TKD(SH:603738)2025-04-28 11:25Financial Performance - The net profit attributable to the parent company for 2024 is CNY 87,580,933.21, with undistributed profits at CNY 431,284,019.92 as of December 31, 2024[6]. - The proposed cash dividend distribution is CNY 0.80 per 10 shares (tax included), with no bonus shares or capital reserve conversion[6]. - The company's operating revenue for 2024 was CNY 821,042,476.11, representing a 3.55% increase compared to CNY 792,860,209.78 in 2023[25]. - The net profit attributable to shareholders for 2024 decreased by 13.55% to CNY 87,580,933.21 from CNY 101,303,647.37 in 2023[25]. - The net cash flow from operating activities dropped significantly by 59.85% to CNY 109,546,292.75, down from CNY 272,828,134.42 in the previous year[25]. - The total assets increased by 5.34% to CNY 2,150,594,740.77 at the end of 2024, compared to CNY 2,041,617,849.56 at the end of 2023[25]. - Basic earnings per share for 2024 were CNY 0.23, a decrease of 11.54% from CNY 0.26 in 2023[26]. - The weighted average return on equity for 2024 was 5.00%, down from 5.62% in 2023, reflecting a decrease of 0.62 percentage points[26]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, which fell by 24.26% to CNY 62,025,030.14 in 2024[25]. Research and Development - The company increased its R&D investment to 48.68 million yuan, a growth of 33.05% compared to the previous year, focusing on semiconductor lithography technology and optimizing high-end product layouts[38]. - The company has developed over 2,000 part numbers for automotive-grade crystal oscillators, covering five major domains including intelligent cockpit and autonomous driving, with successful AEC-Q200/Q100 certification[39]. - The company is committed to optimizing its product structure, with a focus on high-precision temperature compensation devices and low-noise products, to strengthen its competitive edge[38]. - The company has achieved industrialization and scale of quartz MEMS devices, mastering core production technologies for high-frequency products suitable for 5G and AIoT applications[49]. - The company has a total of 162 valid patents, including 35 invention patents and 126 utility model patents, reflecting its commitment to innovation[69]. Market Strategy and Expansion - The company aims to enhance its market share by focusing on high-value products and emerging markets such as 6G, optical communication, and AI[37]. - The global quartz crystal market is projected to reach $3.652 billion in 2024, with a compound annual growth rate (CAGR) of 10.7% from 2025 to 2031[44]. - The automotive electronics sector is projected to require 3.1 billion quartz crystal frequency components by 2027, with a market size of 1.66 billion yuan, indicating rapid growth in this application[54]. - The company is adapting to market demands by increasing the production of low-power, high-frequency, and high-stability products, responding to the growing needs in AI and IoT applications[36]. - The company is actively expanding its market presence in emerging sectors, particularly in active and automotive crystals, to meet diverse customer needs[72]. Corporate Governance - The company emphasizes the importance of maintaining investor relations and adhering to legal regulations, aiming to effectively utilize capital market tools for external investments and mergers and acquisitions to drive industry and capital interaction[101]. - The company has established a reasonable selection mechanism for senior management, ensuring clear division of responsibilities and participation in major decision-making processes[108]. - The company has a robust governance structure, with a clear division of responsibilities among the shareholders' meeting, board of directors, supervisory board, and management[111]. - The board of directors convened 8 meetings during the reporting period, with a composition that meets legal requirements, ensuring diligent review of proposals[107]. - The company has implemented multiple communication channels with investors, including a hotline, email responses, and performance briefings, enhancing investor relations management[110]. Environmental Responsibility - The company has established a comprehensive environmental protection system and has not faced any penalties for violating environmental regulations since its inception[110]. - The company has invested 3.3023 million yuan in environmental protection during the reporting period[169]. - The company has implemented measures to reduce carbon emissions, including the development of low-power crystal oscillators and the installation of photovoltaic systems on rooftops[178]. - The company has established a comprehensive pollution prevention facility that operates normally during the reporting period[172]. - The company conducts regular environmental monitoring through a third-party testing agency, with results meeting discharge standards[176]. Employee Relations - The company has a total of 2,034 employees, with 1,074 in the parent company and 960 in major subsidiaries[138]. - The professional composition includes 1,219 production personnel, 59 sales personnel, 564 technical personnel, 36 financial personnel, 81 administrative personnel, and 75 other auxiliary personnel[138]. - The educational background of employees shows 2 with a doctorate, 34 with a master's degree, 275 with a bachelor's degree, 281 with an associate degree, and 1,442 with a high school diploma or below[139]. - The employee stock ownership plan for 2024 involves a maximum of 7.65 million shares, representing 1.96% of the total share capital[162]. - The actual participation in the 2024 employee stock ownership plan included 221 employees, with a total subscription amount of 61.2 million CNY[163]. Dividend Policy - The company emphasizes a cash dividend policy, prioritizing cash dividends over stock dividends[145]. - The company aims for a minimum cash dividend distribution of 20% of the distributable profit if there are no major investment plans[147]. - The company's profit distribution policy is designed to ensure reasonable returns for investors while considering sustainable development[146]. - The cumulative cash dividend over the last three accounting years is 119,882,822.49 CNY, with an average net profit of 125,800,973.09 CNY, resulting in a cash dividend ratio of 95.30%[161]. - The total cash dividend and repurchase amount over the last three years is 119,882,822.49 CNY, exceeding the net profit for the last year, which was 87,580,933.21 CNY[161].