NANCAL(603859)2025-04-24 14:40Financial Performance - The company's operating revenue for 2024 reached ¥1,509,822,499.58, representing a 7.47% increase compared to ¥1,404,818,525.54 in 2023[21] - The net profit attributable to shareholders of the listed company decreased by 15.17% to ¥191,734,343.34 from ¥226,024,385.49 in the previous year[21] - The net profit after deducting non-recurring gains and losses was ¥167,468,502.70, down 22.10% from ¥214,965,611.18 in 2023[21] - Cash flow from operating activities increased by 64.87% to ¥518,861,128.49 compared to ¥314,711,989.96 in the previous year[21] - The total assets of the company grew by 18.35% to ¥4,485,872,148.63 from ¥3,790,442,119.68 in 2023[21] - The net assets attributable to shareholders of the listed company increased by 6.15% to ¥2,898,367,690.62 from ¥2,730,425,986.78 in the previous year[21] - The gross profit margin was 49.46%, an increase of 0.81 percentage points[35] - The company achieved operating revenue of 1.51 billion yuan, a year-on-year increase of 7.47%[35] - The company achieved a revenue of 1.51 billion RMB, representing a year-on-year growth of 7.47%[59] - The gross profit margin increased to 49.46%, up by 0.81 percentage points compared to the same period last year[59] - Net profit attributable to shareholders decreased by 15.17% to 192 million RMB[59] - Cash flow from operating activities increased by 64.87% to 519 million RMB, attributed to improved management of working capital[59] Research and Development - Research and development expenses increased by 27.88% year-on-year, impacting net profit[23] - R&D expenses rose by 27.88% to 194 million RMB, reflecting ongoing investment in technology innovation[60] - Research and development expenses totaled ¥455,783,153.04, accounting for 30.19% of total operating revenue[73] - Capitalized R&D expenditures were ¥356,372,617.47, representing 78.19% of total R&D investments[73] - The company is committed to continuous R&D investment in its product lines, particularly in the "Le series" to enhance functionality and performance[49] Market and Product Development - The company launched the "Ling Series" AI agent products, achieving significant breakthroughs in various industries[36] - The "Le Series" industrial software products were continuously optimized, expanding the product range significantly[37] - The company signed two major contracts related to AI technology, each valued at over 100 million yuan[36] - The company's AI products and services business experienced significant growth, focusing on the "Ling series" AI agent products tailored to various industry needs[47] - The company's cloud products and services, including the "Le series" industrial software, continue to see sustained growth, enhancing enterprise-level application capabilities[48] - The global industrial AI software market is projected to reach $155.93 billion by 2025 and $724.68 billion by 2030, with a compound annual growth rate of 35.97% from 2025 to 2030[43] - The Chinese AI+industrial software segment is expected to grow at a compound annual growth rate of 41.4% from 2024 to 2028, with penetration increasing from 9% in 2025 to 22% by 2028[44] - The industrial software market in China is projected to reach 364.9 billion yuan in 2024, with a year-on-year growth of 14.6%, and expected to grow to 531.2 billion yuan by 2027[45] Corporate Governance - The company has a board of directors consisting of 9 members, with 6 non-independent directors and 3 independent directors, ensuring a balanced governance structure[105] - The company maintains strict independence in assets, personnel, finance, organization, and business, ensuring no shared resources or conflicts of interest with the controlling shareholder[108] - The company has established a robust investor relations management system, responding to investor inquiries through various channels to enhance transparency[106] - The company has implemented a registration management system for insider information to ensure legal and fair information disclosure[107] - The company is committed to improving its corporate governance structure and internal control mechanisms for sustainable development[107] - The company has established specialized committees within the board, including audit, nomination, compensation, and strategic development committees, to support effective decision-making[105] - The company ensures that no personnel from the controlling shareholder's unit hold positions in the company's financial or internal audit departments, maintaining operational independence[108] - The company actively communicates with investors through the Shanghai Stock Exchange's interactive platform, ensuring equal access to information for all investors[106] - The company has a clear policy to avoid any competition with the controlling shareholder's business, ensuring