TCT(SH:688015)2025-04-25 11:25Financial Performance - The net profit attributable to the parent company's shareholders for the fiscal year 2024 is RMB 83,572,185.56, representing a cash dividend distribution ratio of 51.93%[5] - The proposed cash dividend is RMB 2.30 per 10 shares (including tax), totaling RMB 43,396,570.66 based on a total share capital of 188,680,742 shares as of December 31, 2024[5] - The company's distributable profits as of December 31, 2024, amount to RMB 687,450,898.66[5] - The company achieved operating revenue of CNY 2,185,833,148.86 in 2024, an increase of 9.59% compared to the previous year[19] - The net profit attributable to shareholders was CNY 83,572,185.56, a decrease of 6.09% year-on-year[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 76.10% to CNY 47,403,531.66[19] - The net cash flow from operating activities was CNY 443,413,994.26, an increase of 129.26% compared to the previous year[22] - Total assets at the end of 2024 reached CNY 6,206,140,747.35, an increase of 8.63% from the end of 2023[22] - The net assets attributable to shareholders increased by 2.43% to CNY 2,551,978,290.20[22] - The basic earnings per share decreased by 6.38% to CNY 0.44[21] - The R&D investment accounted for 12.20% of operating revenue, down by 1.91 percentage points from the previous year[21] - The weighted average return on net assets was 3.31%, a decrease of 0.31 percentage points year-on-year[21] Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[4] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7] - The company has not experienced any violations of decision-making procedures regarding external guarantees[8] - The company emphasizes the importance of information disclosure, ensuring timely, accurate, and complete reporting to maintain investor rights[199] - The company strictly followed regulations for related party transactions, ensuring fairness and transparency in all dealings[198] Market Expansion and Strategy - The company is actively pursuing market expansion strategies and has outlined its future development plans[6] - The total amount of new contracts signed during the reporting period reached CNY 35.36 billion, with CNY 29.15 billion from signal system engineering projects[36] - The company secured a total of CNY 27.75 billion in cumulative bid amounts by December 31, 2024, including CNY 25.29 billion from new signal system projects[36] - The company’s order backlog amounted to CNY 71.44 billion as of December 31, 2024, excluding CNY 6.71 billion in bids that have not yet been signed[36] - The company is expanding its overseas business, with a new project for the Hong Kong Disneyland signal system renovation entering the implementation phase[135] Technological Development - The company is focused on developing new technologies and products, including advanced train control systems[12] - The company achieved a milestone by successfully implementing the first domestic autonomous CBTC system project in 2010 and the first autonomous FAO system project in 2017, enhancing its core competitiveness in the urban rail transit industry[40] - The company has applied for 108 patents and was granted 302 patents in 2024, with a total of 1,244 valid patents by the end of the year, including 37 overseas patents[46] - The company is advancing the development of a smart urban rail system (SMS) integrating cloud computing, big data, IoT, AI, 5G, and blockchain technologies[109] - The company has successfully developed and applied core technologies such as I-CBTC and FAO, expanding the application of CBTC technology to heavy-haul railways and existing line renovations[85] Safety and Quality Management - The company achieved multiple safety and quality management certifications in 2024, including ISO 9001 and ISO 27001, ensuring comprehensive risk management[58] - The company emphasizes customer satisfaction and safety as core values, continuously improving its safety quality management system[114] - The company recognizes the importance of safety, efficiency, and resilience in urban rail transit operations, leveraging AI and big data for dynamic safety monitoring and decision-making[181] R&D and Innovation - The company completed a total R&D investment of approximately 266.72 million yuan in the current year, a decrease of 5.22% compared to the previous year, with R&D expenses accounting for 12.20% of operating revenue[99] - The number of R&D personnel has increased to 448, representing 25.24% of the total workforce, up from 23.97% in the previous period[105] - The average salary of R&D personnel is CNY 36.95 thousand, compared to CNY 34.65 thousand in the previous period[105] - The company aims to enhance operational efficiency through intelligent dynamic scheduling systems and smart maintenance frameworks[78] Low-Altitude Economy - The company is actively expanding into the low-altitude economy, successfully launching its first application project in wetland protection using drones in 2024[48] - The establishment of the low-altitude economic development department in December 2024 marks a new phase for the low-altitude economy in China[72] - The low-altitude economy is increasingly applied in urban management, emergency response, and logistics, showcasing its broad application prospects[82] - The company aims to enhance its low-altitude economy capabilities, focusing on AI technology applications in various inspection and management scenarios, including wetland patrol and highway inspections[184] Awards and Recognition - The company received several awards for its technological advancements, including the first prize for the "Key Technology Research and Application of Intelligent Control and Transport Scheduling for Urban Rail Transit" from the China Transportation Association[47] - The company received 36 awards from various owners in 2024, recognizing its stable and high-quality delivery capabilities[56] - The company has received multiple awards for its technological advancements, including first prizes from the China Urban Rail Transit Association and the China Transportation Association in 2024[95] Governance and Shareholder Engagement - The company held a total of 5 shareholder meetings during the reporting period, ensuring all shareholders had equal rights to express opinions and vote[196] - The board of directors successfully completed its re-election, consisting of 11 members, including 4 independent directors, in compliance with legal requirements[198] - The supervisory board also completed its re-election, comprising 3 supervisors, including 2 employee representatives, adhering to legal and regulatory standards[198] - The company actively engages with investors, addressing inquiries and feedback to uphold their rights and interests[199]