TOREAD(300005)2025-04-28 12:50Financial Performance - The company's operating revenue for 2024 reached ¥1,591,589,610.48, representing a 14.44% increase compared to ¥1,390,710,922.68 in 2023[18]. - The net profit attributable to shareholders for 2024 was ¥106,623,146.30, a significant increase of 48.50% from ¥71,797,891.26 in 2023[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥84,124,176.13, showing a remarkable recovery from a loss of ¥55,043,550.61 in 2023, marking a 252.83% improvement[18]. - The basic earnings per share for 2024 increased to ¥0.1253, up 53.18% from ¥0.0818 in 2023[18]. - The total assets at the end of 2024 were ¥2,588,996,229.30, a decrease of 1.79% from ¥2,636,219,792.91 at the end of 2023[18]. - The net assets attributable to shareholders decreased by 7.46% to ¥1,948,934,626.56 from ¥2,106,103,162.30 in 2023[18]. - The cash flow from operating activities for 2024 was ¥225,128,834.90, down 44.90% from ¥408,580,161.36 in 2023[18]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of ¥0.12 per 10 shares to all shareholders, based on a total share capital of 844,937,459 shares[5]. - The cash dividend policy for 2023 includes a distribution of CNY 0.24 per 10 shares, totaling CNY 20,278,495.08[192]. - The company plans to distribute CNY 10,139,249.51 as cash dividends for the 2024 fiscal year, at a rate of CNY 0.12 per 10 shares[195]. Market and Industry Trends - The total number of outdoor sports merchants in China reached 27,000 by the end of 2024, with a net increase of approximately 10,000 merchants, representing a growth rate of 51.86%[28]. - The online consumption in outdoor sports is projected to exceed ¥300 billion in total by 2024, with approximately 200 million participants[28]. - The outdoor industry is experiencing a trend towards multi-dimensional expansion, with online consumption evolving from leisure activities to fitness, culture, and social engagement[28]. - The global semiconductor market is projected to reach $635.1 billion in 2024, with a year-on-year growth of 19.8%[32]. - The global laptop market is forecasted to ship 174 million units in 2024, representing a year-on-year growth of 3.9%[35]. Research and Development - The company has established a leading independent intellectual property platform for polar simulation technology, supporting major national projects such as the Shenzhou series manned space missions[31]. - The company holds 200 patents related to touch IC technology, establishing a leadership position in advanced technology by the end of 2024[41]. - The company has a strong R&D team with over ten years of experience, holding 138 valid patents and participating in drafting 39 national and industry standards[51]. - The chip business R&D investment was 32.56 million yuan, accounting for 14.65% of the chip business revenue[57]. - The company is committed to sustainable development through investments in green packaging technology and next-generation packaging directions[44]. Product Development and Innovation - The company continues to focus on the development of innovative and eco-friendly materials, such as TiEF and SAFree, to enhance its product offerings[12]. - The company is developing multifunctional protective antibacterial materials aimed at enhancing safety and comfort for wearers, with project completion expected to improve brand competitiveness in the outdoor market[114]. - The company is currently collecting sales data and feedback for the 24SS hiking shoe launch to further optimize product performance[115]. - The company is committed to integrating scientific, health, and green development concepts into its product design and innovation strategies[115]. - The company is focusing on lightweight and functional designs to cater to the evolving demands of the mountaineering community[116]. Corporate Governance and Compliance - The company has implemented a robust internal audit system to ensure compliance and effective risk management, contributing to the achievement of operational goals[155]. - The company is committed to transparent information disclosure, ensuring that all investors have fair access to company information[155]. - The board of directors operates independently and adheres to legal and regulatory requirements, ensuring that all shareholders, especially minority shareholders, have equal rights[154]. - The company has established a market value management system and is in the process of implementing a valuation enhancement plan[151]. - The company has established an independent financial department with a complete financial accounting system, maintaining separate bank accounts and tax registrations, ensuring no financial dependency on controlling shareholders[158]. Employee and Training Initiatives - The company conducted over 40 training sessions nationwide, with approximately 5,000 participants and an average pass rate of 95%[56]. - The total number of employees at the end of the reporting period is 595, with 380 in the parent company and 215 in major subsidiaries[187]. - The company has established a training program to improve employee skills and job satisfaction, contributing to overall performance[190]. - The employee composition includes 178 technical personnel, 137 sales personnel, and 54 production personnel[187]. Strategic Partnerships and Market Expansion - The company plans to expand its chip product line and enhance customer relationships to support future growth[81]. - The company aims to enhance its investment strategies, leveraging expertise from its board members[165]. - The company is actively pursuing innovation in its product offerings to meet market demands[164]. - The company plans to accelerate overseas channel network construction, targeting Southeast Asia, Central Asia, and Eastern Europe for sales expansion[140]. - The company is exploring new product development and technological advancements to enhance its market competitiveness[170].