Hamaton(SZ:300643)2025-04-22 13:05Dividend Distribution - The company plans to distribute a cash dividend of 1.60 RMB per 10 shares (including tax) to all shareholders based on the total share capital as of the dividend record date[4]. - The cash dividend amount for the reporting period was 36,785,817.76 CNY, representing 100% of the total profit distribution[158]. - The total number of shares for the dividend distribution base was 229,911,361 shares[158]. - The company has a clear and complete profit distribution policy, which was approved by the board and supervisory committee[157]. - The company plans to distribute cash dividends of no less than 20% of the distributable profits for the year, considering factors such as industry characteristics and major capital expenditure arrangements[194]. - The company will conduct at least one profit distribution each year if it has positive distributable profits and will consider mid-term dividend distributions based on its financial needs[187]. - The company will prioritize cash dividends when conditions are met, with a focus on maintaining continuous and stable returns to shareholders[192]. - The company will ensure that any cash dividends distributed will be adjusted to account for any shareholder who has improperly occupied company funds[189]. Financial Performance - The company's operating revenue for 2024 reached ¥1,083,453,943.95, representing a 1.48% increase compared to ¥1,067,619,007.47 in 2023[20]. - Net profit attributable to shareholders for 2024 was ¥123,620,904.61, up 3.17% from ¥119,818,994.34 in 2023[20]. - The cash flow from operating activities increased by 34.93% to ¥172,228,279.79 in 2024, compared to ¥127,640,704.69 in 2023[20]. - Basic and diluted earnings per share for 2024 were both ¥0.54, a 3.85% increase from ¥0.52 in 2023[20]. - Total assets at the end of 2024 amounted to ¥1,466,795,130.59, reflecting a 3.70% increase from ¥1,414,514,678.48 at the end of 2023[20]. - The net assets attributable to shareholders increased by 8.28% to ¥1,145,395,338.59 at the end of 2024, compared to ¥1,057,767,540.78 at the end of 2023[20]. - Revenue from the sensor and digital information control equipment business grew by 33.91% compared to the previous year, while revenue from the commercial vehicle decoupling pipeline system business declined by 10.31%[35]. Market and Industry Trends - The TPMS market is expected to grow significantly due to mandatory regulations and increasing safety awareness among vehicle owners in China[31]. - The commercial vehicle Internet of Things market in China is expected to maintain a compound annual growth rate of 28%, reaching a market size of ¥80.6 billion by 2025[33]. - The market penetration rate of new energy vehicles in China is expected to reach 40.90% in 2024, with production and sales surpassing 10 million units for the first time[56]. - From July 7, 2024, new regulations will require TPMS installation in heavy-duty vehicles in the EU, which may impact the company's market opportunities[32]. Risk Management - The company faces various risks including macroeconomic fluctuations, adverse trade policy changes, exchange rate fluctuations, and major raw material price volatility[4]. - The company emphasizes the importance of risk management in its operations, particularly regarding customer concentration and goodwill impairment risks[4]. - The top five customers contributed 4.06 billion yuan, accounting for 37.47% of the main business revenue, indicating a concentration risk that could affect business performance if major clients change[115]. Governance and Compliance - The company is committed to ensuring the accuracy and completeness of its financial reports, with all board members present for the report's review[4]. - The company has implemented a comprehensive governance structure to oversee its financial and operational activities[4]. - The company has established a comprehensive internal audit system to ensure effective control over daily operations and significant matters[122]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and financial operations, ensuring a robust governance structure[123]. - The company has not received any administrative regulatory measures from supervisory authorities, reflecting its compliance with relevant laws and regulations[120]. Research and Development - The company holds 262 patents, including 163 invention patents, with 105 domestic patents and 157 overseas patents, demonstrating its strong R&D capabilities[36]. - The company is developing a multi-faceted tire safety management system aimed at enhancing vehicle safety across various applications[84]. - The company has completed the development of a BLE TPMS system for two-wheeled vehicles, expanding its product application range[85]. Corporate Social Responsibility - The company donated CNY 52,000 to the "一路伴你" charity project for uremia patients in Linping District[178]. - The company actively participates in community volunteer activities and contributes materials when needed, fulfilling its corporate social responsibility[178]. Employee Management - The total number of employees at the end of the reporting period was 953, with 398 in the parent company and 555 in major subsidiaries[154]. - The company conducted 35 training sessions during the reporting period, with a total participation of 600 employees[156]. - The company has implemented a performance-based salary system for senior management, with annual salary determined by the compensation and assessment committee[155].