铭科精技(001319) - 2024 Q4 - 年度财报

Dividend Distribution - The company plans to distribute a cash dividend of 3.9 RMB per 10 shares to all shareholders, based on a total of 141,400,000 shares[4]. - A cash dividend of 3.8 yuan per 10 shares was distributed to shareholders for the 2023 fiscal year, totaling 54 million yuan, with a proposed dividend of 3.9 yuan per 10 shares for 2024, estimated at 55 million yuan[138]. - The cash dividend distribution represents 100% of the total profit distribution amount, with no stock dividends or capital reserve transfers planned[176]. - The company’s profit available for distribution to shareholders was reported at 70,426,309.95 yuan, with a total cash dividend amounting to 55,146,000.00 yuan[177]. Financial Performance - The company’s operating revenue for 2024 reached ¥965,614,164.66, representing a 9.30% increase compared to ¥883,418,001.56 in 2023[18]. - Net profit attributable to shareholders for 2024 was ¥112,254,250.12, a 10.65% increase from ¥101,448,363.48 in 2023[18]. - Basic earnings per share for 2024 were ¥0.7939, up 10.65% from ¥0.7175 in 2023[18]. - Total assets at the end of 2024 amounted to ¥1,699,644,667.61, a 4.95% increase from ¥1,619,471,140.20 at the end of 2023[18]. - The company achieved a sales revenue of 96,561.42 million yuan in 2024, representing a year-on-year growth of 9.30%[62]. - The net profit attributable to shareholders reached 11,225.43 million yuan, an increase of 10.65% compared to the previous year[62]. - The net profit after deducting non-recurring gains and losses was 10,253.51 million yuan, reflecting a growth of 12.89% year-on-year[62]. - The automotive sector accounted for 79.93% of total revenue, with sales of 771,822.98 million yuan, up 9.85% from the previous year[64]. Business Operations - The company has not changed its main business since its listing, indicating stability in operations[16]. - The company operates in the automotive parts industry, focusing on new energy components, which aligns with market trends[10]. - The company operates in the specialized equipment manufacturing and automotive manufacturing sectors, focusing on stamping molds and precision metal structural components[28]. - The company has multiple manufacturing bases across China's six major automotive industry clusters, ensuring comprehensive coverage of production needs[44]. - The company has established production bases in eight cities across China and expanded into four additional cities for new energy production, enhancing its capacity coverage[53]. Research and Development - The company has increased its R&D personnel to 241, representing a 15.87% increase from 208 in the previous year[82]. - R&D investment reached ¥48,711,567.87, a 25.90% increase from ¥38,691,952.81 in 2023[82]. - The development of a new high-efficiency automotive instrument has improved guiding capabilities and production efficiency, ensuring assembly precision with other vehicle components[80]. - The company has developed a digital R&D platform that enhances design efficiency and quality, significantly reducing production costs[52]. - The company is focusing on the research and development of efficient automatic mold changing stamping molds to meet the large-scale production demands of the automotive industry[79]. Market Trends - The automotive industry showed resilience with a total production and sales of 31.28 million and 31.43 million vehicles in 2024, marking a year-on-year growth of 3.7% and 4.5% respectively[29]. - New energy vehicle production and sales reached 12.88 million and 12.86 million units in 2024, reflecting a significant year-on-year growth of 34.4% and 35.5%[34]. - The market share of new energy vehicles reached 40.9% of total vehicle sales in 2024, an increase of 9.3 percentage points from 2023[34]. - The automotive industry is experiencing a structural upgrade and green transformation, with strong growth in exports and continuous improvement in technology levels[42]. Risk Management - The company faces risks from fluctuations in raw material prices, particularly steel, which could impact production costs and operational performance[130]. - The company is also exposed to risks related to the sales performance of downstream models or products, which directly affects revenue realization[131]. - Changes in tax incentive policies could impact the company's profitability, as it currently benefits from various tax reductions[132]. - The company is actively adjusting its internal operations and enhancing procurement and supply chain management to mitigate risks from raw material price volatility[134]. Corporate Governance - The financial report has been confirmed as true, accurate, and complete by the company's management, including the CEO and accounting heads[3]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[140]. - The company maintains independence from its controlling shareholders in terms of business operations, personnel, assets, and financial management[143]. - The company has established a robust organizational structure that operates independently without subordination to its controlling shareholders[145]. - The company’s governance practices align with the requirements set forth by regulatory authorities, ensuring effective oversight and decision-making[142]. Employee Management - The total number of employees at the end of the reporting period is 1,866, with 314 in the parent company and 1,552 in major subsidiaries[170]. - The company emphasizes employee training and has implemented a mechanism for ongoing education, providing free training and assessing its effectiveness[172]. - The company has committed to enhancing employee welfare through a competitive compensation strategy aligned with performance results[174]. - The company has not implemented any stock incentive plans or employee stock ownership plans during the reporting period[178]. Cash Flow and Investments - Operating cash inflow for 2024 reached ¥801,220,760.39, a year-on-year increase of 22.68% compared to ¥653,114,045.61 in 2023[84]. - Investment cash inflow decreased by 23.28% to ¥752,015,869.78 from ¥980,145,203.12 in 2023[84]. - The company has ongoing construction projects with an investment of ¥46,812,586.10 in new energy manufacturing, with a funding source of 42.13% from raised funds[97]. - The company has a cash management balance of ¥108,500,000 from idle raised funds, which is stored in a dedicated account[103]. Compliance and Internal Control - The company has established a comprehensive internal control system that has been effectively implemented, with no significant internal control deficiencies reported during the period[179]. - The internal control audit report was fully disclosed on April 25, 2025, on the designated information platform[183]. - The company has fulfilled all commitments made during the reporting period, including those related to share repurchase and compensation for investor losses[194]. - The company has committed to compliance in labor practices, ensuring no penalties arise from non-compliance[195].