COMPLANT(SZ:000151)2025-04-23 12:25Financial Performance - The company reported a total revenue of RMB 337,370,728 for the fiscal year 2024, with no cash dividends or stock bonuses proposed[4]. - The company's operating revenue for 2024 was ¥1,226,342,450.19, a decrease of 60.02% compared to ¥3,067,328,627.17 in 2023[19]. - The net profit attributable to shareholders for 2024 was -¥305,544,211.46, representing a 16.33% increase in losses compared to -¥262,659,022.14 in 2023[19]. - The net cash flow from operating activities for 2024 was -¥15,434,233.58, a decline of 102.57% from ¥599,459,359.85 in 2023[19]. - The total assets at the end of 2024 were ¥2,349,431,779.83, down 28.84% from ¥3,301,727,453.14 at the end of 2023[19]. - The company reported a basic earnings per share of -¥0.9057 for 2024, a decrease of 16.34% from -¥0.7785 in 2023[19]. - The company reported a net profit of -134,772,288.34 CNY for the year 2024, resulting in a total distributable profit of -639,983,214.87 CNY after accounting for previous undistributed profits[124]. - The company did not declare any profit distribution for the year 2024 due to operating losses and negative distributable profits[124]. Governance and Compliance - The board of directors has confirmed the accuracy and completeness of the financial report, ensuring no misleading statements or omissions[4]. - The company emphasizes accurate and timely information disclosure, improving the quality of investor relations management[91]. - The company has established a new independent director working system to enhance governance[90]. - The supervisory board conducts oversight of the company's operations, financial performance, and executive responsibilities[91]. - The company has revised and improved its governance structure, including updates to the Articles of Association and various meeting rules[90]. - The company has implemented a robust internal control evaluation process, contributing to effective governance and operational integrity[114]. - The company has established clear responsibilities and authority for its governance structure, ensuring rigorous decision-making processes[130]. Risks and Future Outlook - The company is facing potential risks in its future operations, which are detailed in the management discussion section of the report[4]. - The company emphasizes the importance of reading the forward-looking statements carefully, highlighting investment risks[4]. - The company has faced uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profit figures over the past three years[19]. - The company is closely monitoring international business risks, including political, economic, and legal factors in host countries, to improve risk response capabilities[82]. - The company is implementing measures to manage exchange rate risks, including engaging in forward foreign exchange contracts to mitigate potential adverse impacts[83]. Environmental and Social Responsibility - The company has maintained its commitment to environmental and social responsibilities, addressing major environmental issues[7]. - The company is committed to environmental sustainability, aligning with national goals for carbon peak and carbon neutrality through the application of composite materials[30]. - The government emphasizes green and low-carbon development, which is expected to create favorable conditions for the company's environmental technology business[29]. - The company actively participates in social responsibility initiatives, including consumption poverty alleviation and targeted poverty alleviation activities[141]. Research and Development - The company is focusing on technological innovation and has obtained numerous patents, including those related to waste treatment and composite materials[44]. - R&D expenses increased by 7.30% to CNY 29,100,752.15, primarily due to higher investment in composite materials research[61]. - The company is increasing R&D investment intensity and expanding its R&D personnel team to enhance technological innovation capabilities[79]. Shareholder and Capital Structure - The company issued a total of 41,390,728 shares to strategic investors, which will become unrestricted tradable shares on June 11, 2024, after a 36-month lock-up period[195]. - The largest shareholder, China National Complete Engineering Corporation, holds 39.79% of the shares, totaling 134,252,133 shares[199]. - The company has a total of 31,165 shareholders at the end of the reporting period, an increase from 27,711 at the end of the previous month[199]. - The strategic investors include Gansu Construction Investment and Xinjiang Production and Construction Corps, enhancing the company's capital structure[195]. Legal Matters and Litigation - The company is involved in a significant lawsuit with Tianjin Jinchen Steel Market, with a disputed amount of CNY 39.61 million[157]. - The company has initiated arbitration against Kai Fu Investments Limited, claiming USD 2.687 million in agency fees and related interests[159]. - The company reported a lawsuit involving a claim of patent infringement against Suzhou Taigao Chimney Technology Co., Ltd. and Yade (Shanghai) Environmental Systems Co., Ltd., with a claim amount of 51 million yuan[166]. - The company has ongoing litigation against Dan Dong Lian Cheng Industrial Co., Ltd. for damages amounting to 2.91 million yuan, with the court ruling that the defendant has no assets available for execution[166]. Operational Performance - The company achieved operating revenue of 1.226 billion yuan, with a net profit attributable to shareholders of -306 million yuan[31]. - The composite materials business generated operating revenue of 163 million yuan, representing a 38% increase year-on-year due to expanded production capacity[38]. - The environmental technology business reported operating revenue of 474 million yuan, a decrease of 11% compared to the previous year[36]. - The engineering contracting business, specifically the Ad Company, realized operating revenue of 374 million yuan, a significant decrease of 82% year-on-year[33]. Employee and Management Structure - The total number of employees at the end of the reporting period was 698, with 327 in production, 87 in sales, 100 in technical roles, 36 in finance, and 148 in administration[120]. - The company has established a salary distribution system linked to employee responsibilities, risks, and performance, including various management measures for salary and performance assessment[121]. - The company has implemented an annual training plan based on training needs assessment to enhance employee skills and align with business development[122]. Financial Management - The company has a structured decision-making process for determining the remuneration of directors and senior management, involving the remuneration and assessment committee[105]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 645.58 million[106]. - The company has not paid any remuneration to the current directors, with the exception of the employee director who received CNY 67.3 thousand[106].