建业股份(603948) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was CNY 2,394,258,277.07, a decrease of 9.64% compared to CNY 2,649,672,781.19 in 2023[25] - The net profit attributable to shareholders for 2024 was CNY 209,057,220.31, down 34.19% from CNY 317,683,705.73 in 2023[25] - The net profit after deducting non-recurring gains and losses was CNY 197,817,524.29, a decrease of 34.92% compared to CNY 303,973,979.15 in 2023[25] - The net cash flow from operating activities for 2024 was CNY 291,889,295.99, down 17.46% from CNY 353,634,850.83 in 2023[25] - The total assets at the end of 2024 were CNY 2,603,029,069.24, a decrease of 1.93% from CNY 2,654,131,563.98 at the end of 2023[25] - The net assets attributable to shareholders at the end of 2024 were CNY 2,085,966,675.57, an increase of 3.32% from CNY 2,018,892,884.91 at the end of 2023[25] - Basic earnings per share for 2024 were CNY 1.29, down 34.85% from CNY 1.98 in 2023[27] - The weighted average return on net assets for 2024 was 10.32%, a decrease of 5.77 percentage points from 16.09% in 2023[27] Cash Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.00 per share, totaling CNY 162,489,167 (including tax) based on the total share capital of 162,489,167 shares[8] - The cash dividend represents 77.72% of the net profit attributable to ordinary shareholders in the consolidated financial statements, which is approximately 209.06 million RMB[152] - Over the last three accounting years, the cumulative cash dividend amount (including tax) is approximately 637.04 million RMB, with an average net profit of approximately 305.66 million RMB, resulting in a cash dividend ratio of 208.41%[153] Operational Highlights - The company achieved operating revenue of CNY 239,425.83 million in Q1 2024, a year-on-year decrease of 9.64%[35] - The net profit for Q1 2024 was CNY 20,905.72 million, representing a year-on-year decline of 34.19%[35] - The company's operating costs were CNY 206,468.12 million, reflecting a 4.00% decrease year-on-year[56] - The gross profit margin for the chemical industry segment was 13.00%, down 5.44 percentage points from the previous year[58] - The production volume of low-carbon fatty amines was 116,634.58 tons, with a year-on-year increase of 6.13%[60] - The sales volume of plasticizers was 49,358.53 tons, a decrease of 3.11% compared to the previous year[60] Research and Development - The company holds 69 invention patents and 12 utility model patents as of December 31, 2024, showcasing its strong R&D capabilities[49] - The company has established partnerships with several renowned universities to enhance its product development and technological innovation[50] - The company's total research and development expenses amounted to ¥31,183,543.27, representing 1.30% of total revenue[66] - The company has implemented a comprehensive internal management system, improving operational efficiency and reducing management costs[52] Environmental and Safety Performance - The company’s safety and environmental performance improved, with a 50% reduction in minor accidents compared to the previous year[37] - The company has established an environmental protection mechanism and is classified as a key pollutant discharge unit[166] - The company adheres to the wastewater discharge standards, with CODcr and ammonia nitrogen levels within regulatory limits[168] - The company has constructed various pollution control facilities, including waste gas treatment systems for different production processes, ensuring compliance with emission standards[171] - The company has implemented carbon reduction measures, achieving a decrease of 1,684 tons in CO2 equivalent emissions[183] Governance and Compliance - The company adheres to national laws and regulations regarding corporate governance, ensuring a clear division of responsibilities among the shareholders' meeting, board of directors, and supervisory board[121] - There are no significant discrepancies between the company's governance practices and the regulations set by the China Securities Regulatory Commission[122] - The company has not faced any regulatory issues requiring rectification or violations during the reporting period[122] - The company has maintained the independence of its operations without significant influence from controlling shareholders[122] Management and Leadership Changes - The company has experienced a change in leadership, with Sun Bin elected as the new chairman following the resignation of Feng Yuhang due to personal reasons[130] - The management team has undergone significant changes, with new appointments aimed at enhancing operational efficiency and governance[130] - The company has established a performance assessment system for determining the remuneration of directors and senior management based on annual performance evaluations[129] Risk Management - The company faces cyclical risks related to the chemical industry, which are influenced by macroeconomic conditions and market supply-demand relationships[117] - The company is exposed to safety and environmental risks due to the nature of its chemical production processes, which involve hazardous materials[118] - Fluctuations in raw material prices, particularly basic chemical raw materials, pose a significant risk to the company's production costs and overall profitability[119] Social Responsibility - Total donations for social responsibility initiatives amounted to CNY 2.1936 million, primarily benefiting local educational and elderly care foundations[183]