DSBJ(SZ:002384)2025-04-24 13:30Financial Performance - The company's operating revenue for 2024 was ¥36.77 billion, representing a 9.27% increase compared to ¥33.65 billion in 2023[6]. - The net profit attributable to shareholders for 2024 decreased by 44.74% to ¥1.09 billion from ¥1.96 billion in 2023[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥898.63 million, down 44.34% from ¥1.61 billion in 2023[6]. - The net cash flow from operating activities for 2024 was ¥4.99 billion, a decrease of 3.60% compared to ¥5.17 billion in 2023[6]. - The basic earnings per share for 2024 was ¥0.64, down 44.35% from ¥1.15 in 2023[6]. - The total assets at the end of 2024 increased by 3.70% to ¥46.01 billion from ¥44.37 billion at the end of 2023[6]. - The net assets attributable to shareholders at the end of 2024 were ¥18.83 billion, up 3.77% from ¥18.14 billion at the end of 2023[6]. - The company reported a significant decline in quarterly net profit, with only ¥18.29 million in Q4 2024 compared to ¥506.75 million in Q3 2024[25]. - The gross margin for the electronic circuit products segment was 18.34%, down 2.45% year-on-year, while the gross margin for precision components increased by 3.59%[75][76]. - The company reported a significant decrease in financial expenses, with a change of -131.06% due to increased exchange gains[82]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 0.70 RMB per 10 shares to all shareholders, based on a total of 1,697,077,809 shares excluding treasury stock[4]. - The total cash dividend amount, including other methods, is 143,792,495.63 yuan[153]. - The company has a three-year shareholder return plan (2024-2026) to ensure stable profit distribution policies[151]. - The company plans to increase cash dividends in 2024 to return value to shareholders[87]. Business Expansion and Market Position - The company has expanded its business structure to include electronic circuit and optoelectronic display sectors, focusing on providing intelligent interconnection solutions for global customers[19]. - The company ranks second globally in flexible printed circuit boards (FPC) and third in printed circuit boards (PCB) based on revenue, indicating strong market positioning[58]. - The company has established a significant presence in the new energy vehicle sector, providing a range of products including PCBs, in-car displays, and functional structural components[59]. - The company is expanding its international operations, with new production bases in Thailand, Mexico, and the United States, to support its dual-circulation strategy[66]. - The company is actively engaging in market expansion and strategic initiatives to enhance its competitive position in the industry[126]. Research and Development - The company has made significant investments in R&D, focusing on new materials and technologies to support future innovations in AI, AR/VR, IoT, and MiniLED displays[64]. - The company has strengthened its investment in R&D and new product development, particularly in AI and smart manufacturing technologies[68]. - R&D investment has risen to approximately ¥1.27 billion in 2024, up 9.10% from ¥1.16 billion in 2023[85]. - The company has increased its R&D personnel from 4,148 in 2023 to 4,619 in 2024, representing an 11.35% growth[85]. - The company completed several key R&D projects aimed at enhancing product technology and market competitiveness, including high-brightness RGB technology and micro LED development[83]. Risk Management - The company emphasizes the importance of risk awareness regarding customer concentration, rapid technological upgrades, and exchange rate fluctuations in its future outlook[4]. - The company has a high proportion of foreign sales, exposing it to exchange rate fluctuations, and is implementing measures to manage foreign exchange risk[118]. - The company has established a "Quality and Return Dual Improvement" action plan to enhance core competitiveness and investor confidence[120]. Environmental Compliance - The company strictly adheres to various environmental protection laws and standards, ensuring compliance with national and industry regulations[161]. - The company has implemented a comprehensive pollution control system for wastewater, waste gas, and solid waste, ensuring compliance with environmental standards[168]. - The company has invested in automatic monitoring equipment to enhance environmental monitoring capabilities[168]. - The company continues to invest in environmental governance and protection, ensuring stable emissions of pollutants[169]. - No administrative penalties were incurred during the reporting period due to environmental issues[169]. Corporate Governance - The company has established a comprehensive corporate governance structure in compliance with the Company Law of the People's Republic of China and its articles of association, ensuring independent operation of the shareholders' meeting, board of directors, and supervisory board[124]. - The company maintains a clear separation from its controlling shareholders in terms of business operations, personnel, and assets, ensuring independent operational capabilities[123]. - The company has an independent finance department with dedicated personnel, implementing a strict financial supervision and management system, and operates separate bank accounts for independent fund management[124]. - The company’s independent directors include professionals with extensive backgrounds in finance and law, enhancing governance and oversight capabilities[130][131]. Employee Development - The company has a competitive salary policy aimed at attracting and retaining top talent in the industry[149]. - The employee training program emphasizes the development of management and technical skills, aiming to enhance overall employee capabilities[150]. - The total number of employees at the end of the reporting period is 23,515, with 1,570 in the parent company and 21,917 in major subsidiaries[147]. Strategic Initiatives - The company is committed to a strategic transformation towards "intelligent manufacturing" by embracing AI and optimizing its organizational structure[111]. - The company aims to enhance its competitive edge by increasing R&D investment and focusing on core products in the consumer electronics and new energy sectors[111]. - The company has committed to ensuring that any future stock incentive plans will be linked to the execution of return compensation measures[175].