道森股份(603800) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was CNY 1,373,603,914.21, a decrease of 38.60% compared to CNY 2,237,235,267.21 in 2023[23] - The net profit attributable to shareholders for 2024 was CNY 116,990,127.42, down 42.87% from CNY 204,781,020.16 in the previous year[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 77,727,030.38, a decline of 47.32% from CNY 147,541,124.58 in 2023[23] - The basic and diluted earnings per share for 2024 were RMB 0.58, a decrease of 41.41% from RMB 0.99 in 2023[25] - The weighted average return on equity decreased to 14.57% from 21.29% in the previous year, a drop of 6.72 percentage points[25] - The company achieved operating revenue of 137,360.39 million yuan, a decrease of 38.60% compared to the same period last year[62] - The net profit attributable to shareholders of the listed company was 11,699.01 million yuan, down 42.87% year-on-year[62] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 7,772.70 million yuan, a decline of 47.32% compared to the previous year[62] Cash Flow and Assets - The net cash flow from operating activities increased significantly to CNY 24,706,620.65, up 476.77% from CNY 4,283,609.59 in 2023[23] - The total assets at the end of 2024 were CNY 2,921,611,067.70, a decrease of 19.30% from CNY 3,620,525,071.70 at the end of 2023[24] - The net assets attributable to shareholders at the end of 2024 were CNY 817,992,535.93, a slight increase of 0.46% from CNY 814,213,627.67 in 2023[24] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares to all shareholders, totaling CNY 20,167,453.90 (including tax) based on the adjusted total share capital[5] - The cash dividend for 2024 represents 17.24% of the net profit attributable to shareholders, while the total dividend amount, including share buybacks, accounts for 88.60% of the net profit[146] - Over the last three fiscal years, the cumulative cash dividend paid was RMB 50,708,419.75, with an average cash dividend payout ratio of 35.53%[148] Investments and Acquisitions - The company invested RMB 15 million to acquire a 15% stake in Daniu Technology and established a joint venture with Ruisiwei with a total registered capital of RMB 50 million[35] - The company divested 100% equity of Dawson Materials and Dawson Machinery to optimize asset structure and reduce management costs, with the transactions completed by April 2024[39][40] - The company has acquired a 75% stake in Shenzhen Hongrui Microelectronics Technology Co., Ltd., which will be included in the consolidated financial statements[74] Research and Development - Research and development expenses totaled 56,053,649.64 RMB, representing 4.08% of total revenue[79] - The company has accumulated 79 valid authorized patents, including 5 invention patents and 73 utility model patents, enhancing its technological capabilities[61] - The company has developed a high-precision laser direct imaging (LDI) exposure machine, which is crucial for the integrated circuit field, offering advantages such as high resolution and low cost[57] Market and Industry Trends - The electro-copper foil equipment market is projected to reach 29.5 billion yuan by 2028, driven by the growing demand for lithium battery copper foil due to the rapid increase in global electric vehicle sales[46] - The vacuum coating equipment market is expected to see significant growth, with new market opportunities emerging from the demand for ultra-thin composite copper foil and advanced coating technologies[48] - The specialized equipment manufacturing industry is expected to see significant growth, with a market size projected to expand due to advancements in technology and increasing demand in sectors like smart manufacturing and renewable energy[50] Corporate Governance - The company maintains complete independence from its controlling shareholder in terms of assets, personnel, finance, and operations, with no interference in decision-making during the reporting period[113] - The company has established a complete corporate governance structure, ensuring independent operation and decision-making[170] - The company strictly adheres to information disclosure regulations, ensuring timely and accurate reporting through designated media[112] Environmental and Social Responsibility - The company invested RMB 12.30 million in environmental protection during the reporting period[158] - The company has implemented measures to reduce carbon emissions, achieving a reduction of 534.6 tons of CO2 equivalent during the reporting period[164] - The company made a total contribution of 2.03 million yuan to public welfare projects, benefiting 45 individuals[164] Risk Management - The company will enhance its risk management framework to address various risks, including market, technology, and financial risks, ensuring sustainable development[108] - The company recognizes the risk of rising raw material costs, particularly for steel and copper, which could impact profitability[108] - The company faces competitive pressures in the technology-intensive electro-copper foil equipment sector, which may affect its market share and profitability[108]