a focus on its own operational goals[109] Shareholder and Executive Changes - Chairman Zu Jun increased his shareholding from 25,168,000 to 37,248,640, a change of 12,080,640 shares due to capital reserve conversion[111] - Vice Chairman and CEO Zhao Lan increased her shareholding from 19,064,000 to 28,214,720, a change of 9,150,720 shares due to capital reserve conversion[111] - Total shareholding of the current and departing executives increased from 48,125,700 to 71,226,036, a total increase of 23,100,336 shares[112] - The company is focusing on capital reserve conversion as a strategy for increasing shareholding among executives[111] - The company has seen a significant increase in shareholding among its top executives, indicating confidence in future performance[112] - The company is undergoing a transition with several new appointments and departures in its executive team, which may impact future strategic directions[112] - The total remuneration for all directors, supervisors, and senior management was 12.1748 million yuan[116] - The compensation for directors and senior management is determined by the company's remuneration and assessment committee, based on industry standards and company performance[116] - Independent directors receive monthly allowances, while external directors do not receive compensation from the company[116] - The company has a structured approach to determining remuneration, considering financial data and individual contributions[116] - The company has appointed independent directors to enhance governance and oversight[115] - The management team has extensive experience in various sectors, including technology and finance, contributing to strategic decision-making[114] - Several senior executives, including directors and vice presidents, have resigned due to personal reasons, impacting the company's leadership structure[117] Compliance and Risk Management - The company has established an internal control management system to manage risks and ensure compliance with regulations[142] - The internal control audit report confirmed the effectiveness of the company's internal control system, receiving a standard unqualified opinion[143] - The company received a warning from the China Securities Regulatory Commission regarding accounting errors and has initiated corrective measures[155] - The company has adjusted its financial statements for 2022 to 2023 due to prior accounting errors[155] - The company has committed to not engaging in any competitive business activities with its controlling shareholders or related parties[152] - The company has ensured compliance with market rules in any necessary related party transactions, emphasizing fairness and transparency[153] - The company has a good integrity status, with no significant debts or court judgments outstanding[162] - There are no significant related party transactions reported during the current period[163] - The company has established a rectification plan in response to the regulatory warning, ensuring accountability and compliance[160] - The company has not faced any delisting risks or bankruptcy restructuring matters[159] Employee and Training Initiatives - The company has a total of 1,302 employees, with 856 in technical positions, 172 in sales, and 116 in production[127] - The company has established a competitive salary management system to enhance employee motivation and ensure sustainable development[129] - The company has a comprehensive training plan to improve the overall quality of its personnel and ensure sustainable development[130] - The company has a total of 4 doctors, 90 masters, 852 bachelor's degree holders, and 274 associate degree holders among its employees[128] Dividend and Share Capital Management - The company plans to distribute a cash dividend of ¥0.20 per 10 shares, totaling approximately ¥4,887,694.02, which is 17.54% of the net profit attributable to shareholders[7] - The company distributed cash dividends of CNY 16,512,493.30 (including tax) and increased capital by 79,259,968 shares, raising total share capital to 245,828,301 shares[173] - The total cash dividend amount distributed (including tax) is 38,527,352 RMB, which accounts for 20.09% of the net profit attributable to ordinary shareholders in the consolidated financial statements[137] - The total amount repurchased and canceled over the last three fiscal years was 33,639,658.00, leading to a combined total of 55,039,845.32 for cash dividends and repurchases[139] - The average annual net profit over the last three fiscal years was 205,662,311.99, resulting in a cash dividend payout ratio of 26.76%[139] - The net profit attributable to ordinary shareholders in the most recent fiscal year was 191,734,343.34[139] - The undistributed profits at the end of the most recent fiscal year for the parent company were 379,983,487.78[139]