Longtech(300916)2025-04-24 14:00Dividend Distribution - The company plans to distribute a cash dividend of 4 RMB per 10 shares to all shareholders, based on a total of 144,644,007 shares[4]. - The company implemented a cash dividend policy, distributing 3 CNY per 10 shares, totaling 43,393,202.10 CNY for the 2023 fiscal year[152]. - In 2024, the company plans to distribute 4 CNY per 10 shares, totaling 57,857,602.80 CNY, with no stock dividends or capital reserve transfers[154]. Financial Performance - The company's operating revenue for 2024 reached ¥1,591,940,799.94, representing a 54.70% increase compared to ¥1,029,037,049.39 in 2023[5]. - Net profit attributable to shareholders for 2024 was ¥154,207,668.44, a 42.12% increase from ¥108,507,819.26 in 2023[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥138,702,342.31, up 56.59% from ¥88,579,295.85 in 2023[5]. - The net cash flow from operating activities for 2024 was ¥220,534,824.13, an 80.31% increase from ¥122,310,832.10 in 2023[5]. - Basic earnings per share for 2024 were ¥1.07, a 42.67% increase compared to ¥0.75 in 2023[5]. - Total assets at the end of 2024 amounted to ¥1,948,392,726.85, reflecting a 5.23% increase from ¥1,851,516,329.91 at the end of 2023[5]. - The net assets attributable to shareholders at the end of 2024 were ¥1,337,750,220.15, an 8.87% increase from ¥1,228,706,480.82 at the end of 2023[5]. Market and Industry Trends - The company operates in the intelligent controller manufacturing industry, which is experiencing growth due to advancements in AI, cloud computing, and IoT technologies[27]. - The market demand for intelligent controllers is expected to continue to grow, driven by technological progress, consumption upgrades, and government policy support[27]. - The company has seen a significant expansion in application areas for intelligent controllers, moving beyond traditional uses to include smart homes, automotive electronics, and medical devices[27]. Research and Development - Research and development investment totaled 68.33 million yuan, a 28.89% increase year-on-year, accounting for 4.29% of total revenue[35]. - The company added 7 invention patents and 23 utility model patents during the reporting period, bringing the total to 117 patents[36]. - The company is developing a communication port multiplexing circuit aimed at reducing costs and enhancing price competitiveness for similar products[63]. - A smart fan control circuit based on infrared sensing is in trial production, aiming to enhance the company's technological strength in the smart fan market[63]. - The company is building a platform for underwater cleaning robots, which is expected to accelerate technological advancements in the automation sector[63]. Corporate Governance - The company has established a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and management team, ensuring effective coordination and checks and balances[109]. - The board of directors consists of 7 members, including 3 independent directors, complying with relevant laws and regulations[112]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and finance, with no related party transactions[118]. - The company has a complete and independent financial department, implementing strict internal auditing and financial management systems[119]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[4]. - The company has strengthened its internal governance and compliance systems, enhancing risk control capabilities through various revised regulations[37]. - The company is exposed to foreign exchange risks due to high external sales, primarily settled in USD, and plans to enhance forex management and implement hedging strategies[102]. Employee and Training Initiatives - The total number of employees at the end of the reporting period is 1,601, with 915 in the parent company and 686 in major subsidiaries[144]. - The company conducted 106 internal training sessions in 2024, with an average of 3.62 hours of training per employee, an increase of 2.15 hours year-over-year[147]. - The company aims to enhance its training system in 2025, focusing on optimizing onboarding and internal training programs[148]. Compliance and Legal Matters - The company reported no violations or penalties during the reporting period, indicating a stable compliance status[186]. - There were no significant lawsuits or arbitration matters during the reporting period, with the total amount involved in minor cases being 28.44 million RMB and 12.10 million RMB, neither of which reached the threshold for significant disclosure[185]. - The company has not engaged in any related party transactions during the reporting period, ensuring transparency in its operations[189]. Strategic Partnerships and Market Expansion - The company has established long-term partnerships with renowned brands like GLP, Simplehuman, and Breville, enhancing its market presence and driving revenue growth[46]. - The company aims to expand its overseas market presence while strengthening its domestic operations to enhance competitiveness and brand advantage[36]. - The company plans to enhance R&D investment to strengthen its technological capabilities and meet evolving market demands for smart controllers[95].