Dayu Irrigation(300021)2025-04-22 12:05Financial Performance - The company's operating revenue for 2024 reached ¥4,378,802,815.65, representing a 26.83% increase compared to ¥3,452,576,025.94 in 2023[16]. - The net profit attributable to shareholders for 2024 was ¥81,127,863.84, a significant increase of 61.81% from ¥50,136,389.28 in 2023[16]. - Basic earnings per share for 2024 were ¥0.0954, up 61.69% from ¥0.0590 in 2023[16]. - The company reported a diluted earnings per share of ¥0.0946, which is a 24.31% increase from ¥0.0761 in 2023[16]. - The company's net profit for 2024 was reported at 62,110,428.21 RMB, a significant increase from 16,447,621.31 RMB in 2023, representing a year-over-year growth of approximately 276.5%[22]. - The company achieved operating revenue of 4,378.80 million yuan, an increase of 26.83% year-on-year[62]. - The net profit attributable to shareholders reached 81.13 million yuan, reflecting a growth of 61.81% compared to the previous year[62]. - Cash received from sales of goods and services amounted to 3,990 million yuan, a year-on-year increase of 51.67%[63]. - The gross profit margin for the digital water conservancy industry decreased to 17.77%, down by 6.04 percentage points compared to the previous year[91]. Cash Flow and Investments - The net cash flow from operating activities improved dramatically to ¥596,658,498.59, a 733.57% increase from a negative cash flow of ¥94,173,876.45 in 2023[16]. - The company reported a total cash inflow from operating activities of approximately ¥4.41 billion in 2024, reflecting a year-on-year growth of 41.24%[104]. - The net increase in cash and cash equivalents reached approximately ¥529.11 million, a dramatic increase of 1,569.25% compared to a decrease of ¥36.01 million in 2023[104]. - Investment activities generated a net cash outflow of approximately ¥47.76 million in 2024, an improvement of 80.01% from a net outflow of ¥238.95 million in 2023[104]. - The company raised a total of ¥638,000,000.00 through the public issuance of convertible bonds, with a net amount of ¥624,720,943.39 after deducting issuance costs[116]. Research and Development - The company has a research and development team of approximately 600 people focused on digital water conservancy solutions, enhancing its technological capabilities[31]. - Research and development (R&D) investment amounted to ¥123.94 million in 2024, representing 2.83% of total revenue, down from 4.52% in 2023[102]. - The number of R&D personnel increased to 290, a rise of 14.62% from 253 in the previous year, with a notable increase in master's degree holders by 27.19%[102]. - The company added 36 new patents during the reporting period, including 6 invention patents and 30 utility model patents, with the first patent authorized on January 9, 2024[68][69]. - The company is focusing on the development of new technologies in smart agriculture and wastewater treatment[121]. Strategic Initiatives and Market Expansion - The company plans to enhance investment in high-standard farmland construction, focusing on the improvement of saline-alkali land and supporting the modernization of key irrigation areas and flood retention areas[35]. - The company aims to achieve a water-saving industry scale of 1 trillion by 2027 and cultivate a number of leading enterprises with a scale of 10 billion by 2035[1]. - The company is exploring potential mergers and acquisitions to strengthen its market position[121]. - The company is actively involved in the development of water resource allocation systems and enhancing operational efficiency in agricultural water conservancy infrastructure[133]. - The company is committed to promoting agricultural modernization and rural revitalization through improved water management practices[133]. Corporate Governance and Management - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance standards[155]. - The company has established a transparent performance evaluation and incentive mechanism for senior management to promote long-term stability and growth[156]. - The company has maintained a strict adherence to the Company Law and Securities Law, ensuring no significant discrepancies in corporate governance practices[158]. - The company held multiple shareholder meetings with participation rates ranging from 43.16% to 46.17% during the reporting period[162]. - The company has received recognition for its governance practices, including awards for "2024 Excellent Practice Case of Listed Company Board of Directors" and "2024 Best Practice Case of Board Office"[157]. Social Responsibility and Community Engagement - The company has made donations exceeding ¥10 million to various educational institutions and cultural heritage projects, demonstrating its commitment to social responsibility[86]. - The company is committed to maintaining a sustainable growth trajectory through innovative solutions and market expansion[121]. - The management team emphasized a commitment to sustainability, aiming for a 30% reduction in carbon footprint by 2025[10]. Employee and Compensation Policies - The total remuneration for the company's directors, supervisors, and senior management in 2024 amounted to CNY 14.6513 million[182]. - The employee compensation policy is being optimized to align with the company's overall development strategy, focusing on performance and market-oriented value distribution[196]. - The company has established a comprehensive training system to enhance employee skills and market competitiveness, including various training programs[197][198]. - The total number of employees at the end of the reporting period was 2,795, with 102 in the parent company and 2,693 in major subsidiaries[195].