AKL(SH:603722)2025-04-29 10:28Financial Performance - The company's operating revenue for 2024 was CNY 466,250,060.83, a decrease of 13.14% compared to CNY 536,763,980.64 in 2023 [25]. - The net profit attributable to shareholders for 2024 was CNY -19,651,067.54, representing a decline of 182.15% from CNY 23,920,372.62 in 2023 [25]. - The basic earnings per share for 2024 was CNY -0.22, a decrease of 181.48% compared to CNY 0.27 in 2023 [26]. - The total assets at the end of 2024 were CNY 1,257,010,925.87, an increase of 34.80% from CNY 932,519,380.92 at the end of 2023 [25]. - The company's gross margin declined due to intensified market competition and significant price reductions, impacting profitability [27]. - The company experienced a significant drop in net profit due to a decrease in product prices and market demand [27]. - The weighted average return on equity for 2024 was -2.53%, a decrease of 5.71 percentage points from 3.18% in 2023 [26]. - The company's net assets attributable to shareholders increased by 22.30% to CNY 931,064,509.90 at the end of 2024, compared to CNY 761,269,572.82 at the end of 2023 [25]. Cash Flow and Dividends - The company plans to distribute a cash dividend of 1 RMB per 10 shares, totaling 9,570,012.10 RMB (including tax) based on a total share capital of 95,700,121 shares [7]. - The net cash flow from operating activities increased by 95.73% to CNY 84,267,466.19 in 2024, up from CNY 43,053,526.05 in 2023 [25]. - The total cash dividend amount (including tax) for the most recent fiscal year was 9,570,012.10 RMB [173]. - The cumulative cash dividend amount (including tax) over the last three fiscal years was 53,538,762.1 RMB, representing a cash dividend ratio of 129.07% against the average annual net profit of 41,480,991.57 RMB [175]. - The company prioritizes cash dividends, aiming for a minimum of 20% of the distributable profit attributable to shareholders of the parent company to be distributed in cash annually [166]. Governance and Compliance - The company has established a robust governance structure, ensuring compliance with legal regulations and protecting shareholder rights [137]. - The company held its annual general meeting on May 17, 2024, where it approved the 2023 annual report and a three-year shareholder return plan for 2024-2026 [139]. - The company's board of supervisors consists of three members, including one employee representative, ensuring compliance and effective oversight of management [138]. - The company has established a dedicated investor relations management team to enhance communication with investors while adhering to disclosure regulations [138]. - No significant differences exist between the company's governance practices and the regulations set by the China Securities Regulatory Commission [138]. Research and Development - The company has filed for 16 national invention patents and holds 30 authorized national invention patents, showcasing its commitment to innovation [67]. - The company emphasizes R&D investment to improve product quality and production efficiency, aligning with its goal of developing high-value, high-tech products [66]. - The company is actively pursuing breakthroughs in biomedicine materials, targeting large-scale production capabilities for clinical applications [91]. - In 2024, the R&D department is working on 8 projects, including 4 newly established self-research projects aimed at developing high-value, high-tech barrier materials for various applications [101]. Market Strategy and Expansion - The company is expanding its market reach by establishing long-term partnerships with well-known enterprises and actively exploring international markets [64]. - The company established Akoli (Hong Kong) Limited to actively explore international markets and strengthen ties with existing high-quality foreign customers [36]. - The company is focusing on the development of advanced materials, including high-performance alloys and third-generation semiconductor materials, to enhance its innovation capabilities [91]. - The company is expanding its market presence in the new materials sector, particularly in eco-friendly coatings and high-value chemical products [92]. Environmental Responsibility - The company invested 827.49 million RMB in environmental protection during the reporting period [182]. - The company has no major environmental violations and all pollutant emissions are within the national and local standards [183]. - The company has established effective pollution control facilities and maintains compliance with environmental regulations [185]. - The company has implemented a carbon reduction strategy, utilizing its polyether amine products as key components in clean energy wind turbine blades [190]. Employee Management - The company has a total of 274 employees, with 163 in production, 15 in sales, 31 in technical roles, 5 in finance, and 60 in administration [159]. - Employee welfare initiatives include regular health check-ups and significant rewards for employees with over ten years of service, alongside educational subsidies for further studies [191]. - The company has implemented a salary policy based on job positions and performance, ensuring compliance with national and local regulations for employee benefits [161]. Risks and Challenges - The company faces risks from significant fluctuations in raw material prices, which could impact gross margins and profitability [132]. - The company has outlined potential industry and operational risks in the management discussion and analysis section of the report [9]. - The report includes a forward-looking statement risk declaration, cautioning investors about potential investment risks [8].