儒竞科技(301525) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was ¥1,297,156,662.77, a decrease of 16.02% compared to ¥1,544,551,385.54 in 2023[21]. - The net profit attributable to shareholders for 2024 was ¥168,255,440.74, down 22.24% from ¥216,378,428.17 in 2023[21]. - The net profit after deducting non-recurring gains and losses was ¥132,904,669.38, a decline of 35.59% from ¥206,335,540.38 in 2023[21]. - The basic earnings per share for 2024 was ¥1.78, a decrease of 35.27% compared to ¥2.75 in 2023[21]. - The total assets at the end of 2024 were ¥3,957,642,571.53, a slight increase of 0.16% from ¥3,951,469,491.15 at the end of 2023[21]. - The company's cash flow from operating activities for 2024 was ¥98,036,527.57, an increase of 21.34% from ¥80,795,267.70 in 2023[21]. - The company reported a weighted average return on equity of 5.40% for 2024, down from 14.01% in 2023[21]. - The company achieved a total revenue of 129,715.67 million yuan, a year-on-year decrease of 16.02%[67]. - Revenue from the HVAC and refrigeration equipment sector was 81,661.65 million yuan, down 31.78% year-on-year, while revenue from the new energy vehicle thermal management sector increased by 47.23% to 45,320.79 million yuan[67]. - The company's net profit attributable to ordinary shareholders was 16,825.54 million yuan, a decline of 22.24% year-on-year, with earnings per share at 1.78 yuan[67]. Dividend Distribution - The company plans to distribute a cash dividend of 3.5 RMB per 10 shares to all shareholders, based on a total of 94,311,768 shares[4]. - The total cash dividend for 2024 is set at RMB 33,009,118.80, representing 100% of the profit distribution total[182]. - The company announced a cash dividend distribution plan for 2023, distributing RMB 4.50 per 10 shares, totaling RMB 42,440,295.60[181]. - For the 2024 interim dividend, the company plans to distribute RMB 2.00 per 10 shares, totaling RMB 18,862,353.60[181]. - The company’s cash dividend policy aligns with the Company Law and relevant regulations, ensuring shareholder interests are protected[184]. Research and Development - R&D expenses for 2024 are projected to reach 12,833.52 million yuan, an increase of 2,867.18 million yuan compared to the previous year, representing a growth of 29.61%[67]. - The company holds 65 invention patents, 125 utility model patents, 5 design patents, and 69 software copyright registration certificates, reflecting a strong commitment to R&D[60]. - The company aims to expand its product line in the new energy vehicle thermal management sector to meet diverse market demands and enhance brand influence[45]. - The company has developed a comprehensive technology platform in the new energy vehicle thermal management field, with products including electric compressor controllers and battery thermal management controllers[43]. - The company is focused on expanding its influence and competitiveness in the Asian market through the development of high-power drive products[87]. Market Position and Strategy - The company operates in the power electronics and motor control sector, focusing on energy-saving and intelligent control solutions, with key products including variable frequency drives and control systems for HVAC/R, new energy vehicle thermal management systems, and servo drives[30]. - The company is positioned to benefit from government policies promoting energy efficiency standards, equipment upgrades, and carbon reduction initiatives, which are expected to drive growth in the HVAC/R sector[31][32]. - The company is expected to leverage the growth in the HVAC/R and new energy vehicle sectors to enhance its market position and drive future revenue growth[30][33]. - The company is actively involved in the development of new technologies and products to meet the evolving needs of the new energy vehicle market, particularly in thermal management systems[33]. - The company is transitioning from a single component supplier to a system solution provider, expanding its product matrix across various fields in the new energy vehicle sector[72]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report[4]. - The report includes a detailed discussion of potential risk factors and countermeasures for future development[4]. - The company has reported ongoing uncertainties regarding its ability to continue as a going concern, which may impact future operations[21]. - The company has established a robust risk management system to address potential risks associated with international expansion, including policy and market fluctuations[127]. - The company has a comprehensive risk assessment system in place to identify and mitigate operational, policy, financial, industry, and management risks[191]. Governance and Compliance - The company has improved its governance structure in compliance with relevant laws and regulations[136]. - The company has established a governance structure that includes a board of directors and specialized committees to ensure effective decision-making and accountability[191]. - The company maintains strict compliance with information disclosure regulations, ensuring timely and accurate communication with shareholders through various channels[145]. - The company has established a long-term incentive mechanism through the 2024 restricted stock incentive plan to attract and retain talent, aligning the interests of shareholders, the company, and key team members[144]. - The company has a clear governance structure that complies with legal regulations, ensuring independent decision-making and management[151]. Employee and Training Development - The company has implemented a comprehensive annual training plan covering various aspects such as onboarding, skill enhancement, and new technologies[178]. - The training program aims to improve employee professional capabilities and overall quality, aligning with the company's development strategy[178]. - The company has a structured internal assessment framework to ensure resources are allocated to long-term high performers, effectively motivating employees[177]. - The company reported a total of 1,003 employees at the end of the reporting period, with 552 in production, 50 in sales, 333 in technical roles, 16 in finance, and 52 in administration[176]. - The educational background of employees includes 83 with master's degrees or higher, 346 with bachelor's degrees, and 574 with associate degrees or lower[176].