ZHENHUA(SZ:000733)2025-04-23 14:20Financial Performance - The company's operating revenue for 2024 was ¥5,219,282,776.27, a decrease of 32.99% compared to ¥7,789,286,189.22 in 2023[16] - The net profit attributable to shareholders for 2024 was ¥970,184,122.63, down 63.83% from ¥2,682,093,963.01 in 2023[16] - Basic earnings per share for 2024 were ¥1.7512, a decline of 65.85% from ¥5.1277 in 2023[16] - The company reported a significant increase in non-recurring gains, totaling CNY 132.38 million in 2024, compared to CNY 128.81 million in 2023[22] - The company reported a net profit attributable to shareholders of CNY 970 million, a decrease of 63.83% year-over-year[37] - The company's net profit for the fiscal year 2024 is CNY 1,091,776,579.32, after accounting for statutory and discretionary reserves totaling CNY 218,355,315.86[135] - The total distributable profit available for shareholders at year-end is CNY 1,654,057,234.41, with a cash dividend distribution plan of CNY 99,750,497.58, equating to CNY 1.80 per 10 shares[135] Cash Flow and Investments - The net cash flow from operating activities increased by 29.95% to ¥1,600,812,101.61 in 2024, compared to ¥1,231,863,787.38 in 2023[16] - The total cash inflow from investment activities rose significantly by 71.15% year-on-year to ¥5,213,527,796.15, mainly from the recovery of cash from structured deposits and the sale of stocks[52][55] - The net cash flow from financing activities decreased by 142.66% year-on-year, resulting in a net outflow of ¥908,427,308.76, largely due to a reduction in cash received from issuing stocks[52][56] - The company reported a retained undistributed profit of CNY 1,554,306,736.83 after the dividend distribution[135] Assets and Liabilities - Total assets at the end of 2024 were ¥18,062,430,877.13, reflecting a slight increase of 0.49% from ¥17,974,514,043.52 at the end of 2023[16] - The net assets attributable to shareholders increased by 2.79% to ¥14,749,329,513.19 at the end of 2024, compared to ¥14,348,600,240.98 at the end of 2023[16] - The total amount of accounts receivable decreased by 0.97% year-on-year, amounting to ¥4,577,863,060.31, as the company actively communicated with clients to manage collection pressures[62] - The long-term borrowings decreased by 1.44% year-on-year to ¥412,971,000.00, primarily due to the reclassification of some long-term borrowings to current liabilities[63] Research and Development - The company applied for a total of 395 patents during the reporting period, with 222 patents granted, including 79 invention patents, enhancing its innovation portfolio[30] - The number of R&D personnel increased by 6.21% to 1,231 in 2024, compared to 1,159 in 2023[50] - R&D investment amounted to ¥407,869,273.04 in 2024, a decrease of 18.70% from ¥501,687,273.64 in 2023[50] - The proportion of R&D investment to operating income rose to 7.81% in 2024 from 6.44% in 2023, an increase of 1.37%[50] Market and Competition - The company is facing increased competition in the basic components sector due to policy changes and market dynamics, impacting profit margins[37] - The company is strategically targeting emerging sectors such as commercial aerospace and new energy vehicles, which are expected to drive demand for electronic components[25] - The company has established a comprehensive sales network and is actively expanding into strategic emerging sectors such as commercial aerospace and new energy vehicles[32] Corporate Governance - The board of directors consists of 7 members, including 4 independent directors, complying with legal and regulatory requirements[102] - The company has established a performance evaluation system for senior management, linking their performance directly to compensation[103] - The company maintains complete independence from its controlling shareholders in terms of business, personnel, assets, and finance[105] - The company has a diverse board with members holding various positions in other organizations, enhancing governance and oversight[117] Environmental Compliance - The company has obtained environmental impact assessment approvals for its projects, including the switch and display control component R&D project[153] - The company holds valid pollution discharge permits for its subsidiaries, with one permit valid until September 14, 2028[154] - The company has implemented measures to ensure compliance with environmental protection regulations and standards[150] - The company reported a total wastewater discharge of 0.00035 million tons, with no exceedance of permitted limits for total phosphorus[155] Social Responsibility - The company is committed to social responsibility, integrating it into its development strategy and operations[170] - The company signed 14 new welfare and job management policies in 2024 to enhance employee rights protection[171] - A total of 288 safety inspections were conducted, identifying 904 safety hazards, all of which were rectified[174] - The company organized 50 volunteer activities, accumulating 500 hours of service in 2024[175]