POCO(SZ:300811)2025-04-22 12:10Financial Performance - The company's operating revenue for 2024 reached ¥1,662,941,446.86, representing a 43.54% increase compared to ¥1,158,519,582.05 in 2023[20]. - The net profit attributable to shareholders for 2024 was ¥375,721,710.48, a 46.90% increase from ¥255,770,907.53 in 2023[20]. - The net profit after deducting non-recurring gains and losses for 2024 was ¥366,825,670.36, up 53.32% from ¥239,254,790.61 in 2023[20]. - The total assets at the end of 2024 amounted to ¥3,079,908,959.29, a 22.62% increase from ¥2,511,722,012.35 at the end of 2023[20]. - The company's basic earnings per share for 2024 was ¥1.34, reflecting a 45.65% increase from ¥0.92 in 2023[20]. - The weighted average return on equity for 2024 was 18.00%, up from 14.59% in 2023, indicating improved profitability[20]. - Total revenue for 2024 reached approximately ¥1.66 billion, representing a 43.54% increase compared to ¥1.16 billion in 2023[63]. - Revenue from electronic components accounted for 99.80% of total revenue, with a year-on-year growth of 43.55%[63]. - The company achieved a revenue of 1.663 billion yuan, representing a year-on-year growth of 43.54%, with a net profit attributable to shareholders of 376 million yuan, up 46.90% year-on-year[48]. Dividend Distribution - The company plans to distribute a cash dividend of 2 RMB per 10 shares to all shareholders, based on a total of 288,405,986 shares[4]. - A cash dividend of 2.00 RMB per 10 shares was proposed for the 2024 profit distribution plan, totaling approximately 57.68 million RMB[114]. - The cash dividend distribution accounts for 100% of the total profit distribution amount, with a distributable profit of ¥1,140,996,835.47[167]. Research and Development - The company invested 117 million RMB in R&D in 2024, accounting for 7.04% of its total revenue[111]. - R&D expenses rose by 56.78% to approximately ¥117.14 million, driven by increased investment in research and personnel costs[70]. - The company plans to enhance its R&D capabilities in basic materials, achieving significant breakthroughs in metal soft magnetic material performance to support various applications[49]. - The company is actively pursuing market expansion and product innovation in response to the evolving needs of the consumer electronics and automotive electronics sectors[39]. - The company has completed several R&D projects, including the development of low-loss products and high-performance materials, aimed at enhancing market competitiveness[71]. Market Trends and Demand - The market for metal soft magnetic materials is expected to grow due to increasing demand in sectors like photovoltaics, new energy vehicles, and data centers[30]. - The demand for chip inductors is projected to rise significantly, driven by the explosive growth in AI computing power and the corresponding increase in AI server shipments, which are expected to grow by 46% in 2024[31]. - The global consumer electronics market is expected to reach $1.12 trillion in 2024, with a year-on-year growth of 2.99%[32]. - Global smartphone shipments are projected to reach 1.22 billion units in 2024, reflecting a 7% year-on-year increase[32]. Operational Efficiency - The net cash flow from operating activities for 2024 was ¥112,425,148.39, a decrease of 30.32% compared to ¥161,345,972.44 in 2023[20]. - Sales revenue from metal soft magnetic powder cores reached 1.234 billion yuan, growing by 20.2% year-on-year, driven by demand in data centers and new energy vehicles[48]. - Inductor components experienced explosive growth, with sales revenue of 386 million yuan, a significant increase of 275.76% year-on-year, marking it as a key growth driver for the company[49]. - Inventory levels decreased by 25.50% year-on-year, indicating improved sales efficiency[65]. Corporate Governance - The company emphasizes strict compliance with information disclosure regulations, ensuring all shareholders have equal access to information[117]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[123]. - The company has established a complete and independent asset system, ensuring no shared assets with the controlling shareholder[130]. - The company maintains an independent financial accounting system, with no shared bank accounts with the controlling shareholder[132]. - The company has established specialized committees within the board to support scientific decision-making[123]. Risk Management - The company faces risks from macroeconomic factors and market volatility, particularly due to geopolitical tensions and domestic policy changes affecting the renewable energy sector[102]. - Technological risks are present due to rapid industry changes, necessitating continuous R&D investment and timely product updates to maintain competitiveness[103]. - Management risks may arise from the company's rapid growth, requiring adjustments in management systems and internal controls to ensure operational efficiency[104]. - The company anticipates intensified market competition, necessitating strategic responses to maintain its competitive edge[105]. Social Responsibility - The company has actively participated in social responsibility initiatives, including donations to support local community projects[188]. - The company has committed to donating a total of 300,000 RMB to Fuzhou University over three years, with 100,000 RMB already donated as of the reporting period[187]. - The company has established a scholarship program at Huazhong University of Science and Technology, committing a total of 500,000 RMB over five years, with 200,000 RMB donated to date[187]. - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, ensuring timely and quality information disclosure[185]. Employee Management - The total number of employees at the end of the reporting period is 2,641, with 2,200 in production, 49 in sales, 257 in technology, 18 in finance, and 117 in administration[160]. - The company has a comprehensive performance evaluation system to determine annual salary distribution, ensuring that employee compensation matches their contributions[162]. - The company has established a multi-dimensional training system to enhance employee skills, focusing on both new hires and current employees[163]. - The company emphasizes employee rights protection and has a well-defined salary management system to attract and motivate talent[161]. Future Plans - In 2025, the company plans to maintain a focus on risk management while expanding its market presence, aiming to achieve long-term goals outlined in the "Four-Five Plan"[96]. - The company will increase R&D investment, aiming to elevate the performance of metal soft magnetic powders to a world-leading level and optimize new products based on market demand[97]. - The marketing strategy for 2025 will focus on enhancing connections with end-users and increasing market share of high-value-added products, including new magnetic powder cores and chip inductors[98]. - A total of 300 million yuan will be raised for the construction of a new high-end integrated inductance project, enhancing production capabilities and meeting new product requirements[99].