NHD(SZ:002946)2025-04-24 12:50Financial Performance - New Hope Dairy reported a revenue of RMB 2.5 billion for the fiscal year 2023, representing a year-over-year increase of 15%[20]. - The company achieved a net profit of RMB 300 million, which is a 10% increase compared to the previous year[20]. - The company's operating revenue for 2024 was ¥10,665,423,457.85, a decrease of 2.93% compared to ¥10,987,294,041.63 in 2023[6]. - Net profit attributable to shareholders increased by 24.80% to ¥537,690,940.06 in 2024 from ¥430,826,458.90 in 2023[6]. - The company's total revenue for 2024 was approximately ¥10.67 billion, a decrease of 2.93% compared to ¥10.99 billion in 2023[115]. - The liquid milk and dairy products manufacturing segment generated ¥9.91 billion, accounting for 92.89% of total revenue, with a year-on-year increase of 0.75%[115]. - The company achieved a significant milestone by integrating its digital marketing platform "Xianhuo Go," enhancing user engagement and retention rates[111]. - The company reported a net decrease in cash and cash equivalents of ¥47,257,367.57 in 2024, a significant decline of 417.73% compared to an increase of ¥14,873,647.92 in 2023[131]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2025[20]. - The company is actively expanding its market presence through direct-to-consumer (DTC) channels and regional deep cultivation strategies[41]. - The company is committed to enhancing corporate governance and increasing investor returns while ensuring compliance and improving information disclosure quality[160]. - The company plans to enhance its core competitiveness through technological advancements and operational improvements, focusing on low-temperature fresh milk and specialty yogurt as key product categories[154]. - The "Fresh Cube Strategy" for 2025 aims to achieve revenue growth and improved net profit margins by emphasizing product innovation and effective channel expansion[155]. Research and Development - Investment in R&D increased by 30%, focusing on innovative dairy processing technologies[20]. - The company filed 37 patent applications in 2024, including 14 invention patents, and received 19 patent grants, showcasing its commitment to innovation[47]. - New Hope Dairy's R&D budget has increased to 300 million yuan, focusing on innovative dairy products and health-oriented solutions[195]. - The company aims to develop 5-8 new types of fermented dairy products and file 2 invention patents as part of its new fermentation technology initiative[129]. Product Innovation - New product launches include a new line of organic dairy products, expected to contribute an additional RMB 500 million in revenue in the next fiscal year[20]. - The "24-hour" fresh milk series saw a revenue increase of over 15% year-on-year, contributing to the growth of the mid-to-high-end product line[108]. - The "Active Nourishment" light food cup fills a market gap for low-acid, zero-sugar products, aligning with current trends in light meal replacements[86]. - The company is developing high-quality ESL and UHT milk products, aiming to promote 3 factories and enhance economic and social benefits in Sichuan Province[128]. Sustainability and Social Responsibility - The company aims for carbon peak by 2030 and carbon neutrality by 2050, with a comprehensive greenhouse gas emission accounting guideline established for 2024[60]. - The company achieved a reduction of 27,736 tons of carbon dioxide emissions in 2024 through various green energy initiatives, including a 4.2MW photovoltaic project[61]. - The company is committed to sustainable development and social responsibility, aiming to create long-term brand value[41]. - The company plans to reduce carbon emissions by 20% over the next three years as part of its sustainability strategy[195]. Risk Management - The company acknowledges risks such as intensified market competition, product quality control, and potential natural disasters affecting operations[3]. - The company is at risk of raw milk supply shortages due to potential outbreaks of cattle diseases, which could impact product quality and consumer demand[72]. - Natural disasters could adversely affect operations, but the company's widespread geographic distribution helps mitigate significant impacts[73]. Corporate Governance - The board of directors has confirmed the accuracy and completeness of the annual report, ensuring no misleading statements are present[3]. - The company has established a governance structure that complies with regulatory requirements, including a board of directors with 9 members, 4 of whom are independent[167]. - The company emphasizes transparent information disclosure, utilizing the Giant Tide Information Network for timely updates[169]. - The company has an independent financial department with a complete accounting system and does not share bank accounts with its controlling shareholders[175].