Financial Performance - The company's operating revenue for 2024 reached ¥2,658,923,309.03, representing a 5.21% increase compared to ¥2,527,255,577.15 in 2023[19]. - Net profit attributable to shareholders for 2024 was ¥116,613,490.13, an increase of 11.42% from ¥104,661,673.38 in 2023[19]. - The net cash flow from operating activities improved significantly to ¥15,440,001.79 in 2024, compared to a negative cash flow of -¥123,336,178.09 in 2023, marking a 112.52% increase[19]. - Basic and diluted earnings per share for 2024 were both ¥1.03, up 11.96% from ¥0.92 in 2023[19]. - Total assets increased by 60.71% to ¥3,043,455,043.58 at the end of 2024, compared to ¥1,893,765,116.88 at the end of 2023[19]. - The company reported a total of ¥20,116,978.40 in non-recurring gains for 2024, compared to ¥16,394,261.50 in 2023[26]. - The overall gross margin slightly decreased due to the increased proportion of low-margin trade business[60]. - The company's revenue from precious metals reached approximately ¥2.63 billion, with a year-over-year increase of 9.74%[66]. - The gross profit margin for precious metals was reported at 6.58%, a decrease of 0.52% compared to the previous year[66]. - The sales volume of precious metal recycling decreased by 27.38% year-over-year, totaling 124,779.42 kg[67]. - The production volume of precious metal recycling dropped significantly by 72.68% year-over-year, amounting to 63,901.19 kg[67]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 4 RMB per 10 shares to all shareholders, based on a total share capital of 112,351,634 shares, excluding 981,700 shares in the repurchase account[4]. - The company plans to distribute a cash dividend of 3.00 CNY per 10 shares, totaling 33,705,490.20 CNY, which represents 32.49% of the distributable profit for 2023[172][173]. - The company will implement a profit distribution plan that includes a cash dividend of 4.00 CNY per 10 shares and a capital reserve increase of 4 shares per 10 shares, raising the total share capital to 158,273,987 shares[176]. Business Strategy and Growth - The company has outlined its future growth prospects, emphasizing market expansion and potential mergers and acquisitions to enhance its competitive position[4]. - The company is actively engaged in the development of new technologies and products related to catalytic converters, which are essential for reducing harmful emissions from vehicles[13]. - The company is expanding its precious metal recovery business into the automotive catalyst sector, leveraging existing core technologies and establishing partnerships with several waste automotive catalyst suppliers[31]. - The new materials business, an extension of the precious metal recovery operations, is showing a steady increase in revenue, with significant market potential in various industries such as automotive, petrochemical, and electronics[31]. - The company aims to enhance its R&D capabilities and increase investment in technology development to strengthen its competitive advantage and expand market share in the petrochemical and fine chemical sectors[32]. - The company aims to expand its market share in the precious metal recovery sector, leveraging its competitive advantages in customer resources and technology[111]. - In 2025, the company plans to enhance its business system focusing on precious metal recovery, new materials, and trade, aiming for sustainable and high-quality growth[112]. Environmental and Social Responsibility - The company is committed to environmental and social responsibility, integrating sustainable practices into its operations and product offerings[5]. - The company has established a relatively mature precious metal recycling system, supported by national policies promoting resource recycling and environmental protection[28]. - The company has implemented pollution control facilities that match production scale, with four sets of exhaust treatment systems in place[194]. - The company conducts quarterly wastewater testing and monthly monitoring of nitrogen oxides from boiler emissions[195]. - The company has adopted measures to reduce carbon emissions, including centralized office space and energy-efficient equipment[195]. - The company emphasizes social responsibility, integrating it into its development strategy to promote sustainable growth[198]. Research and Development - The company has invested significantly in technology upgrades, with core technologies such as platinum dissolution liquid enrichment being at the leading level domestically[53]. - Research and development (R&D) investment increased to ¥81,519,745.95 in 2024, representing 3.07% of operating revenue, up from 1.65% in 2023[87]. - The company has completed several R&D projects aimed at improving recovery processes for precious metals, enhancing technical capabilities and revenue channels[78]. - The number of R&D personnel remained stable at 17, with a 50% increase in master's degree holders from 2 in 2023 to 3 in 2024[87]. Governance and Compliance - The company has established a robust financial reporting framework, ensuring the accuracy and completeness of its financial statements, as confirmed by its management team[3]. - The governance structure of the company complies with regulatory requirements, ensuring proper operational conduct[126]. - The company held 2 shareholder meetings during the reporting period, including 1 annual and 1 extraordinary meeting, ensuring compliance with legal procedures[127]. - The board of directors consists of 9 members, including 3 independent directors, and held 5 meetings, reviewing 38 proposals[130][131]. - The supervisory board, comprising 3 members, conducted 4 meetings and reviewed 25 proposals, focusing on financial compliance and executive performance[132]. - The company published 56 announcements throughout the year, ensuring accurate and complete information disclosure without any insider information leaks[136]. - The company’s board of directors strictly adhered to relevant laws and regulations, ensuring compliance in major transactions[164]. Employee Development and Welfare - The total number of employees at the end of the reporting period was 104, with 48 in production, 12 in sales, 24 in technology, and 6 in finance[168][169]. - The company has a competitive salary policy, including fixed wages, performance bonuses, and employee stock incentives, aimed at motivating employees and promoting mutual development[170]. - The company has established a specialized training system to enhance employee skills and promote career development, including pre-job training and management capability training[171]. - Regular health check-ups are organized for employees to focus on their physical and mental health[200]. - The company aims to reserve human resources for stable development through continuous employee training[200]. Risk Management - The company faces risks from fluctuations in precious metal prices, which could significantly impact its profitability[116]. - The concentration of precious metal recovery business with major clients like Sinopec and PetroChina poses a risk if their operational conditions change[117]. - The company is subject to increasing environmental regulations, which could raise operational costs and affect project viability[120]. - The company has established internal control systems for hedging operations to mitigate risks associated with commodity price fluctuations[96].
浩通科技(301026) - 2024 Q4 - 年度财报