星云股份(300648) - 2024 Q4 - 年度财报

Financial Performance - The company achieved operating revenue of 1,090.99 million yuan, a year-on-year increase of 20.33%[4] - The net profit attributable to shareholders was -82.45 million yuan, up 57.25% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -97.45 million yuan, an increase of 53.45% year-on-year[4] - The company's operating revenue for 2024 reached ¥1,090,991,904.20, representing a 20.33% increase compared to ¥906,700,365.36 in 2023[21] - The net profit attributable to shareholders was a loss of ¥82,448,794.90 in 2024, an improvement of 57.25% from a loss of ¥192,869,872.39 in 2023[21] - The net cash flow from operating activities turned positive at ¥139,816,676.77, a significant increase of 453.09% compared to a negative cash flow of ¥39,598,385.15 in 2023[21] - The total assets at the end of 2024 were ¥2,452,413,286.90, showing a decrease of 14.29% from ¥2,555,782,246.29 in 2023[21] - The company's basic earnings per share improved to -¥0.5579 in 2024, a 57.25% increase from -¥1.3051 in 2023[21] - The gross profit margin improved to 33.04%, an increase of 6.01% compared to the previous year[69] - The company reported a net profit of -82,448,794.90 CNY for the consolidated financial statements in 2024, and a net profit of -120,840,477.90 CNY for the parent company[168] Dividend Policy - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from capital reserves[5] - Due to the loss in 2024, the company will not distribute cash dividends, issue bonus shares, or increase capital reserves[168] - The decision to not distribute profits aligns with relevant laws, regulations, and the company's articles of association[167] - The company emphasized the need for funds to support business expansion and long-term development[167] - The cash dividend policy was adjusted to ensure compliance and transparency in the decision-making process[167] - The company aims to provide stable and long-term returns to investors despite the current financial challenges[167] Risks and Challenges - The company faces risks including macroeconomic fluctuations, accounts receivable bad debt, tax policy changes, raw material cost volatility, and market competition[4] - The company is exposed to risks from macroeconomic cycles and the potential reduction in investment from downstream lithium battery manufacturers, which could adversely affect its business[117] - The company will adopt multiple measures to manage raw material cost risks, including technological innovation and improved communication with downstream partners[119] - The company faces market and technological risks due to high competition in its industry, which could lead to price declines and affect profitability[120] Research and Development - The company has received 48 new invention patents and 77 utility model patents in 2024, bringing the total to 825 authorized patents[47] - R&D personnel account for 30.40% of the total workforce, with 584 employees dedicated to research and development[56] - The company has established a comprehensive R&D system, including one laboratory, two research institutes, three testing verification platforms, and four R&D centers[59] - The company completed several R&D projects aimed at developing new products and technologies, enhancing competitiveness in the market[84] - The company is in the trial production phase for an automatic testing system applicable to non-standard battery assembly, which is expected to enrich product types and enter new service markets[84] Market Trends - In 2024, China's new energy vehicle production and sales reached 12.888 million and 12.866 million units, respectively, representing year-on-year growth of 34.4% and 35.5%[34] - Global lithium battery shipments in 2024 are expected to reach 1,175 GWh, a year-on-year increase of 32.6%, with power battery shipments exceeding 780 GWh, up 23%[35] - The new energy vehicle market in China is projected to maintain strong growth, with exports surpassing 2 million units for the first time in 2024, reflecting the competitiveness of Chinese manufacturers in international markets[35] - The installed capacity of new energy storage in China is expected to reach 109.8 GWh in 2024, marking a year-on-year increase of 136%[36] Corporate Governance - The company has established a comprehensive governance framework that includes strategic, audit, nomination, and compensation committees to support effective decision-making[127] - The company has a robust internal audit system in place to oversee internal controls and risk management, ensuring compliance with relevant regulations[129] - The company respects the rights of stakeholders and maintains transparent communication with investors through various channels, enhancing operational transparency[128] - The company has updated its governance structure and internal management systems to comply with legal regulations, improving operational standards[125] Shareholder Engagement - The company held 1 annual general meeting and 3 extraordinary general meetings in 2024, ensuring compliance with legal requirements for shareholder participation[126] - The participation rate for the 2024 first extraordinary shareholders' meeting was 37.55%[134] - The company aims to maintain the rights and interests of all shareholders, particularly minority shareholders[154] Environmental Responsibility - The company is committed to sustainable development and environmental protection, emphasizing its role in the green new energy industry[178] - The company donated RMB 30,000 to Kuai'an School in Mawei District for poverty alleviation efforts in 2024[180] - The company disclosed its 2024 Social Responsibility Report on April 23, 2025, available on the designated information disclosure website[179] Internal Controls - The internal control system was established in compliance with laws and regulations, effectively promoting the company's strategic implementation and safeguarding shareholder interests[171] - The internal control audit report received a standard unqualified opinion, with no significant deficiencies identified in non-financial reporting[175] - The company has not been classified as a key pollutant discharge unit by environmental protection authorities[178] Strategic Focus - The company is focused on expanding its overseas marketing network to enhance its global strategic layout and increase international market participation[57] - The company plans to continue expanding its investment in new energy vehicle battery technology and related projects[107] - The company aims to strengthen accounts receivable management by establishing a customer credit management system and incorporating sales collection performance into sales personnel evaluations[118]