NCIC(SZ:002246)2025-04-23 12:55Financial Performance - The company's operating revenue for 2024 was ¥1,947,048,230.43, a decrease of 9.83% compared to ¥2,159,222,659.05 in 2023[23]. - The net profit attributable to shareholders for 2024 was a loss of ¥28,305,884.47, representing a decline of 150.99% from a profit of ¥55,514,623.63 in 2023[23]. - The total assets at the end of 2024 were ¥4,567,421,038.41, showing a slight decrease of 0.04% from ¥4,569,355,945.79 at the end of 2023[24]. - The company's net assets attributable to shareholders decreased by 1.79% to ¥2,829,250,904.72 at the end of 2024 from ¥2,880,788,595.40 at the end of 2023[24]. - The company achieved operating revenue of ¥1,947,048,230.43, a year-on-year decrease of 9.83%[67]. - The net profit attributable to shareholders was -¥28,305,884.47, a year-on-year decrease of 150.99%[67]. - The net assets attributable to shareholders decreased by 1.79% to ¥2,829,250,904.72 compared to the beginning of the period[67]. Dividend Distribution - The company plans to distribute a cash dividend of 0.2 RMB per 10 shares to all shareholders, based on a total of 549,034,794 shares[5]. - The cash dividend represents 100% of the total profit distribution amount[183]. - The company has a policy to distribute at least 10% of the annual distributable profit as cash dividends[177]. - The total distributable profit for the company is 1,073,163,744.65 yuan[182]. - The cash dividend distribution is based on a total share capital of 549,034,794 shares[183]. - The company aims to ensure that cash dividends account for a minimum of 20% of the profit distribution when there are significant capital expenditure plans[177]. Business Operations and Strategy - The company’s main business scope includes the production of nitrocellulose and sulfuric acid, as well as the design, development, and manufacturing of military protective equipment[21]. - The company has expanded its business to include general equipment manufacturing and non-ferrous metal smelting and processing since acquiring a controlling stake in Xiangyang 525 Pump Co., Ltd. in August 2013[20]. - The company anticipates stable demand in the special industrial pump industry, particularly in flue gas desulfurization and overseas markets, with growth expected in the mining and metallurgy sectors[33]. - The company plans to focus on transforming and upgrading its operations, leveraging smart engineering technology to enhance service offerings[33]. - The company has established a multi-business structure focusing on nitrocellulose, activated carbon, and special industrial pumps[37]. - The company aims to expand its market for activated carbon and catalysts, particularly in high-end markets where production capacity is currently lacking[35]. - The company is positioned as a key supplier for major global companies, enhancing its market presence across various regions[38]. Research and Development - The company holds a total of 55 authorized invention patents and 144 utility model patents, indicating strong R&D capabilities[54]. - Research and development expenses increased by 39.05% to CNY 115,551,988.41, driven by the addition of new projects[92]. - The company increased its R&D personnel by 19.70% from 401 to 480, with a notable rise in the number of PhD holders from 4 to 9, representing a 125.00% increase[95]. - R&D investment rose by 39.05% to approximately ¥115.55 million, accounting for 5.93% of total revenue, up from 3.85%[95]. - The company is focusing on developing high-performance carbon fiber pumps to enhance its competitiveness in the specialty pump sector[95]. Environmental Compliance - The company adheres to multiple environmental protection laws and industry standards, including the Air Pollution Prevention Law and the Water Pollution Prevention Law[192]. - The company has implemented pollution discharge standards as per the national regulations, ensuring compliance with environmental standards[195]. - The company has not encountered any major issues in the integration of subsidiaries during the reporting period[187]. - The company is committed to maintaining environmental standards and reducing emissions in its production processes[195]. - The company invested 28.63 million yuan in environmental protection expenses throughout 2024[198]. Governance and Management - The company has established a sound internal control system and improved its governance structure to protect investor interests[131]. - The board of directors consists of 9 members, including 3 independent directors, ensuring clear responsibilities and adherence to governance standards[133]. - The company has a clear supervisory structure with 3 supervisors, ensuring compliance and oversight of management activities[134]. - The company has implemented strict confidentiality procedures for undisclosed material information, controlling the range of informed personnel[135]. - The company has established a fair and transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management, ensuring compliance with legal regulations[135]. Market and Competitive Position - The company has a market share of 70% in the domestic phosphoric chemical pump market and 40% in the flue gas desulfurization pump market[60]. - The company has expanded its marketing network to over 50 countries and regions, enhancing brand recognition and customer customization capabilities[59]. - The company is exploring the development of superhydrophilic anti-fog coatings for transparent windows, aiming for long-lasting performance in extreme rescue environments[94]. - The company has established partnerships with three new distributors to enhance its supply chain and distribution network[154]. Employee and Talent Management - The total number of employees at the end of the reporting period is 2,766, with 672 in the parent company and 2,094 in major subsidiaries[169]. - The company emphasizes a salary policy that links employee compensation to company performance, departmental performance, and individual performance[171]. - The company plans to enhance training programs to improve employee skills and align with strategic goals, focusing on practical application and targeted training[172]. - The company has implemented a talent management system that includes a mechanism for introducing high-end talent and optimizing personnel allocation[66]. Future Outlook - The company plans to achieve a revenue target of 2.6 billion yuan and a total profit of 140 million yuan for the year 2025[125]. - The company will focus on the development of cellulose and its derivatives, chemical defense and environmental protection, and special industrial pumps during the "14th Five-Year Plan" period[123]. - The company plans to strengthen its capital operation platform and innovation empowerment platform to support the development of its three major industry sectors[123].