BOSHI(002698)2025-04-25 10:10Financial Performance - The company's operating revenue for 2024 reached ¥2,862,689,438.16, representing an increase of 11.59% compared to ¥2,565,408,783.42 in 2023[6]. - The net profit attributable to shareholders for 2024 was ¥524,225,526.98, a decrease of 1.76% from ¥533,591,213.86 in 2023[6]. - The net cash flow from operating activities surged by 363.39% to ¥643,842,979.01 in 2024, compared to ¥138,942,658.01 in 2023[6]. - The company's total assets increased by 4.61% to ¥6,955,348,945.64 at the end of 2024, up from ¥6,648,692,787.99 at the end of 2023[6]. - The net assets attributable to shareholders rose by 9.86% to ¥3,790,432,312.96 at the end of 2024, compared to ¥3,450,338,131.69 at the end of 2023[6]. - The company achieved a record revenue of 2.863 billion CNY in 2024, with a net profit of 524 million CNY, marking a significant year-on-year growth across its smart manufacturing equipment, industrial services, and environmental process equipment segments[52]. - In 2024, the company achieved a total revenue of 2.86 billion RMB, representing a year-on-year growth of 11.59%[81]. - The net profit attributable to the parent company was 524.23 million RMB, a slight decrease of 1.76% compared to the previous year[85]. - The company's industrial service revenue reached 768 million yuan in 2024, representing a year-on-year growth of 7.18%[160]. Business Operations and Strategy - The company has not reported any changes in its main business since its listing, indicating stability in operations[16]. - The company's core businesses, intelligent manufacturing equipment and industrial services, contributed 93% of total revenue in 2024[26]. - The company has established a complete product matrix from intelligent equipment to smart factories, positioning itself as a leader in the domestic industry[28]. - The company is focused on technological innovation and differentiation strategies to maintain a competitive edge in the intelligent manufacturing sector[28]. - The company anticipates continued demand for smart manufacturing solutions driven by national policies supporting industrial digital transformation[27]. - The company is committed to a technology-driven strategy, focusing on high-end intelligent manufacturing equipment to meet the increasing demand for automation and digitalization in the manufacturing sector[57]. - The company's core competitive advantage lies in its comprehensive product matrix, covering single equipment, complete production lines, and intelligent factories, which enhances its market position[55]. - The successful implementation of intelligent manufacturing solutions has positioned the company as a leader in the industry, aligning with national digitalization strategies and long-term manufacturing goals[52]. Research and Development - The company obtained 57 patents during the reporting period, including 18 invention patents and 39 utility model patents[67]. - The company is developing an automated production information management system to enhance operational efficiency and reduce management costs, targeting a significant improvement in production management and decision-making processes[107]. - The company is focusing on expanding its market share in the ferrosilicon smelting sector through the successful implementation of intelligent equipment solutions[107]. - The ongoing research and development efforts are expected to significantly enhance the company's core competitiveness and lead the industry towards greener and smarter production practices[107]. - The company has established a strategic cooperation with Harbin Institute of Technology to develop humanoid robot key technologies, focusing on bionic motion structure design and intelligent navigation[109]. - The number of R&D personnel has increased by 5.71% from 368 to 389, with a significant rise in subsidiary personnel by 33.87%[110]. - R&D investment increased to ¥157,273,955.95 in 2024, up 7.81% from ¥145,882,428.99 in 2023, while the ratio of R&D investment to revenue decreased to 5.49% from 5.69%[112]. Market and Industry Trends - The demand for industrial services is driven by both the natural growth of existing equipment and the continuous breakthroughs in new production and operation projects, indicating a dual growth momentum[31]. - The national policy framework supports the development of high-end intelligent manufacturing equipment, with multiple policies released from 2023 to 2024 to empower industry upgrades and technological innovation[33][34]. - The "Robot+" application action plan aims to double the density of robots in manufacturing, focusing on creating over 200 innovative application scenarios[34]. - The company is well-positioned to benefit from the upcoming policies promoting equipment updates and technological transformations in key industries, which are expected to activate significant market demand[35][36]. - The company recognizes the potential risks associated with the slower-than-expected development of the "Robot+" initiative and the overall demand for intelligent equipment in China[159]. Governance and Compliance - The company has maintained an A-level rating for information disclosure from the Shenzhen Stock Exchange for 8 consecutive years, ensuring transparency and compliance with regulations[171]. - The company has established a complete and independent asset structure, with no instances of asset occupation by shareholders or related parties[174]. - The company has a robust corporate governance structure, ensuring equal rights for all shareholders, particularly minority shareholders[170]. - The company has developed a comprehensive set of governance policies, including management of investor relations and insider information[172]. - The company has a well-defined strategy for future governance improvements, aiming to enhance operational transparency and compliance[171]. Shareholder and Management Information - The annual shareholders meeting had a participation rate of 61.75% on May 27, 2024, and the first extraordinary shareholders meeting had a participation rate of 62.53% on September 23, 2024[177][178]. - The total number of shares held by the board members at the end of the reporting period was 241,499,096 shares, with an increase of 2,000 shares during the period[179]. - Qi Rongkun resigned as an independent director on September 23, 2024, after serving the maximum term of six years[180][181]. - Zhang Jinsong was elected as an independent director on September 23, 2024, to fill the vacancy left by Qi Rongkun[181]. - The company has a diverse board with members holding various academic and professional qualifications, including engineering and economics[182][183].