三变科技(002112) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 reached ¥2,177,286,465.12, representing a 26.44% increase compared to ¥1,722,033,876.61 in 2023[19] - Net profit attributable to shareholders for 2024 was ¥120,771,220.10, a 35.11% increase from ¥89,389,644.62 in 2023[19] - The net profit after deducting non-recurring gains and losses was ¥117,724,704.46, up 36.53% from ¥86,226,605.21 in the previous year[19] - The cash flow from operating activities improved significantly to ¥91,600,548.25, compared to a negative cash flow of ¥187,435,954.72 in 2023, marking a 148.87% increase[19] - Basic earnings per share for 2024 were ¥0.46, reflecting a 35.29% increase from ¥0.34 in 2023[19] - Total assets at the end of 2024 amounted to ¥2,152,617,400.98, a 5.16% increase from ¥2,047,007,077.01 at the end of 2023[19] - Net assets attributable to shareholders increased by 21.55% to ¥656,338,886.19 from ¥539,992,207.30 in 2023[19] Revenue Segmentation - The revenue from the power distribution and control equipment segment was ¥2,136,219,205.1, accounting for 98.11% of total revenue, with a year-on-year growth of 27.22%[40] - The sales volume of power distribution and control equipment increased by 35.13% year-on-year, driven by enhanced market expansion and increased sales orders[44] - The company achieved a significant increase in overseas revenue, which rose by 195.90% year-on-year to ¥47,279,837.36, representing 2.17% of total revenue[40] Research and Development - The company holds 60 valid domestic patents, including 18 invention patents and 42 utility model patents[34] - The company obtained 2 invention patents and 3 utility model patents in 2024, enhancing its technological capabilities and brand development[36] - Research and development expenses increased by 17.83% to 75,102,924.87 CNY in 2024, driven by a higher number of R&D projects and increased investment[52] - The company’s R&D personnel count increased by 3.45% to 120 in 2024, although the proportion of R&D personnel to total staff decreased to 15.60%[56] Operational Efficiency - The company implemented a series of production management optimizations, including the completion of capacity enhancement projects, which improved production efficiency and reduced waste[37] - The gross profit margin for the power distribution and control equipment segment was 17.55%, showing a slight decrease of 1.30% compared to the previous year[42] - The main business cost for oil-immersed transformers in 2024 is 811,052,555.27 CNY, accounting for 45.60% of operating costs, up from 38.98% in 2023, reflecting a year-on-year increase of 6.62%[49] Market Strategy - The company plans to focus on expanding the new energy product market and developing new transformer products in 2024[35] - The company plans to strengthen research on macroeconomic and industry policies, adjust its product and market structure, and expand into emerging markets to increase market share[79] - The company is committed to improving its market competitiveness through cost reduction and enhancing the technological value of its products[79] Governance and Compliance - The company has established a governance structure and internal control system that complies with relevant laws and regulations, with no significant deficiencies reported during the reporting period[128] - The internal control self-assessment report for 2024 indicates that 100% of the company's total assets and operating income were included in the evaluation scope[131] - The company has a dedicated internal audit department to oversee financial operations and ensure compliance with laws and regulations[90] Shareholder Engagement - The company has conducted four shareholder meetings during the reporting period, ensuring compliance with legal and regulatory requirements[84] - The company held its first temporary shareholders' meeting in 2024 with an investor participation rate of 18.45% on March 18, 2024[97] - The annual shareholders' meeting for 2023 had a participation rate of 19.69% on May 10, 2024[98] Environmental Management - The company completed a new environmental impact assessment for an annual production capacity of 40 million KVA, approved on May 6, 2023, and passed the completion environmental protection acceptance report in October 2024[136] - The company has invested a total of 477,451.8 yuan in environmental governance and protection from January to December 2024[142] - The company has not faced any administrative penalties related to environmental issues during the reporting period[143] Financial Oversight - The audit opinion for Sanbian Technology Co., Ltd. is a standard unqualified opinion, indicating that the financial statements fairly reflect the company's financial position as of December 31, 2024[199] - The audit was conducted in accordance with Chinese Certified Public Accountant auditing standards, ensuring independence and adherence to professional ethics[200] - The company has maintained its accounting policies without any changes or significant errors during the reporting period[150]