Delinhai(SH:688069)2025-04-25 10:25Financial Performance - The company reported a net loss attributable to shareholders of RMB -86,148,756.34 for the year 2024[6]. - The total profit available for distribution to shareholders at the end of 2024 was RMB 214,986,927.41[6]. - A cash dividend of RMB 2.00 per 10 shares (including tax) is proposed, amounting to a total of RMB 21,816,518.20[6]. - The total cash dividend distributed for the year, including interim dividends, was RMB 45,837,509.70[7]. - The total amount spent on share buybacks during the year was RMB 77,998,631.07[7]. - The combined total of cash dividends and buyback amounts reached RMB 123,836,140.77[7]. - The profit distribution plan is subject to approval at the 2024 annual general meeting[8]. - The net profit attributable to shareholders was -¥86,148,756.34 in 2024, a significant decline from -¥13,441,120.27 in 2023[23]. - The company's operating revenue for 2024 reached ¥448,370,184.32, representing a 44.62% increase compared to ¥310,042,294.18 in 2023[23]. - The net cash flow from operating activities increased by 51.50% to ¥89,201,516.73, driven by improved collection of receivables[26]. Operational Highlights - The company achieved operating revenue of 448.37 million RMB in 2024, representing a 44.62% increase year-on-year, primarily due to a 92.95% growth in technology equipment integration projects[38]. - The company recognized revenue of ¥118,607,200 from the completion of the "Meiliang Lake Blue Algae Offshore Control Project" and ¥62,728,800 from the "Meiliang Lake (Qili Dike Water Area) Offshore Control Project" during the reporting period[26]. - The company incurred a provision for estimated liabilities of ¥48,079,500 related to ongoing litigation, impacting revenue recognition for the "Xingyun Lake Project"[26]. - The company has outlined various risks and countermeasures in its report, which can be found in the management discussion section[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[10]. Research and Development - Research and development expenses accounted for 5.09% of operating revenue, down from 9.46% in 2023, as the focus shifted from basic technology development to product adaptation and market optimization[25]. - The total R&D investment for the year was approximately ¥22.82 million, a decrease of 22.23% from the previous year, with R&D investment as a percentage of operating income at 5.09%[92]. - The company has obtained 7 new authorized patents during the reporting period, including 3 invention patents and 4 utility model patents, bringing the total to 99 patents[89]. - The company has initiated research on the impact of different brushing factors on the removal of biofilms, aiming to establish key technologies for controlling algae growth[98]. - The company has developed a complete set of methane emission monitoring methods, significantly reducing methane release from lake sediment, with a focus on flexible dredging techniques[99]. Market and Strategic Initiatives - The company is actively expanding its market presence through strategic partnerships and technological advancements in water governance[44]. - The company aims to transition from "one-time engineering dredging" to "regular sediment management" through the commercialization of its new technology[40]. - The company plans to focus on market demand and optimize resource allocation in response to the completion of high-investment projects[27]. - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of 200 million RMB allocated for this purpose[188]. - The company is committed to integrating ESG principles into its strategic decisions, promoting sustainable development and social responsibility[165]. Governance and Management - The board of directors consists of 7 members, including 3 independent directors, ensuring a clear division of responsibilities and independent operation[178]. - The supervisory board, comprising 3 members, effectively oversees the company's operations, finances, and internal controls[179]. - The company has revised its independent director system in December 2023 and established specific working guidelines for independent director meetings in January 2024[180]. - The company emphasizes transparency in investor communication, implementing innovative information disclosure methods such as annual report visual interpretations and short videos[174]. - The company has maintained a strong management team with members holding multiple directorships across its subsidiaries, ensuring consistent governance[187]. Environmental and Technological Innovations - The company has developed advanced technologies for blue-green algae management, including a dual air flotation technology and high-pressure algae control systems, enhancing treatment efficiency[79]. - The company has established a national "lake health management platform" for smart monitoring and real-time diagnostics, enhancing its operational capabilities[80]. - The "Lake Ecological Hospital" model has achieved significant results, with Taihu Lake reaching Class III water quality for the first time this century, six years ahead of national targets[159]. - The company is developing a digital twin system for water environment governance, focusing on intelligent monitoring and targeted treatment of eutrophication[171]. - The company is focusing on standardizing and modularizing its core technologies by 2025, supporting nationwide deployment of the "Lake Ecological Hospital" model[168].