THXN(SZ:300390)2025-04-24 13:00Financial Performance - The company's operating revenue for 2024 was ¥6,608,250,041.33, a decrease of 36.87% compared to ¥10,467,716,682.13 in 2023[17]. - Net profit attributable to shareholders for 2024 was ¥847,645,088.60, down 48.91% from ¥1,659,076,244.79 in 2023[17]. - The net profit after deducting non-recurring gains and losses for 2024 was ¥440,822,472.33, a decline of 67.98% compared to ¥1,376,614,343.13 in 2023[17]. - The net cash flow from operating activities for 2024 was ¥1,436,184,370.21, a decrease of 65.58% from ¥4,172,340,575.03 in 2023[17]. - The total assets at the end of 2024 were ¥17,545,051,088.73, down 7.00% from ¥18,866,120,267.36 at the end of 2023[17]. - The company reported a basic earnings per share of ¥1.01 for 2024, a decrease of 49.25% from ¥1.99 in 2023[17]. - The total operating revenue for 2024 was approximately ¥6.61 billion, a decrease of 36.87% compared to ¥10.47 billion in 2023[114]. - The lithium battery materials sector accounted for 87.07% of total revenue in 2024, generating approximately ¥5.75 billion, down 40.70% from ¥9.70 billion in 2023[114]. - The overseas revenue accounted for 18.42% of total revenue in 2024, significantly down 57.85% from the previous year[114]. - The revenue from the domestic market (excluding Hong Kong, Macau, and Taiwan) was ¥4,705,196,913.60, reflecting a decrease of 37.93% year-over-year[117]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 6.00 RMB per 10 shares to all shareholders, based on a total of 830,750,788 shares[4]. - The company distributed a cash dividend of 10.00 CNY per 10 shares, totaling 831 million CNY for the 2023 profit distribution plan[169]. - The company has maintained continuous cash dividends since its listing, focusing on long-term shareholder returns[168]. - The company held 3 shareholder meetings and 9 board meetings during the reporting period, ensuring compliance with relevant regulations[172][174]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 10.26 million[192]. - The highest remuneration was received by the Chairman, Pei Zhenhua, totaling CNY 1.73 million[192]. Research and Development - The company is focusing on the lithium-ion battery materials industry, with key products including battery-grade lithium hydroxide and lithium carbonate[26]. - The company is actively exploring next-generation battery technologies, including solid-state and flow battery systems, with established platforms for research and testing[86]. - The company has formed a high-end joint research team with Dalian University of Technology to develop new ion exchange membrane materials with performance and cost advantages[86]. - The company is developing spinel structure nickel manganese lithium cathode materials for high energy density lithium-ion batteries, aiming for commercialization to enhance market positioning[125]. - The company is investing in R&D, allocating 10% of its revenue towards developing new technologies and products[187]. - R&D investment amounted to ¥91,445,600.87 in 2024, representing 1.38% of operating revenue, up from 0.86% in 2023[128]. - The company increased its R&D personnel by 15.34% from 528 in 2023 to 609 in 2024, with a notable rise in master's degree holders by 80.95%[128]. Market Trends and Industry Insights - The demand for high-performance cathode materials is increasing, driven by the growth in the power battery sector[28]. - Global proven lithium resources increased by 9.5% year-on-year to 115 million metric tons, primarily concentrated in the "lithium triangle" of South America and Australia, accounting for 49% of total resources[29]. - In 2024, China's power and energy storage battery sales are projected to reach 1,039.5 GWh, representing a year-on-year growth of 42.4%[35]. - The penetration rate of electric vehicles (EVs) in China is expected to exceed 40% in 2024, with total EV sales reaching 12.89 million units, a year-on-year increase of 35.5%[40]. - The global demand for lithium resources is anticipated to grow rapidly due to the ongoing energy transition and advancements in renewable energy technologies[48]. Corporate Governance and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report[4]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[4]. - The company has implemented measures to enhance corporate governance and ensure compliance with legal and regulatory requirements[172]. - The governance status of the company aligns with the regulations set by the China Securities Regulatory Commission[177]. - The company received the highest rating of A in the Shenzhen Stock Exchange's information disclosure assessment for two consecutive years[176]. Strategic Initiatives and Future Plans - The company aims to maximize shareholder and social interests through technological innovation and market expansion in 2024[83]. - The company plans to deepen its overseas lithium mine resource layout and optimize cost monitoring systems to enhance operational efficiency[155]. - The company will invest in R&D for advanced materials, including silicon-based materials and solid-state battery technologies, to strengthen its competitive edge in the new energy materials sector[156]. - The company aims to improve its market share in high-value medical consumables through innovative product offerings[127]. - The company intends to accelerate partnerships with European and American automotive companies and establish a global marketing network in the medical sector[157]. Risk Management - The company acknowledges risks from macroeconomic changes and market competition, emphasizing the need for robust risk management strategies[162][163]. - The company is committed to improving accounts receivable management to mitigate risks associated with growing receivables[164]. - The company will utilize hedging strategies to manage risks from raw material price fluctuations, particularly for lithium concentrate[165]. Operational Efficiency - The company aims to improve operational efficiency, targeting a 15% reduction in costs by the end of 2024[187]. - The company has implemented an ERP and MES system for operational management in lithium battery materials, ensuring timely production based on market demand[97]. - The company will implement a three-tier lean improvement mechanism to optimize operational efficiency and reduce product costs[159].