悦安新材(688786) - 2024 Q4 - 年度财报

Financial Performance - The company achieved a total revenue of ¥417,777,272.61 in 2024, representing a year-on-year increase of 13.38%[23]. - The net profit attributable to shareholders decreased by 12.00% to ¥70,293,741.40 in 2024, primarily due to competitive pressures in the atomized alloy powder industry[25]. - The basic earnings per share decreased by 11.94% to ¥0.59 in 2024[24]. - The company's total assets reached ¥907,714,052.38 at the end of 2024, reflecting a 3.67% increase from the previous year[23]. - The gross profit margin decreased by 3.85 percentage points to 35.22%, primarily due to increased costs from projects still ramping up production capacity[177]. - The company's revenue for the reporting period was 418 million yuan, a year-on-year increase of 13.38%, while net profit attributable to shareholders was 70.29 million yuan, a decrease of 12.00%[43]. - The company's operating cash flow net amount increased by 58.07% to 85.10 million yuan, attributed to a higher proportion of bank acceptance bills used for procurement[174]. Dividend and Capital Plans - The company plans to distribute a cash dividend of RMB 2.50 per 10 shares, totaling approximately RMB 29,958,334, which accounts for 42.62% of the net profit attributable to shareholders for 2024[4]. - The company intends to increase its capital stock by 2 shares for every 10 shares held, resulting in an additional 23,966,667 shares, bringing the total share capital to 143,800,003 shares[4]. - The profit distribution and capital increase plan is subject to approval at the 2024 annual general meeting[5]. Research and Development - Research and development expenses accounted for 5.61% of total revenue, showing a slight increase from 5.49% in 2023[24]. - The total R&D investment amounted to ¥23,417,147.41, representing 5.61% of operating revenue, an increase of 0.12 percentage points compared to the previous year[139]. - The company has launched 31 R&D projects during the reporting period, achieving significant advancements in core technology areas, including the preparation technology of carbonyl iron powder and the development of rust-resistant technology[51]. - The company has established multiple provincial-level R&D platforms, including a provincial-level engineering research center, to strengthen its comprehensive strength in basic research and technology development[49]. - The company has a research team of over 70 professionals, with a total of 71 R&D personnel, accounting for 12.31% of the total workforce[149]. Market and Product Development - The company is focusing on the development of micro-nano metal powder materials, which are critical for industries such as consumer electronics, automotive electronics, and aerospace[35]. - The demand for integrated molded inductors is rapidly increasing, particularly in the fields of smartphones, computers, and automotive electronics, with usage in vehicles increasing by 3-5 times compared to traditional fuel vehicles[36]. - The company has established a product layout centered on carbonyl iron powder and atomized alloy powder, extending into deep-processed products such as soft magnetic powder and wave-absorbing materials[35]. - The company’s products, including 316L, high-strength steel, and 17-4PH, have achieved UL certification, with recycled material content exceeding 80%[58]. - The company has developed high-strength steel powders for foldable screen smartphones, achieving grades of 1900MPa and 2000MPa, enhancing the strength and reliability of precision components[45]. Operational Efficiency and Risks - The company has outlined various operational risks and corresponding mitigation measures in the report[3]. - The company is experiencing a ramp-up phase in production capacity for its newly invested projects, leading to increased depreciation and operating costs[25]. - The company faces risks from macroeconomic fluctuations that could adversely affect its operating performance[169]. - The company’s financing plan is diversified, but there are risks related to timely funding and rising costs impacting operational efficiency[167]. Environmental and Sustainability Efforts - The company invested CNY 7.5923 million in environmental protection throughout the year, focusing on climate change, environmental compliance, energy utilization, water resource management, pollutant discharge, and waste treatment[57]. - The photovoltaic power generation project, operational in 2023, is expected to supply 1.213 million kWh of green electricity in 2024, resulting in a carbon dioxide reduction of 995.87 tons[57]. - The company has established a comprehensive ESG assessment system with hundreds of quantitative indicators to measure, track, and improve sustainable development performance[57]. - The company is committed to integrating green development concepts into all aspects of its operations, aligning with national "dual carbon" goals[57]. Strategic Partnerships and Market Expansion - The company has established stable partnerships with leading global companies in various sectors, including electronics, consumer electronics, and automotive components, successfully entering over 20 countries and regions[61]. - The company is focusing on expanding its market channels, particularly in high-end consumer electronics, which has shown steady growth[44]. - The company has developed a global marketing network covering regions such as mainland China, Taiwan, Japan, South Korea, Europe, and Southeast Asia, establishing stable strategic partnerships with key customers[113].