CASTECH(SZ:002222)2025-04-28 10:00Financial Performance - The company's operating revenue for 2024 reached ¥875,715,492.95, representing a year-on-year increase of 12.04% compared to ¥781,635,566.78 in 2023[17] - The net profit attributable to shareholders for 2024 was ¥218,790,226.51, a 4.65% increase from ¥209,074,213.29 in 2023[17] - The net profit excluding non-recurring gains and losses was ¥215,532,120.47, up 11.24% from ¥193,757,706.66 in 2023[17] - The basic earnings per share for 2024 was ¥0.4653, reflecting a 4.66% increase from ¥0.4446 in 2023[17] - The cash flow from operating activities for 2024 was ¥218,005,022.52, a slight increase of 0.35% compared to ¥217,246,513.66 in 2023[17] - Total assets increased to ¥1,999,365,560.31, representing a 13.52% growth compared to ¥1,761,240,677.38[18] - Net assets attributable to shareholders rose to ¥1,576,941,206.61, a 9.00% increase from ¥1,446,766,321.59[18] - Quarterly revenue for Q1, Q2, Q3, and Q4 were ¥207,615,749.73, ¥231,880,461.07, ¥225,617,514.33, and ¥210,601,767.82 respectively[21] - Net profit attributable to shareholders for Q1, Q2, Q3, and Q4 were ¥48,290,153.05, ¥61,276,936.28, ¥58,429,416.94, and ¥50,793,720.24 respectively[21] - The gross profit margin for the optoelectronics industry was 53.76%, a decrease of 2.42 percentage points year-on-year[82] Research and Development - The company continues to focus on research and development in laser technology and optical communication[11] - The company invested CNY 97.54 million in R&D for 2024, an increase of 11.89% compared to the previous year, focusing on new products and processes[69] - The company has applied for 38 patents in 2024, including 14 invention patents, and received 14 patent grants, enhancing its technological capabilities[69] - The company completed research on several key projects, including the development of a 266nm ultra-wideband acousto-optic deflector, which is expected to create new growth points[90] - The company is preparing to conclude research on high-frequency acousto-optic devices, aiming for product sales and further enhancing R&D capabilities[90] - The company has made progress in developing large-diameter magneto-optical isolator materials, addressing key technical challenges and preparing for product sales[90] - The company focuses on the design of various fiber-coupled AOMs and RF drivers, enhancing the stability and output efficiency of laser systems[54] Market Position and Strategy - The company aims to become a leading supplier in the global laser and optical communication component market, focusing on high-quality and cost-effective products[109] - The company will leverage its core businesses in crystals, optics, and laser devices to rapidly capture market share in the laser market through a "one-stop" optoelectronic solution[111] - The company focuses on high-value intelligent manufacturing, transitioning from scale manufacturing[32] - The company has a strong market position in nonlinear optical crystals and laser crystals, holding the largest global market share for LBO and BBO crystals[64] - The company is recognized as a leading player in the optical and laser component industry, having received accolades for its influence in the photonics sector[64] Risk Management and Compliance - The company maintains a strong commitment to risk management and investor awareness regarding future performance forecasts[5] - The company acknowledges risks from intensified market competition and plans to enhance R&D and management innovation to maintain competitive advantages[117] - The company will closely monitor international trade policy changes and strengthen domestic market development to mitigate risks from global market uncertainties[118] - The company has established and effectively implemented internal control systems, with no significant deficiencies reported during the period[171] - The internal control audit report confirms that the company maintained effective financial reporting internal controls as of December 31, 2024[175] Corporate Governance - The company held two shareholder meetings during the reporting period, ensuring compliance with relevant laws and regulations, and provided a voting mechanism that included both on-site and online participation[125] - The board of directors was restructured in accordance with legal requirements, consisting of nine members, including three independent directors, and held six board meetings during the reporting period[127] - The supervisory board was also restructured, comprising three supervisors, including one employee representative, and convened five meetings, ensuring compliance with legal and regulatory standards[129] - The company established independent financial management, with a dedicated finance department and independent bank accounts, ensuring no interference from the controlling shareholder in financial activities[136] - The company has a structured approach to performance evaluation, linking compensation to both individual performance and overall company results[151] Employee and Talent Management - The total number of employees at the end of the reporting period is 1,941, with 1,471 in the parent company and 470 in major subsidiaries[162] - The company emphasizes talent development and has implemented targeted training programs to enhance employee skills and professional ethics[165] - The company has a project incentive mechanism and profit-sharing mechanism to motivate technical personnel and core staff[164] - The company has a comprehensive compensation management system that aligns with its strategic goals and operational performance[151] Dividend and Profit Distribution - The company plans to distribute a cash dividend of ¥1 per 10 shares to all shareholders, based on a total share capital of 470,250,000 shares[5] - The total cash dividend amount represents 100% of the total profit distribution, with no shares being issued as stock dividends[168] - The company reported a distributable profit of ¥800,008,065.71 for the period[168] - The company has committed to a shareholder dividend return plan for the next three years (2024-2026) and is currently fulfilling this commitment[183] Social Responsibility - The company donated 90,000 yuan to the Fuzhou Charity Association for poverty alleviation efforts and purchased agricultural products worth 118,000 yuan from Gansu Dingxi to support local farmers[181] - The company has complied with environmental protection laws and has passed the ISO 14001:2015 environmental management system certification[178]