FAST PRINT(SZ:002436)2025-04-24 11:15Dividend Distribution - The company plans to distribute a cash dividend of 0.3 yuan per 10 shares to all shareholders, based on a total of 1,689,599,079 shares[3]. - The company will not issue bonus shares or convert reserves into share capital in the profit distribution plan[3]. - The company has implemented a cash dividend policy, distributing a total of 81,724,459.87 CNY, which represents 100% of the total profit distribution amount[160]. - Each shareholder will receive a cash dividend of 0.3 CNY per 10 shares, with a total of 1,689,599,079.5 shares as the basis for distribution[161]. - The cash dividend amount distributed includes 31,108,487.50 CNY from other methods such as share repurchase[161]. - The company has not conducted any cash dividend distribution plans despite having positive distributable profits for the reporting period[161]. Financial Performance - The company's operating revenue for 2024 was ¥5,817,324,197.22, an increase of 8.53% compared to ¥5,359,923,893.28 in 2023[20]. - The net profit attributable to shareholders for 2024 was -¥198,289,785.26, a decrease of 193.88% from ¥211,212,047.25 in 2023[20]. - The net cash flow from operating activities increased by 199.53% to ¥375,814,830.73 in 2024, compared to ¥125,467,202.79 in 2023[20]. - The company reported a basic earnings per share of -¥0.12 for 2024, down 192.31% from ¥0.13 in 2023[20]. - The gross profit margin for 2024 was 15.87%, a decrease of 7.45 percentage points compared to the previous year[46]. - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, with a figure of -¥195,768,453.58 for 2024[20]. Market and Industry Outlook - The global PCB industry is expected to grow by 5.8% in 2024, reaching a market value of $73.565 billion, driven by demand in AI and high-speed networks[30]. - The market for high-layer and HDI boards is projected to see significant growth, with expected market sizes of $34.31 billion and $138.16 billion respectively by 2025[30]. - The Americas market is experiencing rapid growth due to stable demand in defense and aerospace sectors, while the European market is declining due to weak automotive and industrial demand[31]. - The PCB industry is expected to experience a cyclical recovery from previous downturns, impacting competitive dynamics and industry requirements[101]. - The PCB industry is showing signs of a slow recovery in 2024, with expectations for continued growth in 2025, driven by advancements in AI and high-performance PCB upgrades[102]. Research and Development - The company invested approximately $44,229.68 million in R&D during the reporting period, accounting for 7.60% of its total revenue[39]. - The company has filed a total of 75 patent applications during the reporting period, including 31 invention patents and 43 utility model patents[41]. - The company is committed to continuous R&D investment to enhance technical capabilities and seize industry upgrade opportunities[105]. - The company is focusing on high-density interconnect (HDI) boards and substrate-like PCBs (SLP) to expand its presence in high-end markets such as optical modules and millimeter-wave communications[36]. - The company is investing in R&D for FCBGA packaging substrates, with a projected completion date in Q3 2024[109]. Operational Challenges - The company is facing uncertainty regarding its ability to continue as a going concern, as indicated by negative net profits in recent years[21]. - The company is facing risks from macroeconomic fluctuations, with strategies in place to improve operational efficiency and financial stability[104]. - The company has not experienced any changes in its main business since its listing[19]. - The company is experiencing a decline in Q3 2024 performance, attributed to industry-wide challenges[110]. - The company has faced challenges in achieving projected growth due to adverse macroeconomic conditions affecting industry demand[93]. Corporate Governance - The company has established a complete and independent governance structure, complying with relevant laws and regulations, with no administrative measures taken by regulatory authorities during the reporting period[115]. - The board of directors consists of seven members, including three independent directors, ensuring compliance with legal requirements and effective decision-making[117]. - The company actively engages in investor relations management, ensuring fair access to information for all shareholders and maintaining communication through various channels[119]. - The company has established specialized committees under the board of directors, including audit, nomination, and remuneration committees, to enhance governance[117]. - The company has a robust internal control system in place, continuously improving operational standards and compliance with governance norms[115]. Environmental Compliance - The company has established a comprehensive environmental management system, including online monitoring for water quality and organic waste gas[196]. - The company is focused on adhering to the comprehensive pollution discharge standards for wastewater and air pollutants[190]. - The company has implemented measures to monitor and control emissions of various pollutants, including ammonia at 1.660 against a standard of 0.104[190]. - The company reported a total of 14 factories, with emissions monitored across various pollutants[192]. - The company is committed to improving its environmental performance across all operational facilities[190]. Employee Management - The total number of employees at the end of the reporting period is 7,920, with 4,758 in production, 308 in sales, 1,766 in technology, 129 in finance, and 959 in administration[153]. - The company has a comprehensive talent development system focusing on talent cultivation, qualification system construction, and online learning platform development[157]. - The compensation policy is performance-oriented, linking individual performance to organizational outcomes to encourage efficiency and mutual benefits[155]. - Senior management compensation includes a base salary and annual performance bonuses, with evaluations based on operational targets and individual contributions[156]. - The company has a structured approach to assess and incentivize senior management, ensuring alignment with both short-term profitability and long-term strategic goals[156].