SBS(002098)2025-04-25 16:05Financial Performance - The company's operating revenue for 2024 reached ¥2,628,556,979.18, representing a 27.98% increase compared to ¥2,053,801,613.43 in 2023[20] - The net profit attributable to shareholders for 2024 was ¥201,898,063.11, a significant increase of 67.37% from ¥120,628,986.53 in 2023[20] - The net profit after deducting non-recurring gains and losses was ¥203,271,693.07, up 64.35% from ¥123,679,518.52 in the previous year[20] - The basic earnings per share for 2024 was ¥0.5640, reflecting a 67.36% increase from ¥0.3370 in 2023[20] - The total assets at the end of 2024 amounted to ¥2,098,477,469.94, a 12.89% increase from ¥1,858,917,824.81 at the end of 2023[20] - The net assets attributable to shareholders increased by 15.41% to ¥1,323,221,145.68 at the end of 2024, compared to ¥1,146,509,496.52 at the end of 2023[20] - The company reported a net cash flow from operating activities of ¥261,732,594.27, which is a 17.59% increase from ¥222,580,793.31 in 2023[20] - The weighted average return on net assets for 2024 was 16.40%, an increase of 5.29% from 11.11% in 2023[20] Revenue Breakdown - In Q1 2024, the company reported revenue of approximately ¥478.95 million, with a net profit attributable to shareholders of about ¥36.62 million[24] - The total revenue for Q2 2024 increased to approximately ¥720.55 million, while net profit rose to around ¥86.40 million, marking a significant growth[24] - For Q3 2024, the company achieved revenue of approximately ¥667.28 million and a net profit of about ¥48.71 million, indicating a decrease compared to Q2[24] - The company’s online sales revenue through third-party platforms in 2024 was approximately ¥507.22 million, a 60.19% increase from ¥316.63 million in 2023[35] - The cross-border e-commerce business generated revenue of 524 million yuan, showing a significant growth of 56.12% year-on-year[45] - The company’s self-owned brand sales revenue was 507 million yuan, with a year-on-year increase of 60.19%[39] - The company's revenue from the zipper business reached ¥2,104,629,281.92, with a year-on-year increase of 22.49%[47] - The cross-border e-commerce business generated ¥523,927,697.26 in revenue, reflecting a significant year-on-year growth of 56.12%[47] Cost and Expenses - Sales expenses increased by 30.85% to ¥331,528,270.43, driven by revenue growth[60] - Management expenses rose by 27.34% to ¥179,990,287.35[60] - Financial expenses decreased by 52.14% to ¥5,811,402.86 due to increased exchange gains and reduced bank loan interest[60] - R&D expenses slightly increased by 1.88% to ¥89,031,010.77[60] Investment and Future Plans - The company plans to distribute a cash dividend of ¥1.00 per 10 shares, totaling approximately ¥35,800,000 based on 358,000,000 shares[4] - The company plans to invest in a new factory in Bangladesh to enhance global supply chain efficiency[44] - The company plans to enhance its product offerings and expand its market presence through new product development and platform expansion initiatives[52] - The company plans to increase its zipper business revenue by 8% and aims for its cross-border e-commerce business to exceed 600 million CNY by 2025[97] Governance and Compliance - The company is committed to enhancing its governance structure and investor relations to comply with regulatory requirements[112] - The company held 2 shareholder meetings during the reporting period, ensuring equal treatment of all shareholders, particularly minority shareholders[113] - The company strictly complies with information disclosure regulations, ensuring timely and accurate information dissemination to all shareholders[119] - The company has implemented an internal audit system to monitor compliance and effectiveness of internal controls[120] - The company has a clear and independent asset ownership structure, with no instances of asset or fund occupation by the controlling shareholder[124][127] Environmental Responsibility - The company complied with all relevant environmental protection laws and standards during the reporting period[174] - The company reported zero instances of exceeding pollutant discharge limits during the reporting period[176] - The company has established comprehensive emergency response plans for environmental incidents, including wastewater and hazardous waste emergencies[182] - The company has a wastewater treatment capacity of 1,000 tons per day, ensuring all treated water meets discharge standards[179] - The company has established a sustainable development department and a comprehensive environmental management system to ensure compliance with environmental standards[189] Risks and Challenges - The company faces risks related to macroeconomic downturns and uncertainties in the international trade environment, as detailed in the risk management section[4] - The company is exposed to international trade uncertainties, including rising protectionism and fluctuating exchange rates, which may impact its global strategy[100] - The company has a high accounts receivable balance, which poses a risk of bad debts if clients' financial conditions deteriorate[102] - The company is implementing measures to mitigate raw material price volatility, including futures hedging to stabilize production costs[104]