苏豪弘业(600128) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 reached ¥7,160,312,490.05, representing a 6.56% increase compared to ¥6,719,530,584.65 in 2023[21] - Net profit attributable to shareholders for 2024 was ¥33,412,857.99, a 2.38% increase from ¥32,635,564.71 in 2023[21] - The net profit after deducting non-recurring gains and losses was ¥10,436,815.11, up 8.95% from ¥9,579,804.54 in 2023[21] - The basic earnings per share for 2024 was ¥0.1354, reflecting a 2.38% increase from ¥0.1323 in 2023[21] - The diluted earnings per share for 2024 also stood at ¥0.1354, consistent with the basic earnings per share[21] - The weighted average return on equity for 2024 was 1.5777%, showing a slight increase from 1.5582% in 2023[21] - The total profit for the year was RMB 85.27 million, representing a year-on-year growth of 39.29%[30] - The company achieved a total revenue of 7.16 billion RMB, representing a year-on-year growth of 6.56%[44] Assets and Liabilities - The company's total assets as of the end of 2024 were ¥6,016,329,131.01, a 1.52% increase from ¥5,926,389,975.45 at the end of 2023[21] - The net assets attributable to shareholders at the end of 2024 were ¥2,124,247,335.56, a 0.61% increase from ¥2,111,269,168.30 at the end of 2023[21] - The asset-liability ratio stood at 54.73%, maintaining a reasonable level[30] - The total amount of trading financial assets as of December 31, 2024, was 126,374.18 million yuan, with other equity instrument investments amounting to 14,734.67 million yuan, totaling 141,108.85 million yuan, which accounts for 23.45% of the company's total assets[194] Cash Flow - The cash flow from operating activities for 2024 was negative at -¥397,067,388.51, a significant decline from ¥295,049,993.76 in 2023[21] - The net cash flow from operating activities was -397,067,388.51 RMB, a decrease of 234.58% compared to the previous year[57] - The company's financing activities generated a net cash inflow of 110.66 million RMB, contrasting with a net outflow of 82.19 million RMB in the previous year[45] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥0.10 per share, totaling ¥24,676,750.00 based on the total share capital of 246,767,500 shares[6] - The cash dividend amount (including tax) for the current period is CNY 24,676,750.00, which accounts for 73.85% of the net profit attributable to ordinary shareholders of the listed company[123] - The cumulative cash dividend amount (including tax) over the last three accounting years is CNY 74,030,250.00[125] Research and Development - Research and development expenses increased by 25.26% to 5.53 million RMB, reflecting a focus on innovation[45] - The company’s R&D center has made significant advancements, with original pet products winning the 2024 "Great Wall Cup" Innovation Award, and new products showcased at major trade fairs[36] - Total R&D investment amounted to 6,425,888.61 RMB, which is 0.09% of operating revenue[53] - The company employed 46 R&D personnel, making up 6.14% of the total workforce[54] Market Expansion and Business Strategy - The company plans to expand into emerging markets such as South Korea, ASEAN, the Middle East, Africa, and South America, targeting an export value exceeding $28 million in 2024, doubling from the previous year[33] - The company is actively pursuing new business models and investment strategies to support its core trade operations and explore new market opportunities[40] - The company aims to deepen customer relationship management and expand into emerging markets such as Belt and Road Initiative countries and RCEP member states to counteract local market risks[85] Governance and Compliance - The company is enhancing its governance structure and risk management systems to improve decision-making and operational efficiency[37] - The company has established a comprehensive governance structure to ensure legal compliance and protect shareholder rights[88] - The internal control audit report for the reporting period received a standard unqualified opinion[129] Legal Matters and Risks - The company is involved in significant litigation, including a lawsuit against Meyer Holdings Limited, with a second instance pending judgment[148] - The company has ongoing litigation involving 1,098.29 million yuan, with the execution completed[150] - The company is facing no risks of delisting or bankruptcy as per the current reporting period[147] Compensation and Management - The total remuneration for the reporting period for key executives, including Ma Hongwei and Jiang Lin, includes the advance payment of 2024 basic and performance salaries, as well as the realization of 50% of the term incentive salary for 2021-2023[95] - The company continues to implement performance-based compensation strategies to align management incentives with company performance[95] - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to CNY 6.5689 million[102] Environmental and Social Responsibility - The company has invested CNY 3.5 million in environmental protection during the reporting period[133] - The company has implemented carbon reduction measures, resulting in a reduction of 272.23 tons of CO2 equivalent emissions[135] - The management team emphasized a commitment to sustainability, aiming for a 50% reduction in carbon emissions by 2030[96]