BXLQ(SZ:002307)2025-04-22 13:40Financial Performance - The company's operating revenue for 2024 reached ¥10,215,145,038.52, representing a 20.37% increase compared to ¥8,486,554,381.89 in 2023[16]. - The net profit attributable to shareholders was a loss of ¥422,908,461.95, a significant decline of 1,412.27% from a profit of ¥32,227,131.19 in the previous year[16]. - The cash flow from operating activities showed a negative net amount of ¥158,991,557.09, down 127.45% from ¥579,127,303.46 in 2023[16]. - Basic and diluted earnings per share were both reported at -¥0.35, a decrease of 1,266.67% from ¥0.03 in 2023[16]. - Total revenue for the year reached approximately $10.21 billion, with a quarterly breakdown of $1.56 billion in Q1, $2.55 billion in Q2, $1.33 billion in Q3, and $4.78 billion in Q4[20]. - Net profit attributable to shareholders was negative in Q3 and Q4, with figures of -$5.51 million and -$427.93 million respectively, while Q1 and Q2 reported positive net profits of $5.93 million and $4.59 million[20]. - The net cash flow from operating activities showed significant volatility, with a negative cash flow of -$938.06 million in Q1, a positive flow of $355.26 million in Q2, and a strong recovery to $908.08 million in Q4[20]. Business Expansion and Diversification - The company has expanded its business scope to include new energy technology development and related services[15]. - The company is diversifying its business model by integrating infrastructure, new industrial sectors, and technology services, aiming to enhance its comprehensive service capabilities across the entire industry chain[26]. - The company has established a presence in 26 provinces and 9 countries, reflecting its commitment to national and international market expansion[26]. - The company successfully won multiple construction projects, including a significant solar power project with a capacity of 18.34GW, indicating a strategic expansion into renewable energy sectors[25]. - The company is focusing on technological upgrades and expanding into new sectors such as 5G infrastructure and renewable energy, positioning itself for future growth[26]. Assets and Liabilities - Total assets at the end of 2024 amounted to ¥56,392,623,494.35, reflecting a 3.98% increase from ¥54,235,206,556.35 in 2023[16]. - The net assets attributable to shareholders decreased by 12.47% to ¥3,017,299,997.77 from ¥3,447,103,253.78 in the previous year[16]. - Long-term borrowings accounted for 58.67% of total liabilities, increasing from 57.93% at the beginning of 2024[58]. - The company's total investment during the reporting period reached ¥1,735,663,754.52, representing a 69.28% increase compared to the previous year's investment of ¥1,025,349,737.37[61]. Research and Development - The company has obtained 208 patents, including 33 invention patents and 173 utility model patents, as well as 24 software copyrights[36]. - R&D expenses surged by 101.01% to ¥9.73 million, driven by increased research activities at Xinjiang Beixin Geotechnical Engineering Survey and Design Co., Ltd.[51]. - R&D personnel increased to 308 in 2024, a growth of 19.38% compared to 258 in 2023[54]. - The company is advancing its research on 200-meter large-span concrete rigid bridges, focusing on key technologies for construction, operation, and maintenance[52]. Safety and Quality Management - The company has established a comprehensive quality control system, achieving ISO9001 certification, with no reported project quality issues during the reporting period[29]. - The company has received multiple safety and environmental honors, including one provincial-level safety civilized construction site and six provincial-level safety and environmental awards[30]. - The company has implemented a long-term mechanism for hidden danger governance to continuously improve safety production practices[30]. - The company has a strong commitment to quality management, emphasizing customer satisfaction and sustainable development[29]. Shareholder Engagement and Governance - The company actively engages with minority shareholders through online voting, enhancing their participation in decision-making[76]. - The company has a dedicated investor relations management team to ensure effective communication with investors[79]. - The company has a clear organizational structure that operates independently from its major shareholders, with no interference in daily operations[81]. - The company held a temporary shareholders' meeting on January 16, 2024, with a participation rate of 46.54%, where several proposals were approved, including amendments to the Articles of Association and the Independent Director System[82]. Financial Management and Control - The company has implemented a comprehensive internal control system to enhance governance and operational efficiency[79]. - The internal control evaluation report indicates that all evaluated units accounted for 100% of the company's consolidated financial statements[124]. - The company has maintained effective internal control over financial reporting as of December 31, 2024, according to the internal control audit report[126]. - The company has not encountered any issues in the management and control of subsidiaries during the reporting period[123]. Environmental and Social Responsibility - The company actively engaged in environmental protection, achieving recognition as a provincial-level dust control demonstration site with five projects[129]. - Employee health and safety are prioritized, with annual free health check-ups and safety training implemented[128]. - The company has created 1,245 local jobs and contributed 23.08 million yuan in taxes to support local industry revitalization[130]. - The company is committed to sustainable development, integrating environmental protection with economic growth strategies[129].