GRIPM(SH:688456)2025-04-25 13:10Financial Performance - The net profit attributable to shareholders for the year 2024 is RMB 59,382,495.87, with a cash dividend distribution plan of RMB 2.0 per 10 shares, totaling RMB 20,732,000 (including tax) for 103,660,000 shares[7]. - The cash dividend payout ratio for the year is 34.91%[7]. - The company has reported a total distributable profit of RMB 80,277,184.70 as of December 31, 2024[7]. - The net profit attributable to shareholders increased by 7.73% to ¥59,382,495.87 in 2024 from ¥55,119,337.29 in 2023[22]. - The basic earnings per share increased by 7.55% to ¥0.57 in 2024, up from ¥0.53 in 2023[24]. - The company's operating revenue for the reporting period was approximately ¥3.23 billion, representing a year-on-year increase of 20.44% from ¥2.68 billion[76]. - Operating costs increased to approximately ¥2.98 billion, up 21.31% from ¥2.46 billion in the previous year[76]. - The company reported a significant increase in revenue from 3D printing powder materials, with sales volume rising by 202.04% year-over-year[79]. - The company’s total revenue for the period reached 2,965,975,657.45 CNY, representing a year-on-year increase of 21.08%[82]. Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm[6]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[9]. - The company has not violated decision-making procedures for external guarantees[9]. - The company has established a sound corporate governance structure, including a board of directors and an audit committee[107]. - The internal control audit report received a standard unqualified opinion, indicating effective internal control systems[144]. - The company has no significant deficiencies in internal control during the reporting period, indicating robust governance practices[144]. Research and Development - Research and development expenses accounted for 3.43% of operating revenue in 2024, a decrease of 0.51 percentage points from 3.94% in 2023[24]. - The company has increased its R&D efforts, adding 4 national-level research projects and 2 provincial-level technology plan projects during the reporting period[48]. - The company holds a total of 165 authorized patents, including 139 domestic invention patents and 1 foreign invention patent[50]. - The company has achieved significant advancements in core technologies, with several technologies reaching international advanced levels, including spherical metal powder preparation technology and high-quality electrolytic copper powder green preparation technology[47]. - The company is focusing on high-end manufacturing and green intelligent transformation to meet the growing demand for high-performance powder materials in sectors like photovoltaics and aerospace[45]. Market and Product Development - The company maintained a competitive advantage in the metal powder materials sector, focusing on copper-based powder materials and expanding into new customer and market segments[34]. - The company has established a global sales network and after-sales service system, leveraging technical marketing to maintain long-term stable relationships with key customers[39]. - The company is actively developing high-value-added products in the microelectronics interconnect materials sector, focusing on new energy photovoltaic, semiconductor/LED packaging, and automotive electronics[35]. - The company has established a comprehensive procurement management system to protect the rights of suppliers and customers, ensuring timely product delivery and quality control[178]. Environmental and Social Responsibility - The company has invested approximately 64.76 million in environmental protection during the reporting period[149]. - The company has received recognition as a "city-level green factory demonstration enterprise" for its efforts in energy conservation and environmental protection[166]. - The company has implemented a comprehensive environmental management system to enhance pollution prevention and ecological protection responsibilities[167]. - The company achieved a cumulative carbon reduction of 270 tons in 2024 through various energy-saving measures and the implementation of clean energy projects[160]. - The company emphasizes solid waste management by promoting recycling and reducing the generation of solid waste[163]. Governance and Shareholder Engagement - The company held one shareholders' meeting during the reporting period, which complied with relevant laws and regulations[108]. - All proposals at the 2023 annual shareholders' meeting were approved, including the financial budget report for 2023[109]. - The company has established a compensation and assessment committee to review the remuneration of directors and senior management based on their performance during the year[121]. - The company has established a governance structure to protect shareholder rights, ensuring compliance with relevant laws and regulations, and held one annual general meeting in 2024[175]. - The company has made commitments related to resolving competition issues with various subsidiaries since May 2020[193]. Risks and Challenges - The company faces risks related to new product and technology development, as well as potential talent loss in its R&D team[64]. - The company is exposed to foreign exchange risks, particularly with its overseas operations priced in USD, GBP, and EUR, which could impact competitiveness and lead to exchange losses if the RMB appreciates[68]. - The ongoing Red Sea crisis is expected to increase shipping costs and delays, potentially leading to reduced orders from European customers[69]. - The company noted that the increase in revenue and costs was primarily driven by higher sales volumes and rising raw material prices[78].