NBYS(600366)2025-04-29 12:00Financial Performance - The company's operating revenue for 2024 was CNY 5,041,454,741.96, a decrease of 6.11% compared to CNY 5,369,427,721.98 in 2023[24] - The net profit attributable to shareholders for 2024 was CNY 95,079,560.94, a significant recovery from a loss of CNY 227,427,656.44 in 2023[24] - The cash flow from operating activities for 2024 was CNY 854,579,363.16, down 21.37% from CNY 1,086,899,198.60 in 2023[25] - The total assets at the end of 2024 were CNY 9,023,322,287.45, an increase of 5.39% from CNY 8,562,120,814.38 in 2023[25] - The net assets attributable to shareholders at the end of 2024 were CNY 5,894,583,538.05, a slight decrease of 0.22% from CNY 5,907,747,464.15 in 2023[25] - The basic earnings per share for 2024 was CNY 0.0873, recovering from a loss of CNY 0.2085 in 2023[26] - The weighted average return on equity for 2024 was 1.60%, an increase of 5.4 percentage points from -3.80% in 2023[26] Revenue and Sales - The main business revenue for the company was CNY 4.556 billion, a year-on-year decrease of 2.56% due to declining sales prices[38] - The sales volume of neodymium-iron-boron permanent magnet materials reached 12,873 tons, a year-on-year increase of 19.33%[38] - In the new energy vehicle sector, the company generated approximately 2.328 billion yuan in sales, a year-on-year increase of 27.07%, capturing a market share of 23.44% in the domestic new energy passenger vehicle market[45] - The consumer electronics sector reported sales revenue of approximately 1.297 billion yuan, a year-on-year increase of 17.67%[46] - The industrial and other applications sector experienced a decline in sales revenue to approximately 932 million yuan, a decrease of 46.51% year-on-year[47] Production and Capacity - The company has established an annual production capacity of 21,000 tons for neodymium-iron-boron raw materials and 10,000 tons for grain boundary diffusion[39] - The production volume of neodymium iron boron finished products reached 13,383 tons, an increase of 29.15% year-over-year, while sales volume was 12,873 tons, up 19.33% year-over-year[56] - The company has an annual production capacity of 21,000 tons of high-performance neodymium iron boron magnets as of the end of the reporting period[50] Research and Development - The company authorized 4 invention patents and participated in 11 government projects, including 8 national-level projects[39] - Research and development expenses decreased by 34.45% to CNY 205,595,888.84, reflecting a strategic focus on cost management[52] - The total R&D investment was 205,595,888.84 CNY, accounting for 4.08% of operating revenue[64] - The company has made significant technological advancements in high-performance neodymium iron boron materials, securing multiple proprietary technology breakthroughs and patent protections[48] Market Strategy - The company is focusing on expanding its presence in the new energy vehicle, consumer electronics, and industrial applications markets, with strategic partnerships established with major clients[45] - The company is aligning its development strategy with trends in low-carbon, intelligent, and electrification, focusing on three main application areas: new energy vehicles, consumer electronics, and industrial applications[38] - The company emphasizes a customer-centric approach, aiming to provide high-quality, low-cost products and services while strengthening strategic partnerships with key clients[89] Environmental and Social Responsibility - The company invested CNY 11.75 million in environmental protection during the reporting period[149] - The company has achieved a 100% compliance rate for emissions during the reporting period[151] - The company implemented carbon reduction measures, achieving a reduction of 4,559.12 tons of CO2 equivalent emissions[158] - The company has committed to donating 600,000 CNY annually to the "Yunsheng Fund" for poverty alleviation projects over a 10-year period, continuing in 2023 and 2024[161] Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring the independence of its board and management from its controlling shareholder[94] - The company emphasizes the importance of transparent information disclosure, adhering to regulations for timely and accurate reporting[96] - The company received a warning letter from the China Securities Regulatory Commission in December 2024[111] Financial Management - The total amount of guarantees provided by the company, excluding subsidiaries, is 515,358,009.79 RMB, which accounts for 8.69% of the company's net assets[184] - The company has entrusted cash asset management with a total of 180,000,000.00 RMB in broker financial products and 300,000,000.00 RMB in bank financial products from raised funds[185] - The company has a cash management balance of RMB 230 million as of the latest report[196] Shareholder Information - The total cash dividend amount (including tax) for the current period is CNY 129,676,088.85, accounting for 135.48% of the net profit attributable to ordinary shareholders of the listed company[136] - The cumulative cash dividend amount over the last three accounting years (including tax) is CNY 218,815,915.55, with a cash dividend ratio of 293.92%[138] - The company reported a total shareholding of 2,137,300 shares at the end of the reporting period, a decrease of 491,000 shares compared to the beginning of the period[101]