RTGF(002440)2025-04-28 10:55Financial Performance - The company aims to achieve total revenue of no less than 5.5 billion RMB and a total profit of no less than 500 million RMB in 2025[5]. - The company's operating revenue for 2024 was CNY 5,695,178,073.59, representing a 1.91% increase compared to CNY 5,588,464,723.97 in 2023[6]. - The net profit attributable to shareholders for 2024 surged to CNY 213,487,437.36, a remarkable increase of 366.42% from CNY 45,771,490.19 in 2023[6]. - The company reported a net profit of CNY 265,944,253.75 for the fiscal year 2024, with a total distributable profit of CNY 3,800,220,149.16[150]. - The company reported an operating profit of ¥387,299,893.66, representing a significant year-on-year growth of 106.36%[49]. - The total cash dividend, including other methods, amounts to CNY 342,019,413.77, representing 100% of the profit distribution[150]. Dividend Policy - The profit distribution plan approved by the board is to distribute a cash dividend of 1.5 RMB per 10 shares (including tax) based on a total of 1,093,999,889 shares[9]. - The company distributed cash dividends of RMB 168,599,985.75 (including tax) for the fiscal year 2024, with cumulative cash dividends since 2010 amounting to RMB 4,713,472,855.91[97]. - The cash dividend represents a minimum of 20% of the profit distribution in line with the company's growth stage and significant capital expenditure plans[150]. - The company has maintained a high cash dividend payout ratio since its listing in 2010, with cumulative cash dividends amounting to approximately 4.71 billion yuan[174]. Research and Development - The company invested ¥24,346.22 million in R&D during the reporting period, resulting in 26 authorized invention patents and 2 utility model patents[47]. - The company is investing $50 million in R&D for new technologies aimed at enhancing product efficiency and sustainability[5]. - R&D investment increased by 9.53% to ¥243,462,160.74 in 2024, representing 4.27% of operating revenue, up from 3.98% in 2023[70]. - The company achieved industrialization of several key R&D projects, including high-performance active yellow dyes and high water-wash fastness active black dyes, enhancing product competitiveness[69]. Market Position and Strategy - The company acknowledges market risks due to increased competition in the dye industry, which may lead to price fluctuations and reduced capacity utilization[9]. - The company is positioned in the dye manufacturing industry, which is a significant sector in China's chemical raw materials and products manufacturing[30]. - The company aims to strengthen internal controls and governance through comprehensive system construction and internal audit enhancements[91]. - The company intends to expand market share by restructuring product business and enhancing customer service responsiveness[92]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[159]. - The company adheres to multiple environmental protection laws and standards, ensuring compliance in its production operations[159]. - The company has established comprehensive waste treatment facilities to minimize negative environmental impacts during production[160]. - The company has invested in advanced wastewater treatment technologies to enhance its environmental performance and sustainability[167]. Corporate Governance - The company has established a robust corporate governance structure, ensuring timely and accurate information disclosure to protect shareholder rights[174]. - The company has maintained a high level of compliance with corporate governance standards, ensuring independence from its controlling shareholders in operations and decision-making[102]. - The company has implemented a stable cash dividend policy, consistently providing high cash dividends to shareholders since its listing[97]. - The company has a structured approach to remuneration, linking it to performance assessments[131]. Safety and Risk Management - The company emphasizes safety in production and will increase investments in safety management, adopting advanced safety management methods from Australia[7]. - The company recognizes risks related to macroeconomic changes, safety, environmental regulations, and market competition, and will adjust strategies accordingly[93]. - The company has not experienced any major production safety accidents throughout the year, emphasizing a strict safety production responsibility system[180]. - The company has conducted safety training for 48,322 employees during the year, achieving a 100% certification rate for special operations and safety management personnel[179]. Social Responsibility - The company actively engaged in social responsibility initiatives, donating a total of ¥8,364,600, including ¥6,820,000 for public welfare donations[54]. - The company donated 100,000 yuan to support rural revitalization efforts in Lingnan Township during the reporting period[181]. - The company has established strategic partnerships with suppliers and customers, ensuring mutual benefits and compliance with contractual obligations[176]. Operational Efficiency - The company has implemented a "backward integration" strategy to enhance its supply chain and reduce production costs[37]. - The company has maintained a stable production process for its main products, ensuring high product quality and safety[40]. - The company has achieved a dye production capacity utilization rate of 81.37% with a designed capacity of 238,000 tons[40]. - The company’s caustic soda production capacity utilization rate is at 97.08%, indicating strong operational efficiency[40].