the dividend distribution[4]. - The company reported a net profit attributable to shareholders decreased by 11.63% to ¥359,441,766.08 in 2024 from ¥406,736,577.67 in 2023[6]. - The net profit after deducting non-recurring gains and losses was ¥348,286,628.85, down 10.88% from ¥390,790,221.80 in the previous year[6]. - The company achieved a total revenue of ¥6,744,224,014.49, representing a year-on-year growth of 18.25%[59]. - The gross profit margin for the automotive manufacturing sector was 12.18%, reflecting a decrease of 5.21% year-on-year[63]. - The company plans to distribute cash dividends of CNY 6.00 per 10 shares, totaling CNY 122,544,982.80, with no stock dividends issued[169]. - For the 2024 fiscal year, the company reported a net profit attributable to shareholders of CNY 359,441,766.08, with distributable profits amounting to CNY 1,105,150,224.45[174]. Business Operations and Market Performance - The company has not reported any changes in its main business since its listing, indicating stability in operations[19]. - The company reported a significant growth in the automotive industry, with a 34.4% increase in new energy vehicle production and sales, reaching 1,288.8 million units in 2024[28]. - The photovoltaic industry saw a 28% increase in newly installed capacity, totaling 278 million kilowatts in 2024[30]. - The new energy storage capacity reached 7,376 million kilowatts by the end of 2024, representing over a 130% increase from the previous year[31]. - The company anticipates continued growth in the automotive market, with projected total sales of 32.9 million vehicles in 2025, a 4.7% increase year-on-year[29]. - In 2024, the domestic telecom business revenue reached CNY 1.74 trillion, a year-on-year growth of 3.2%, indicating a slowdown in growth[32]. Research and Development - R&D investment amounted to CNY 24.32 million, accounting for 3.61% of the company's revenue, highlighting a strong focus on innovation[50]. - The company has established over 600 patents, including 29 invention patents, showcasing its commitment to technological advancement[50]. - The company is focusing on developing new technologies, including a high-precision photovoltaic inverter aluminum stretching box and a new type of cooling plate for electric vehicles[72]. - R&D expenses rose by 17.34% year-on-year to ¥243,204,126.73, reflecting the company's commitment to increasing R&D investment[71]. - The company plans to increase R&D investment to enhance product performance and manufacturing processes, aiming for improved product value and innovation capabilities[104]. Financial Position and Cash Flow - The total assets at the end of 2024 were ¥7,835,416,065.00, reflecting an 18.28% increase from ¥6,624,389,934.93 at the end of 2023[6]. - The net assets attributable to shareholders increased by 35.12% to ¥4,197,639,754.14 in 2024 from ¥3,106,517,305.66 in 2023[6]. - The net cash flow from operating activities fell by 19.92% to ¥294,197,764.45 in 2024, compared to ¥367,369,594.09 in 2023[6]. - The company reported a net cash flow from operating activities of ¥294,197,764.45, down 19.92% from the previous year[59]. - The company disposed of 100% equity in Jilin Xiangsheng Automotive Parts Co., Ltd. for ¥260,000, effective June 2024, resulting in a change in the consolidation scope[68]. Corporate Governance and Compliance - The company adheres to relevant laws and regulations, ensuring compliance in corporate governance and information disclosure practices[116]. - The board of directors consists of 7 members, including 3 independent directors, and has established various committees to provide professional opinions for decision-making[119]. - The supervisory board is composed of 3 members, including 1 employee representative, ensuring compliance and effective supervision of the company's operations[120]. - The company strictly adheres to the information disclosure obligations as required by the China Securities Regulatory Commission and the Shenzhen Stock Exchange, ensuring accurate and timely information for shareholders[122]. - The company has implemented a comprehensive internal control system to manage risks and ensure proper governance[125]. Strategic Focus and Future Plans - The company is actively involved in the development of new energy metal products and automation equipment, indicating a strategic focus on diversification[33]. - The company is expanding its production base in Mexico to strengthen bilateral trade and mitigate export risks associated with major markets like Germany, Japan, and the USA[107]. - The company is focusing on strategic emerging industries such as humanoid robots and low-altitude economy, while maintaining a stronghold in the electric vehicle and photovoltaic inverter sectors[103]. - The company plans to invest 1,000 million RMB in the "Xiangxin Technology New Energy Vehicle Components R&D Center and Manufacturing Base Project," which is expected to enhance its capacity and market development in the new energy vehicle sector[97]. Employee and Talent Management - The total number of employees at the end of the reporting period is 6,964, with 1,422 in the parent company and 5,542 in major subsidiaries[160]. - The professional composition includes 3,480 production personnel, 129 sales personnel, 2,289 technical personnel, 71 financial personnel, 561 administrative personnel, and 434 others[160]. - The company has established a scientific and reasonable compensation assessment system to attract and retain talent, which includes basic salary, performance pay, and business commissions[161]. - The company has a strong focus on human resources, with a dedicated HR manager since January 2019, indicating an emphasis on talent management[143]. Risk Management - The company has identified significant market risks, including fluctuations in market demand and competition, and is implementing measures to enhance its competitive edge and market share[105][106]. - The company faces currency exchange risks due to international sales primarily in USD, EUR, and HKD, and is adopting timely settlement methods to mitigate these risks[109][110]. - The company is implementing a price linkage mechanism to manage the impact of raw material price fluctuations on its gross margin and profitability[111].