大地海洋(301068) - 2024 Q4 - 年度财报

Dividend Distribution - The company plans to distribute a cash dividend of 3 RMB per 10 shares (including tax) to all shareholders based on 107,986,182 shares, with no bonus shares issued[4]. - The company has a total of 107,986,182 shares outstanding, which will be the basis for the dividend distribution[4]. - The company’s profit distribution policy prioritizes cash dividends, aiming for a minimum of 10% of distributable profits to be allocated as cash dividends annually[196]. - The company’s cash dividend distribution plan for 2023 includes a cash dividend of 2.50 yuan per 10 shares, totaling 20,766,573.50 yuan (including tax) to be distributed to shareholders[199]. Financial Performance - The company's operating revenue for 2024 reached ¥946,810,650.86, representing a 0.99% increase compared to ¥937,504,798.77 in 2023[5]. - Net profit attributable to shareholders for 2024 was ¥85,969,624.20, a significant increase of 54.99% from ¥55,467,683.74 in 2023[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥80,015,000.75, up 69.20% from ¥47,289,302.61 in 2023[5]. - Cash flow from operating activities showed a remarkable increase to ¥125,568,784.43, a 423.23% rise from ¥23,998,887.98 in 2023[5]. - Basic earnings per share for 2024 were ¥0.79, reflecting a 54.90% increase compared to ¥0.51 in 2023[5]. - The total assets at the end of 2024 amounted to ¥1,352,728,577.44, a 1.37% increase from ¥1,334,452,931.47 at the end of 2023[5]. - The net assets attributable to shareholders increased by 6.06% to ¥874,610,836.95 at the end of 2024, compared to ¥824,626,080.91 at the end of 2023[5]. - The company reported a weighted average return on equity of 10.24% for 2024, an increase of 3.35 percentage points from 6.89% in 2023[5]. Market Position and Opportunities - The company is positioned to benefit from the domestic recycling market due to the prohibition of "foreign garbage" imports, which has created a significant supply-demand gap in the recycling industry[31]. - The government policies promoting "urban mining" and "zero waste cities" are expected to enhance resource utilization efficiency, providing further growth opportunities for the company[32]. - The company is recognized as a leader in hazardous waste disposal and resource utilization, continuously innovating its technology and operational models[40]. - The household appliance industry in China is a trillion-level market, with significant production volumes, including 103.96 million refrigerators and 117.37 million washing machines in 2024[42]. - The company is positioned to benefit from the increasing demand for recycled resources driven by carbon neutrality goals and supportive policies[38]. Operational Highlights - The company has established stable partnerships with over 8,000 waste-producing units in Zhejiang Province, including more than 5,000 auto repair enterprises[40]. - In 2024, the company accounted for 40.02% of the standardized dismantling quantity of waste electrical and electronic products in Zhejiang Province, leading the region with 262.79 million units[42]. - The company operates within the "C42 Waste Resource Comprehensive Utilization Industry" sector, focusing on hazardous waste resource utilization and electronic waste dismantling[39]. - The company has implemented a "recycling utilization chain" system, controlling the entire lifecycle of hazardous waste from collection to disposal, maximizing economic benefits and minimizing environmental risks[69]. - The company has developed the "Little Ant" cloud data platform, integrating internet and IoT technologies for comprehensive tracking and data aggregation of hazardous waste management[70]. Revenue Breakdown - Revenue from hazardous waste amounted to ¥235,554,758.60, accounting for 24.88% of total revenue, with a year-on-year growth of 2.33%[82]. - Revenue from electronic waste was ¥694,428,764.43, making up 73.34% of total revenue, with a slight increase of 0.24% compared to the previous year[82]. - The gross profit margin for the hazardous waste segment was 31.30%, while the electronic waste segment had a gross profit margin of 11.17%[83]. Research and Development - The company’s R&D investment amounted to ¥16,914,497.93 in 2024, representing 1.79% of operating revenue, a decrease from 2.81% in 2023[93]. - Research and development expenses decreased by 35.76% to ¥16.91 million, primarily due to reduced direct material input[91]. - The company is developing new technologies aimed at reducing operational costs and environmental impact, including a new emulsifier and advanced waste treatment techniques[92]. Governance and Compliance - The company has established an independent internal audit system, with an audit committee overseeing communication and supervision of internal and external audits[144]. - The company maintains independent operations in terms of assets, personnel, finance, organization, and business, ensuring no resource occupation by the controlling shareholder[146][148][149][151]. - The company has a complete and independent corporate governance structure, complying with relevant laws and regulations[150]. Employee Management - The total number of employees at the end of the reporting period is 626, with 208 in the parent company and 418 in major subsidiaries[190]. - The company emphasizes a fair and competitive salary system, with a focus on performance management tailored to different departments and positions[192]. - The company plans to enhance its training programs to improve the quality and capabilities of its workforce, focusing on leadership development and core talent cultivation[193]. Future Outlook - The company will focus on the "waste-free city" initiative, enhancing the recycling logistics system and expanding the waste resource recycling industry chain[111]. - The company plans to strengthen its core business in waste resource recovery and expand market share by enhancing its processing capabilities for hazardous waste[115]. - The company will pursue mergers and acquisitions to integrate upstream and downstream resources, aiming to create a comprehensive recycling ecosystem[116].