QUICK CO.,(603203)2025-04-29 07:05Financial Performance - The company's operating revenue for 2024 reached ¥945,089,608.47, representing a 19.24% increase compared to ¥792,598,367.22 in 2023[26]. - The net profit attributable to shareholders for 2024 was ¥212,200,274.40, an increase of 11.10% from ¥191,000,164.32 in 2023[26]. - The cash flow from operating activities for 2024 was ¥140,645,908.05, a decrease of 32.94% compared to ¥209,726,630.24 in 2023[26]. - The total assets at the end of 2024 were ¥2,013,628,019.7, reflecting a 13.24% increase from ¥1,778,241,387.1 in 2023[26]. - The basic earnings per share for 2024 was ¥0.85, up 10.39% from ¥0.77 in 2023[27]. - The weighted average return on equity for 2024 was 15.17%, an increase of 1.18 percentage points from 13.99% in 2023[27]. - The company reported a net profit of ¥59,806,994.81 in the first quarter of 2024[29]. - The company's revenue for the reporting period reached ¥945,089,608.47, representing a 19.24% increase compared to ¥792,598,367.22 in the same period last year[66]. - The operating costs increased to ¥486,054,863.64, up 16.37% from ¥417,681,621.26, reflecting a corresponding rise in expenses[66]. - The company reported a total cost of approximately ¥485.18 million, which is a 16.39% increase compared to the previous year[74]. Dividend Policy - The company plans to distribute a cash dividend of 6.50 CNY per 10 shares (including tax) to shareholders based on the total share capital minus shares held in the repurchase account[6]. - The cash dividend amount for the current year is 161,319,676.70 RMB, which accounts for 76.02% of the net profit attributable to ordinary shareholders in the consolidated financial statements[151]. - The company has a policy to distribute at least 20% of the distributable profits as cash dividends if the company is profitable and has positive retained earnings[144]. - The company’s cash dividend policy allows for a minimum of 80% cash distribution in profit allocation if it is in a mature stage without significant capital expenditure plans[145]. - The company’s cash dividend policy has been strictly implemented during the reporting period, ensuring the protection of minority shareholders' rights[147]. - The company’s profit distribution plan requires the board to consider industry characteristics, development stage, and operational model when proposing cash dividends[145]. - The company will conduct cash dividends annually, with the board able to propose interim cash dividends based on profitability and funding needs[144]. - Cumulative cash dividends over the last three fiscal years amounted to ¥559,854,678.50[153]. - The average annual net profit over the last three fiscal years was ¥225,526,848.08[153]. - The cash dividend payout ratio over the last three fiscal years was 248.24%[153]. Corporate Governance - The board of directors has confirmed that all members attended the board meeting[4]. - The company held one annual shareholders' meeting during the reporting period, ensuring compliance with legal requirements and equal treatment of all shareholders[116]. - The board of directors convened seven times, overseeing major operational decisions and maintaining independence from the controlling shareholder[117]. - The supervisory board met three times to oversee the actions of the board and management, ensuring financial accountability[117]. - The company adheres to strict information disclosure practices, ensuring transparency and equal access to information for all shareholders[117]. - The company is committed to continuous improvement in corporate governance and internal control systems to enhance operational standards[119]. - The remuneration decisions for directors and supervisors are subject to approval by the shareholders' meeting after being reviewed by the board[127]. - The company has a structured process for determining the remuneration of directors and senior management, which is reviewed by the remuneration and assessment committee[127]. - The company has implemented a stock repurchase and cancellation plan for certain restricted stocks due to performance assessment failures[122]. - The company has a total of 1,335 employees, with 940 in the parent company and 395 in major subsidiaries[140]. Market and Industry Insights - The company plans to expand its market presence and enhance its product offerings through new technology developments[1]. - The company is focused on providing IC chip packaging and testing services, targeting Tier 1 suppliers in the automotive industry[1]. - The retail penetration rate of new energy vehicles in China reached 47.6%, with sales exceeding 10.89 million units, a year-on-year growth of 41%[38]. - The global industrial robot market is expected to exceed $20 billion in 2024, with China accounting for 40% of this market[40]. - The global semiconductor market is projected to recover significantly in 2024, with sales expected to reach $628 billion, a year-on-year increase of 19%[46]. - The global silicon carbide (SiC) power device market is expected to exceed $2.6 billion in 2024, with a year-on-year growth of 32%, driven by the increasing penetration in the new energy vehicle sector[47]. - The global automotive camera market is projected to reach $8.6 billion in 2024, with the millimeter-wave radar market surpassing $15.1 billion, and the laser radar market reaching $692 million[44]. - The company has entered the supply chain of major clients like Nvidia and Xiaomi, enhancing its market position[38]. - The company is focusing on high-end equipment localization and has made significant technological breakthroughs in AI, smart wearables, and semiconductor packaging[37]. Research and Development - Research and development expenses rose by 20.29% to ¥132,809,261.00, compared to ¥110,410,785.20, indicating a strong focus on innovation[67]. - The company is focused on providing intelligent equipment solutions for precision electronic assembly and semiconductor packaging, leveraging 30 years of expertise in precision welding technology[106]. - The company is focusing on several key R&D projects, including a sealing transfer chamber for semiconductor packaging and an AI platform for industrial automation, with ongoing optimization and iteration[109]. - The company is developing a high-speed pre-set solder ball system aimed at achieving a placement speed of over 10 balls per second[110]. - The company is working on a dual-camera precision chip alignment and inspection system to address multi-dimensional alignment deviations[110]. - The company is developing a high-precision bonding head motion system to meet the precise control requirements in semiconductor packaging[110]. Risk Management - The company has detailed descriptions of industry and market risks in the report[8]. - The company has not disclosed any significant risks that would prevent the board from ensuring the accuracy and completeness of the annual report[8]. - The company faces risks from intensified market competition and potential declines in overall market demand due to international trade frictions[111]. - There is a risk of accounts receivable bad debts due to increased sales of high-priced electronic welding and automation equipment, necessitating improved customer credit management[113]. - The company faces inventory impairment risks as rapid demand changes in downstream sectors may render some raw materials obsolete, requiring cautious procurement forecasting[113]. - Tax incentives are critical, with subsidiaries enjoying a 15% corporate income tax rate and other tax benefits; changes in tax policies could significantly impact financial performance[113]. Environmental and Social Responsibility - The company invested 2.0348 million yuan in environmental protection during the reporting period[170]. - The company has reduced carbon emissions by approximately 1,260.88 tons through various energy-saving measures and the implementation of a solar photovoltaic power generation project, which generated 1,606,214 kWh of electricity in 2024[173][174]. - The company has committed to donating a total of RMB 100,000 to the Wujin District Charity Association from 2024 to 2028, with an annual contribution of RMB 20,000[175]. - The company emphasizes energy conservation and efficiency improvements as a foundation for enhancing economic benefits, implementing measures such as promoting energy-saving practices and optimizing energy structure[174].