ZYNP(SZ:002448)2025-04-24 12:25Financial Performance - The company's operating revenue for 2024 reached ¥3,310,138,733.30, representing a 15.57% increase compared to ¥2,864,279,605.23 in 2023[6]. - The net profit attributable to shareholders decreased by 34.37% to ¥203,907,157.98 in 2024 from ¥310,697,786.66 in 2023[6]. - The basic earnings per share decreased by 33.96% to ¥0.35 in 2024 from ¥0.53 in 2023[6]. - The weighted average return on equity fell to 5.98% in 2024 from 9.67% in 2023, a decline of 3.69%[6]. - Total revenue for 2024 reached ¥3,310,138,733.30, a year-on-year increase of 15.57% compared to ¥2,864,279,605.23 in 2023[89]. - Revenue from the automotive parts manufacturing sector was ¥2,901,810,108.67, accounting for 87.66% of total revenue, with a 12.02% increase from ¥2,590,436,574.70 in 2023[89]. - The gross profit margin for the automotive parts manufacturing sector was 29.36%, a decrease of 1.49% from the previous year[92]. - The company reported a total revenue of 732.69 million USD, with a year-on-year growth of 9.89%[131]. - The company reported a net profit of 77.83 million USD, reflecting a growth of 5.48% compared to the previous period[131]. Cash Flow and Investments - The cash flow from operating activities dropped significantly by 55.93% to ¥115,623,500.78 in 2024, down from ¥262,338,859.95 in 2023[6]. - Operating cash inflow rose by 21.30% to ¥2,458,192,540.32, while cash outflow increased by 32.79% to ¥2,342,569,039.54, resulting in a net cash flow of ¥115,623,500.78, down 55.93% year-on-year[109]. - Investment cash inflow decreased by 25.01% to ¥1,068,462,860.62, with outflow down by 29.48% to ¥1,135,046,552.65, leading to a net cash flow of -¥66,583,692.03, an improvement of 63.96% from the previous year[110]. - Financing cash inflow increased by 56.80% to ¥1,034,785,710.85, while outflow rose by 11.46% to ¥977,552,131.92, resulting in a net cash flow of ¥57,233,578.93, up 126.36% year-on-year[110]. - The company reported a total investment of ¥171,975,250.64 during the reporting period, a decrease of 31.21% compared to the previous year's investment of ¥250,000,000.00[120]. Market Position and Expansion - The company maintained a market leadership position in the cylinder sleeve sector, recognized as a manufacturing industry champion[31]. - The company is actively expanding into hydrogen energy and fuel cell systems, establishing a comprehensive hydrogen energy industry layout[31]. - The company is progressing with the construction of its first overseas factory in Thailand, marking a new phase in its international expansion[72]. - The company plans to enhance its core capabilities in automotive engine components while focusing on hydrogen fuel cell technology development[134]. - The company aims to enhance its market position by actively developing foreign trade and establishing a leading position in the cylinder sleeve business[135]. - The company is exploring new strategic opportunities in the hydrogen energy sector to enhance its competitive edge[134]. Research and Development - The company has formed strong R&D capabilities through partnerships with top universities and research institutes, enhancing innovation in key areas such as internal combustion engine components and hydrogen fuel cell systems[50]. - R&D investment increased by 16.76% to ¥159,845,357 in 2024, representing 4.83% of operating revenue[109]. - The company has completed research on the industrial application of methanol and hydrogen fuel internal combustion engine cylinder liners, enhancing market competitiveness[104]. - The company has successfully developed high-performance aluminum-silicon alloys by incorporating rare earth elements, improving mechanical properties[105]. - The company is focused on developing new technologies and products, particularly in the hydrogen energy space, which aligns with global sustainability trends[173][175]. Risk Management - The company emphasizes the importance of risk factors in its future development outlook, urging investors to pay attention to potential risks[4]. - The company faces risks from raw material price fluctuations, particularly in pig iron, scrap steel, and non-ferrous metals, which could impact production costs and profitability[137]. - The company is exposed to international economic risks, particularly from the US market, and plans to enhance brand recognition and customer relationships[140]. - The company is focused on reducing goodwill impairment risks through continuous technological innovation and improved management systems[142]. Governance and Corporate Responsibility - The company has established effective internal controls to mitigate operational risks and enhance economic efficiency, supervised by the audit committee[155]. - The company adheres to strict information disclosure regulations, ensuring transparency and accuracy in communications with investors[156]. - The company respects the legitimate rights and interests of stakeholders, ensuring a balance of benefits among shareholders, suppliers, customers, and employees[154]. - The company is committed to ESG principles, investing in photovoltaic projects and promoting green factory initiatives to enhance sustainable development[87]. Employee and Talent Development - The company has recognized the importance of talent development, implementing reforms to strengthen its workforce and enhance innovation capabilities[86]. - The total number of employees at the end of the reporting period is 5,686, with 3,057 from the parent company and 2,629 from major subsidiaries[191]. - The company is committed to maintaining a stable employment environment and ensuring employee income stability through monthly salary management analysis[194]. - The company is focused on accelerating the cultivation of mid-to-high-end professional talent to enhance overall competitiveness and sustainable development[195].