xinje(SH:603416)2025-04-25 12:10Financial Performance - The company's operating revenue for 2024 reached ¥1,708,273,087.39, representing a 13.50% increase compared to ¥1,505,050,809.79 in 2023[27]. - The net profit attributable to shareholders for 2024 was ¥228,551,886.89, which is a 14.84% increase from ¥199,016,714.22 in 2023[27]. - The total cash dividends for the year amounted to ¥172,874,459.00, which is 75.64% of the net profit attributable to shareholders[7]. - The basic earnings per share (EPS) for 2024 was 1.64 RMB, up 15.49% from 1.42 RMB in 2023[29]. - The weighted average return on equity (ROE) improved to 10.36%, an increase of 0.64 percentage points from the previous year[29]. - The company's total assets increased to 3,215.80 million RMB, reflecting an 11.65% growth year-on-year[28]. - The net cash flow from operating activities was 127.71 million RMB, a decrease of 35.47% compared to the previous year[28]. - The gross profit margin for the company was 37.72%, which is an increase of 2.15 percentage points year-on-year[41]. Dividend and Profit Distribution - The proposed cash dividend is ¥0.87 per share (before tax), with a total cash dividend amounting to ¥136,473,585.30, reflecting a cash dividend payout ratio of 59.71%[7]. - The company plans to distribute profits based on a total share capital of 156,866,190 shares after accounting for repurchased shares[7]. - The company reported an unallocated profit of ¥1,554,879,179.73 from the previous year, leading to a total distributable profit of ¥1,752,799,904.08 for shareholders[6]. Revenue Breakdown - The programmable logic controller (PLC) segment generated revenue of 648.28 million RMB, a growth of 21.09% year-on-year, accounting for 38.05% of total revenue[41]. - The company's direct sales revenue reached 253.73 million yuan, a year-on-year increase of 25.76%[42]. - Overseas revenue amounted to 41.90 million yuan, growing by 39.63% year-on-year[42]. - The drive system product sales revenue reached 806 million yuan, reflecting a year-on-year increase of 10.57% and a gross margin of 24.46%[47]. - Human-machine interface products achieved sales of 195 million yuan, with a year-on-year growth of 9.50% and a gross margin of 32.18%[50]. - The intelligent devices (robotics) segment generated revenue of 41 million yuan, with a gross margin of 34.36%[51]. Market Strategy and Expansion - The company aims to expand its market presence in regions such as Russia, the Middle East, Southeast Asia, and Japan[42]. - The company plans to enhance its product line by developing large PLCs to increase market share[46]. - The company is focusing on industry-specific solutions and has tailored offerings for sectors such as semiconductors, lithium batteries, smart warehousing, and healthcare, reinforcing its market position[55]. - The company aims to promote the application of intelligent manufacturing equipment, emphasizing production operations, warehousing logistics, and quality management[72]. Research and Development - The company’s R&D investment amounted to ¥167,512,856.31, accounting for 9.81% of total revenue, with R&D personnel representing 28.14% of the workforce[114]. - The company holds 62 invention patents, 95 utility model patents, 71 design patents, and 52 software copyrights, showcasing its strong focus on R&D and innovation[94]. - The company is set to launch new high-performance servo drive systems (DS6 series), high-performance direct drive controllers (DL6 series), and large PLCs by 2025, aiming to create sustainable growth engines[159]. Risk Management - The company has outlined potential risks in its management discussion and analysis section, emphasizing the importance of investor awareness[12]. - The company faces competition risks from both domestic and foreign firms in the industrial automation market, which may impact sales and profitability if it fails to enhance its technological capabilities[166]. - The growth of accounts receivable poses a risk of bad debts, which could negatively impact revenue quality and cash flow if collection issues arise[168]. Corporate Governance - The board of directors remains stable, with no significant changes in membership during the reporting period[176]. - The company is committed to transparency, with all shareholder meeting resolutions published on the Shanghai Stock Exchange website[175]. - The board proposed to authorize the board of directors or their authorized representatives to handle matters related to the private placement of A-shares[200]. Shareholder Engagement - The company has strengthened its market value management capabilities and improved investor communication through regular performance briefings and roadshows[185]. - The total remuneration for all directors, supervisors, and senior management during the reporting period was 5.1092 million RMB[181]. - The company plans to issue shares to a specific target, raising up to 385.78 million RMB for projects including the construction of a technology center and marketing network[189].