KCT(SZ:002625)2025-04-24 15:50Corporate Governance - The company reported a plan not to distribute cash dividends, issue bonus shares, or increase capital from reserves[7]. - The company’s legal representative is Liu Ruopeng, and the registered address is in Nanshan District, Shenzhen[17]. - The company emphasizes the importance of accurate and complete financial reporting, with all board members present for the report's review[5]. - The company has undergone a change in its controlling shareholder, with the current major shareholder being Tibet Yimbang Industrial Development Co., Ltd.[21]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finance[117]. - The company has established an independent financial department with a complete accounting system, ensuring no non-operational fund occupation by the controlling shareholder[118]. - The company has a transparent performance evaluation and incentive mechanism for its directors, supervisors, and senior management[115]. - The company actively respects and protects the rights of stakeholders, including employees and customers[115]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate information dissemination[116]. - There are no significant discrepancies between the company's governance practices and the regulatory requirements set by the China Securities Regulatory Commission[116]. - The company has established an independent governance structure, ensuring that its board of directors and shareholders' meetings operate independently according to laws and regulations[179]. - The company has committed to maintaining the independence of its operations, ensuring that its business activities and assets are not influenced by other controlled enterprises[179]. - The company has a commitment to independent financial decision-making, ensuring that it will not interfere with the use of funds by the listed company[179]. - The company has ensured that its senior management personnel do not hold positions in other controlled enterprises, maintaining independence in management[179]. - The company has committed to avoiding any related party transactions that are not necessary and ensuring fair operations based on market principles[179]. - The company has reported that it has not violated any commitments made regarding the independence of its operations and governance structure[179]. Financial Performance - The company's operating revenue for 2024 reached ¥1,557,763,940.50, representing a 4.25% increase compared to ¥1,494,308,086.33 in 2023[6]. - Net profit attributable to shareholders for 2024 was ¥651,967,766.93, an increase of 11.77% from ¥583,302,405.68 in 2023[6]. - The net profit after deducting non-recurring gains and losses was ¥642,883,973.81, up 18.47% from ¥542,634,962.94 in 2023[6]. - Basic and diluted earnings per share for 2024 were both ¥0.30, reflecting an 11.11% increase from ¥0.27 in 2023[6]. - Total assets at the end of 2024 amounted to ¥9,919,567,934.64, a 1.44% increase from ¥9,778,783,862.03 at the end of 2023[6]. - The company reported a total revenue of 539.7 million in the fiscal year 2024, reflecting a growth of 76.33% compared to the previous year[87]. - The company reported a total revenue of 1,000 million yuan for the period[181]. - The company achieved a net profit margin of approximately 9.2% based on its operating revenue[99]. Research and Development - The company invested 12,532.67 million yuan in research and development during the reporting period[42]. - The company is advancing several R&D projects using metamaterials technology, aiming to enhance performance and maintain industry leadership[56][58]. - The company plans to enter small batch production for several new products after completing equipment reviews[56][58]. - The number of R&D personnel increased by 54.83% from 352 in 2023 to 545 in 2024[59]. - R&D investment decreased by 34.79% from ¥192,203,606.71 in 2023 to ¥125,326,654.33 in 2024[59]. - The company is focused on research and development of new products, particularly in advanced materials and technology sectors[136]. - The company has established seven capability platforms centered around metamaterial technology to empower advanced manufacturing[103]. - The company plans to invest in research and development to explore new application scenarios and solutions, driving technological progress in related industries[103]. Market and Product Development - The company is focused on the metamaterials industry, which is recognized for its potential in various fields including communication and advanced equipment[33]. - The company aims to reduce the lifecycle cost of equipment by 50% through the application of metamaterials, enhancing its competitive advantage[33]. - The company achieved operating revenue of 155,776.39 million yuan, a year-on-year increase of 4.25%[35]. - The metamaterials sector generated ¥1.55 billion, accounting for 99.62% of total revenue, with a year-on-year growth of 21.69%[44]. - The company is expanding its production capacity with the completion of phase one of the 709 base and the initiation of phase two, significantly improving delivery capabilities[39]. - The company is currently in the process of expanding its market presence through new technology and product development initiatives[76]. - The company plans to launch two new products in the next quarter, targeting a market share increase of 5%[127]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[134]. Shareholder Engagement - The company held 5 shareholder meetings during the reporting period, reviewing 18 proposals[113]. - The company reported a profit for the period, with a positive profit available for distribution to shareholders, but did not propose a cash dividend distribution plan[158]. - The company plans to use the undistributed profits from 2024 for daily operational funding, aiming to enhance operational capacity and reduce financial costs[158]. - The company has received unanimous approval for various proposals during the shareholder meetings, reflecting strong governance practices[148]. - The company actively communicates with investors through various channels, enhancing transparency and shareholder engagement[170]. Operational Efficiency - The company is committed to improving operational efficiency, aiming for a 10% reduction in costs by the end of the fiscal year[128]. - The company plans to enhance its supply chain efficiency, aiming for a 15% reduction in operational costs by the end of 2024[132]. - The company has implemented measures to protect employee rights and improve overall employee training and development[170]. - The company has established a training program that includes both internal and external training, focusing on key positions and ensuring all personnel are certified[153]. Compliance and Risk Management - The company has not reported any major equity sales during the reporting period[98]. - The company did not face any penalties or rectification issues during the reporting period[190]. - The company has committed to ensuring the independence of its financial department and accounting system, maintaining a standardized and independent financial accounting system[179]. - The internal control system has been established and is effective, with regular audits and risk assessments conducted to ensure compliance and operational efficiency[162]. - No significant internal control deficiencies were reported during the period, indicating a robust internal control environment[164]. Strategic Planning - The company has a strategic plan to increase its R&D investment by 15% in the upcoming fiscal year to drive innovation[127]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[129]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and diversify its product offerings[137]. - The company plans to repurchase shares using its own funds through centralized bidding, with a total repurchase amount not less than 50 million RMB and not exceeding 12 months[179].