Yanmade(SH:688312)2025-04-23 12:50Financial Performance - The company's revenue for 2024 reached ¥497,576,855.91, representing a 52.20% increase compared to ¥326,912,562.39 in 2023[21]. - Net profit attributable to shareholders for 2024 was ¥96,306,101.00, up 40.46% from ¥68,562,591.15 in 2023[21]. - The net profit after deducting non-recurring gains and losses for 2024 was ¥82,814,775.55, reflecting a 58.35% increase from ¥52,297,179.21 in 2023[21]. - The net cash flow from operating activities improved significantly to ¥37,396,938.91 in 2024, compared to a negative cash flow of ¥4,713,352.61 in 2023, marking an increase of 893.43%[21]. - The company achieved total operating revenue of 497.58 million yuan in 2024, representing a year-on-year increase of 52.20%[23]. - The net profit attributable to shareholders reached 96.31 million yuan, up 40.46% compared to the previous year[23]. - Basic earnings per share increased to 0.66 yuan, a rise of 37.50% year-on-year, while diluted earnings per share rose to 0.65 yuan, up 35.42%[23]. - The weighted average return on equity improved to 6.99%, an increase of 1.84 percentage points from the previous year[23]. - The gross margin for the specialized equipment manufacturing segment was 49.27%, a decrease of 1.25 percentage points compared to the previous year[102]. - The company achieved a main business revenue of 497.58 million RMB, an increase of 52.20% compared to the same period in 2023[99]. Research and Development - R&D expenses for 2024 were 121.08 million yuan, a 36.23% increase year-over-year, accounting for 24.33% of operating revenue[37]. - The company is focusing on expanding its business direction and enhancing core competitiveness through increased R&D efforts and personnel[78]. - The company has a total of 300 R&D personnel, representing 31.65% of the total workforce, emphasizing talent development and retention strategies[37]. - The company has developed multiple core technologies in testing measurement, including sensor testing and RF testing, with most technologies in batch use[58]. - The company is currently developing a high-stability RF testing probe technology, achieving a first-pass yield of no less than 99.9% in RF FPC testing projects[80]. - The company is focusing on the development of new technologies and products, including a fully automated testing system for automotive electronics[82]. - The company has established a strong patent portfolio across various technical fields, enhancing its competitive edge in the market[53]. - The company has accumulated 115 patents, demonstrating its commitment to innovation and technology leadership[195]. Market Strategy and Expansion - The company is focused on expanding its market presence and enhancing product development capabilities[15]. - Future outlook includes continued investment in new technologies and potential mergers and acquisitions to drive growth[15]. - The company aims to leverage advancements in smart wearable devices and MEMS technology to capture new market opportunities[15]. - The company is actively consolidating its market position in consumer electronics and expanding into new business areas, indicating a strategic focus on growth and innovation[24]. - The company plans to expand into the MEMS sensor testing field, with ongoing development of IMU testing equipment, targeting applications in consumer electronics and autonomous driving[136]. - The company plans to establish a factory in Thailand and has successfully launched its Hangzhou base, which is expected to significantly increase production capacity to meet growing delivery demands[137]. - The company is exploring acquisition opportunities in the tech sector, with a budget of 100 million allocated for potential deals[148]. - The company aims to maintain its leadership position in the FPC testing field by focusing on high-precision and high-efficiency upgrades of testing equipment, alongside the development of AI visual inspection systems[136]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from its accounting firm[4]. - There are no special arrangements for corporate governance applicable to the company[7]. - The company has not violated any decision-making procedures regarding external guarantees[7]. - The company has not experienced any situation where more than half of the directors cannot guarantee the authenticity, accuracy, and completeness of the annual report[7]. - The company has implemented a comprehensive training program for employees across various levels, enhancing overall management and operational capabilities[165]. - The company has established a robust internal control system to enhance operational efficiency and risk management across subsidiaries[184]. - The board of directors is responsible for the compensation plans of senior management, which are adjusted based on company performance and individual contributions[183]. Risks and Challenges - The company faces risks related to reliance on Apple, with a significant portion of revenue derived from the Apple supply chain[90]. - Future revenue growth is limited due to dependency on the Apple consumer electronics sector and the overall market capacity for FPC testing equipment[91]. - The company may face significant operational impacts if R&D projects fail to materialize into marketable products[88]. - The company faces risks from intensified market competition and potential challenges in expanding into automotive and communication sectors[96]. - Global economic fluctuations and trade policies may adversely impact the company's performance in the future[98]. Employee and Management Compensation - The total number of employees in the parent company and major subsidiaries is 948, with 372 in production, 24 in sales, 75 in management, and 477 in technical roles[163]. - Total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 5.893 million RMB[152]. - Total remuneration for core technical personnel at the end of the reporting period amounted to 769,200 RMB[152]. - The company has established a performance-based incentive system, providing annual performance bonuses that reflect employee contributions and company performance[164]. Environmental and Social Responsibility - The company invested 2.15 million yuan in environmental protection during the reporting period[188]. - The company has established comprehensive environmental management systems, including the "Environmental Management Measures" and "Waste Management Measures"[193]. - The company has not been subject to any administrative penalties due to environmental issues during the reporting period[190]. - The company promotes a culture of sustainability and encourages employees to adopt green practices in their work and life[186].