Actblue (SZ:300816)2025-04-25 14:50Financial Performance - The company's operating revenue for 2024 is reported at ¥946,540,590.39, a decrease of 9.56% compared to ¥1,046,542,458.78 in 2023[18]. - Net profit attributable to shareholders for 2024 is ¥49,877,842.84, showing a significant increase of 366.61% from ¥10,689,432.90 in 2023[18]. - The net cash flow from operating activities improved to ¥133,356,351.17, a 415.10% increase from -¥42,322,033.94 in 2023[18]. - Basic earnings per share for 2024 is reported at ¥0.6305, reflecting a 371.93% increase from ¥0.1336 in 2023[18]. - Total assets as of the end of 2024 reached ¥2,050,912,466.99, marking a 16.33% increase from ¥1,762,978,993.52 at the end of 2023[18]. - The net assets attributable to shareholders increased to ¥827,939,265.41, a rise of 1.89% from ¥812,613,827.71 in 2023[18]. - The weighted average return on net assets for 2024 is reported at 6.09%, up from 1.17% in 2023, indicating improved profitability[18]. - The net profit excluding non-recurring gains and losses for 2024 is ¥37,221,716.33, a 303.61% increase from -¥18,280,707.53 in 2023[18]. - The company reported a total of 12,656,126.51 CNY in non-recurring gains and losses for 2024, down from 28,970,140.43 CNY in 2023[25]. - The company's total revenue for 2024 was approximately ¥946.54 million, a decrease of 9.56% compared to ¥1,046.54 million in 2023[55]. Dividend and Share Repurchase - The company plans to distribute a cash dividend of 0.52 CNY per 10 shares to all shareholders, based on a total of 78,740,300 shares[4]. - A cash dividend of RMB 0.64 per 10 shares (including tax) was approved, amounting to a total distribution of RMB 5,039,379.20[150]. - The total amount of cash dividends and share repurchases for 2024 was RMB 34,154,993.52, representing 68.48% of the net profit attributable to shareholders[156]. - The company repurchased a total of 1,259,700 shares, representing 1.57% of the total share capital, with a total transaction amount of ¥25,021,118.72[54]. Risk Management and Governance - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report[4]. - The board of directors has confirmed the accuracy and completeness of the financial report, ensuring no significant omissions or misleading statements[4]. - The company has established a robust internal control system to adapt to rapid business expansion and mitigate management risks[99]. - The company has committed to maintaining transparency and governance standards as evidenced by the shareholder meetings and board elections[119]. - The company has a governance structure in place for its red-chip architecture, although details were not disclosed[118]. - The company has committed to not selling shares held before the IPO during the lock-up period, which lasts until February 2025[175]. Research and Development - The company is developing a new SCR catalyst that meets the National VI standards, which has already transitioned to mass production[65]. - The company plans to achieve mass production of a high-precision electric control nozzle by 2025, enhancing product competitiveness[65]. - The company is working on a new generation of SCR systems to improve performance and market competitiveness[65]. - Research and development (R&D) expenditure for 2024 was ¥52,258,329.03, accounting for 5.52% of operating revenue, down from 5.97% in 2023[67]. - The number of R&D personnel decreased slightly to 182 in 2024, while the proportion of R&D staff increased to 37.60% from 35.38% in 2023[67]. - The company is committed to increasing R&D investment in the hydrogen energy industry chain and accelerating the transformation of technological achievements, particularly in fuel cell catalysts and methanol reforming hydrogen technology[93]. Market and Industry Trends - The company operates in the rapidly growing engine exhaust after-treatment industry, with significant demand driven by stricter environmental regulations and increased awareness of pollution[28]. - The Chinese government has intensified regulations on vehicle emissions, with strict penalties for non-compliance, supporting the growth of the exhaust after-treatment market[31]. - The "14th Five-Year" national key R&D plan aims to address pollution control technology for diesel vehicles, promoting the development of a complete technology industry chain in the exhaust after-treatment sector[33]. - The company has expanded its product applications from light diesel engines to heavy diesel, non-road vehicles, and marine engines, serving major clients in the industry[30]. Operational Efficiency - The company has established a comprehensive supply chain management system to quickly respond to market demands and ensure product quality[45]. - The company has passed the IATF16949 quality management system certification, continuously improving product quality through regular management reviews[45]. - The company has implemented a competitive salary policy to enhance employee motivation and ensure fairness[146]. - A comprehensive employee training program was established to improve overall management and technical capabilities[147]. Shareholder Engagement - The annual shareholders' meeting had an investor participation rate of 52.72% on May 14, 2024[116]. - The first extraordinary shareholders' meeting in 2024 had a participation rate of 52.94% on November 22, 2024[116]. - The second extraordinary shareholders' meeting in 2024 had a participation rate of 53.28% on December 30, 2024[116]. Environmental Commitment - The company actively complies with environmental laws and regulations, implementing measures to reduce emissions and enhance sustainability[171]. - The company reported a green electricity usage rate of 20.38% during the reporting period, contributing to a reduction in carbon emissions[163]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[163]. Employee and Management Structure - The total number of employees at the end of the reporting period is 484, with 300 in the parent company and 184 in major subsidiaries[144]. - The professional composition includes 209 production personnel, 22 sales personnel, 182 technical personnel, 15 financial personnel, and 56 administrative personnel[145]. - The total remuneration for the board of directors, supervisors, and senior management during the reporting period was 3.8189 million yuan (including tax) for 17 individuals[134].