UROICA(SZ:300099)2025-04-28 11:50Financial Performance - The company's operating revenue for 2024 was ¥598,981,626.82, a decrease of 10.33% compared to ¥667,976,640.61 in 2023[18]. - The net profit attributable to shareholders for 2024 was ¥95,078,120.06, down 28.12% from ¥132,267,639.29 in 2023[18]. - Basic earnings per share for 2024 were ¥0.1290, a decrease of 28.09% from ¥0.1794 in 2023[18]. - The net profit after deducting non-recurring gains and losses for 2024 was ¥97,457,385.90, a decrease of 20.99% from ¥123,351,904.06 in 2023[18]. - The overall net result for the company was a loss of $2.38 million in 2024, a decline from a profit of $8.92 million in 2023[24]. - The company reported a quarterly revenue of ¥196,534,645.86 in Q4 2024, with a net profit of ¥38,120,093.88 for the same quarter[20]. - The company achieved total operating revenue of CNY 598.98 million in 2024, a year-on-year decrease of 10.33%[72]. - Net profit attributable to shareholders was CNY 95.08 million, down 28.12% compared to the previous year, primarily due to declines in revenue and net profit from Fuhua Yiqi and Shikai Technology[72]. - The mining technology segment, as the main contributor to the company's smart mining business, achieved operating revenue of CNY 482.83 million, showing slight growth, but net profit decreased to CNY 72.29 million[72]. Cash Flow and Assets - The net cash flow from operating activities increased significantly by 213.40% to ¥191,128,095.27 in 2024, compared to ¥60,984,900.42 in 2023[18]. - Total assets at the end of 2024 reached ¥2,797,775,862.59, reflecting a 6.03% increase from ¥2,638,662,487.89 at the end of 2023[18]. - The total cash and cash equivalents increased by 121.97% year-on-year, amounting to ¥65,355,608.09, driven by decreased cash outflows for purchases and received equity transfer deposits[90]. - The company's inventory decreased by 2.91% to ¥240,802,334.78, accounting for 8.61% of total assets[93]. - The company's long-term equity investments increased to ¥124,768,014.50, representing 4.46% of total assets, up from 4.36% at the beginning of the year[93]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥1.77 per 10 shares to all shareholders, based on a total of 737,265,255 shares[6]. - The cash dividend represents 80% of the total profit distribution, aligning with the company's policy for mature stage development[166]. - The total distributable profit for the company is 261,904,332.08 yuan, with a net profit attributable to shareholders of 95,078,120.06 yuan for the fiscal year 2024[166]. - The company has maintained a cash dividend ratio of over 70% since its listing, demonstrating a strong commitment to shareholder returns[69]. Business Segments and Market Focus - The company is focusing on the smart mining sector, leveraging advanced information and digital technologies to enhance its service offerings[28]. - The smart mining industry accounted for 90.27% of total revenue, while the defense and military industry contributed 9.62%, with the latter experiencing a significant decline of 45.32%[74]. - The company has diversified into the defense and military industry through the acquisition of Shikai Technology, which has nearly 30 years of experience in defense technology and holds complete military product research and production qualifications[57]. - The company aims to expand its safety monitoring business to include gas, water, and fire monitoring, establishing a comprehensive safety monitoring concept[110]. Research and Development - The company has obtained 437 patents, including 59 invention patents and 352 utility model patents, showcasing its commitment to innovation[66]. - The company's R&D investment amounted to ¥54,468,615.64 in 2024, representing 9.09% of operating revenue, an increase from 8.19% in 2023[86]. - The company is developing a harmful gas online monitoring system to provide scientific monitoring data for mines, which is crucial for fire hazard prevention[84]. - The company is developing a series of intelligent inspection robots for hazardous environments, which will significantly enhance automation and safety in coal mining operations[85]. Strategic Initiatives and Future Plans - The company plans to enhance its smart mining robot business by increasing investment in R&D and introducing advanced technologies such as AI and big data models[109]. - The company aims to complete the divestiture of Fuhua Yuqi by early 2025 to focus on its core business and mitigate losses from non-core operations, thereby improving asset quality and risk resistance[115]. - The company will focus on low-cost, consumable military products, including upgrades to missile guidance systems, to enhance its defense and military business[111]. - The company plans to launch a new series of remote-controlled track transport robots, which will address the "last mile" transportation challenges in underground mining[85]. Governance and Management - The board of directors consists of 7 members, including 3 independent directors, meeting the requirements of the Company Law[125]. - The company has established a comprehensive performance evaluation and incentive mechanism linking senior management compensation to business performance[128]. - The management team is committed to enhancing operational efficiency and financial performance, as evidenced by the appointment of a new financial director to oversee fiscal strategies[145][147]. - The company has a diverse board of directors, including independent directors with expertise in finance and corporate governance, enhancing oversight and strategic direction[140][141]. Environmental and Social Responsibility - The company is not classified as a key pollutant discharge unit by the environmental protection department and has adhered to relevant environmental laws without any pollution incidents or administrative penalties during the reporting period[174]. - The company emphasizes social responsibility by creating economic benefits while protecting employee rights and engaging in social welfare activities[176]. - The company has implemented effective measures to strengthen environmental protection and has not faced any penalties for environmental violations during the reporting period[175]. Compliance and Risk Management - There are no major defects or important defects in the internal control system, ensuring effective risk management and compliance[168][171]. - The company has not encountered any significant issues in the management and control of its subsidiaries during the reporting period[169]. - The company has confirmed that its shares are free from any pledges, guarantees, or third-party rights restrictions[182]. - The company has not faced any administrative or criminal penalties in the last five years, ensuring compliance with regulatory standards[182].