Financial Performance - The company's operating revenue for 2024 reached ¥1,790,356,151.09, representing a 42.30% increase compared to ¥1,258,163,028.85 in 2023[20]. - Net profit attributable to shareholders for 2024 was ¥414,395,225.31, a 27.40% increase from ¥325,261,531.43 in 2023[20]. - The cash flow from operating activities for 2024 was ¥164,429,388.52, showing a 4.61% increase from ¥157,187,732.20 in 2023[20]. - The total assets at the end of 2024 amounted to ¥4,309,115,661.76, a 21.25% increase from ¥3,553,872,356.51 at the end of 2023[21]. - Basic earnings per share for 2024 were ¥2.32, reflecting a 26.09% increase from ¥1.84 in 2023[22]. - The company's net assets attributable to shareholders increased to ¥3,146,979,859.56 at the end of 2024, a 10.57% rise from ¥2,846,125,043.49 at the end of 2023[21]. - The weighted average return on equity for 2024 was 13.88%, an increase of 1.4 percentage points from 12.48% in 2023[22]. - The gross profit margin for the main business was 44.57%, a decrease of 1.86 percentage points from the previous year[95]. Research and Development - The company increased its R&D investment to CNY 121.40 million in 2024, accounting for 6.78% of revenue, a year-on-year growth of 34.74%[37]. - The company has filed patents for several innovative printing technologies, including a new print head design that simplifies structure and reduces costs[65]. - The total number of newly applied patents during the reporting period was 86, including 17 invention patents and 35 utility model patents[68]. - The company has developed a digital printing system with a production capacity of 1,100 units, primarily for the decorative building materials sector, and is a domestic leader in this field[76]. - The company has established a smart manufacturing platform for textile digital printing, integrating deep learning technology, with a total investment of RMB 205 million[76]. - The company has 315 R&D personnel, accounting for 29.44% of total employees, an increase from 271 personnel and 28.80% in the previous period[78]. Market Expansion and Strategy - The company is actively expanding its market presence by participating in major industry exhibitions, enhancing its brand's international influence[38]. - The company is pursuing a dual circulation development strategy, focusing on both domestic and international markets to achieve coordinated expansion of sales regions and business scale[39]. - The company plans to expand its sales channels by balancing domestic and international markets, focusing on traditional markets in South Asia, Southeast Asia, and Europe, while also targeting new markets in South America and North America[134]. - The company aims to become a leading global supplier of industrial digital printing solutions, promoting widespread application and scaling of digital printing technology[128]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of $100 million allocated for potential deals[148]. Governance and Compliance - The company has established a governance structure consisting of the shareholders' meeting, board of directors, supervisory board, and management team, ensuring compliance with relevant laws and regulations[138]. - The company maintained independence in operations, assets, and finances, with no interference from major shareholders in decision-making processes[140]. - The company has established specialized committees under the board, including the strategy committee and audit committee, to enhance governance effectiveness[138]. - The company has no significant differences in governance practices compared to regulatory requirements, ensuring compliance with the standards set by the China Securities Regulatory Commission[141]. - The company emphasized its commitment to ESG (Environmental, Social, and Governance) principles, integrating sustainable development into daily operations[198]. Dividend Policy - The company plans to distribute a cash dividend of 6.0 RMB per 10 shares (including tax), totaling approximately 107.67 million RMB based on a total share capital of 179,451,332 shares[5]. - The proposed cash dividend for the full year 2024 is CNY 107,670,799.20, at a rate of CNY 6.0 per 10 shares, pending shareholder approval[178]. - The total cash dividend distributed in the most recent fiscal year was CNY 143,561,065.60, representing 34.64% of the net profit attributable to ordinary shareholders[181]. - Over the last three fiscal years, the cumulative cash dividend amounted to CNY 278,533,718.20, with an average net profit of CNY 327,563,517.88, resulting in a cash dividend ratio of 85.03%[183]. Operational Efficiency - The company achieved a 40% reduction in production costs through improved operational efficiencies[151]. - The company plans to enhance operational efficiency and quality by implementing refined management practices, focusing on cost control, and improving inventory turnover and accounts receivable management[135][136]. - The company has established an efficient and transparent communication mechanism for investor relations, ensuring investors' rights to be informed, participate, and supervise major decisions[200]. Employee Development - The company has a comprehensive training program for employees, focusing on improving core competitiveness and ensuring sustainable development[171]. - The total remuneration for core technical personnel at the end of the reporting period was 89.70 million RMB, excluding those who also serve as directors, supervisors, or senior management[154]. - The company is focusing on enhancing R&D capabilities and new product development to drive sustainable growth in the digital printing industry[68].
宏华数科(688789) - 2024 Q4 - 年度财报