HLADI(SZ:300649)2025-04-22 11:30Financial Performance - The company's operating revenue for 2024 was ¥209,114,189.10, a decrease of 32.39% compared to ¥309,303,307.70 in 2023[31]. - The net profit attributable to shareholders for 2024 was -¥37,172,959.58, representing a decline of 497.90% from ¥9,342,348.29 in 2023[31]. - The basic earnings per share for 2024 was -¥0.28, down 500.00% from ¥0.07 in 2023[31]. - Total assets at the end of 2024 were ¥1,001,521,131.15, an 8.26% decrease from ¥1,091,699,518.23 at the end of 2023[31]. - The net assets attributable to shareholders at the end of 2024 were ¥499,455,376.56, a decrease of 7.51% from ¥540,028,035.34 at the end of 2023[31]. - The company reported a quarterly operating revenue of ¥166,147,672.17 in Q1 2024, followed by ¥38,929,312.15 in Q2, ¥46,728,233.59 in Q3, and ¥57,820,697.48 in Q4[33]. - The company experienced a significant drop in net profit after deducting non-recurring gains and losses, with a figure of -¥47,275,607.91 for 2024 compared to ¥5,877,625.01 in 2023, a decline of 904.33%[31]. - The weighted average return on equity for 2024 was -7.16%, down from 1.73% in 2023, indicating a deterioration in profitability[31]. - The company reported a significant increase in other business revenue by 28.10% to ¥9,225,803.80, up from ¥7,202,152.31 in 2023[63]. - The company reported a total revenue of 1.2 billion yuan for the fiscal year 2024, representing a year-over-year increase of 15%[160]. Cash Flow and Investments - The cash flow from operating activities for 2024 was ¥71,768,544.79, a significant increase of 2,819.96% compared to -¥2,638,591.64 in 2023[31]. - Operating cash inflow decreased by 16.87% to $396.63 million compared to $477.11 million in the previous year[82]. - Operating cash outflow decreased by 32.28% to $324.87 million from $479.75 million year-on-year[82]. - Net cash flow from operating activities increased significantly by 2819.96%, reaching $71.77 million, primarily due to a 52.57% reduction in project payments[83]. - The company made a total investment of $5 million during the reporting period, representing a 66.67% increase compared to the previous year[86]. - The company has not engaged in any securities or derivative investments during the reporting period[89][90]. Business Strategy and Development - The company plans to focus on core design capabilities while expanding project outreach and enhancing operational efficiency to improve performance in 2025[7]. - The company is actively pursuing a dual-driven development strategy by leveraging its design expertise and expanding into project general contracting[13]. - The company has successfully expanded its business from landscape design to total engineering contracting, leveraging its design expertise[45]. - The company aims to enhance its competitive edge in ecological tourism projects through innovative technologies and strategies[79]. - The company is committed to maintaining high-quality design standards to enhance its brand image and competitiveness[161]. Market and Competitive Landscape - The competitive landscape in the landscape architecture industry is intensifying, with a large number of firms leading to potential market share decline[14]. - The company acknowledges risks related to macroeconomic fluctuations, which could adversely affect its profitability and growth potential[9]. - The government has set ambitious ecological goals, including a forest coverage rate of 24.1% by 2025 and 26% by 2035, which presents growth opportunities for the landscape industry[41]. - The company has a competitive advantage with its first-class qualifications in landscape engineering design and other related fields[58]. Research and Development - The company is focusing on digital auxiliary technologies in design, aiming to enhance team collaboration and reduce communication costs through CAD plugins for terrain design[78]. - The company aims to increase R&D investment and establish a research team to enhance forward-looking technology research in landscape design and related architectural design[161]. - R&D investment amounted to ¥15,040,964.46 in 2024, down from ¥16,596,409.62 in 2023, representing a decrease of approximately 9.37%[80]. - The company is researching landscape enhancement solutions for urban public spaces, targeting the optimization of existing landscapes with new materials and technologies[78]. Governance and Compliance - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with regulations[102]. - The company has established an information disclosure management system to enhance internal and external transparency[103]. - The governance structure of the company complies with legal and regulatory requirements without significant discrepancies[104]. - The company has implemented a robust internal governance framework to ensure compliance with relevant laws and regulations[104]. Profit Distribution and Shareholder Relations - The company has proposed a cash dividend of CNY 0.50 per 10 shares, with no bonus shares being issued[17]. - The company aims to distribute at least 20% of its distributable profits as cash dividends annually, provided it is profitable and has positive retained earnings[138]. - The profit distribution policy emphasizes reasonable returns to investors, with a commitment to maintain continuity and stability[163]. - The company plans to distribute dividends in cash, stock, or a combination, with a minimum of 20% of distributable profits allocated for cash dividends annually[163]. Employee and Talent Management - The company has a strong talent advantage, with most designers having over 10 years of experience, which is crucial for its competitive edge[54]. - The number of R&D personnel decreased from 51 in 2023 to 49 in 2024, a decline of 3.92%[80]. - The company has established a comprehensive training system to enhance employee capabilities, which includes various training formats and assessments[136]. Legal and Regulatory Matters - The company faced a lawsuit regarding a terminated engineering survey contract, with a claim amount of 3.36 million yuan[176]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[154]. - The company has not reported any penalties from regulatory authorities for its directors or senior management in the last three years[125].