HAC(SH:600202)2025-04-28 07:50Financial Performance - The company achieved a net profit attributable to shareholders of 7,355,536.14 yuan for the fiscal year 2024, after deducting the statutory surplus reserve of 1,485,594.92 yuan and the cash dividend of 3,833,406.72 yuan distributed in the first half of 2024[7]. - The proposed cash dividend distribution for the fiscal year 2024 is 0.10 yuan per 10 shares, totaling 3,833,406.72 yuan, which accounts for 52.12% of the net profit attributable to shareholders[8]. - The retained earnings available for distribution to shareholders amount to 213,453,737.38 yuan, after accounting for the net profit, statutory surplus reserve, and cash dividends[7]. - The company achieved operating revenue of CNY 1,406,935,900.78 in 2024, a decrease of 1.10% compared to the previous year[26]. - The net profit attributable to shareholders was CNY 7,355,536.14, reflecting a significant decline of 65.53% year-over-year[26]. - The basic earnings per share decreased to CNY 0.0192, down 65.53% from CNY 0.0557 in 2023[27]. - The total assets at the end of 2024 were CNY 2,825,978,057.93, a decrease of 3.77% compared to the previous year[26]. - The company reported a net loss of CNY 224,180,000 for the year, compared to a net profit of CNY 2,472,010 in the previous year[35]. - The company’s net assets attributable to shareholders increased slightly by 0.40% to CNY 833,939,324.25 at the end of 2024[26]. - The total order amount for the company in the reporting year was RMB 1,020.42 million, a decrease of 28.84% compared to the previous year[36]. Cash Flow and Investments - The cash flow from operating activities showed an improvement, with a net cash flow of -CNY 31,500,058.82, an increase of 9.66% from -CNY 34,866,492.83 in 2023[26]. - The net cash flow from operating activities was -RMB 31.50 million, an improvement of 9.66% compared to the end of the previous year[41]. - The company reported a significant decrease in investment cash flow, improving by 82.77% to -21,770,074.57 CNY from -126,326,193.67 CNY[58]. - The company experienced a 77.08% decrease in financing cash flow, totaling 52,993,744.48 CNY compared to 231,243,176.88 CNY in the previous year[58]. - The company’s total cash outflow for operating activities was ¥1,521,468,234.53 in 2024, an increase from ¥1,362,682,959.36 in 2023[199]. Risk Management - The company has no significant risk events reported during the reporting period, indicating a stable operational environment[12]. - The company’s management has provided a risk statement indicating that there are no major risks faced during the reporting period[12]. - The company is facing risks related to macroeconomic fluctuations that could impact demand for its products in the petrochemical, power, and metallurgy industries[77]. - The company has established a professional market research team to monitor macroeconomic trends and adjust product structures accordingly[77]. - The company faced risks from fluctuations in raw material prices, particularly aluminum, carbon steel, and stainless steel, which could impact gross margins[78]. Corporate Governance - The company held 4 shareholder meetings during the reporting period, ensuring compliance with relevant laws and regulations[82]. - The board of directors conducted 10 meetings, adhering to the procedures outlined in the company's articles of association[83]. - The supervisory board held 8 meetings, maintaining compliance with the company's governance rules[84]. - The company respects the rights of stakeholders, including banks, creditors, employees, and customers, fostering collaborative development[84]. - The company has improved investor relations management through multiple communication channels, ensuring transparency and fairness in information disclosure[84]. Research and Development - Research and development expenses amounted to 41,173,037.62 CNY, accounting for 2.93% of total operating revenue[54]. - The company is focusing on expanding its clean energy market and enhancing its sustainable development capabilities[74]. - The company is actively pursuing partnerships with universities and research institutions to accelerate the transformation of research results[76]. - The company plans to enhance its production management system through intelligent upgrades and establish a dynamic, visual, and full-chain intelligent scheduling system[75]. - The company aims to increase R&D investment intensity to drive key technological breakthroughs and enhance the value of the industrial chain[76]. Environmental Responsibility - The company has invested 38.09 million RMB in environmental protection during the reporting period[134]. - The company has achieved ISO14001 environmental management system certification for 12 consecutive years and obtained national-level green factory certification in 2024[136]. - The company’s air cooler products significantly reduce water resource usage by relying on air cooling, thus alleviating water resource pressure[137]. - The air cooler operates with lower energy consumption, indirectly reducing greenhouse gas emissions during power generation[137]. - The company has implemented carbon reduction measures, including the use of rooftop distributed solar energy and electric heating, to minimize pollutant emissions[138]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 24,515, down from 41,991 at the end of the previous month[160]. - The largest shareholder, Harbin Industrial Investment Group Co., Ltd., holds 130,449,385 shares, representing 34.03% of the total shares, with 106,938,500 shares frozen[161]. - The second largest shareholder, Zhou Shuang, increased holdings by 2,655,940 shares, totaling 12,818,490 shares, which is 3.34% of the total shares[161]. - The company has no strategic investors or general legal entities becoming top 10 shareholders through new share placements during the reporting period[162]. - The actual controller is the Harbin Municipal Government State-owned Assets Supervision and Administration Commission[164]. Employee and Training - The total number of employees in the parent company and major subsidiaries is 635, with 402 in the parent company and 233 in subsidiaries[111]. - The company plans to conduct 36 training sessions in 2024, training a total of 212 employees[114]. - Employee composition includes 363 production staff, 75 sales personnel, 137 technical staff, 15 financial staff, and 45 administrative staff[111]. - The total hours of outsourced labor amounted to 2,726,193 hours, with total payments of 21.58 million yuan[115]. Future Outlook - The company plans to enhance operational efficiency through digital transformation initiatives[90]. - Future outlook includes a commitment to new product development and technological advancements to enhance competitive edge[90]. - The management has outlined a clear performance guidance for the next quarter, expecting a stable financial performance amidst market fluctuations[90]. - The company aims to achieve a revenue growth target of 10% for the upcoming fiscal year[90]. - The company is focusing on expanding its market presence, particularly in India, through its subsidiary Harbin Air Cooling Technology (India) Co., Ltd.[90].