NARI-TECH(SH:600406)2025-04-28 12:10Financial Performance - The company achieved an operating revenue of 57.417 billion yuan, an increase of 11.15% compared to the previous year[15]. - The net profit attributable to shareholders was 7.610 billion yuan, reflecting a growth of 6.06% year-on-year[15]. - The basic earnings per share reached 0.95 yuan[15]. - The total cash dividend for 2024 amounted to 4.565 billion yuan, representing 65.07% of the net profit attributable to shareholders[9]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB, representing a year-over-year growth of 20%[27]. - The company's operating revenue for 2024 reached ¥57.42 billion, an increase of 11.15% compared to ¥51.66 billion in 2023[35]. - Net profit attributable to shareholders for 2024 was ¥7.61 billion, reflecting a growth of 6.06% from ¥7.18 billion in 2023[35]. - The company reported a total revenue of ¥25.10 billion in Q4 2024, with a net profit of ¥3.14 billion for the same period[40]. - The company achieved operating revenue of 57.417 billion yuan in 2024, an increase of 11.15% compared to the previous year[46]. - The company reported a significant increase in investment income, which rose by 430.97% to ¥38.34 million from ¥7.22 million in the previous year[82]. Business Development and Innovation - The company successfully launched several innovative products, including the world's first 66kV grid-type SVG and megawatt-level grid-type energy storage systems[16]. - The company reported a 36.24% year-on-year growth in emerging businesses such as IGBT and robotic operations[17]. - New product development includes the launch of an advanced energy management system, expected to enhance operational efficiency by 25%[27]. - The company launched several new technologies, including a new relay protection device for high renewable energy integration and a large current charging system[47]. - The company aims to enhance its innovation capabilities by integrating advanced technologies such as artificial intelligence and digital twin technology into its operations[58]. - The company is focusing on digital transformation, integrating AI and digital technologies into its operations to enhance efficiency and service delivery[130]. - The company is committed to advancing the dual goals of energy revolution and digital transformation, aiming to build a clean, low-carbon, and efficient modern energy system[67]. Market Expansion and Strategic Initiatives - The international business saw significant achievements, with major contracts won in Saudi Arabia, contributing to an increase in contract amounts and proportions[18]. - The company plans to enhance its market presence, targeting a 10% increase in market share within the next fiscal year[27]. - The company is expanding its market presence, targeting a 10% increase in market share within the next fiscal year[27]. - The company is actively promoting green and low-carbon transformation, with a 12.1% year-on-year increase in investment in power source projects, totaling 1,168.7 billion yuan[55]. - The company plans to expand its overseas business and innovate in new energy technologies, contributing to the modern industrial chain of the new power system[133]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential mergers and acquisitions[169]. Operational Efficiency and Cost Management - The gross margin improved to 35%, up from 30% in the previous year, reflecting better cost management[27]. - Operating costs rose to ¥42.11 billion, reflecting an increase of 11.37% from ¥37.81 billion year-on-year[81]. - The company achieved a 5% reduction in operational costs through efficiency improvements in its supply chain[169]. - Operating expenses were reduced by 5% through cost optimization initiatives[170]. - The company aims to enhance its operational efficiency by 10% through new automation technologies implemented in Q4 2023[177]. Human Resources and Talent Management - The company has increased its recruitment of top graduates, with a significant rise in the number of master's and doctoral candidates from 985 universities[50]. - The company is dedicated to becoming a high-end talent hub, attracting and retaining skilled professionals to drive its growth[133]. - The total number of employees in the parent company is 1,921, while the main subsidiaries employ 9,210, resulting in a total of 11,131 employees[200]. - Among the total employees, 8,058 are technical personnel, accounting for approximately 72.4% of the workforce[200]. Governance and Compliance - The company held one shareholders' meeting during the reporting period, ensuring all shareholders, especially minority shareholders, had equal rights and access to information[148]. - The board of directors consists of 12 members, including 4 independent directors, and has held 8 meetings, all in compliance with legal and regulatory requirements[150]. - The company is committed to maintaining the independence of its operations from its controlling shareholder, ensuring no fund occupation or guarantees provided to the controlling shareholder[149]. - The company has established a transparent performance evaluation system for senior management, linking their compensation to business performance[153]. - The company has implemented strict insider information management practices to ensure fair and transparent information disclosure[158]. Future Outlook - The company plans to achieve operating revenue of 64.5 billion yuan in 2025, representing a year-on-year growth of 12.34%[134]. - The company anticipates a 6% year-on-year growth in national electricity consumption by 2025, indicating a stable economic outlook[129]. - Future guidance indicates a commitment to sustainability, with plans to reduce carbon emissions by 40% over the next five years[169]. - The company aims to strengthen its management effectiveness by improving operational mechanisms and enhancing management quality[133].