COTRAN(SZ:300731)2025-04-28 15:55Financial Performance - The company's revenue for 2024 reached ¥958,126,136.62, representing a 71.53% increase compared to ¥558,570,814.06 in 2023[22]. - The net profit attributable to shareholders decreased by 32.12% to ¥17,279,483.78 in 2024 from ¥25,457,149.46 in 2023[22]. - The net profit after deducting non-recurring gains and losses increased by 63.81% to ¥12,717,698.58 in 2024 from ¥7,763,682.75 in 2023[22]. - The net cash flow from operating activities dropped by 79.49% to ¥13,616,943.72 in 2024 from ¥66,390,283.89 in 2023[22]. - Basic earnings per share decreased by 30.00% to ¥0.14 in 2024 from ¥0.20 in 2023[23]. - Total assets increased by 23.19% to ¥1,245,836,206.72 at the end of 2024 from ¥1,011,330,809.52 at the end of 2023[23]. - The net assets attributable to shareholders decreased by 1.96% to ¥602,041,472.69 at the end of 2024 from ¥614,087,905.40 at the end of 2023[23]. - The company reported a diluted earnings per share of ¥0.14 in 2024, down from ¥0.20 in 2023, indicating a decline in profitability[23]. - The company achieved a total operating revenue of 958.13 million yuan in 2024, an increase of 71.53% compared to the previous year[49]. - The net profit attributable to shareholders of the listed company was 17.28 million yuan, a decrease of 32.12% year-on-year[49]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 0.8 RMB per 10 shares to all shareholders, based on a total of 126,431,804 shares[4]. - The company has not proposed any bonus shares for the current financial year, indicating a focus on cash dividends[4]. - The company distributed cash dividends of 1 RMB per 10 shares, totaling 12,643,180.40 RMB (including tax) based on a total share capital of 126,431,804 shares for the fiscal year 2023[166]. - The company approved a cash dividend distribution plan of 0.8 RMB per 10 shares, totaling 12,643,180.40 RMB (including tax) for the fiscal year 2023[171]. - The company will ensure that the cash dividend plan is approved at the shareholders' meeting, adhering to legal regulations and company articles[195]. Governance and Compliance - The board of directors has confirmed that all members attended the meeting to review the annual report, ensuring accountability for the report's accuracy and completeness[3]. - The financial report is guaranteed to be true, accurate, and complete by the company's responsible personnel, including the CEO and accounting head[3]. - The company has a comprehensive governance structure, including a board of directors and a supervisory board, to oversee its operations[4]. - The company ensures independent operation from its controlling shareholder, maintaining autonomy in business and financial decisions[121]. - The company conducts shareholder meetings with a combination of on-site and online voting, ensuring minority shareholders' rights are respected[120]. - The company has established a robust audit committee to ensure compliance with regulatory standards and internal governance[160]. - The company has implemented a "Quality and Return Dual Improvement" action plan[117]. - The company has a complete and independent business system, capable of conducting operations without reliance on controlling shareholders[126]. - The company actively engages with stakeholders to balance the interests of shareholders, employees, and society, promoting sustainable development[124]. Risk Management and Future Outlook - The company emphasizes that forward-looking statements regarding future plans are subject to uncertainties and depend on various factors, including market conditions[4]. - The company has outlined potential risks and countermeasures in the management discussion and analysis section of the report[4]. - The report includes a detailed description of the company's future development outlook and associated risks[4]. - The company has indicated uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years[23]. - The company acknowledges risks related to rapid industry changes, raw material price fluctuations, and the challenges of integrating acquired entities[115]. Research and Development - The company has a strong focus on R&D, with its subsidiaries recognized as high-tech enterprises and possessing leading core technologies in the industry[46]. - The company has applied for 50 patents related to core technologies and has a strong technical accumulation in the industry[39]. - The R&D investment amounted to ¥46,433,168.39 in 2024, representing 4.85% of operating revenue, a decrease from 7.70% in 2023[81]. - The number of R&D personnel increased by 20.90% to 162 in 2024, with a significant rise in the number of personnel under 30 years old, which increased by 138.89%[81]. - The company is focusing on expanding its product range in the new energy sector, including waterproof products for photovoltaic and energy storage applications[80]. Market and Industry Trends - The company is positioned to benefit from the stable growth of downstream industries such as telecommunications, electricity, and automotive, which are critical for its product applications[31]. - The production and sales of new energy vehicles in China reached 12.888 million and 12.866 million units in 2024, representing a year-on-year increase of 34.4% and 35.5% respectively[35]. - The company’s polymer materials business is significantly influenced by raw material prices, which directly affect production costs and product sales prices[31]. - The company is actively pursuing technology innovation and market expansion in the thermal management systems sector, particularly for new energy vehicles and AI applications[54]. Employee and Talent Management - The company emphasizes a strong talent management system to attract and retain skilled professionals, enhancing its competitive advantage[47]. - The company has a comprehensive training system in place to enhance employee skills and align with organizational development needs[165]. - The company has implemented a performance-based compensation system to motivate employees and align with strategic goals[164]. - The company has 14 employees with master's degrees or higher, and 114 with bachelor's degrees, indicating a diverse educational background among staff[162]. Environmental and Social Responsibility - The report includes a section dedicated to environmental and social responsibility, highlighting the company's commitment to sustainable practices[5]. - The company has committed to sustainable development and environmental protection in its operations[182]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[181]. - The company conducts regular health check-ups for employees and promotes a healthy work-life balance through various activities[184]. Strategic Initiatives - The company plans to invest 90 million yuan in a new project for large-area cooling liquid cold plates to meet the demand from major clients like CATL[58]. - The company plans to adopt a dual-driven model of collaborative manufacturing and independent production and sales by 2025 to enhance sustainable growth[60]. - The company aims to enhance operational management capabilities and optimize procurement strategies to reduce raw material costs while ensuring timely product delivery[113]. - The company is pursuing an acquisition of Dongguan Zhaoke Electronic Materials Technology Co., Ltd., which is expected to enhance resource allocation and operational synergy upon completion[114].