Financial Performance - The company's revenue for 2024 reached ¥887,649,645.67, representing a 12.91% increase compared to ¥786,135,392.44 in 2023[22]. - Net profit attributable to shareholders decreased by 10.38% to ¥88,580,223.71 in 2024 from ¥98,841,046.16 in 2023[22]. - The net profit after deducting non-recurring gains and losses was ¥68,196,628.74, down 4.25% from ¥71,225,155.93 in the previous year[22]. - The total assets of the company increased by 3.45% to ¥2,804,779,153.00 at the end of 2024, compared to ¥2,711,265,961.30 at the end of 2023[22]. - The basic earnings per share for 2024 was ¥0.5932, a decrease of 9.97% from ¥0.6589 in 2023[22]. - The cash flow from operating activities for 2024 was ¥135,881,801.03, down 15.90% from ¥161,580,688.60 in 2023[22]. - The company reported a total of ¥20,222,030.80 in non-recurring gains from financial assets and liabilities in 2024[28]. - The company’s weighted average return on equity was 4.07% in 2024, down from 4.64% in 2023[22]. - The company’s net assets attributable to shareholders increased slightly by 0.26% to ¥2,182,723,916.65 at the end of 2024[22]. - The company reported a total non-operating income of 20,383,594.97, with a significant portion attributed to non-recurring gains of 157,195.15[29]. Dividend and Capital Increase - The company plans to distribute a cash dividend of 4.00 RMB per 10 shares (including tax) and to increase capital by converting 4 shares for every 10 shares held[6]. Governance and Risk Management - The board emphasizes the importance of recognizing potential risks including innovation, technology, operational, financial, and investment project risks[5]. - The financial report is guaranteed to be true, accurate, and complete by the company's management, ensuring accountability for any misrepresentation[5]. - The board of directors has ensured that all members attended the meeting to review the annual report, indicating strong governance practices[5]. - The company is committed to maintaining transparency and has made all relevant documents available for public inspection[11]. - The company acknowledges the potential for significant market changes that could impact future performance, urging investors to remain aware of these risks[5]. Market and Industry Outlook - The PCB industry is projected to reach a global output value of $73.565 billion in 2024, reflecting a year-on-year growth of 5.8%[40]. - China's PCB output value is expected to grow to $41.213 billion in 2024, representing a 9.0% increase compared to the previous year[41]. - The compound annual growth rate (CAGR) for the global PCB market from 2024 to 2029 is estimated at 5.2%, with China's CAGR at 4.3% during the same period[36]. - The demand for PCB design services is expected to rise due to the increasing complexity and miniaturization of electronic products, leading to a trend of outsourcing PCB design[34]. - The PCB design industry is experiencing stable growth, driven by advancements in digitalization, automation, and high-density designs[33]. Research and Development - R&D expenses for 2024 totaled 10,986.82 million yuan, an increase of 8.86% year-on-year, accounting for 12.38% of operating revenue[89]. - The company has obtained 29 invention patents and 360 utility model patents, with 61 invention patents and 72 utility model patents currently pending[89]. - The company has a PCB design capability of over 15,000 designs annually, with a team of over 800 engineers, each with an average industry experience of over 6 years[79]. - The company has developed PCB designs with a maximum of 56 layers and signal speeds reaching 112Gbps, showcasing its advanced design capabilities[77]. - The company has completed the development of a 4K video transmission laparoscopic mirror controller PCB, enhancing its technical competitiveness in the medical field[102]. Production and Manufacturing - The company has established specialized PCBA rapid production lines in key cities, enhancing its ability to respond quickly to customer needs in R&D prototyping and small-batch manufacturing[50]. - The company has implemented a flexible production system to meet diverse customer needs, ensuring efficient management of production and procurement processes[57]. - The company has established production lines in multiple cities, including Shenzhen and Shanghai, to provide flexible and rapid manufacturing services[80]. - The company’s PCBA manufacturing services include surface mount technology (SMT) and dual in-line package (DIP) assembly, addressing the diverse needs of clients during the R&D phase[56]. Talent and Human Resources - The number of R&D personnel increased by 4.69% from 895 in 2023 to 937 in 2024, while the proportion of R&D personnel decreased by 8.37% from 42.76% to 34.39%[109]. - The number of R&D personnel aged 40 and above increased by 93.55%, indicating a shift towards hiring more experienced technical staff[110]. - The company has established a comprehensive and competitive talent team, but still faces risks of talent loss due to market changes[149]. Financial Management and Investments - The company’s cash and cash equivalents decreased by 125.43%, resulting in a net decrease of ¥162,234,036.54 in 2024[112]. - The company’s investment in fixed assets increased significantly compared to the previous year, impacting cash flow from investment activities[113]. - The company invested a total of 3,864,496,488.25 during the reporting period, a decrease of 4.81% compared to the previous year[123]. - The total investment in the Zhuhai Yisheng PCB factory construction project reached 289,071,974.92, with cumulative investment at 447,291,279.22[125]. Corporate Governance - The company has established a complete independent business system, ensuring no asset occupation or financial damage by the controlling shareholder[179]. - The company maintains a fully independent financial accounting system, with dedicated financial personnel and independent bank accounts[181]. - The governance structure complies with legal regulations, with no significant discrepancies noted between actual governance and regulatory requirements[178]. - The management team, including the chairman and general manager, has been in position since November 2018, with terms extending to November 2027[186]. Shareholder Engagement - The company held one online earnings briefing and conducted nine investor research activities during the reporting period, responding to 207 investor inquiries on the interactive platform[176]. - The annual shareholders' meeting had a participation rate of 73.60%, while the first and second extraordinary shareholders' meetings had participation rates of 63.13% and 70.49%, respectively[185].
一博科技(301366) - 2024 Q4 - 年度财报