Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in the last fiscal year[15]. - The company's operating revenue for 2024 was CNY 1,806,131,668.62, representing a 4.12% increase compared to CNY 1,734,735,322.01 in 2023[6]. - The net profit attributable to shareholders for 2024 decreased by 10.49% to CNY 76,629,876.83 from CNY 85,606,814.65 in 2023[6]. - The net profit after deducting non-recurring gains and losses was CNY 60,968,142.96, down 28.34% from CNY 85,079,676.34 in the previous year[6]. - The total sales volume for 2024 exceeded 85,000 tons, representing a year-on-year increase of 21.43%[40]. - The sales revenue of fasteners reached 169,834.19 million yuan, an increase of 4.10% compared to 163,148.47 million yuan in the previous year[57]. - The company achieved operating revenue of CNY 1,806.13 million in 2024, representing a year-on-year growth of 4.12%[52]. - The net profit attributable to shareholders was CNY 76.63 million, a decrease of 10.49% compared to the previous year[52]. Market Expansion and Strategy - The company is focusing on expanding its market presence, particularly in the Asia-Pacific region, aiming for a 20% increase in market share by 2025[7]. - The company is actively expanding its market presence by establishing subsidiaries to enhance product variety and brand influence[43]. - The company plans to expand its overseas strategy, targeting emerging markets under RCEP to mitigate trade risks and ensure stable performance[98]. - The company aims to enhance production efficiency and reduce costs through scientific scheduling and improved equipment utilization, thereby shortening order delivery cycles[102]. - The company is positioned to benefit from the expanding market for stainless steel fasteners, driven by growth in sectors such as automotive and renewable energy[30]. Research and Development - The company has invested 50 million RMB in new product development, targeting the introduction of three innovative products in the next fiscal year[15]. - The company has established a new R&D center, with an investment of 30 million RMB, to focus on advanced fastening technologies[15]. - The company completed the development of 17 new products, a 142.86% increase compared to the previous year[43]. - The number of R&D personnel increased by 21.74% to 28, with the proportion of R&D personnel in the total workforce rising to 3.17%[68]. - The company holds over 30 national patents and has established partnerships with universities and research institutions to enhance its technological capabilities[44]. Sustainability and Environmental Compliance - The company is committed to sustainability, with plans to reduce carbon emissions by 15% over the next three years through improved manufacturing processes[15]. - The company strictly adheres to environmental protection laws and regulations, including the Environmental Protection Law and the Air Pollution Prevention and Control Law[198]. - The company has obtained environmental impact assessment approvals and pollution discharge permits for its projects, ensuring compliance with environmental standards[199]. - The company reported that the total emissions of nitrogen oxides are ≤0.87 tons per year, which is within the regulatory limits[200]. - The company has implemented measures to ensure that all major pollutants are treated and discharged in compliance with the relevant standards[200]. Governance and Management - The company has a governance structure that complies with relevant laws and regulations, ensuring effective decision-making and protecting minority shareholders' rights[116]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements and enhancing decision-making fairness[118]. - The company has a dedicated investor relations management system to maintain good communication with investors and ensure transparency[124]. - The company has established an independent financial accounting system and does not share bank accounts with its controlling shareholders[128]. - The company operates independently from its controlling shareholders, with no significant competition or unfair related transactions[130]. Financial Management and Fund Utilization - The company raised a total of RMB 84,900.00 million through its initial public offering, with a net amount of RMB 76,771.77 million after deducting issuance costs[83]. - As of December 31, 2024, the total amount of unused raised funds (including interest income) was RMB 31,143.90 million, with RMB 7,643.90 million in the special account and RMB 23,500.00 million in bank wealth management products[84]. - The company has committed to invest RMB 84,918.39 million in various projects, with a total investment of RMB 46,072.02 million completed by the end of the reporting period[85]. - The company has not engaged in any securities or derivative investments during the reporting period[80][81]. - The company has a well-defined internal control system, ensuring compliance with legal and regulatory requirements[172]. Employee and Talent Management - The total number of employees at the end of the reporting period is 883, with 809 in the parent company and 74 in major subsidiaries[161]. - The professional composition includes 685 production personnel, 72 sales personnel, 28 technical personnel, 11 financial personnel, and 87 administrative personnel[161]. - The company emphasizes talent development through a structured training program, including both internal and external training initiatives[163]. - The company has implemented a performance-based salary policy, ensuring competitive salary levels based on market conditions and company performance[162]. - The compensation for directors and senior management is based on their roles, company performance, and achievement of performance indicators[149]. Risk Management - The company has developed a risk management policy that focuses on identifying and controlling both internal and external risks, enhancing sensitivity to changes in the business environment[179]. - The company faces risks from raw material price fluctuations, particularly for stainless steel, which significantly impacts operating costs[106]. - The company is exposed to international trade policy risks due to its high reliance on foreign sales, necessitating diversification of markets to mitigate these risks[107]. - The company has a dedicated risk analysis team that conducts comprehensive assessments of operational, environmental, and financial risks[180]. Shareholder Returns - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares to all shareholders, based on a total of 200,000,000 shares[7]. - A proposal for the company's future three-year (2024-2026) shareholder dividend return plan was approved, indicating a commitment to shareholder returns[132]. - The company has established a profit distribution policy that considers operational needs, shareholder expectations, and market conditions[165]. - The 2024 profit distribution plan and 2025 mid-term cash dividend proposal are pending approval at the 2024 annual shareholders' meeting[170].
腾达科技(001379) - 2024 Q4 - 年度财报