AVD(SZ:300939)2025-04-25 16:30Dividend Distribution - The company plans to distribute a cash dividend of 4.00 RMB per 10 shares to all shareholders, based on a total share capital of 120,000,000 shares, after deducting 1,425,982 shares for the repurchase account[4]. - The company has a total of 118,574,018 shares available for dividend distribution after accounting for repurchased shares[4]. - The company has maintained a cumulative cash dividend of 183.4296 million RMB since its listing, with a cumulative dividend rate of 38.65%[57]. - The company plans to distribute a cash dividend of 4.00 RMB per 10 shares for the 2024 fiscal year, totaling 47.4296 million RMB[57]. - The cash dividend distribution accounted for 100% of the total distributable profit, reflecting a commitment to shareholder returns[191]. - The company’s cash dividend proposal for 2024 is subject to approval at the annual general meeting, ensuring shareholder participation in the decision-making process[195]. Financial Performance - The company's operating revenue for 2024 was CNY 1,084,665,482.45, representing a 9.02% increase compared to CNY 994,881,306.04 in 2023[21]. - The net profit attributable to shareholders for 2024 decreased by 25.91% to CNY 90,605,928.76 from CNY 122,296,305.31 in 2023[21]. - The net profit after deducting non-recurring gains and losses for 2024 was CNY 75,961,504.13, down 25.20% from CNY 101,550,253.28 in 2023[21]. - The net cash flow from operating activities for 2024 was CNY 108,689,915.47, a decrease of 24.88% compared to CNY 144,682,471.17 in 2023[21]. - The total assets at the end of 2024 were CNY 1,651,144,390.92, a decrease of 1.44% from CNY 1,675,195,754.89 at the end of 2023[21]. - The net assets attributable to shareholders at the end of 2024 increased by 0.67% to CNY 1,369,865,874.36 from CNY 1,360,761,098.11 at the end of 2023[21]. - The company reported a total of CNY 14,644,424.63 in non-recurring gains for 2024, down from CNY 20,746,052.03 in 2023[27]. Operational Stability - The company has not reported any historical changes in its registered address, indicating stability in its operational base[17]. - The company’s registered and office address is located at No. 39, Jinyuan Road, Heao, Longgang District, Shenzhen, with a postal code of 518115[17]. - The company’s financial statements are audited by Tianjian Accounting Firm, ensuring compliance and accuracy in financial reporting[20]. - The company has a dedicated investor relations team, with contact details provided for inquiries[18]. - The company’s annual report is available on the Shenzhen Stock Exchange website, ensuring transparency and accessibility for investors[19]. Research and Development - The company has increased R&D investment to enhance product competitiveness, with a focus on innovative technologies aligned with market demands[46]. - The company invested a total of 80.3732 million RMB in R&D during the reporting period, representing a year-on-year increase of 25.07%, accounting for 7.41% of operating revenue[61]. - The company is developing electronic paper technology, with a projected global market size of approximately $13 billion in 2024, expected to exceed $20 billion by 2028, with a compound annual growth rate of over 10%[48]. - The company has filed 32 patents related to electronic paper technology, with 6 invention patents and 8 utility model patents granted[49]. - The company has completed project acceptance for its vehicle-mounted curved bonding technology and is now in the market promotion phase[50]. - The company is also developing a household energy storage smart control module, which is crucial for promoting green energy transformation in households[52]. Market Position and Strategy - The company is positioned in the "new generation information technology industry," focusing on the manufacturing of LCD and touch products, benefiting from national policy support and growing market demand[30]. - The company has established long-term stable partnerships with numerous domestic and international enterprises, including ABB, Omron, HP, Siemens, GE, Schneider, BYD, and Panasonic, among others[32]. - The company is focusing on deepening existing customer relationships and actively expanding into new markets, particularly in high-growth sectors such as industrial control, IoT, healthcare, and automotive electronics[45]. - The company is transitioning from a touch display supplier to a provider of comprehensive human-computer interaction solutions[118]. - The company is actively seeking opportunities for industry mergers and acquisitions, focusing on related fields that complement its main business[124]. Governance and Compliance - The company emphasizes transparency in information disclosure, ensuring timely and accurate communication with shareholders through designated media[136]. - The company has established a value management system and disclosed plans for value enhancement[128]. - The company adheres to legal and regulatory requirements to ensure proper governance and operational compliance[130]. - The company held one annual and two temporary shareholder meetings during the reporting period, ensuring compliance with governance procedures[131]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[132]. - The company maintains independence from its controlling shareholder, with no interference in decision-making or operations, and no financial support provided to the controlling shareholder[135]. Employee and Talent Management - The total number of employees at the end of the reporting period is 2,279, with 969 in the parent company and 1,310 in major subsidiaries[184]. - The professional composition includes 1,767 production personnel, 70 sales personnel, 261 technical personnel, 24 financial personnel, and 157 administrative personnel[184]. - The company has established a training plan tailored to different management levels and job functions to enhance employee skills[187]. - The company is committed to providing competitive salaries in accordance with labor laws to motivate employees[186]. - The company has introduced multiple high-end talents and optimized its talent structure through internal training and external recruitment, significantly improving its talent team construction[54]. Risk Management - The company faces risks from raw material price fluctuations, which could impact production costs and profitability[120]. - The company has maintained effective internal controls and risk management practices throughout the reporting period[196]. - The company emphasizes a prudent investment strategy, conducting thorough due diligence on potential investment targets[124]. Fund Management - The company has established a special account for the raised funds and signed a tripartite supervision agreement with banks and sponsors[97]. - The company has committed to invest RMB 49.70 million in various projects, with a cumulative investment of RMB 31.21 million as of the reporting period[99]. - The company has adjusted the expected completion date for the "Electronic Paper Module Production Line Project" and "R&D Center Construction Project" to March 31, 2024, due to changes in the objective environment affecting project progress[100]. - The company approved the use of idle raised funds for cash management, not exceeding RMB 580 million, with a usage period of up to 12 months[1]. - The company reported cash management income and interest revenue of RMB 13.86 million during the reporting period, after deducting bank fees[1].