Financial Performance - The company's operating revenue for 2024 was CNY 115,115,265.61, representing an increase of 8.50% compared to CNY 106,093,997.86 in 2023[26]. - The net profit attributable to shareholders decreased by 37.80% to CNY 9,502,495.47 from CNY 15,276,260.39 in the previous year[26]. - The gross profit margin for 2024 was 30.77%, down from 37.17% in 2023[26]. - The basic earnings per share for 2024 was CNY 0.11, a decrease of 37.80% from CNY 0.18 in 2023[26]. - The company achieved a revenue of 115.12 million yuan in 2024, representing an increase of 8.50% year-on-year[40]. - The net profit for 2024 was 9.50 million yuan, a decrease of 37.80% compared to the previous year[40]. - Total operating revenue for 2024 reached CNY 115,115,265.61, an increase of 8.5% compared to CNY 106,093,997.86 in 2023[195]. - Net profit for 2024 was CNY 9,502,495.47, a decrease of 37.5% from CNY 15,276,260.39 in 2023[197]. - Basic earnings per share for 2024 were CNY 0.11, down from CNY 0.18 in 2023[198]. Assets and Liabilities - Total assets at the end of 2024 were 361.78 million yuan, down 0.42% from the end of 2023[28]. - The net assets attributable to shareholders were 330.09 million yuan, a decrease of 0.25% from the previous year[28]. - The company's current ratio was 7.76, down 2.80% from 2023[29]. - Total liabilities decreased to CNY 31,690,445.32 in 2024 from CNY 32,410,304.89 in 2023[193]. - Total equity attributable to shareholders was ¥330,087,727.52 in 2024, slightly down from ¥330,905,232.05 in 2023, indicating a decrease of approximately 0.2%[190]. Cash Flow - Cash flow from operating activities was negative at -6.59 million yuan, a decline of 158.91% year-on-year[29]. - The company's net cash flow from operating activities was -¥6,593,544.06, a decrease of 158.91% compared to the previous year[63]. - The company reported a net cash flow from investment activities of ¥39,440,401.09, an increase of 188.71% compared to the previous year[63]. Research and Development - The company obtained 4 utility model patents and 1 invention patent during the reporting period, bringing the total number of valid patents to 45[7]. - Research and development expenses decreased by 15.61% to ¥6,320,590.27, accounting for 5.49% of total revenue[48]. - The proportion of R&D personnel in the total workforce increased to 15.75%, up from 14.61% in the previous period, indicating a focus on innovation[73]. - The company has successfully completed several R&D projects, including the development of a core technology for high-performance materials, which is expected to enhance its market competitiveness[75]. Market and Business Strategy - The company is focusing on technological innovation and quality improvement to enhance core competitiveness amid a challenging market environment[40]. - The company plans to expand into emerging business areas such as new energy and environmental protection refractory materials[40]. - The company aims to enhance R&D capabilities and production processes, focusing on new product development in response to the dual market conditions of tightening steel industry policies and oversupply in the new energy battery materials sector[88]. - The company plans to increase collaboration with research institutions to improve overall R&D levels and product competitiveness[89]. Environmental and Sustainability Initiatives - The company was recognized as a "Green Factory" by the Henan Provincial Department of Industry and Information Technology in 2024[8]. - The company has been recognized as a "Waste-Free Factory" demonstration unit in Luoyang, reflecting its achievements in environmental governance[8]. - The company is committed to sustainable development by improving resource utilization efficiency and reducing environmental impact through advanced technologies[85]. Corporate Governance - The company has established a robust internal control system to ensure compliance with legal and regulatory requirements, enhancing operational governance[145]. - The governance structure is designed to protect the rights of all shareholders, particularly minority shareholders, ensuring equal participation in decision-making processes[146]. - The company has maintained effective investor relations management, ensuring timely disclosure of information and addressing investor inquiries[154]. Shareholder Information - The company reported a total of 86,000,000 shares outstanding, with 65.00% being unrestricted shares[108]. - Major shareholders include Weiwen Xu with 22.32% and Junqiang Ma with 16.76% of the total shares[110]. - The company has 5,123 shareholders as of the end of the reporting period[108]. Audit and Compliance - The audit report issued by DaXin Accounting Firm confirmed that the financial statements fairly reflect the company's financial position and operating results for 2024[174]. - Revenue recognition was identified as a key audit matter due to the inherent risk of management manipulating the timing of revenue recognition[178]. - The audit procedures included verifying sales contracts and customer transactions to ensure the accuracy of revenue recognition[179].
科创新材(833580) - 2024 Q4 - 年度财报