立讯精密(002475) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 reached ¥268.79 billion, representing a 15.91% increase compared to ¥231.91 billion in 2023[6]. - The net profit attributable to shareholders for 2024 was ¥13.37 billion, a 22.03% increase from ¥10.95 billion in 2023[6]. - The net profit after deducting non-recurring gains and losses was ¥11.69 billion, up 14.81% from ¥10.19 billion in 2023[6]. - The total assets at the end of 2024 amounted to ¥223.83 billion, reflecting a 38.17% increase from ¥161.99 billion at the end of 2023[6]. - The net assets attributable to shareholders increased by 23.12% to ¥69.33 billion from ¥56.31 billion in 2023[6]. - The company reported a basic earnings per share of ¥1.86 for 2024, a 20.78% increase from ¥1.54 in 2023[6]. - The total revenue for 2024 reached ¥268.79 billion, representing a year-on-year increase of 15.91% compared to ¥231.91 billion in 2023[56]. - Revenue from automotive interconnect products and precision components surged by 48.69% to ¥13.76 billion, up from ¥9.25 billion in the previous year[56]. - Domestic sales increased by 32.52% to ¥33.33 billion, while international sales accounted for 87.60% of total revenue, amounting to ¥235.47 billion, reflecting a 13.89% growth[57]. Dividend Distribution - The company plans to distribute a cash dividend of 2 CNY per 10 shares to all shareholders, based on a total of 7,247,395,805 shares[3]. - The 2024 profit distribution plan includes a cash dividend of RMB 2 per 10 shares, amounting to RMB 1,449,479,161 (including tax) based on a total share capital of 7,247,395,805 shares[166]. - The company has distributed a total of 7.652 billion RMB in dividends since its listing, with cumulative dividends over the last three years amounting to 4.530 billion RMB[126]. Innovation and Technology Development - The company is experiencing significant growth in the consumer electronics sector, driven by advancements in AI technology and the maturation of foldable screen technology[29]. - The company is focusing on expanding its core areas in communication and data centers, with ongoing technological breakthroughs in copper and optical connections[29]. - The company is actively advancing its "Smart Factory 2.0" upgrade, integrating IoT technology to create an intelligent closed-loop system for data collection, analysis, decision-making, and execution[39]. - The company is committed to continuous innovation in new materials, processes, and technologies, collaborating closely with leading global customers[41]. - The company has developed a core component solution for AI data centers, addressing the exponential demand for computing power and energy management[50]. - The company is developing a dual-band JDM product that supports both 4G LTE and 5G NR technologies, aiming to enhance signal quality and operational efficiency[66]. - The company is focused on technology innovation and cost reduction through process improvements and equipment upgrades[67]. - The company is developing automotive microcontroller units (MCUs) to enhance vehicle performance and safety, with significant market opportunities expected from 2023 to 2024[68]. Market Expansion and Strategic Acquisitions - The company is expanding its presence in the international market, leveraging its technological advantages in new energy and intelligent connected vehicles[31]. - The company initiated the acquisition of Leoni Group, a century-old automotive wiring harness manufacturer, to enhance product development and market expansion in the automotive sector[54]. - The company is focusing on expanding its market presence through innovative product development and strategic technological advancements[72]. - The company plans to enhance its global manufacturing capabilities and optimize its R&D center layout to meet local service demands for overseas clients[111]. - Strategic acquisitions are being considered, with a focus on companies that complement the existing product line and enhance technological capabilities[140]. Sustainability and Environmental Responsibility - The company has achieved over 70% clean energy usage, resulting in a reduction of nearly 1.53 million tons of CO₂e emissions during the reporting period[44]. - The company has received green factory certifications for 18 subsidiaries and waste zero landfill certifications for 14 subsidiaries, demonstrating its commitment to sustainable practices[44]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[186]. - The company adheres to the emission standards for air pollutants as per the relevant regulations, including the GB 21900-2008 standard[186]. - The company manages solid waste according to the relevant environmental protection requirements, ensuring proper handling of both general and hazardous waste[187]. Research and Development - R&D personnel increased to 22,583 in 2024, up 18.47% from 19,063 in 2023[84]. - R&D investment amounted to ¥8,555,957,431.46 in 2024, a 4.48% increase from ¥8,188,767,532.85 in 2023[84]. - The company has invested approximately 30% of its total R&D expenses into cutting-edge materials, processes, and technologies, aiming for 30% of its products to enter global industry frontiers within the next 20 years[124]. - Cumulative R&D investment over the past three years has reached 25.192 billion RMB, with a total of 7,164 patents currently held[124]. Governance and Management - The company has established a complete governance structure, including a board of directors, supervisory board, and various specialized committees, ensuring compliance with legal and regulatory requirements[134]. - The company has implemented an equity incentive plan to enhance the alignment of interests between shareholders and core employees, ensuring stable management and achieving long-term development goals[131]. - The company emphasizes the importance of information disclosure, ensuring that key information is communicated accurately and transparently to investors[125]. - The company has a well-structured internal control system that meets management and development needs, ensuring the protection of shareholder interests[180]. Employee Development and Compensation - The company has implemented a comprehensive employee training system, focusing on various employee levels and needs, enhancing overall productivity and professional skills[162]. - The company has committed to providing competitive compensation packages, including year-end bonuses and stock incentives, to attract and retain top talent[161]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 21.98 million[148]. - The independent directors' remuneration is set at CNY 160,000 per year, with travel and office expenses covered by the company[146]. Shareholder Engagement - The company emphasizes sustainable development performance in its remuneration strategy to align with future growth objectives[146]. - The company is actively engaging with investors through various channels to enhance understanding of its operations and investment value[125]. - The annual shareholders' meeting held on June 27, 2024, had a participation rate of 53.53%, approving 17 proposals including the 2023 Board of Directors' work report[136]. - The first extraordinary shareholders' meeting of 2024 on October 9, 2024, had a participation rate of 55.26%, approving the proposal for issuing debt financing instruments in the interbank bond market[136].