SHD(SH:600630)2025-04-28 11:00Financial Performance - In 2024, the company achieved a net profit attributable to shareholders of 39,991,769.18 yuan, a significant increase of 150.76% compared to 15,948,026.20 yuan in 2023[24]. - The company's operating revenue for 2024 was 1,770,362,318.86 yuan, showing a slight decrease of 0.41% from 1,777,664,193.05 yuan in 2023[24]. - The net cash flow from operating activities was 203,864,897.39 yuan, a marginal increase of 0.08% compared to 203,708,833.96 yuan in the previous year[24]. - The total assets at the end of 2024 were 1,662,836,415.80 yuan, representing a decrease of 4.86% from 1,747,686,645.49 yuan at the end of 2023[25]. - The net assets attributable to shareholders increased by 5.89% to 755,077,420.91 yuan from 713,080,753.69 yuan in 2023[25]. - The company's basic earnings per share for 2024 is CNY 0.09, a 125% increase compared to CNY 0.04 in 2023[26]. - The net profit attributable to shareholders for 2024 is CNY 0.40 billion, representing a 151% year-on-year growth[33]. - The company's weighted average return on equity increased to 5.45% in 2024, up 3.19 percentage points from 2.26% in 2023[26]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.38 yuan per 10 shares, totaling 15,996,707.67 yuan, which is 40% of the net profit attributable to shareholders[6]. - The company reported an unallocated profit of 57,301,723.67 yuan available for distribution to shareholders at the end of 2024[6]. Revenue Breakdown - The total revenue for the fourth quarter of 2024 reached CNY 552.18 million, with a quarterly revenue breakdown of CNY 463.01 million in Q1, CNY 376.67 million in Q2, and CNY 378.50 million in Q3[28]. - The company achieved a total revenue of 1.77 billion RMB in the reporting period, with a main business income of 1.60 billion RMB, and a net profit attributable to shareholders of 40 million RMB, representing a 151% increase year-on-year[45]. - The main business revenue decreased by 1.16% year-on-year, while the main business cost increased by 0.26%[49]. Market and Product Development - The company launched differentiated products, including high-performance knitted garments for astronauts, which received market recognition[33]. - The company has expanded its international trade operations, with significant market presence in Europe, North America, Africa, and Latin America, and is actively promoting its brands through cross-border e-commerce[39]. - The company has established a dual-channel marketing strategy, covering major online platforms such as Tmall, Taobao, and JD, while also expanding into lower-tier markets[40]. - The company has invested in product innovation, launching upgraded products like Ice Spring Cotton and Duorong Cotton, and has a stable R&D team capable of developing thousands of products annually[42]. Operational Efficiency and Cost Management - The company is focusing on optimizing supply chain management to reduce costs and improve efficiency[34]. - The company has built an agile supply chain system that integrates business flow, information flow, logistics, and capital flow, enhancing its core competitiveness[44]. - The company reported a 21.27% increase in financial expenses, primarily due to reduced exchange gains[47]. Risk Management and Future Outlook - The company has outlined potential risks in its future development in the management discussion and analysis section[9]. - The company faces risks including a slowdown in industry growth, intense market competition, and rising raw material costs, which could impact profit margins[83]. - Future outlook suggests a commitment to innovation and potential market acquisitions to drive growth[92]. Corporate Governance and Management - The company has established a robust internal control system to ensure compliance with legal and regulatory requirements, enhancing governance standards[87]. - The company held three shareholder meetings during the reporting period, including the approval of the 2023 financial budget and profit distribution plan[90]. - The company is committed to maintaining transparency in information disclosure, ensuring all shareholders have equal access to company information[87]. Environmental and Social Responsibility - The company invested ¥641.3 million in environmental protection during the reporting period[128]. - The company has implemented a "biochemical + physical-chemical" wastewater treatment process to ensure compliance with environmental standards[131]. - The company has invested a total of 21.70 million yuan in public welfare projects, including 21 million yuan in cash donations[137]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 73,295, an increase from 67,430 at the end of the previous month[175]. - The largest shareholder, Shanghai Textile (Group) Co., Ltd., holds 30.08% of the shares, totaling 127,811,197 shares[178]. - The company has no shareholders with pledged, marked, or frozen shares, indicating a stable ownership structure[178].