长高电新(002452) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 reached ¥1,760,159,324.22, representing a 17.86% increase compared to ¥1,493,382,897.55 in 2023[6]. - Net profit attributable to shareholders for 2024 was ¥252,103,936.87, a significant increase of 45.66% from ¥173,076,512.15 in 2023[6]. - The net profit after deducting non-recurring gains and losses was ¥242,223,202.69, up 55.65% from ¥155,620,574.20 in 2023[6]. - The net cash flow from operating activities for 2024 was ¥340,969,417.21, an increase of 34.80% compared to ¥252,941,946.10 in 2023[6]. - The company's total assets at the end of 2024 were ¥3,522,447,313.23, an 8.68% increase from ¥3,241,125,614.56 at the end of 2023[20]. - The company reported a basic earnings per share of ¥0.4064 for 2024, reflecting a 45.66% increase from ¥0.2790 in 2023[6]. - The company achieved a total revenue of ¥1,760,159,324.22, representing a year-on-year growth of 17.86%[51]. - The net profit attributable to shareholders reached ¥252,103,936.87, an increase of 45.66% compared to the previous year[51]. Dividend and Shareholder Returns - The company reported a cash dividend of 0.8 yuan per 10 shares, totaling approximately 49.67 million yuan for all shareholders[6]. - The company will distribute a cash dividend of 0.80 yuan per 10 shares, amounting to 49,626,566.80 yuan, without issuing new shares or increasing capital reserves[163]. - The total amount for cash dividends and stock repurchases in 2024 is 129,629,396.80 yuan, representing 51.42% of the net profit attributable to shareholders[164]. - The company approved a three-year shareholder dividend return plan during the temporary shareholders' meeting[126]. - The company’s profit distribution plan aligns with its three-year shareholder return strategy for 2023-2025[163]. Research and Development - The company maintains a strong focus on research and development of new technologies, particularly in high-efficiency transformers and gas-insulated switchgear[11]. - The company has established a strong R&D platform with five national-level innovation centers, enhancing its core competitiveness through continuous technological innovation[40]. - The company has developed advanced technologies for high-voltage products, including 500kV high-altitude switches and ±1100kV DC isolating switches, maintaining a leading position in R&D and manufacturing[41]. - The company is advancing multiple R&D projects aimed at diversifying product offerings and enhancing market competitiveness[69]. - The company’s R&D investment increased by 23.93% to ¥94,003,679.31 in 2024, representing 5.34% of total revenue[71]. - The company has implemented various training programs to enhance employee skills and safety awareness throughout the year[157]. Market Expansion and Strategy - The company is actively involved in market expansion efforts, particularly in the renewable energy sector[11]. - The company is positioned in the electrical machinery and equipment manufacturing industry, focusing on power transmission and distribution equipment and renewable energy development[28]. - The company plans to continue expanding its market presence and product offerings in the new energy sector[60]. - The company is focusing on the development of new products such as 363kV GIS, 800kV GIS, and 1100kV GIS to expand market reach[108]. - The company is actively exploring overseas markets to diversify its order sources and reduce customer concentration[108]. Risks and Challenges - The company faces various risks including industry risk, market risk, and raw material price fluctuation risk, which could impact profitability[6]. - The fluctuation in raw material prices, particularly copper, aluminum, and steel, poses a risk to profit margins, but the company has strategies in place to mitigate this impact[109]. - The company faces multiple risks during its expansion phase, including cash flow pressure and market competition, which require effective risk management strategies[111]. Corporate Governance and Management - The company emphasizes the importance of accurate financial reporting and has ensured compliance with legal responsibilities[5]. - The company has maintained stability in its executive team, with no resignations or dismissals reported during the period[129]. - The company has a structured governance framework with a board of directors comprising nine members, ensuring independent oversight and effective decision-making[191]. - The company has improved its corporate governance structure in compliance with relevant laws and regulations, with no unresolved governance issues[119]. Environmental Compliance - The company received a pollution discharge permit valid from July 30, 2023, to July 29, 2028, indicating compliance with environmental regulations[176]. - The company has implemented measures to adhere to air and water pollution discharge standards as per national regulations[176]. - The company is committed to maintaining compliance with national pollution discharge standards, including GB 8978-1996 for wastewater[181]. - The company has established a comprehensive monitoring plan for air and water emissions, including specific limits for various pollutants[178]. Employee Engagement and Compensation - The total number of employees at the end of the reporting period is 1,904, with 122 in the parent company and 1,782 in major subsidiaries[149]. - The company has established a salary system that balances internal equity and market competitiveness, aiming for alignment between responsibility and benefits, capability and value, risk and return, and performance and income[151]. - The company has a structured remuneration decision-making process involving the remuneration and assessment committee[152]. - The company’s employee stock ownership plan includes 99 employees holding a total of 13,182,200 shares, representing 2.13% of the total shares[166]. Investment and Financial Management - The company has significant restricted cash of ¥21,106,824.56 due to bank acceptance bills and guarantees, down from ¥23,426,487.59 at the beginning of the year[80]. - The company reported investment income of ¥7,425,798.50, contributing 2.48% to total profit, indicating sustainable revenue sources[75]. - The company has not engaged in any derivative investments during the reporting period[88]. - The company has made strategic changes in collateral arrangements for financing, involving properties in Ningxiang Jinzhou New District[82].