HAIGUO(SZ:301063)2025-04-24 11:45Financial Performance - The company's operating revenue for 2024 was CNY 1,336,340,291.47, representing a 6.25% increase compared to CNY 1,257,789,440.58 in 2023[17]. - The net profit attributable to shareholders decreased by 40.24% to CNY 33,352,041.87 from CNY 55,811,119.81 in the previous year[17]. - The basic earnings per share fell by 44.07% to CNY 0.33 from CNY 0.59 in 2023[17]. - The total assets at the end of 2024 were CNY 2,364,619,201.86, a 6.64% increase from CNY 2,217,334,009.69 at the end of 2023[17]. - The net cash flow from operating activities was CNY 33,972,133.82, down 22.11% from CNY 43,615,482.76 in the previous year[17]. - The weighted average return on equity decreased to 2.17% from 4.37% in 2023[17]. - The net profit after deducting non-recurring gains and losses was CNY 27,952,649.10, a decrease of 39.00% from CNY 45,827,152.24 in the previous year[17]. - The company reported a net profit of 5,399,392.77 yuan for 2024, a decrease from 9,983,967.57 yuan in 2023, reflecting a decline of approximately 46.0% year-over-year[22]. - The company achieved a total sales volume of 113,522 tons in the reporting period, representing a year-on-year increase of 12.60%[66]. - The operating revenue reached 1,336.34 million yuan, up 6.25% year-on-year[66]. Revenue Breakdown - Revenue from wind power equipment components was 488.78 million yuan, accounting for 36.58% of total operating revenue, with a gross margin of -0.37%[68]. - The oil and gas equipment components business generated revenue of CNY 55,341.96 million, accounting for 41.41% of total revenue, with a gross margin of 21.08%, a year-on-year decrease of 6.39%[69]. - Revenue from oil and gas equipment forgings was CNY 553,419,614.21, a 6.17% increase compared to CNY 521,278,121.11 in 2023[73]. - Wind power equipment forgings revenue decreased by 7.86% to CNY 488,776,262.04 from CNY 530,483,852.53 in 2023[71]. - Domestic sales accounted for 59.39% of total revenue, increasing by 13.07% year-on-year, while international sales decreased by 2.37% to 40.61%[72]. Investment and R&D - R&D investment amounted to ¥41,700,600.84 in 2024, representing 3.12% of operating revenue, a decrease from 3.30% in 2023[84]. - The number of R&D personnel increased by 14.74% from 95 in 2023 to 109 in 2024[84]. - The company completed several key R&D projects aimed at enhancing product performance, including high-strength components for nuclear and oil & gas equipment, achieving industry-leading standards[81][83]. - The R&D projects focus on improving strength, impact toughness, and corrosion resistance in harsh environments, particularly for deep-sea oil equipment[83]. - The overall R&D investment has shown a slight decline compared to previous years, reflecting a strategic focus on efficiency and targeted innovation[84]. Operational Changes and Strategies - The company has maintained its core business model without changes, focusing on high-end equipment manufacturing and technological innovation[42]. - The company aims to enhance its R&D capabilities and transition towards intelligent and information-based manufacturing processes[42]. - The company is actively expanding its market presence and adapting strategies in response to global economic pressures and industry trends[65]. - The company has implemented a customized operational management system, achieving efficient production with a small-batch, multi-variety model[62]. - The company aims to enhance its production and manufacturing capabilities, establishing a competitive advantage centered on product quality and process technology[102]. Governance and Compliance - The company has established a comprehensive internal control system to ensure effective governance and risk management[122]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[118]. - The company maintains independent operations and management, ensuring no interference from controlling shareholders[117]. - The company has a dedicated investor relations management system to enhance communication and transparency with investors[121]. - The company has a strict information disclosure policy, ensuring timely and accurate communication of financial information[120]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of CNY 1.5 per 10 shares to all shareholders, based on a total share base of 102,305,258 shares[5]. - The company distributed cash dividends of RMB 1.5 per 10 shares, totaling RMB 15,345,788.70, which represents 100% of the total profit distribution amount[166]. - The total distributable profit for the period was RMB 410,732,881.75[167]. - The company’s cash dividend policy was executed in accordance with its articles of association and shareholder resolutions[167]. Market and Industry Trends - In 2024, the global oil price averaged $79.86 per barrel, influenced by OPEC+ production cuts and geopolitical factors, leading to a stable yet fluctuating market environment[28]. - China's natural gas consumption reached 422.2 billion cubic meters in 2024, representing a year-over-year growth of 7.8%[30]. - The wind power sector in China saw a cumulative installed capacity of 521 million kilowatts by the end of 2024, a growth of 18% compared to the previous year[34]. - In 2024, China's wind power equipment exports reached 5,194 MW, with over 20 countries and regions involved, highlighting significant international market expansion[41]. Employee and Management Structure - The company has a total of 766 employees, with 530 in production, 33 in sales, 109 in technical roles, 7 in finance, and 87 in administration[162]. - The educational background of employees shows that 473 have a high school education or below, 184 hold an associate degree, 100 have a bachelor's degree, and 9 possess a master's degree[162]. - The company has implemented a salary policy that includes a base salary and performance bonuses, with performance bonuses for production staff based on output and product quality[163]. - The company’s management team includes professionals with diverse backgrounds, enhancing its operational capabilities[140][141]. Environmental and Social Responsibility - The company has been recognized as a Jiangsu Province Quality Credit AA-level enterprise in 2024, highlighting its commitment to quality and integrity[179]. - The company has implemented measures to reduce carbon emissions and is committed to sustainable development through technological innovation[180]. - The company has actively engaged in social responsibility initiatives, contributing a total of 110,000 yuan to local charitable projects in 2024[180]. - The company has not faced any administrative penalties for environmental issues during the reporting period, demonstrating compliance with environmental regulations[176].