IECHO(SH:688092)2025-04-27 08:20Financial Performance - The company's revenue for 2024 reached ¥451,510,847.39, representing a year-on-year increase of 17.58% compared to ¥384,000,567.04 in 2023 [23]. - The net profit attributable to shareholders for 2024 was ¥67,011,114.30, a decrease of 11.00% from ¥75,295,080.73 in 2023 [23]. - The net cash flow from operating activities for 2024 was ¥71,903,360.52, down 12.12% from ¥81,821,688.25 in 2023 [23]. - The company's total assets increased by 5.96% to ¥758,345,576.72 at the end of 2024, compared to ¥715,680,417.16 at the end of 2023 [23]. - The basic earnings per share for 2024 was ¥0.82, a decrease of 10.87% from ¥0.92 in 2023 [24]. - The weighted average return on equity decreased to 10.97% in 2024, down 2.35 percentage points from 13.32% in 2023 [24]. - The net assets attributable to shareholders increased by 5.40% to ¥629,671,975.65 at the end of 2024, compared to ¥597,424,314.09 at the end of 2023 [23]. - The gross margin for the intelligent cutting industry decreased by 0.46 percentage points to 42.34% [110]. - The company achieved operating revenue of ¥451,510,847.39, representing a 17.58% increase compared to the previous year [105]. - The net profit attributable to shareholders was ¥67,011,114.30, with total assets amounting to ¥758,345,576.72 as of December 31, 2024 [105]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.80 per 10 shares, totaling RMB 14,879,473.20 (including tax) for the 2024 fiscal year, which represents 44.20% of the net profit attributable to shareholders [8]. - The total cash dividends planned for 2024 will amount to RMB 29,616,386.40 (including tax) if approved by the shareholders' meeting [8]. - The company plans to distribute a cash dividend of RMB 5.10 per 10 shares, totaling RMB 29,824,705.14, which accounts for 39.61% of the net profit attributable to shareholders for the year 2023 [188]. - For the fiscal year 2024, the total cash dividend to be distributed will amount to RMB 29,616,386.40, representing 44.20% of the net profit attributable to shareholders [190]. - The cumulative cash dividend over the last three fiscal years is RMB 73,476,246.90, with an average net profit of RMB 62,563,751.82, resulting in a cash dividend ratio of 117.44% [195]. Research and Development - The R&D expenditure as a percentage of revenue increased to 7.35% in 2024, up from 6.73% in 2023 [24]. - The company invested CNY 33.1824 million in R&D during the reporting period, resulting in 19 new invention patent applications, 5 utility model patent applications, and 22 software copyright applications [37]. - Total R&D expenses increased to ¥33,182,420.60, up 28.48% from ¥25,826,566.07 in the previous year [79]. - The company has increased its R&D efforts in cutting manufacturing technology, focusing on high-precision cutting capabilities and flexible production systems [71]. - The company has established a strong brand presence, serving over 10,000 clients, and has implemented a "2-hour rapid response" strategy to improve customer service [96][97]. Market Expansion and Strategy - The company is focusing on expanding its distribution network domestically and enhancing its overseas sales model to accelerate market penetration [111]. - The company is actively participating in various large-scale industry exhibitions to enhance customer resource acquisition and support its globalization strategy [48]. - The company aims to lead the digital cutting industry by continuously innovating and upgrading its technology and products [35]. - The company is committed to enhancing cost control and efficiency to optimize competitiveness and support high-quality development [35]. - The company is exploring potential mergers and acquisitions to enhance its market position and operational capabilities [165]. Governance and Compliance - The company has received a standard unqualified audit opinion from the accounting firm, ensuring the accuracy and completeness of the financial report [6]. - The board of directors and supervisory board members have all attended the board meeting, ensuring governance compliance [5]. - The company has not reported any instances of more than half of the directors being unable to guarantee the authenticity and completeness of the annual report [10]. - The governance structure of the company is compliant with relevant laws and regulations, ensuring proper operation of the shareholders' meeting, board of directors, and supervisory board [158]. - The company has evaluated the performance of the accounting firm, ensuring compliance and oversight in financial reporting [176]. Risks and Challenges - The company has not identified any significant risks that could materially impact its operations during the reporting period [4]. - The company faces risks related to intellectual property protection, potential declines in gross margin due to increased competition, and reliance on imported raw materials [98][99]. - The company faces risks related to tax policy changes, currency fluctuations, and intensified market competition, which could impact profitability [104][102]. - The intelligent cutting industry is expected to face both opportunities and challenges as it evolves with technological breakthroughs and market demands [148]. Employee and Talent Management - The company has a total of 483 employees, with 201 in the parent company and 282 in major subsidiaries [183]. - The employee composition includes 153 production personnel, 181 sales personnel, 113 technical personnel, and 15 financial personnel [183]. - The company has established a competitive salary system and provides various insurance benefits to its employees [185]. - The company has implemented a talent training plan focusing on management, knowledge sharing, and skills enhancement [186]. - The company has increased its R&D personnel from 90 to 113, representing 23.40% of the total workforce, up from 21.33% [85].