KEBODA(SH:603786)2025-04-24 13:10Financial Performance - The company's operating revenue for 2024 reached ¥5,967,908,784.06, representing a year-on-year increase of 29.03% compared to ¥4,625,115,816.41 in 2023[23]. - Net profit attributable to shareholders was ¥772,267,064.16, up 26.81% from ¥609,003,093.26 in the previous year[23]. - The cash flow from operating activities increased by 58.82% to ¥686,623,273.47, compared to ¥432,326,746.95 in 2023[23]. - Basic earnings per share rose to ¥1.9257, a 26.86% increase from ¥1.5180 in 2023[24]. - The weighted average return on equity improved to 15.60%, up 1.78 percentage points from 13.82% in the previous year[24]. - The total assets at the end of 2024 were ¥7,139,259,533.96, reflecting a 12.33% increase from ¥6,355,658,486.61 in 2023[23]. - The net assets attributable to shareholders increased by 12.50% to ¥5,241,144,870.15 compared to ¥4,658,889,100.95 in 2023[23]. - The company recorded a net profit of ¥234,999,573.59 in the third quarter of 2024, showing strong quarterly performance[26]. - Non-recurring gains for 2024 totaled ¥41,168,381.16, compared to ¥35,636,833.64 in 2023, indicating improved financial stability[28]. Dividend and Profit Distribution - The profit distribution plan for 2024 proposes a cash dividend of 6.5 yuan per 10 shares, totaling approximately 262.53 million yuan (including tax) based on a total share capital of 403,890,300 shares as of December 31, 2024[6]. - The company does not plan to issue bonus shares or convert capital reserves into share capital for the current year[6]. - The company has a commitment to maintaining the distribution ratio per share, with adjustments to the total distribution amount if the total share capital changes before the dividend record date[6]. - The cash dividend amount accounts for 33.99% of the net profit attributable to ordinary shareholders in the consolidated financial statements[145]. - The total cash dividend amount over the last three accounting years (including tax) is RMB 706,869,505[146]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Zhonghua Certified Public Accountants[5]. - The company does not have any violations in decision-making procedures for providing guarantees[9]. - The company strictly adheres to the requirements of the Company Law, Securities Law, and the Corporate Governance Guidelines, ensuring compliance and protecting investor interests[107]. - The board of directors consists of 9 members, including 3 independent directors, meeting legal requirements for composition[108]. - The supervisory board has 3 members, including 1 employee representative, complying with legal standards[109]. - The company has not experienced any incidents of insider trading or regulatory actions related to insider information during the reporting period[110]. - The company has maintained effective internal financial reporting controls as per the audit conducted by Zhonghua Accounting Firm[155]. - The company has established a relatively sound corporate governance structure without significant omissions or irregularities[155]. Strategic Initiatives and Market Position - The company secured new projects with major clients such as Mercedes-Benz, BMW, and Audi, with an expected total lifetime sales volume of over 120 million units, including over 73 million units from mainstream clients[37]. - The company has been awarded the fifth-generation lighting control project from the Volkswagen Group, ensuring supply for multiple brands over the next decade, solidifying its global market position in lighting control[38]. - The company focuses on product and technology innovation, collaborating with partners to create a new industrial ecosystem, and has made significant progress in promoting new technologies to European and American clients[40]. - The company is positioned to leverage its global client resources and expand its product line, enhancing its growth potential and ensuring stable growth[41]. - The automotive electronics sector is expected to see significant growth, with the company positioning itself to capture a larger market share[89]. Research and Development - Research and development expenses amounted to ¥455,866,916.03, representing 7.64% of total revenue[69]. - The number of R&D personnel is 925, accounting for 32.3% of the total workforce[70]. - The company has developed automotive electronic products that meet the AUTOSAR standard and have passed SPICE Level 2 certification, indicating advanced R&D capabilities[51]. Environmental and Social Responsibility - The company invested 50 million yuan in environmental protection during the reporting period[158]. - The company implemented carbon reduction measures, achieving a total reduction of approximately 2,330 tons of CO2e in 2024[160]. - The company made a total donation of 450,000 yuan to various educational and healthcare projects, benefiting 90 individuals[163]. - The company has developed a strict environmental operation standard and has not faced any administrative penalties for environmental violations[158]. Shareholder Relations and Commitments - The company has committed to long-term support for its business prospects, with no clear plans for share reduction within 24 months after the lock-up period[171]. - Shareholders are restricted to a maximum of 25% reduction of their total shares held prior to the issuance each year[171]. - The company will ensure that any related party transactions are conducted on an equal and voluntary basis, adhering to fair market pricing[167]. - The company has outlined a plan to avoid conflicts of interest in related party transactions, ensuring transparency and fairness[167]. Financial Management and Investments - The company has a total guarantee amount of RMB 953,128,300, which accounts for 18.19% of its net assets[183]. - The company has provided guarantees totaling RMB 936,000,000 to its subsidiaries during the reporting period[183]. - The company has a plan for future wealth management investments, indicating ongoing financial strategy[187]. - The company has multiple bank wealth management products with varying annualized returns, including 2.64% and 2.84%[188].