大富科技(300134) - 2024 Q4 - 年度财报

Financial Performance - The company's revenue for the fiscal year 2024 was CNY 2,323,612,577.73, while the net profit attributable to the parent company was a loss of CNY 476,047,702.72[4] - The company's operating revenue for 2024 was ¥2,323,612,577.73, a decrease of 6.88% compared to ¥2,495,241,106.35 in 2023[19] - The net profit attributable to shareholders for 2024 was -¥476,047,702.72, representing a decline of 179.49% from -¥170,327,992.73 in 2023[19] - The net profit after deducting non-recurring gains and losses for 2024 was -¥490,957,379.02, a decrease of 162.38% compared to -¥187,114,842.58 in 2023[19] - The gross margin for the company's products decreased to 17.14%, down 3.44 percentage points from the previous year[49] - The company reported a total of 767,498,006 shares outstanding as of the last trading day before the report disclosure[19] Dividend and Capital Plans - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[5] - The company has no plans for cash dividends or capital reserve transfers for the 2024 fiscal year, as the distributable profit is negative at -690,674,061.02 yuan[136] Business Operations and Strategy - The company confirms that its core business and competitive advantages have not undergone significant adverse changes and are consistent with industry trends[4] - There are no significant risks to the company's ongoing operations, and the industry does not face overcapacity or continuous decline[4] - The company has not reported any major changes in its market expansion strategies or new product developments in the current fiscal year[4] - The company operates in the telecommunications sector, which has specific disclosure requirements[5] - The company is actively expanding its capabilities in the automotive parts sector, focusing on large die-casting capacity and digital upgrades of traditional workshops[39] Research and Development - The company has maintained an average annual R&D investment of approximately ¥266 million over the past three years, with a current R&D expenditure of about ¥264 million, accounting for 11.34% of total revenue[46] - The company has applied for a total of 3,184 patents, including 1,348 invention patents, and has been granted 1,713 patents, with 414 being invention patents[46] - The company is focusing on improving production processes and maintaining close relationships with suppliers to mitigate raw material price volatility[94] - Continuous investment in R&D is prioritized to strengthen innovation capabilities and improve product quality and performance[91] Market Trends and Industry Outlook - The telecommunications industry in China is expected to continue high-quality development, with a projected total of 1,265 million mobile communication base stations by the end of 2024, including 425.1 million 5G base stations[30] - In 2024, the global consumer electronics market is expected to exceed $1 trillion for the first time, driven by demand recovery, technological innovation, and policy support[31] - Global smartphone shipments are projected to reach 1.22 billion units in 2024, marking a 7% year-on-year increase after two consecutive years of decline[31] - The production and sales of new energy vehicles in China are expected to reach 12.89 million and 12.87 million units respectively in 2024, with a year-on-year growth of 34.4% and 35.5%[33] Corporate Governance and Management - The company has established a value management system to enhance investment value and protect investor interests, approved by the board on April 23, 2025[99] - The company has a diverse board with members holding advanced degrees and extensive backgrounds in finance and management[115][116] - The management team includes individuals with significant experience in investment and corporate governance, enhancing strategic decision-making capabilities[114] - The company is committed to maintaining transparency and effective communication with shareholders during this transition period[111] Environmental and Social Responsibility - The company strictly adheres to environmental protection laws and regulations, ensuring compliance in its production processes[149] - The company has implemented various environmental standards to minimize negative impacts on the ecological environment during production[150] - The company has made a donation of 225,600 yuan to the Red Cross Society in Baokang County in August 2024, reflecting its commitment to social responsibility[165] - The company emphasizes a commitment to sustainable development, balancing economic benefits with social and environmental responsibilities[166] Employee Relations and Workforce Development - The company has adopted a performance-based bonus system to incentivize high-performing employees and is implementing an employee stock ownership plan to align individual and company interests[134] - The company has established a positive learning environment to boost employee engagement and knowledge sharing[137] - The company has implemented a training program focused on enhancing job skills for employees in 2024[135] - The total number of employees at the end of the reporting period is 4,436, with 1,347 in the parent company and 3,089 in major subsidiaries[133] Financial Compliance and Audit - The company's financial statements are audited by Tianzhi International Accounting Firm, ensuring compliance and accuracy in financial reporting[18] - The internal control audit report issued by the accounting firm confirmed that the company maintained effective financial reporting internal controls as of December 31, 2024[146] - The company has established a robust internal audit mechanism to regularly supervise and evaluate its subsidiaries' compliance and operational effectiveness[144]