Financial Performance - The company's operating revenue for 2024 reached ¥489,239,344.45, representing a 17.45% increase compared to ¥416,556,367.36 in 2023[16] - Net profit attributable to shareholders for 2024 was ¥90,183,970.58, an increase of 8.30% from ¥83,273,557.30 in the previous year[16] - The net profit after deducting non-recurring gains and losses was ¥84,035,106.86, up 20.08% from ¥69,980,006.64 in 2023[16] - The basic earnings per share for 2024 was ¥0.64, a 10.34% increase from ¥0.58 in 2023[16] - Total assets at the end of 2024 amounted to ¥1,554,783,642.08, reflecting a 14.86% increase from ¥1,353,660,301.76 at the end of 2023[16] - The net assets attributable to shareholders increased to ¥1,146,149,450.07, a 3.11% rise from ¥1,111,631,041.98 in 2023[16] - Cash flow from operating activities decreased by 50.36% to ¥83,918,130.47 from ¥169,043,405.63 in the previous year[16] - The weighted average return on equity for 2024 was 8.07%, an increase from 7.73% in 2023[16] Dividend Distribution - The company plans to distribute a cash dividend of ¥2 per 10 shares to all shareholders, totaling approximately ¥28,744,000 based on the current share capital[6] - For the 2024 fiscal year, the cash dividend distribution is also set at 2.00 CNY per 10 shares, amounting to 28,372,391.60 CNY[191] - The cash dividend distribution for both years represents 100% of the total distributable profit[193] Market Trends and Industry Insights - The global printing machinery market is projected to grow from 18.9 billion in 2020 to 25 billion by 2027, with a CAGR of 4%[27] - The printing label and packaging market is expected to reach 517.9 billion in 2024, indicating significant growth potential for the label printing industry[28] - The packaging printing market is projected to grow from 517.9 billion in 2024 to 618.2 billion by 2029, with a CAGR of 3.6%[31] - The Chinese packaging printing industry has surpassed 100 billion in 2023, accounting for over 20% of the global market share[31] Product Development and Innovation - The company has developed a combination high-speed full rotary (sleeve) offset printing machine that expands its application from label printing to packaging printing[31] - The company introduced a new combination high-speed full rotary (sleeve) offset printing machine, achieving a maximum printing speed of 180 meters per minute, significantly improving printing speed compared to traditional machines[42] - The digital printing machine in the Elegant series can reach a maximum printing speed of 60 meters per minute and a printing width of 230 millimeters, enhancing operational efficiency and reducing downtime[47] - The digital printing machine Pro series supports a maximum printing width of 350 millimeters and utilizes a single-pass inkjet method, achieving a printing precision of up to 1200*600 DPI, ensuring high-quality output[51] - The company has launched a digital flexo printing machine that combines the advantages of digital and flexo printing, enhancing efficiency and quality[56] Research and Development - Research and development expenses amounted to CNY 34.63 million, up 3.51% year-on-year, with a focus on smart and green printing equipment[85] - The company holds a total of 21 invention patents, 2 European invention patents, 65 utility model patents, and 32 software copyrights as of the end of the reporting period[85] - The company has increased its R&D personnel from 48 to 60, representing a growth of 25%[110] - The company focuses on market-driven R&D and technological innovation, developing high-value label printing equipment and comprehensive solutions[75] Operational Efficiency - The company has maintained its focus on label printing technology since its establishment, continuously optimizing equipment structure and functionality[65] - The company employs a "make-to-order" production model, customizing production based on customer demand and sales orders[69] - The company has established a comprehensive quality management system, ensuring high product quality through strict procurement and production standards[77] - The company maintains a 100% first-pass quality rate in manufacturing processes, with a production plan completion rate and timely delivery rate exceeding 99%[86] Governance and Shareholder Relations - The company has established a governance structure with a shareholders' meeting, board of directors, supervisory board, and independent director system[165] - The company actively respects and protects the legitimate rights and interests of stakeholders, promoting harmonious development among all parties[157] - The company has implemented a systematic approach to investor relations management, enhancing communication with investors through various channels[159] - The company held its first temporary shareholders' meeting on March 21, 2024, with an investor participation rate of 72.54%[167] Employee Management and Remuneration - The total number of employees at the end of the reporting period is 434, with 424 in the parent company and 10 in major subsidiaries[187] - The company has a structured remuneration decision-making process involving the board's remuneration and assessment committee[179] - The total pre-tax remuneration for the chairman, Zhou Bingsong, is 1.2994 million CNY[180] - The company has implemented a salary policy that includes performance assessment and stock incentive systems to motivate employees[188] Financial Position and Investments - The company reported a total of ¥178,790,456.17 in inventory, maintaining a stable proportion of 11.50% of total assets[116] - The company raised a total of RMB 486.31 million from the issuance of 35.6535 million shares, with a net amount of RMB 430.68 million after deducting issuance costs of RMB 55.63 million[127] - The company has a principal balance of RMB 155 million in large-denomination certificates of deposit purchased with idle raised funds[128] - The company has signed a tripartite supervision agreement with the bank and sponsor for the management of raised funds[127]
炜冈科技(001256) - 2024 Q4 - 年度财报