Financial Performance - The company's operating revenue for 2024 reached ¥376,834,740.01, representing a year-over-year increase of 6.55% compared to ¥353,678,514.13 in 2023[28]. - The net profit attributable to shareholders for 2024 was ¥48,265,721.61, reflecting a 12.10% increase from ¥43,056,850.34 in 2023[28]. - The gross profit margin improved to 21.32% in 2024, up from 17.52% in 2023[28]. - The total assets increased by 16.96% to ¥543,280,764.61 at the end of 2024, compared to ¥464,506,037.69 at the end of 2023[29]. - The total liabilities rose significantly by 60.58% to ¥165,778,413.45 at the end of 2024, up from ¥103,237,408.14 at the end of 2023[29]. - The net cash flow from operating activities for 2024 was ¥59,044,667.53, a substantial increase of 137.51% from ¥24,859,998.94 in 2023[29]. - The company reported a basic earnings per share of 0.60 in 2024, which is an 11.11% increase from 0.54 in 2023[28]. - The non-recurring net profit was ¥41,930,097.94, which is a significant increase of 48.40% year-over-year[48]. - The company's main business revenue grew by 10.68% to ¥354,802,085.11, while other business revenue decreased by 33.47% to ¥22,032,654.90[65]. Research and Development - The company obtained 5 new invention patents during the reporting period[8]. - The company holds a total of 38 patents, including 10 invention patents and 28 utility model patents, reflecting its commitment to R&D and technological innovation[39]. - The company has established an independent R&D department, focusing on key common technology innovations[45]. - The company’s R&D expenditure was ¥12,313,344.23, accounting for 3.27% of operating revenue, slightly down from 3.45% in the previous year[88]. - The total R&D expenditure for the top five projects is 6,283,101.18 yuan, with the largest project being the design and engineering technology for display and control circuit boards at 2,089,725.01 yuan[180]. - The company has established a collaboration with Nanjing University of Aeronautics and Astronautics for the development of display and control circuits, enhancing its innovation capabilities and promoting industrial upgrades[95]. Market Position and Strategy - The company is engaged in the manufacturing of PCBA electronic manufacturing services[22]. - The electronic manufacturing services (EMS) industry is experiencing robust growth due to increasing demand for digital products and technological advancements[51]. - The demand for PCBA services is shifting towards larger batch sizes, with the company positioned to meet this demand effectively[52]. - The automotive electronics sector is seeing increased demand due to advancements in autonomous driving and smart cockpit technologies[56]. - The company has established long-term cooperative relationships with several display and electrical brand manufacturers, enhancing its market position[40]. - The company is focusing on providing high-quality, customized services for "small variety, large batch" production, which aligns with market trends and customer needs[103]. - The company has expanded its automotive electronics product line, enhancing its competitiveness in the market[172]. Corporate Governance and Shareholder Relations - The company has no significant litigation or arbitration matters during the reporting period, ensuring stability in operations[120]. - The company has ensured that minority shareholders have sufficient opportunities to express their opinions and that their legal rights are fully protected[143]. - The company has actively managed investor relations, ensuring timely information disclosure and protecting shareholders' rights[200]. - The company held its first temporary shareholders' meeting in 2024, approving the relocation and optimization of the high-end electronic manufacturing (PCBA product) expansion project[123]. - The company has improved its corporate governance, ensuring compliance with laws and regulations without any violations reported[199]. Social Responsibility - The company has sponsored 100,000 yuan for the "Nanjing Bronze Cup Triathlon" event, demonstrating its commitment to social responsibility[99]. - The company has made a donation of 100,000 yuan to the Nanjing County Committee for the Care of the Next Generation, further emphasizing its social responsibility efforts[100]. Operational Developments - The company acquired 54,576.19 square meters of industrial land to better meet future development needs[6]. - The company has implemented a comprehensive procurement management system to ensure a stable supply of raw materials, which includes ICs, PCBs, and other components[41]. - The company has optimized its capacity expansion plan, changing the original "high-end electronic manufacturing (PCBA product) expansion project" to a "high-end electronic manufacturing (PCBA product) relocation project," which will further optimize production layout and capacity structure[109]. - The company has implemented a cash dividend distribution of CNY 5 per 10 shares for the 2023 fiscal year[145]. Employee Management - The company had a total of 290 employees at the end of the reporting period, down from 322 at the beginning, reflecting a reduction of 32 employees[157]. - The company has implemented a competitive salary and benefits policy, linking individual and team performance closely to remuneration[159]. - The company has implemented a comprehensive training program combining internal and external training to enhance employee skills and knowledge[161]. - The company’s performance evaluation system aims to reward outstanding employees and teams, promoting a performance-driven culture[160]. Financial Management - The company raised a total of CNY 190.4 million through non-public offering, with CNY 46,479,048.94 utilized during the reporting period[136]. - The total amount of loans from banks and non-bank financial institutions is CNY 88.38 million, with interest rates ranging from 2.8% to 3.85%[140]. - The company has changed the use of raised funds from "high-end electronic manufacturing (PCBA product) expansion project" to "high-end electronic manufacturing (PCBA product) relocation project"[136].
雅葆轩(870357) - 2024 Q4 - 年度财报