Financial Performance - The company's operating revenue for 2024 reached ¥5,108,451,138.94, representing a 12.50% increase compared to ¥4,540,809,195.70 in 2023[22]. - The net profit attributable to shareholders for 2024 was ¥91,253,830.66, an increase of 81.43% from ¥50,297,834.14 in 2023[22]. - The net cash flow from operating activities for 2024 was ¥468,725,772.18, showing a significant increase of 97.33% compared to ¥237,532,204.11 in 2023[22]. - The basic earnings per share for 2024 was ¥1.16, up 87.10% from ¥0.62 in 2023[22]. - The total assets at the end of 2024 amounted to ¥8,794,586,048.44, reflecting a 2.82% increase from ¥8,553,757,356.92 at the end of 2023[23]. - The net assets attributable to shareholders decreased by 5.27% to ¥2,426,515,981.10 at the end of 2024 from ¥2,561,569,655.09 at the end of 2023[23]. - The company reported a quarterly revenue of ¥1,467,881,238.24 in Q3 2024, which is part of the overall revenue growth trend[26]. - The gross profit margin for the battery segment was 18.23%, showing a slight decrease of 1.01% year-on-year[73]. - Total operating costs reached ¥4,177,352,940.89 in 2024, a 13.92% increase from ¥3,667,044,796.05 in 2023[77]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 4.80 RMB per 10 shares to all shareholders, based on a total share capital of 74,407,741 shares after excluding certain shares[5]. - The company will focus on cash dividends, aiming to distribute no less than 35% of net profit attributable to shareholders as cash dividends annually[125]. - The company has distributed cash dividends exceeding 60 million RMB in both 2022 and 2023, demonstrating a commitment to investor returns[139]. Corporate Governance - The company has established a robust corporate governance structure, ensuring accountability and transparency in its operations[4]. - The company emphasizes the importance of a robust human resources management system to enhance organizational capabilities and employee engagement[121]. - The company is committed to transparent governance, ensuring timely and accurate disclosure of information to protect investor interests[122]. - The company has a structured governance model with clear roles for its board members, ensuring effective oversight and strategic direction[172]. - The company has established a robust investor communication mechanism to ensure transparency and protect shareholder rights[162]. Research and Development - The company focuses on the research, design, manufacturing, and sales of lithium-ion and nickel-hydride batteries, which are widely used in various applications[31]. - The company employs a dual-engine R&D model, focusing on strategic-level technological innovation and market demand transformation, ensuring rapid response to customer needs[51]. - The R&D investment for the year was CNY 317,888,005.72, a decrease of 4.61% from the previous year, reflecting a strategic allocation of resources[65]. - The company has obtained 837 authorized patents, including 167 invention patents, indicating a strong focus on innovation and technology development[61]. - The company plans to continue increasing R&D investment, focusing on core technology breakthroughs in energy density, performance enhancement, and safety verification[114]. Market Expansion and Strategy - The company is actively pursuing market expansion strategies, including potential mergers and acquisitions to enhance its competitive position[14]. - The company is focusing on emerging fields such as AI+ hardware and drones, aiming to strengthen its strategic layout and industry breakthroughs[59]. - The company plans to enhance its competitive edge by integrating R&D resources and supply chain systems, fostering a collaborative ecosystem with top global brands[59]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[136]. - A strategic acquisition of a smaller tech firm was completed, expected to enhance product offerings and increase market competitiveness[136]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report, highlighting potential operational risks and corresponding mitigation strategies[5]. - The company is exposed to foreign exchange risks due to a high proportion of sales in USD, and it will monitor market trends and utilize forward contracts to mitigate these risks[131]. - Fluctuations in raw material prices, particularly for lithium, nickel, and cobalt, could adversely affect short-term profitability if not managed effectively[132]. - The company is addressing international trade friction risks by diversifying its application areas and customer base, as well as enhancing its product competitiveness to mitigate potential impacts from tariffs[133]. Production and Operations - The company utilizes a Make-to-Order (MTO) and Make-to-Stock (MTS) production model to meet diverse customer delivery requirements, enhancing production flexibility and efficiency[54]. - Battery sales volume increased by 18.32% to 51,376 thousand units in 2024 compared to 43,422 thousand units in 2023[74]. - Battery production volume rose by 20.57% to 53,537 thousand units in 2024 from 44,402 thousand units in 2023[74]. - The procurement center manages raw material procurement, ensuring timely and stable supply while optimizing costs and supporting new business development[52][53]. Financial Management - The company has established a complete, independent, and standardized financial accounting system, enabling independent financial decision-making and management[167]. - The company maintains independent operations with no shared bank accounts with the controlling shareholder or related enterprises[167]. - The company has a clear asset ownership structure, with no funds or assets occupied by the controlling shareholder or related parties[164]. - The company reported a total investment income of -7.47 million yuan from foreign exchange forward contracts during the reporting period, with a realized loss of -4.36 million yuan and an unrealized loss of -3.10 million yuan[100]. Employee and Management Structure - The total number of employees at the end of the reporting period is 6,893, with 468 in the parent company and 6,425 in major subsidiaries[200]. - The professional composition includes 5,205 production personnel, 104 sales personnel, 983 technical personnel, 57 financial personnel, and 544 administrative personnel[200]. - The educational background of employees shows 8 with a doctorate, 284 with a master's degree, 775 with a bachelor's degree, and 5,826 with an associate degree or below[200]. - Total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 10.56 million yuan before tax[184]. Share Repurchase and Capital Management - The company plans to continue its share repurchase program, utilizing its own funds to buy back issued A-shares through the Shenzhen Stock Exchange[140][141]. - The company plans to repurchase shares at a price not exceeding RMB 60 per share, with a total repurchase fund between RMB 50 million and RMB 100 million, potentially acquiring approximately 1,666,666 shares, representing 2.03% of the total share capital[148]. - As of May 23, 2024, the company has repurchased 2,623,105 shares at a total cost of RMB 99,988,427, accounting for 3.19% of the total share capital[149]. - The company has secured a loan of RMB 140 million for share repurchase purposes, with a repayment period of 12 months[152].
豪鹏科技(001283) - 2024 Q4 - 年度财报