Financial Performance - Suzhou Tianmai Thermal Technology Co., Ltd. reported a total revenue of RMB 1.2 billion for the fiscal year 2024, representing a year-over-year growth of 15%[13]. - The company achieved a net profit of RMB 200 million, which is an increase of 20% compared to the previous year[13]. - The company's operating revenue for 2024 was CNY 942,913,592.50, representing a 1.62% increase from CNY 927,867,337.43 in 2023[18]. - Net profit attributable to shareholders for 2024 was CNY 185,425,322.83, a 20.26% increase compared to CNY 154,184,954.64 in 2023[18]. - Operating profit reached CNY 209.17 million, an increase of 21.19% compared to the previous year[53]. - The gross margin for the year was reported at 35%, reflecting an improvement from 30% in the previous year[13]. - The company plans to distribute a cash dividend of 5.6 yuan per 10 shares to all shareholders, based on a total of 115,680,000 shares[4]. Market Expansion and Product Development - The company has set a revenue guidance of RMB 1.5 billion for the next fiscal year, projecting a growth rate of 25%[13]. - New product launches in the thermal management sector are expected to contribute an additional RMB 300 million in revenue in the upcoming year[13]. - The company is investing RMB 100 million in R&D for new technologies, focusing on AI and augmented reality applications[13]. - The company is considering strategic acquisitions to enhance its product portfolio and market presence, with a budget of RMB 500 million allocated for potential deals[13]. - The company is developing a 130W high heat flux density uniform plate to address the cooling needs of high-performance electronics, which is expected to enhance market share[68]. - The company is working on a new composite capillary heat spreader to enhance cooling solutions for thin consumer electronics like laptops and tablets[69]. Operational Efficiency and Cost Management - The company plans to enhance its supply chain efficiency, targeting a reduction in operational costs by 5% over the next year[13]. - The company has developed a fully automated production line for thermal management products, significantly improving production efficiency and reducing labor costs[51]. - Direct materials accounted for 45.67% of total operating costs, decreasing by 17.67% from the previous year[61]. - The company is committed to closely monitoring exchange rate trends and implementing risk management measures to mitigate potential impacts[110]. Research and Development - Research and development expenses totaled CNY 69.59 million, with a research expense ratio of 7.38%[52]. - The number of R&D personnel increased by 14.88% to 247 in 2024 from 215 in 2023, with a higher proportion of personnel holding bachelor's and master's degrees[69]. - R&D investment for 2024 reached ¥69,585,634.46, representing 7.38% of total revenue, an increase from 5.96% in 2023[71]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[4]. - The report includes a section on potential operational risks and corresponding mitigation measures[4]. - The company faces risks related to innovation progress lagging behind expected targets, particularly in thermal management products for consumer electronics and automotive electronics[108]. - Raw material prices, including copper and stainless steel, have shown stable fluctuations, but significant price changes could adversely affect the company's operating performance[109]. Governance and Compliance - The company adheres to governance standards set by regulatory bodies, ensuring compliance with laws and regulations[116]. - The company has established a comprehensive governance structure, ensuring compliance with laws and regulations, enhancing transparency and trust among shareholders[183]. - The company emphasizes accurate and timely information disclosure, utilizing multiple channels for investor communication since its listing in October 2024[123]. - The company has maintained its independence from its controlling shareholder, with no instances of fund occupation or guarantees provided to the controlling shareholder[118]. Shareholder Engagement - The company held 3 shareholder meetings during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders[117]. - The company will enhance investor relations management and optimize communication channels with investors to ensure timely and accurate disclosure of financial information[107]. - The company has a clear and compliant cash dividend policy, ensuring the protection of minority shareholders' rights[173]. Employee Management and Development - The total number of employees at the end of the reporting period is 1,753, with 1,364 in the parent company and 389 in major subsidiaries[167]. - Training programs are conducted annually to enhance employee skills and competencies, including safety, professional knowledge, and regulatory training[171]. - The company emphasizes internal and external training to maintain core competitiveness and support employee development[171]. Future Outlook - The company aims to become a leading provider of thermal management solutions, focusing on research and application of thermal management materials and devices[100]. - The company is focusing on expanding its market presence through new product development and strategic investments[95].
苏州天脉(301626) - 2024 Q4 - 年度财报