DFD(SZ:002407)2025-04-23 08:40Financial Performance - The company's operating revenue for 2024 was ¥8,206,948,327.21, a decrease of 31.25% compared to ¥11,937,564,553.28 in 2023[18]. - The net profit attributable to shareholders for 2024 was -¥308,486,753.57, representing a decline of 160.36% from ¥509,814,986.67 in 2023[18]. - The net cash flow from operating activities for 2024 was -¥311,754,739.47, a significant drop of 194.45% compared to ¥330,175,446.98 in 2023[18]. - The basic earnings per share for 2024 was -¥0.26, down 156.52% from ¥0.46 in 2023[18]. - Total assets at the end of 2024 were ¥23,366,944,325.69, an increase of 2.19% from ¥22,795,588,146.91 at the end of 2023[18]. - The net assets attributable to shareholders decreased by 8.95% to ¥8,522,314,839.52 at the end of 2024 from ¥9,312,830,619.65 at the end of 2023[18]. - The company reported a quarterly operating revenue of ¥1,321,696,685.00 in Q4 2024, down from ¥2,272,156,443.99 in Q3 2024[22]. - The net profit attributable to shareholders in Q4 2024 was -¥322,201,323.48, following a loss of -¥46,067,433.49 in Q3 2024[22]. - The company experienced a significant decline in net profit excluding non-recurring items, with a loss of -¥335,248,949.11 in Q4 2024 compared to a loss of -¥69,853,846.93 in Q3 2024[22]. - The company achieved operating revenue of 8.207 billion yuan, a year-on-year decrease of 31.25%[50]. - The total profit for the period was -365 million yuan, with a net profit attributable to shareholders of -308 million yuan, resulting in a basic earnings per share of -0.26 yuan[50]. Dividend Distribution - The company plans to distribute a cash dividend of 2 RMB per 10 shares to all shareholders, based on a total of 1,160,507,098 shares[4]. - The company implemented a cash dividend policy, distributing a total of 391,077,303.60 CNY, which represents 100% of the total profit distribution amount[182]. - The cash dividend per 10 shares is set at 2 CNY (including tax), based on a total share base of 1,160,507,098 shares[183]. - The company has provided sufficient opportunities for minority shareholders to express their opinions and protect their legal rights during the dividend distribution process[183]. Business Operations and Strategy - The company’s main business includes the production of inorganic salts and acids, with a focus on sustainable practices such as comprehensive waste utilization[15]. - The company has not reported any changes in its main business operations since its listing, indicating stability in its business model[15]. - The company emphasizes the need for investors to understand the difference between plans, forecasts, and commitments, highlighting the inherent risks in investment decisions[4]. - The company has indicated uncertainty regarding its ability to continue as a going concern, as the net profit for the most recent three accounting years has been negative[18]. - The company is focusing on sustainable development and technological innovation in the fluorochemical industry, particularly in high-performance fluorinated products for high-end applications[29]. - The company is focusing on integrating resources in the new energy battery market, emphasizing the establishment of a closed-loop system for recycling and reusing old batteries, and aims to achieve extreme cost reduction through product technology iteration[129]. - The company aims to achieve a stable growth in the new energy and new materials industry, with a strategic focus on "12345" goals by 2025[121]. Research and Development - The company holds 1,602 patent applications, with 1,024 patents granted, including 270 invention patents, and has established over 100 national and industry standards[43]. - The company plans to increase R&D investment and explore recycling paths for fluorine resources to meet market demand for green and efficient materials[57]. - The company is focusing on the development of high-performance, environmentally friendly fluorochemical products to enhance overall competitiveness in the fluorochemical industry[57]. - The company is developing new processes for high-purity lithium hexafluorophosphate, aiming for continuous and efficient production[90]. - The company is conducting research on sodium-ion battery materials to improve performance and reduce costs[90]. - The company has successfully developed low-cost long-cycle cathode materials, filling a gap in the market and enhancing product competitiveness[88]. - The company has completed the research on high-purity reagent purification technology for semiconductor processing, aiming to enhance production efficiency and reduce costs, thereby increasing market competitiveness[88]. Environmental Management - The company has a valid pollution discharge permit effective from January 8, 2025, to January 7, 2030[194]. - The company has implemented measures to enhance information disclosure quality and prevent errors in reporting[190]. - The company is committed to improving its environmental management practices in line with national standards[193]. - The company has implemented 4 projects for atmospheric pollution control, achieving a reduction of nitrogen oxides to 50 mg/m³, with a total emission of 3.95 tons[196]. - The company has established 14 projects for fluoride absorption, targeting a reduction to 3 mg/m³, resulting in an emission of 0.65 tons[196]. - The company has set a target for future emissions of 1.84 mg/m³ for fluoride, demonstrating a commitment to reducing harmful emissions[197]. - The company has successfully reduced its particulate matter emissions to 19.71 mg/m³, significantly below the regulatory limit of 30 mg/m³[197]. - The company emphasizes strict compliance with environmental regulations and conducts regular dynamic monitoring of wastewater, waste gas, and solid waste emissions[198]. Governance and Management - The company has established a transparent performance evaluation and incentive mechanism for directors, supervisors, and managers, ensuring compliance with legal regulations[145]. - The company has a clear delineation of asset ownership and usage rights, ensuring that all assets are independently controlled and not subject to occupation by the actual controller[147]. - The company has implemented a robust investor relations management strategy to enhance communication and transparency with stakeholders[143]. - The company has established a governance structure that complies with relevant laws and regulations, with no significant issues identified[189]. - The company has a total of 15 pollution discharge points, with a reported emission of 1.79 tons, which is within the regulatory limits[194]. - The company has actively engaged in training and learning for its board members to enhance governance standards and compliance with laws and regulations[141]. - The company has a strong talent pool, including 4 recipients of the State Council Special Allowance and 15 senior professional titles, enhancing its innovation capabilities[49]. Market Trends and Projections - The global semiconductor market is expected to grow by 19% in 2024, reaching $630 billion, which will positively impact the demand for electronic information materials[30]. - The demand for lithium hexafluorophosphate (LiPF6) is projected to grow by 23.1% in 2024, with a total market size of 12.96 billion yuan, despite current overcapacity in the industry[34]. - The company’s fluorine-based new materials business is projected to benefit from a 4.6% year-on-year increase in China's electrolytic aluminum production, reaching 44.05 million tons in 2024[28]. - The shipment volume of power batteries, energy storage batteries, and digital batteries in 2024 is projected to be 780 GWh, 335 GWh, and 55 GWh, representing year-on-year growth of 23%, 64%, and 14% respectively[36]. - The company anticipates that the demand for high-purity electronic information materials will continue to rise, driven by advancements in AI, quantum computing, and carbon neutrality goals[32]. Risk Management - The report emphasizes the importance of risk awareness regarding future plans and development strategies, indicating potential risks and countermeasures in the management discussion section[4]. - The company has implemented risk control measures to mitigate price volatility risks associated with raw materials, including monitoring market changes and adjusting operational strategies[104]. - The company acknowledges risks from macroeconomic fluctuations and plans to enhance its risk management and internal control systems to mitigate potential impacts on production and financial performance[131]. - The company has established a management system for futures hedging business, clearly defining approval authority, business processes, and risk management protocols[104].