YongLi(SZ:300230)2025-04-27 07:55Financial Performance - The company's operating revenue for 2024 was CNY 2,238,130,624.91, representing a 10.69% increase compared to CNY 2,021,961,528.68 in 2023[17]. - The net profit attributable to shareholders for 2024 decreased by 40.73% to CNY 223,005,558.73 from CNY 376,234,817.63 in 2023[17]. - The net profit after deducting non-recurring gains and losses for 2024 was CNY 208,658,100.62, down 6.29% from CNY 222,656,595.43 in 2023[17]. - The net cash flow from operating activities increased by 22.95% to CNY 329,188,538.66 in 2024, compared to CNY 267,746,451.18 in 2023[17]. - The total assets at the end of 2024 were CNY 4,277,834,431.78, a 1.30% increase from CNY 4,223,059,352.29 at the end of 2023[17]. - The company's weighted average return on equity for 2024 was 7.25%, down from 13.24% in 2023, indicating a decline of 5.99%[17]. - The company reported a total of CNY 14,347,458.11 in non-recurring gains and losses for 2024, significantly lower than CNY 153,578,222.20 in 2023[22]. - The company achieved operating revenue of 2,238.13 million yuan, an increase of 10.69% year-on-year[78]. - The net profit attributable to shareholders decreased by 40.73% to 223.01 million yuan[78]. - The net cash flow from operating activities increased by 22.95% to 329.19 million yuan[78]. Dividend Distribution - The company plans to distribute a cash dividend of 0.65 RMB per 10 shares to all shareholders, based on a total of 813,213,441 shares[4]. - The company distributed a cash dividend of 1.25 yuan per share, totaling 101.75 million yuan in cash dividends for the year 2023[91]. - The company plans to distribute a cash dividend of ¥0.65 per 10 shares for the fiscal year 2024, based on a total share capital of 813,213,441 shares[92]. Risk Management - The company emphasizes that future plans and forecasts do not constitute a commitment to investors, highlighting the importance of understanding the risks involved[4]. - The report includes a section on potential risks the company may face and corresponding countermeasures[4]. - The company has established a strict risk management system for foreign exchange hedging, including preemptive, ongoing, and post-event risk control measures[135]. - The company will implement measures to mitigate risks associated with macroeconomic fluctuations, exchange rate volatility, and trade friction, enhancing its operational resilience[148][149][150]. Market Trends and Industry Outlook - The lightweight conveyor belt industry is expected to grow due to increasing environmental awareness and demand for eco-friendly products[27]. - Advances in material science and production processes are enhancing the performance and lifespan of lightweight conveyor belts[29]. - In the logistics industry, the express delivery volume is expected to reach 174.5 billion pieces in 2024, with a year-on-year growth of 21%, driving demand for lightweight conveyor belts[30]. - The food industry is projected to achieve a revenue of 9,065.25 billion yuan in 2024, with investments in food processing and manufacturing increasing by 18% and 22.9% respectively, further boosting the demand for lightweight conveyor belts[31]. - The photovoltaic industry is experiencing significant growth, with substantial increases in the production of polysilicon, silicon wafers, and battery cells in 2024, leading to a rising demand for high-performance conveyor belts[32]. - Customized and one-stop services are key competitive advantages in the lightweight conveyor belt market, allowing companies to meet diverse industry needs effectively[33]. - The "Belt and Road" initiative is expected to expand the international market for lightweight conveyor belts, with the company actively participating in infrastructure projects in 13 countries[36]. Product Development and Innovation - The company is focusing on the development of new energy-efficient and high-temperature resistant conveyor belt products to meet market demands[27]. - The company is focusing on developing new products and technologies to meet the increasing demands for high precision and complexity in the molding industry[40]. - The company is currently in the trial production phase for new conveyor belt products aimed at enhancing product performance and market competitiveness[112]. - The development of new hose edge conveyor belts is also underway, focusing on improving transportation efficiency and preventing material contamination[112]. - The company is committed to enhancing the durability and lifespan of molds through material optimization and surface treatment technologies[113]. - The company aims to enhance its R&D capabilities and drive technological innovation, focusing on new fields and technologies to improve product development efficiency[145]. - The company plans to expand its product lines, including plastic chains, modular belts, synchronous belts, and high-efficiency flat belts, to meet diverse customer needs[145]. Corporate Governance - The company has established a performance evaluation and incentive mechanism for its directors and senior management to ensure transparency and effectiveness[165]. - The company is committed to maintaining high standards of information disclosure, ensuring timely and accurate communication with investors[166]. - The company’s governance structure aligns with legal and regulatory requirements, showing no significant discrepancies[168]. - The company’s board includes independent directors who ensure unbiased oversight and decision-making[178]. - The company is committed to balancing the interests of stakeholders, including shareholders, employees, and society[167]. Subsidiaries and International Expansion - The company has established multiple subsidiaries in countries such as the Netherlands, Poland, and the USA to expand its overseas market presence[47]. - The company completed the registration of joint ventures in Bangladesh and Australia to expand overseas marketing channels[83]. - The company has established a new joint venture in Bangladesh involved an investment of ¥3,519,535.16, resulting in a 98.99% ownership stake and a loss of ¥547,512.40 for the current period[129]. - The subsidiary "永利崇明" reported a net profit of CNY 8,907,334.81, contributing significantly to the overall performance[140]. - The subsidiary "永利美国" reported a net profit of USD 5,103,895.91, reflecting its successful operations in the industrial manufacturing sector[140]. Employee and Management Structure - The total number of employees at the end of the reporting period is 4,146, with 276 in the parent company and 3,870 in major subsidiaries[199]. - The professional composition includes 2,571 production personnel, 178 sales personnel, 553 technical personnel, 88 financial personnel, 283 administrative personnel, and 473 others[199]. - The company has established a salary management system that matches employee compensation with job value, considering factors such as contribution, ability, and industry salary levels[200]. - The company has appointed independent directors and senior management with extensive experience in finance and law[186][187]. Financial Management and Investments - The company reported a net cash outflow from investment activities of ¥339,265,180.35 in 2024, worsening from a loss of ¥172,362,530.29 in 2023[116]. - The total investment amount across various subsidiaries and joint ventures during the reporting period was ¥292,990,365.12, with an overall loss of ¥14,994,454.54[131]. - The company has not engaged in any securities investments during the reporting period[132]. - The company has not sold any significant assets or raised funds during the reporting period[138][137].