积成电子(002339) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 reached ¥2,598,014,915, representing an increase of 8.86% compared to ¥2,386,562,980 in 2023[17]. - The net profit attributable to shareholders for 2024 was ¥31,601,162.9, a 2.13% increase from ¥30,943,428.3 in 2023[17]. - The net cash flow from operating activities decreased by 21.70% to ¥108,944,890.79 from ¥139,144,480.98 in the previous year[17]. - Total assets at the end of 2024 amounted to ¥4,391,476,649, reflecting a 4.11% increase from ¥4,217,996,280 in 2023[17]. - The basic earnings per share for 2024 remained stable at ¥0.06, unchanged from the previous year[17]. - The company reported a weighted average return on net assets of 1.76% for 2024, slightly up from 1.75% in 2023[17]. - The company reported a significant increase in overseas revenue, which grew by 83.13% to ¥73,705,127.59 compared to the previous year[42]. - The total revenue for the reporting period reached ¥2,598,014,915.14, representing an 8.86% increase compared to ¥2,386,562,989.38 in the previous year[42]. - In 2024, the company achieved a total revenue of 259,801.49 million yuan, representing a year-on-year growth of 8.86%, and a net profit of 3,160.12 million yuan, up 2.13% year-on-year[32]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥0.2 per 10 shares, totaling approximately ¥100,818.45 based on 504,092,274 shares[4]. - The company distributed a cash dividend of 0.2 RMB per 10 shares, totaling 10,081,845.48 RMB, which represents 100% of the profit distribution total[125][128]. Investment and R&D - The total investment in the power sector for 2024 is projected to be 608.3 billion yuan, a year-on-year increase of 15.3%[26]. - The company has established an independent R&D, production, sales, and service system to adapt to market needs and industry trends[28]. - The company aims to enhance its product offerings in the high-voltage relay protection field through strategic R&D initiatives[53]. - R&D investment increased by 17.38% to ¥207,044,277.07, representing 7.97% of operating revenue[54]. - The number of R&D personnel rose to 878, a 3.91% increase from 845 in the previous year[54]. - The company launched new technologies, including a next-generation regional dispatch technology support system, which successfully passed network access testing and achieved provincial application breakthroughs[35]. - The company has ongoing R&D projects aimed at developing new protective devices and automation systems to enhance market competitiveness[53]. Market and Business Strategy - The company is positioned to provide comprehensive smart grid automation solutions, covering all aspects of the power system[28]. - The company is actively involved in the development of energy management solutions for high energy-consuming enterprises and public buildings[28]. - The company emphasizes the importance of innovation based on business scenarios for new product development[80]. - The company aims to expand its business in renewable energy, energy storage, and information security sectors[74]. - The company will focus on enhancing its R&D capabilities and optimizing product structures to mitigate technology risks[76]. - The company anticipates increased market competition and plans to strengthen its technological and brand advantages[77]. Governance and Compliance - The company maintains independence in operations, with no controlling shareholder influencing decisions[86]. - The board consists of nine members, including three independent directors, ensuring compliance with governance standards[87]. - The company has established a dedicated financial department, ensuring independent financial management and decision-making[93]. - The company has a complete and independent business system, with no reliance on shareholders for operations[91]. - The company actively engages with minority shareholders through various communication channels, ensuring transparency[85]. - The company revised its articles of association and independent director working rules in February 2024, enhancing corporate governance[84]. - The company conducted a temporary shareholders' meeting on March 18, 2024, with 26.32% investor participation, approving amendments to governance documents[94]. Risks and Challenges - The company does not foresee any significant risks affecting its normal operations[4]. - The company has experienced negative net profits for the last three accounting years, raising concerns about its going concern ability[22]. - The company will implement measures to improve internal control and management processes to address management risks[78]. - The company aims to attract and retain high-level technical and management personnel to mitigate human resource risks[79]. Social Responsibility and Environmental Initiatives - The company has implemented measures to reduce carbon emissions, including purchasing 1,200 MWh of green electricity, which is estimated to reduce CO2 emissions by approximately 985.2 tons[138]. - The company has been recognized as a "Green Factory" in Shandong Province and a "Green Supply Chain Management Enterprise" in Jinan City[138]. - The company actively engages in social responsibility initiatives, including poverty alleviation and rural revitalization efforts through agricultural procurement and educational support[140]. Audit and Financial Reporting - The audit opinion for the financial statements was a standard unqualified opinion, issued by Xinyong Zhonghe Accounting Firm[194]. - The company's revenue recognition is a key audit matter due to the inherent risk of management manipulating revenue to meet specific targets[197]. - The company’s audit report was signed on April 23, 2025, by registered accountants Shi Yuchun and Yang Zhiqiang[194]. Employee and Management Structure - The total number of employees at the end of the reporting period is 3,139, with 1,734 being technical personnel[121]. - The company has a comprehensive training system aimed at enhancing management skills and business capabilities, focusing on talent development[124]. - The company has 2 employees with doctoral degrees and 360 with master's degrees, indicating a highly educated workforce[122]. - The company’s management team has seen no changes in shareholdings during the reporting period[96]. - The company has a strong management team with members holding advanced degrees in engineering and finance, contributing to its strategic direction[100][101][102].