Delian Group(SZ:002666)2025-04-23 13:35Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in the automotive parts segment[14]. - The company's operating revenue for 2024 was approximately ¥4.96 billion, a decrease of 12.91% compared to ¥5.69 billion in 2023[6]. - Net profit attributable to shareholders increased by 56.07% to approximately ¥68.78 million in 2024, up from ¥44.07 million in 2023[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 302.28% to approximately ¥83.38 million in 2024, compared to ¥20.73 million in 2023[6]. - Cash flow from operating activities increased by 76.20% to approximately ¥320.89 million in 2024, compared to ¥182.12 million in 2023[6]. - Basic and diluted earnings per share both rose by 50.00% to ¥0.09 in 2024, compared to ¥0.06 in 2023[6]. - Total assets at the end of 2024 were approximately ¥5.03 billion, a decrease of 4.02% from ¥5.24 billion at the end of 2023[6]. - Net assets attributable to shareholders increased by 3.07% to approximately ¥3.51 billion at the end of 2024, compared to ¥3.40 billion at the end of 2023[6]. - The total profit reached 8,160.17 million yuan, a year-on-year increase of 105.82%, while net profit attributable to shareholders was 6,877.57 million yuan, up 56.07%[49]. Market Strategy and Expansion - The company is focusing on expanding its market presence in the OEM and OES sectors, targeting a 20% increase in market share over the next two years[13]. - The company is exploring potential mergers and acquisitions to enhance its supply chain efficiency and product offerings[14]. - The company is implementing a new digital sales platform expected to increase online sales by 30% within the next year[14]. - The company has established a comprehensive supply and service platform for automotive fine chemicals, covering manufacturing, sales, service, and logistics[35]. - The company is expanding its retail channels through the authorized franchise of the "Delian 2S Automotive Service Flagship Store" system, integrating direct sales, franchises, and online sales[37]. - The company has developed new application scenarios for its coolant products in energy storage, wind energy, and nuclear energy, contributing to new growth points[38]. - The company plans to leverage partnerships with global automotive chemical giants to enhance its position in the automotive supply chain and expand its market presence[101]. - The company anticipates a 2.11 times increase in production capacity from its fundraising projects, which could enhance market share if sales projections are met[103]. Product Development and Innovation - The company has invested in new product development, with a budget allocation of RMB 50 million for R&D in electric vehicle components[14]. - The company is focusing on product innovation and upgrading to meet the increasing quality demands of consumers in the automotive aftermarket[37]. - The company has initiated several R&D projects, including epoxy sealants and automotive windshield adhesives, aimed at expanding market share in adhesive products[68]. - The company is in the trial production phase for several new products, including low-viscosity high-lubrication brake fluid and electric vehicle cooling fluids, targeting market expansion[68]. - The company is focusing on developing new technologies and products to meet the demands of the new energy vehicle market, including specialized cooling liquids and battery adhesives[70]. Risk Management and Challenges - The management highlighted the importance of risk management strategies in navigating market uncertainties, particularly in the context of global supply chain disruptions[4]. - The company anticipates a challenging market environment but remains optimistic about achieving its growth targets through strategic initiatives[4]. - Risks include fluctuations in raw material prices, particularly related to oil, which could impact profit margins and procurement strategies[104]. Corporate Governance and Compliance - The company held 4 shareholder meetings during the reporting period, ensuring compliance with legal regulations and maintaining transparency in decision-making processes[111]. - The board of directors consists of 7 members, including 3 independent directors, and held 11 meetings to enhance management and decision-making efficiency[112]. - The company has established an independent governance structure, ensuring separation from controlling shareholders in assets, personnel, and operations[115]. - The company has implemented a "Quality Return Dual Improvement" action plan, although details on its disclosure were not provided[109]. - The internal audit department has been established to oversee financial and operational compliance, enhancing risk control measures[114]. - The company maintains a commitment to transparency, ensuring timely and accurate information disclosure to all shareholders[113]. - The company has established a robust governance structure, including specialized committees to enhance decision-making processes[162]. Employee and Shareholder Relations - The company has a total of 1,160 employees, with 95 in the parent company and 1,065 in major subsidiaries[145]. - Employee composition includes 429 production staff, 371 sales personnel, 82 technical staff, 71 financial staff, 136 administrative staff, and 71 others[145]. - The company emphasizes a salary policy that aligns with job value and differentiates based on technical capabilities, ensuring employee growth aligns with corporate strategy[146]. - The company has implemented various training programs to enhance employee skills and adapt to development requirements[147][148]. - The company has a three-year shareholder dividend return plan (2024-2026), committing to distribute at least 30% of the average distributable profit in cash over any three consecutive fiscal years[149]. Financial Management and Internal Controls - The company has established a complete and independent financial accounting system in accordance with the "Enterprise Accounting System" requirements[117]. - The company maintained effective internal control over financial reporting as of December 31, 2024, according to the internal control audit report[158]. - The internal control evaluation report indicated that 100% of the company's total assets and operating income were included in the evaluation scope[157]. - The company has revised multiple internal control systems in accordance with new regulations from the CSRC and Shenzhen Stock Exchange[155]. - The company has not reported any significant internal control deficiencies during the reporting period[156]. Social Responsibility and Community Engagement - The company actively participates in social responsibility initiatives, donating 10,000 yuan to Jiangnan Village and 50,000 yuan to the Shanghai Children's Foundation[168]. - The company has been recognized as an "Outstanding Party Branch" and has engaged in various community service activities to strengthen its social ties[168]. - The company emphasizes employee welfare, providing various benefits such as subsidies for birthdays and significant life events, enhancing employee loyalty and sense of belonging[165].