TDii(SZ:002491)2025-04-25 18:30Financial Performance - The company's operating revenue for 2024 was ¥2,915,091,732.86, a decrease of 12.95% compared to ¥3,348,926,835.28 in 2023[6]. - The net profit attributable to shareholders for 2024 was ¥77,326,799.19, down 67.34% from ¥236,759,151.47 in 2023[6]. - The net cash flow from operating activities decreased by 57.58% to ¥116,257,494.02 in 2024, compared to ¥274,035,692.45 in 2023[6]. - The basic earnings per share for 2024 was ¥0.0629, a decline of 67.32% from ¥0.1925 in 2023[6]. - Total assets at the end of 2024 were ¥5,474,588,958.35, a decrease of 7.02% from ¥5,887,887,284.66 at the end of 2023[6]. - The net assets attributable to shareholders increased by 3.25% to ¥2,545,793,799.72 at the end of 2024, compared to ¥2,465,773,306.20 at the end of 2023[6]. - Total operating revenue decreased by 12.95% to ¥2,915,091,732.86 in 2024 from ¥3,348,926,835.28 in 2023[40]. - Revenue from the communication cable and related manufacturing sector accounted for 84.91% of total revenue, decreasing by 13.93% year-over-year[40]. - Domestic sales contributed 99.80% of total revenue, down 13.01% from the previous year, while international sales increased by 23.75% to ¥5,960,674.05[40]. Business Operations - The company has maintained its focus on expanding its business scope, including the production and sales of various communication and data transmission equipment[19]. - The company plans to continue expanding its market presence in the telecommunications sector, focusing on high-quality development and infrastructure improvements[29]. - The company has established a complete industrial chain in the optical communication industry, enhancing its scale advantage and production capacity[35]. - The company focuses on optimizing the product structure of optical fiber and cable while expanding into emerging markets[38]. - The company has formed a unique competitive advantage by providing products and services to major domestic telecom operators and other key clients[37]. - The company is committed to the development of new products and technologies in the fields of optical communication and network security[34]. - The company is developing new products, including a low-smoke halogen-free B1 grade flame-retardant cable, aimed at enhancing market competitiveness[54]. - The company aims to reduce manufacturing costs and improve product quality through innovative data transmission cable designs[54]. Research and Development - The company holds 575 authorized patents, including 311 invention patents, with 64 new patents granted in the current year[35]. - The company has completed the project on LED curing technology, which is expected to lower production costs and enhance competitiveness[53]. - The development of a new type of center tube with superior tensile performance is in the pilot stage, aiming to improve product quality and market competitiveness[53]. - The company's R&D investment decreased by 19.79% to ¥131,458,571.07 in 2024, accounting for 4.51% of operating revenue[55]. - The number of R&D personnel decreased by 1.45% to 340, with a notable drop in the number of master's degree holders by 14.29%[55]. Risk Management - The company reported a significant risk regarding the performance compensation from the original shareholders of Baizhuo Network, as part of the agreement, due to the inability to recover shares and cash on time[4]. - The company has reported uncertainties regarding its ability to continue as a going concern, as indicated by negative net profits in recent years[6]. - The company has established a comprehensive internal control system for commodity futures hedging to mitigate market risks associated with raw material price fluctuations[70]. - The company emphasizes risk management and internal control, ensuring that risks are manageable and protecting the rights of stakeholders[136]. Corporate Governance - The company has established a complete and independent corporate governance structure, including a shareholders' meeting, board of directors, and supervisory board[93]. - The company has a clear asset ownership structure, with independent production systems and no instances of asset or funds being misappropriated by shareholders[93]. - The company operates independently from its controlling shareholders in terms of business, personnel, assets, institutions, and finance, ensuring a complete and independent operational capability[92]. - The company has a robust organizational structure that operates independently and effectively, with clear divisions of responsibility[93]. - The company has established a comprehensive risk management framework in place to independently undertake responsibilities and risks associated with its operations[92]. Shareholder Information - The total number of shares is 1,229,994,500, with no changes during the reporting period[173]. - The largest shareholder, Tongding Group Co., Ltd., holds 31.51% of shares, totaling 387,519,421 shares, with 354,270,000 shares pledged[178]. - The second-largest shareholder, Dongwu Venture Capital Co., Ltd., holds 7.07% of shares, totaling 86,956,500 shares, with no changes during the reporting period[178]. - The total number of common shareholders increased to 88,148 at the end of the reporting period, up from 74,378 the previous month, indicating a growth in shareholder base[177]. Financial Management - The company has a structured decision-making process for determining the remuneration of its board members and executives, adhering to the Articles of Association and relevant laws[108]. - The company has a strong financial management team, with Chen Danghan serving as the financial director and board member since December 2023[100]. - The company received a standard unqualified audit opinion from Tianheng Accounting Firm for the financial statements as of December 31, 2024[188]. - The company is responsible for ensuring that financial statements are free from material misstatement due to fraud or error[199]. Social Responsibility - The company engages in charitable activities across six areas, including poverty alleviation and education support, reflecting its commitment to social responsibility[136]. - The company is committed to sustainable development by building green smart factories and promoting clean energy and circular economy initiatives[136]. - The company actively implements national environmental protection laws and regulations, advocating for energy conservation and emission reduction, with measures including optimizing production processes and increasing green plant coverage[132].