DBG(SZ:300735)2025-04-28 13:40Financial Performance - The company's operating revenue for 2024 reached ¥6,881,412,192.92, representing a 27.38% increase compared to ¥5,402,448,971.14 in 2023[5]. - The net profit attributable to shareholders decreased by 30.52% to ¥275,671,818.64 in 2024 from ¥396,738,611.16 in 2023[5]. - The cash flow from operating activities increased by 55.85% to ¥1,443,765,634.88 in 2024, up from ¥926,373,087.58 in 2023[5]. - The total assets at the end of 2024 were ¥8,219,596,738.57, a 9.08% increase from ¥7,535,093,925.24 at the end of 2023[5]. - The basic earnings per share for 2024 were ¥0.36, down 30.77% from ¥0.52 in 2023[5]. - The weighted average return on equity decreased to 5.66% in 2024 from 8.44% in 2023[5]. - In 2024, the company achieved a revenue of 6.88 billion yuan, representing a year-on-year growth of 27.38%[43]. - The net profit attributable to shareholders was 276 million yuan, a decrease of 30.52% compared to the previous year[43]. Dividend Distribution - The company plans to distribute a cash dividend of 2.5 yuan per 10 shares to all shareholders, based on a total of 767,460,689 shares[3]. - The company plans to distribute a cash dividend of 2.5 RMB per 10 shares, totaling approximately 191.87 million RMB for the 2023 fiscal year[89]. - The cash dividend policy requires a minimum of 40% of profit distribution to be in cash dividends during the mature stage of the company[137]. Corporate Governance - The report emphasizes the importance of accurate financial reporting and the responsibility of the board and management for the report's content[3]. - The company has established a comprehensive governance structure to ensure compliance and accountability[4]. - The company has a governance structure that includes a clear distinction between executive and non-executive roles[101]. - The company is committed to maintaining transparency in its governance practices and regularly updates its shareholder base on management changes[102]. - The company has a total of 4 independent directors, enhancing its governance and oversight capabilities[101]. - The company has revised its independent director system to improve corporate governance[89]. - The company is committed to maintaining effective governance and protecting the rights of all shareholders[125]. Risk Management - The company has outlined potential risks in its future development outlook, which can be found in the management discussion and analysis section[3]. - The company recognizes risks from international trade disputes and rising labor costs, and is actively seeking opportunities in overseas markets while enhancing automation to mitigate these risks[84]. Market Expansion and Acquisitions - The company is expanding its global footprint with the acquisition of All Circuits S.A.S. and plans to establish new manufacturing facilities in the Americas, Europe, and Africa[34]. - In April 2023, the company successfully acquired KuaiBan Electronics Technology (Shanghai) Co., Ltd., aiming to diversify its business in communication equipment and industrial control sectors[34]. - The company is expanding its global footprint by establishing manufacturing bases in Vietnam and Bangladesh to meet the demands of brand clients[45]. - The company aims to enhance its manufacturing capabilities and profitability by expanding its operations in India and accelerating the establishment of new manufacturing bases in Vietnam and Bangladesh[82]. - The company plans to deepen its global layout and accelerate the acquisition of French AC Company to expand its business in Europe, America, and Africa[80]. Research and Development - The company has invested nearly 500 million yuan in technological innovation and over 2 billion yuan in equipment upgrades over the past five years, with an annual growth rate of nearly 20%[39]. - The company has obtained 91 patents and 19 software copyrights, reflecting its strong focus on R&D and technological innovation[42]. - Research and development expenses increased by 7.13% to ¥137,868,685.04, indicating a focus on innovation[56]. - The company is investing in R&D, allocating $50 million towards the development of new technologies[116]. - The company has implemented a new apprenticeship system in collaboration with Guangdong Technician College to cultivate intermediate skilled workers[133]. Production and Operations - The company has achieved significant capacity improvements with the completion of its Huizhou Phase II production base and the smart production base project, enhancing overall production capacity[32]. - The company is constructing a new smart manufacturing base in Shenzhen, expected to be operational by 2025, further enhancing its production capacity and automation levels[32]. - The automation rate of the production line for consumer mobile products has increased by 30%, leading to a 20% improvement in efficiency and a 10% reduction in labor costs[59]. - The company has completed the development of an automated testing framework for production lines, enhancing testing efficiency and reducing production costs[58]. - The company has achieved a comprehensive integration of intelligent manufacturing processes, significantly improving product quality and reducing defect rates[59]. Employee Management and Training - The total number of employees at the end of the reporting period is 16,482, with 7,614 in the parent company and 8,868 in major subsidiaries[130]. - The employee composition includes 12,504 production personnel, 127 sales personnel, 2,866 technical personnel, 56 financial personnel, and 929 administrative personnel[130]. - The company has trained and assessed 5,491 skilled personnel, including 823 high-skilled talents, with 42 technicians and 40 senior technicians[133]. - The company has achieved a 100% training rate for new employees to familiarize them with company regulations and enhance quality, safety, and environmental awareness[132]. Financial Management - The company reported a significant increase in cash inflow from financing activities, totaling CNY 2,407,911,840.29, up 77.34% year-over-year[61]. - The company’s total assets included CNY 2,388,589,555 in cash, accounting for 29.06% of total assets, down from 31.98% at the beginning of the year[64]. - The company has entrusted financial management with a total of RMB 814 million in bank wealth management products, with an outstanding balance of RMB 40 million[196]. - The company does not have any entrusted loans during the reporting period[196]. Social Responsibility - The company is committed to social responsibility through charitable donations and educational support[89]. - The company actively participated in social responsibility initiatives, including donations to educational institutions and support for local community projects[156]. Compliance and Legal Matters - The company has not faced any penalties or rectification issues during the reporting period[177]. - There are no significant litigation or arbitration matters reported for the year[176]. - The company guarantees compliance with agreements related to related party transactions[170]. Board Meetings and Resolutions - The company held its annual general meeting on May 14, 2024, with a participation rate of 53.48%[99]. - The company held its 12th board meeting on April 22, 2024, and disclosed the resolutions on April 23, 2024[122]. - The 13th board meeting was held on July 5, 2024, with resolutions disclosed on July 8, 2024[122]. - The 14th board meeting took place on August 22, 2024, with resolutions disclosed on August 24, 2024[122]. - The 15th board meeting was conducted on October 21, 2024, with resolutions disclosed on October 23, 2024[122]. - The 16th board meeting is scheduled for November 25, 2024, with resolutions to be disclosed on November 26, 2024[122].