Shanghai Bloom Technology (SH:603325)2025-04-25 10:25Financial Performance - The company's operating revenue for 2024 was CNY 1,156,683,155.48, a decrease of 5.43% compared to CNY 1,223,132,588.66 in 2023[24]. - The net profit attributable to shareholders for 2024 was CNY 297,009,657.21, reflecting a 3.32% increase from CNY 287,479,444.70 in 2023[24]. - The net profit after deducting non-recurring gains and losses was CNY 262,223,600.21, down 6.48% from CNY 280,403,572.54 in 2023[24]. - The company's total assets increased by 56.01% to CNY 5,424,490,297.32 at the end of 2024, compared to CNY 3,476,932,025.79 at the end of 2023[24]. - The basic earnings per share for 2024 was CNY 4.5497, a decrease of 20.87% from CNY 5.7496 in 2023[25]. - The weighted average return on equity decreased by 15.44 percentage points to 13.15% in 2024 from 28.59% in 2023[25]. - The net cash flow from operating activities for 2024 was CNY 449,639,902.24, down 31.84% from CNY 659,699,696.32 in 2023[24]. - The company reported non-recurring gains of CNY 34,786,057.00 in 2024, compared to CNY 7,075,872.16 in 2023[29]. Dividend Distribution - The company plans to distribute a cash dividend of 7.50 RMB per 10 shares, totaling 50,002,500 RMB (including tax), which represents 30.30% of the net profit attributable to shareholders[8]. - The cash dividend distribution plan is subject to approval at the shareholders' meeting[8]. - The total cash dividend for the year is projected to be 90,004,500.00 RMB, which is 30.30% of the net profit attributable to the parent company's shareholders[146]. - The company plans to conduct mid-term cash dividends in 2025 if profits meet the conditions, with the amount not exceeding 20% and not less than 10% of the net profit attributable to shareholders for the corresponding period[146]. Share Capital and Structure - The total share capital will increase from 66,670,000 to 80,004,000 shares after a capital reserve transfer of 2 shares for every 10 shares held[8]. - The company has a total share capital of 66,670,000 shares as of December 31, 2024, prior to the proposed capital increase[8]. - The total number of shares held by directors, supervisors, and senior management at the end of the reporting period was 27,013,820 shares, with a net increase of 1,700 shares during the year[116]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding future plans and development strategies[9]. - The company has confirmed no non-operating fund occupation by controlling shareholders or related parties[10]. - The company maintains a strong internal control system to ensure independence from its controlling shareholders, safeguarding its operational integrity[109]. - The company has established independent financial, personnel, and operational structures to ensure compliance with legal and regulatory requirements[110]. Research and Development - R&D expenses increased by 12.08% to 44.4826 million RMB, reflecting the company's commitment to technological innovation[35]. - The company is focusing on R&D in pneumatic conveying technology and has made advancements in product design and functionality[77]. - The company has established a research and development model centered on independent innovation, with a focus on market-driven product development and technology upgrades[48]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[1]. - The company is focusing on international market expansion, responding to the "Belt and Road" initiative, and establishing overseas marketing networks[34]. - The company is expanding its market presence in new materials, food, and pharmaceuticals to mitigate risks associated with large project dependencies[102]. Environmental and Social Responsibility - The company invested 585,800 RMB in environmental protection measures during the reporting period[152]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[153]. - The company has implemented energy-saving and water-saving technologies, reducing material and energy waste during project construction[154]. Corporate Governance - The company has completed the election of the second board of directors and the second supervisory board, with relevant proposals approved at the shareholders' meeting[112]. - The company has appointed a new financial director, DENG Yuying, following the resignation of the previous financial director, JIANG Huilian[116]. - The company’s board of directors and supervisory board have been re-elected, ensuring continuity in governance[112]. Financial Management and Investor Relations - The company will strictly adhere to its profit distribution policy to protect investor rights[181]. - The company is committed to maintaining a robust investor return mechanism, including a three-year dividend plan post-listing[181]. - The company will compensate investors for losses caused by any false statements in its IPO documents as per legal regulations[183].