TECHMATION(SH:603015)2025-04-22 10:15Financial Performance - The net profit attributable to the parent company for 2024 is RMB 63,816,194.26, with the parent company achieving a net profit of RMB 67,572,719.47 after a 10% statutory surplus reserve of RMB 6,757,271.95[9] - The proposed cash dividend is RMB 0.05 per share (before tax), totaling RMB 20,210,950.00, which accounts for 31.67% of the net profit attributable to the parent company for 2024[9] - As of December 31, 2024, the undistributed profits of the parent company amount to RMB 265,794,492.66[9] - The company achieved operating revenue of CNY 843.18 million in 2024, an increase of 16.88% compared to the previous year[28] - The net profit attributable to shareholders was CNY 63.82 million, remaining stable compared to the previous year[30] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 54.00% to CNY 74.55 million[30] - The net cash flow from operating activities was CNY 96.10 million, a decrease of 28.76% from the previous year[28] - The total assets at the end of 2024 were CNY 2.14 billion, an increase of 4.28% compared to the end of 2023[28] - The company's weighted average return on equity was 4.72%, a slight decrease of 0.05 percentage points from the previous year[29] - The basic earnings per share remained at CNY 0.16, unchanged from the previous year[29] Risk Management - The company has no significant risks that could materially affect its operations during the reporting period[12] - The report includes a risk statement indicating that future plans and strategies do not constitute a substantive commitment to investors[11] - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[12] - The company is proactively managing risks related to fluctuating gross margins and external political uncertainties that may impact its competitive position[157][160] Shareholder Engagement - The company plans to submit the dividend proposal for approval at the 2024 annual general meeting[10] - The company emphasized investor relations by implementing various communication channels, ensuring compliance with cash dividend policies, and focusing on shareholder returns[168] - The annual shareholder meeting approved multiple resolutions, including the 2023 financial report and profit distribution plan, reflecting a commitment to shareholder engagement[175] Corporate Governance - The company held 4 board meetings during the reporting period, ensuring compliance with legal requirements and effective decision-making[165] - The board committees, including the strategy, audit, compensation, and nomination committees, operated effectively to enhance corporate governance and reduce operational risks[166] - Internal control systems were further improved during the reporting period, focusing on risk management and compliance with regulatory requirements[170] - The company implemented measures to manage insider information, preventing leaks and insider trading, thereby enhancing corporate governance[172] Market Expansion and Strategy - The company is focused on executing its development strategy and advancing operational plans amid a recovering economy and industry[39] - The company has established deep cooperation with a Taiwanese chip design company, reducing reliance on imported chips and enhancing core competitiveness[42] - The company is expanding its market presence in the plastic machinery sector, targeting blow molding machines, extrusion machines, and rubber machines while maintaining its leading position in injection molding machines[148] - The company plans to enhance product competitiveness by optimizing the self-manufacturing system and increasing the self-manufacturing rate, particularly for core chips and control systems[147] Research and Development - R&D personnel account for 45.20% of the total workforce, with R&D investment representing 7.72% of revenue for the year 2024[82] - The company has over 200 authorized patents, including more than 70 invention patents, and has participated in drafting multiple national and industry standards[82] - The company has established a comprehensive R&D system across multiple locations, enhancing its technological capabilities in automation control[81] Digital Transformation - The digital business segment has made significant progress in developing an IoT cloud platform, enhancing digital management capabilities for traditional enterprises[50] - The digital business segment includes the tmIoT cloud platform and industry-specific data middle platforms, enhancing digital transformation for traditional enterprises[77] - The company is committed to digital transformation by enhancing its industrial internet platform and big data analytics capabilities, focusing on AI technology breakthroughs[142] International Operations - The company has made significant progress in expanding its overseas operations, particularly in Taiwan and Italy, contributing to its overall revenue growth[127] - The revenue from overseas markets for the automation business showed a steady increase, with over 60% of overseas revenue coming from the Indian market[47] - The company has set up offices in various countries, including Brazil, Turkey, and Indonesia, to strengthen its overseas sales and service network[48] Employee Management - The total number of employees in the parent company is 304, while the main subsidiaries employ 457, resulting in a total of 761 employees[198] - The company has established a compensation policy that balances internal equity and market competitiveness to attract and retain talent[200] - The professional composition includes 144 production personnel, 51 sales personnel, 360 technical personnel, 32 financial personnel, 62 administrative personnel, 25 logistics personnel, 56 material personnel, and 31 quality personnel[198]