RHI(002483)2025-04-28 11:20Financial Performance - The company's operating revenue for 2024 reached ¥8,223,988,509.06, representing a 14.50% increase compared to ¥7,182,676,317.04 in 2023[18]. - Net profit attributable to shareholders surged to ¥484,969,734.99, a remarkable increase of 775.84% from ¥55,372,265.35 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥438,057,785.16, up 777.26% from ¥49,934,509.02 in 2023[18]. - Basic earnings per share increased to ¥0.55, reflecting an 816.67% rise compared to ¥0.06 in 2023[18]. - The weighted average return on equity improved to 11.57%, a significant increase from 1.39% in the previous year[18]. - Total assets at the end of 2024 were ¥10,576,300,628.51, a slight decrease of 1.27% from ¥10,712,645,812.84 in 2023[18]. - Net assets attributable to shareholders increased to ¥4,380,767,984.07, marking a 9.51% rise from ¥4,000,310,268.09 in 2023[18]. - The company reported a net cash flow from operating activities of ¥800,528,393.44, down 17.81% from ¥973,969,246.79 in 2023[18]. - The company achieved operating revenue of 822,398.85 million yuan, a year-on-year increase of 14.50%[42]. - The net profit attributable to shareholders reached 48,496.97 million yuan, reflecting a significant year-on-year increase of 775.84%[42]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥3 per 10 shares, totaling approximately ¥26,594,054.39 based on 886,468,413 shares[5]. - The company distributed a cash dividend of 1 RMB per 10 shares, totaling 265,940,523.90 RMB, which represents 100% of the profit distribution[157][158]. - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares for the 2024 fiscal year, based on a total share capital of 886,468,413 shares[158]. Operational Highlights - The company reported a cash flow from operating activities of ¥594,773,102.44 in the fourth quarter, indicating positive cash generation[22]. - The company operates in the general equipment manufacturing industry, which is experiencing rapid growth driven by technological innovation and automation[28]. - The company has established five manufacturing bases and has expanded its international presence to over 50 countries and regions[30]. - The company has a workforce of over 270 employees overseas, supporting its global operations and service network[30]. - The company has developed new energy equipment, including LNG storage tanks, to support the green transformation of the shipping industry[34]. - The company has an annual production capacity of 300,000 tons for offshore wind power foundation piles and jackets, positioning itself as a leading player in the offshore engineering sector[33]. Market and Product Development - The company aims to focus on high-end equipment business and accelerate internationalization to become a globally recognized industrial equipment manufacturer[31]. - The material handling equipment business targets the mid-to-high-end market, with the "GENMA" brand recognized as a key international brand in Jiangsu Province, indicating strong market presence[32]. - The company is actively involved in the development of deep-sea technology, which is part of the national strategy for marine power[29]. - The company is leveraging artificial intelligence to enhance production efficiency and product quality, integrating AI technology into existing operations[35]. - The company is developing new products such as large-span gantry cranes and high-efficiency wind power foundation construction technologies to enhance market competitiveness[63][64]. Research and Development - The company invested a total of 210 million yuan in research and development during the reporting period[45]. - R&D expenses amounted to ¥209,943,937.69, reflecting a 2.27% increase year-on-year[62]. - The number of R&D personnel increased by 14.01% to 757, with a higher proportion of personnel holding bachelor's degrees[65]. - R&D investment accounted for 2.55% of operating revenue, showing a slight decrease from the previous year's 2.86%[65]. Risk Management - The company has identified various risks in its future development outlook, which investors should be aware of[5]. - The company faces risks from international political and economic environments, which may impact its business operations[91]. - The company may encounter contract performance risks due to the high value and long cycle of its high-end equipment orders[93]. - The company's accounts receivable may gradually increase, posing a risk of delayed collection and potential bad debt losses, which could impact financial performance[94]. - Rising labor and raw material costs may further increase operational costs, leading to a decrease in profit margins and weakening the company's profitability[96]. Governance and Compliance - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, enhancing its governance level[104]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements[107]. - The company has implemented a "Quality and Return Dual Improvement" action plan, although details on its disclosure are not provided[102]. - The company maintains independence from its controlling shareholders in business, personnel, assets, and financial matters[106]. - The company has a dedicated internal audit department that regularly checks financial status, major investments, and related transactions, assisting the audit committee of the board[112]. Environmental Responsibility - The company has complied with environmental protection laws and obtained necessary permits for its subsidiaries[170][171][172][173][174][175][176]. - The company has established a comprehensive environmental impact assessment for all current projects, which have passed local environmental bureau approvals[170][171][172][173][174][175][176]. - The company reported a total emission of 12.2 tons of sulfur dioxide and 25.46 tons of nitrogen oxides annually[178]. - The company is committed to maintaining emissions within the regulatory standards set by GB18484 and GB8978[178]. - The company has implemented a VOC gas treatment system using sodium hypochlorite and activated carbon adsorption, with emissions meeting regulatory standards through a 29m exhaust stack[187]. Employee and Management Practices - The total number of employees at the end of the reporting period was 3,102, with 2,806 in major subsidiaries[154]. - The company has implemented a performance evaluation mechanism to enhance employee motivation and satisfaction[155]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 1,237.46 million[141]. - The remuneration decision process involves the compensation and assessment committee, which evaluates based on performance and company operating results[140]. Strategic Outlook - Future outlook includes expansion in marine engineering and special equipment manufacturing, aiming to increase market share[83]. - The company is focusing on strategic partnerships and potential acquisitions to bolster its operational capacity and market presence[83]. - The company aims to improve its operational efficiency and reduce costs through technological advancements and process optimization[83]. - The company is committed to sustainable practices in its operations, aligning with industry trends towards environmental responsibility[83].