Financial Performance - The company's net profit for 2024 is reported as a negative value, indicating financial challenges during the year[4]. - The company's operating revenue for 2024 was ¥792,805,238.89, representing a 16.90% increase compared to ¥678,193,574.22 in 2023[19]. - The net profit attributable to shareholders for 2024 was -¥19,348,460.60, an improvement of 65.33% from -¥55,803,415.39 in 2023[19]. - The net cash flow from operating activities decreased by 85.85% to ¥20,799,161.98 in 2024, down from ¥146,987,913.70 in 2023[19]. - The total assets at the end of 2024 were ¥1,783,009,986.75, a 10.59% increase from ¥1,612,270,071.77 at the end of 2023[19]. - The company reported a basic earnings per share of -¥0.27 for 2024, improving by 64.94% from -¥0.77 in 2023[19]. - The company achieved total revenue of CNY 792.81 million, a year-on-year increase of 16.90%[54]. - The net profit attributable to shareholders was CNY -19.35 million, with a significant reduction in losses compared to the previous year[54]. - The revenue from the manufacturing sector was CNY 782.41 million, accounting for 98.69% of total revenue, with a year-on-year growth of 17.73%[55]. - The gross profit margin for the manufacturing sector was 26.47%, reflecting a 5.44% increase compared to the previous year[55]. Governance and Compliance - The company has a comprehensive governance structure, with all board members present for the report's approval[4]. - The financial report is guaranteed to be true, accurate, and complete by the company's responsible personnel[4]. - The company has established a governance structure that ensures clear responsibilities and effective operation among the shareholders' meeting, board of directors, supervisory board, and management[125]. - The company has established a supervisory board consisting of 3 supervisors, including 1 employee supervisor, complying with legal requirements[127]. - The company disclosed information accurately and timely, ensuring equal access for all shareholders through designated newspapers[128]. - The company maintains independence in assets, personnel, finance, organization, and business operations, with no shared resources with controlling shareholders[130]. - The company has established an independent financial department with a standardized accounting system[130]. - The company has not provided undisclosed information to major shareholders or actual controllers, ensuring compliance with governance standards[129]. - The company has no significant discrepancies in governance compared to regulations set by the China Securities Regulatory Commission[129]. Research and Development - The company has established a comprehensive R&D system, holding 62 valid invention patents and 246 utility model patents as of December 31, 2024, enhancing its competitive edge in precision functional and structural components[36]. - The company has developed multiple core technologies for precision functional components, enhancing production efficiency and yield rates through automation and intelligent operations[38]. - The company has achieved a balance of cost, quality, and performance in carbon nanotube products by effectively controlling key process parameters such as temperature and pressure[39]. - The company has established a complete product inspection system utilizing machine vision and elemental spectral analysis to ensure high precision and quality during high-speed production[43]. - The company has completed the development of high-precision liquid silicone sealing components, enhancing market competitiveness and expanding the high-end customer base[63]. - The company is advancing the development of high-strength titanium screws, which will enhance product performance and efficiency, contributing to sustainable development[64]. - The company's R&D investment amounted to ¥57,943,216.82 in 2024, representing 7.31% of operating revenue, a decrease from 8.17% in 2023[65]. Market and Industry Trends - In the consumer electronics sector, global smartphone shipments are projected to reach 1.22 billion units in 2024, a 7% year-on-year increase[28]. - The global personal computer shipments are expected to be approximately 255 million units in 2024, reflecting a 3.8% growth compared to the previous year[28]. - The company anticipates a continued growth trend in the consumer electronics industry, driven by advancements in AI technology and its applications[28]. - Global sales of new energy vehicles are projected to reach 18.236 million units in 2024, a year-on-year increase of 24.4%, driving global power battery shipments to 1,051.2 GWh, up 21.5%[29]. - In China, new energy vehicle sales are expected to reach 12.866 million units in 2024, a 35.5% increase, with new energy vehicles accounting for 40.9% of total new car sales, up 9.3% from 2023[29]. Risk Management - The report emphasizes the importance of risk awareness regarding future plans and strategies, highlighting potential risks in management[4]. - The company faces tariff risks due to increased tariffs affecting raw material prices, which may lead to reduced shipment volumes and impact operations[112]. - The company is actively managing foreign exchange risks as a significant portion of its revenue is settled in USD, which can be affected by currency fluctuations[119]. - The company will continue to monitor international financial markets and domestic exchange rate policies, enhancing the management of forward foreign exchange settlements, options, and swaps to mitigate the impact of exchange rate fluctuations on operations and performance[120]. - There is a risk of goodwill impairment due to potential adverse changes in the acquired company's technology development, market expansion, or management, which could negatively impact the company's operating performance[121]. Investment and Acquisitions - The company has initiated the acquisition of Sainogao, holding 49.90% of its shares, to enhance its capabilities in the thermal management product sector[50]. - The company acquired a 55% stake in WENGU VIET NAM HIGH TECHNOLOGY COMPANY for ¥3,000,000, and the equity transfer has been completed[83]. - The company has invested ¥27,900,844.40 in the construction of a carbon nanotube production project, with a cumulative investment of ¥95,463,846.87[86]. - The company has approved the acquisition of a 51% stake in Dongguan Sainuo Gaode Technology Co., Ltd.[154]. Employee and Talent Management - The total number of employees at the end of the reporting period is 1,639, with 521 in the parent company and 1,118 in major subsidiaries[156]. - The professional composition includes 1,013 production personnel, 103 sales personnel, 182 technical personnel, 50 financial personnel, and 291 administrative personnel[156]. - The company has established a comprehensive salary system that considers job value, employee capabilities, and market conditions for timely adjustments[157]. - Employee benefits include statutory "five insurances and one fund," paid leave, and additional benefits such as commercial insurance, housing subsidies, transportation subsidies, and holiday gifts[157]. - The company is focusing on talent development and optimizing its talent structure to enhance employee engagement and stabilize core talent[112]. Shareholder and Dividend Policies - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[5]. - The company has approved a cash dividend of 2 CNY per 10 shares, totaling 14,359,325.60 CNY (including tax) for 71,796,628 shares after excluding treasury shares[159]. - The total cash dividend, including other methods, amounts to 27,956,210.67 CNY, representing 100% of the total distributable profit of 116,758,648.22 CNY[160]. - The company’s profit distribution plan aligns with its articles of association and dividend management policies[160]. - The company’s board of directors has proposed not to distribute cash dividends or issue new shares for the 2024 fiscal year[161]. Environmental and Social Responsibility - The company purchased a total of 8,276 MWh of green electricity to reduce carbon emissions during the reporting period[173]. - There were no administrative penalties related to environmental issues during the reporting period[173]. - The company adheres to a "people-oriented" principle, providing a good career development platform while ensuring employee rights and benefits, including social insurance and commercial accident insurance[174]. Internal Control and Audit - The company has implemented an internal control system that complies with relevant laws and regulations, ensuring effective risk management and asset security[166]. - There are no significant defects in financial and non-financial reporting internal controls for the year 2024[170]. - The internal control audit report issued by the accounting firm confirmed that the company maintained effective internal controls over financial reporting as of December 31, 2024[170]. - The company has engaged Crowe Horwath for internal control audit services, with a total fee of 100,000 RMB for the reporting period[200].
捷邦科技(301326) - 2024 Q4 - 年度财报