Financial Performance - The company's operating revenue for 2024 reached ¥907,562,121.96, representing a 13.61% increase compared to ¥798,868,205.28 in 2023[16] - The net profit attributable to shareholders for 2024 was ¥70,380,087.74, a 7.96% increase from ¥65,191,352.25 in 2023[16] - The net cash flow from operating activities increased by 53.19% to ¥76,580,723.03 in 2024, up from ¥49,989,729.66 in 2023[16] - The basic earnings per share for 2024 was ¥0.65, reflecting a 6.56% increase from ¥0.61 in 2023[16] - Total assets at the end of 2024 amounted to ¥1,219,011,170.42, a 7.58% increase from ¥1,133,137,281.34 at the end of 2023[16] - The total profit for the year was ¥78,705,580.33, reflecting a growth of 12.2% compared to the previous year[35] - The company reported a significant increase in inventory levels, attributed to increased stocking by major clients and varying order delivery times[53] Dividends and Profit Distribution - The company plans to distribute a cash dividend of ¥3 per 10 shares, based on a total of 109,433,700 shares[4] - The company distributed a cash dividend of 5 RMB per 10 shares, totaling 54,528,350 RMB for the 2023 fiscal year, based on a total share capital of 109,056,700 shares[149] - For the first half of 2024, the company announced a cash dividend of 2 RMB per 10 shares, amounting to 21,886,740 RMB, based on a total share capital of 109,433,700 shares[149] - The company's cash dividend policy aims for a minimum of 80% of profits to be distributed as cash dividends during the mature stage of development[151] - The total distributable profit for the reporting period was 189,517,424.08 RMB, with cash dividends accounting for 100% of the total profit distribution[150] Research and Development - The company reported a research and development investment of ¥39,382,093.10 in 2024, an increase of 12.37% compared to ¥35,047,522.23 in 2023[69] - The proportion of R&D investment to operating revenue is 4.34% in 2024, slightly down from 4.39% in 2023[69] - The company has completed several R&D projects, including lightweight warm wool knitwear, which aims to fill a market gap for high-performance fabrics[67] - The company aims to develop a new series of recycled wool knitted fabrics to meet the growing market demand for environmentally friendly products[68] - Continuous R&D innovation will focus on new fabric types and key production processes to support market development[97] Market and Sales Performance - Domestic retail sales of clothing reached CNY 1,071.62 billion in 2024, with a year-on-year growth of only 0.1%, a slowdown of 15.3 percentage points compared to 2023[26] - The company's revenue from children's clothing increased by 21.41%, amounting to ¥309,828,330.12, up from ¥255,194,438.77 in the previous year[48] - The company's internal sales accounted for 77.21% of total revenue, with a year-on-year growth of 16.81%[48] - Online sales also represented over 30% of total revenue, indicating a significant shift towards digital channels[66] Corporate Governance and Compliance - The company has established a complete and reasonable corporate governance structure and internal control system in compliance with relevant laws and regulations[165] - The company has maintained independence in operations, personnel, assets, institutions, and finances from its controlling shareholder[108][109][110][112][113] - The company has held 5 shareholder meetings and 9 board meetings during the reporting period, ensuring compliance with legal and regulatory requirements[103][104] - The company has established a strict information disclosure approval process to ensure timely and accurate reporting in compliance with legal requirements[159] Environmental and Social Responsibility - The company has been recognized as a "Green Factory" in Jiangsu Province in 2021 and a "Leading Enterprise in Green Development" in 2022, reflecting its commitment to sustainable practices[175] - The company has established a wastewater treatment plant with a daily processing capacity of 2,000 tons and three sets of air pollution control facilities, ensuring all emissions meet standards[170] - The company has a dedicated charity foundation that has supported over 100 underprivileged children in the region, demonstrating its commitment to social responsibility[181] Risk Management - The company has outlined major risks and countermeasures in its report, emphasizing the importance of investor awareness regarding investment risks[4] - The company has implemented a risk-oriented approach to strengthen daily supervision and improve key business processes within its internal control framework[160] Employee Management - The total number of employees receiving salaries during the reporting period was 2,411, including 372 retired employees[144] - The company emphasizes internal and external training for employees, focusing on safety, professional skills, and process training[147] - The company has a competitive and fair salary policy, which considers job value, employee capability, and performance, while also referencing industry standards[146] Future Outlook - The company plans to enhance its fundraising management practices to prevent future misoperations[90] - The 2025 operational plan includes increasing market expansion efforts, leveraging AI technology to shorten product development cycles, and improving customer service levels[96] - Future growth is expected to be driven by the successful launch of new products and the expansion of online sales channels[66]
泰慕士(001234) - 2024 Q4 - 年度财报