KAIFA(SZ:000021)2025-04-24 12:40Financial Performance - The company reported a revenue of ¥14,827,166,508.53 for 2024, representing a 3.94% increase compared to ¥14,264,648,386.89 in 2023[19]. - Net profit attributable to shareholders reached ¥930,345,572.18 in 2024, a significant increase of 44.33% from ¥644,601,244.53 in 2023[19]. - The net cash flow from operating activities improved to ¥2,428,401,907.74, up 21.28% from ¥2,002,232,683.50 in the previous year[19]. - The company’s total assets decreased by 2.23% to ¥26,773,186,448.82 at the end of 2024, down from ¥27,382,654,775.73 at the end of 2023[19]. - The weighted average return on equity increased to 8.14% in 2024, compared to 6.06% in 2023, reflecting improved profitability[19]. - The company achieved a revenue of 14.827 billion yuan, an increase of 3.94% year-on-year[47]. - The total profit reached 1.285 billion yuan, reflecting a year-on-year increase of 29.64%[47]. - The net profit attributable to shareholders, after deducting non-recurring gains and losses, was 900 million yuan, up 33.77% year-on-year[47]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.90 per 10 shares, totaling approximately RMB 296.51 million based on the current total share capital of 1,560,587,588 shares[5]. - The company has a consistent history of dividend distribution, reflecting its commitment to returning value to shareholders[5]. - The company implemented a cash dividend policy, distributing a total of 202,876,386.44 RMB in cash dividends for the fiscal year 2023, which is 1.30 RMB per 10 shares[154]. - The cumulative cash dividend amount over the last three years (2022-2024) accounted for 94.31% of the average annual net profit (consolidated) and 91.74% of the average net profit (parent company)[154]. - The proposed cash dividend for 2024 is 1.90 RMB per 10 shares, totaling 296,511,641.72 RMB, based on a total share capital of 1,560,587,588 shares[158]. Business Operations - The company has maintained its primary business in the manufacturing of computers and related electronic equipment since its establishment, with no changes in the industry[17]. - The company has established multiple subsidiaries across various regions, enhancing its operational capabilities and market reach[12]. - The company’s stock is listed on the Shenzhen Stock Exchange under the ticker symbol 000021[14]. - The company completed the issuance of 89,328,200 A-shares in April 2021, reducing the controlling shareholder's stake to 34.51%[18]. - The company has developed a flexible manufacturing platform and advanced digital systems to enhance production efficiency and responsiveness to market demands[37]. - The company is implementing new digital capabilities, including AI large model technology, starting in 2024 to improve production efficiency and reduce management costs[38]. - The company has established a comprehensive engineering support platform to meet diverse customer needs, including advanced mechanical and material analysis[39]. Market Trends - The global semiconductor market is projected to reach $627.6 billion in 2024, with a year-on-year growth of 19.1% driven by emerging technologies[30]. - The OSAT packaging and testing market is expected to see a revenue increase of approximately 7% in 2024, with the top ten companies projected to generate over $33 billion[31]. - The global electronic manufacturing services market is projected to grow from $580.52 billion in 2024 to $773.22 billion by 2029, with a CAGR of 5.9%[32]. - In 2024, China's electronic information manufacturing industry is expected to achieve revenue of ¥16.19 trillion, a year-on-year increase of 7.3%, with total profits reaching ¥640.8 billion, up 3.4%[32]. - The smart metering market is forecasted to grow from $26.3 billion in 2024 to $46.1 billion by 2030, with a CAGR of 9.8%[35]. Research and Development - The company is conducting research on DAF materials for advanced packaging, aiming to enhance material supply and optimize chip packaging[72]. - The company is developing a joint simulation platform to improve packaging design capabilities and reduce validation costs[72]. - The company is focusing on high-density interconnect technology to reduce manufacturing waste rates and enhance process failure localization accuracy[72]. - The number of R&D personnel increased by 28.62% from 601 in 2023 to 773 in 2024[75]. - R&D investment amounted to ¥423,242,226.70 in 2024, a 16.91% increase from ¥362,019,207.03 in 2023[76]. - R&D investment as a percentage of operating revenue rose to 2.85% in 2024 from 2.54% in 2023, reflecting a 0.31% increase[76]. Corporate Governance - The governance structure of the company is complete, sound, and clear, complying with relevant laws and regulations[111]. - The company has implemented a system for managing insider information and has adhered to regulatory requirements[111]. - The actual governance status of the company does not significantly differ from the regulations set by the China Securities Regulatory Commission[112]. - The company maintains complete independence from its controlling shareholders in terms of assets, personnel, finance, organization, and business operations[114]. - The company has established an independent financial department with its own accounting system and tax obligations, ensuring no interference from controlling shareholders in fund usage[114]. - The company has a complete and independent corporate governance structure, with all functional departments operating independently and in compliance with regulations[114]. Environmental Responsibility - The company invested nearly 10 million yuan in environmental governance and protection in 2024, and paid 267,484.32 yuan in environmental protection tax[181]. - The wastewater treatment system achieved a comprehensive reuse rate of over 60%, saving more than 300,000 tons of fresh water annually[182]. - The company reported a 20% reduction in the unit emissions of various pollutants compared to the previous year[178]. - The company received no administrative penalties related to environmental issues during the reporting period[181]. - The company’s wastewater discharge for chemical oxygen demand was 2.947 tons/year, well below the regulatory limit of 90 ppm[180]. Strategic Initiatives - The company aims to enhance technological innovation and optimize resource allocation to improve overall productivity and transition from "Made in China" to "Created in China"[104]. - The company plans to strengthen its high-end, intelligent, and differentiated development by closely following user demands and advancing technological innovation[104]. - The company intends to increase overseas presence to enhance supply chain resilience and efficiency, responding to customer needs in new sectors such as digitalization and artificial intelligence[104]. - The company is focused on optimizing its market layout and expanding into Europe and other regions to adapt to changes in international trade policies[105]. - The company aims to transform into a high-end electronic manufacturing service provider by enhancing its digital and AI capabilities[104].