2025-04-29 12:38Financial Performance - The company achieved a net profit attributable to shareholders of RMB 2,922,100,908.48 for 2024, a decrease of 17.70% compared to RMB 3,550,393,576.32 in 2023[6]. - Total operating revenue for 2024 was RMB 69,695,135,723.47, representing a year-on-year increase of 14.86% from RMB 60,676,613,395.82 in 2023[21]. - The basic earnings per share for 2024 was RMB 0.94, down 17.54% from RMB 1.14 in 2023[22]. - The total profit for the year was 3.884 billion RMB, a year-on-year decrease of 3.04%[29]. - The company reported a net profit of RMB 1,980,447,209.57 after deducting non-recurring gains and losses, down 23.11% from RMB 2,575,811,881.93 in 2023[21]. - The company plans to distribute a cash dividend of RMB 4.03 per 10 shares, totaling RMB 1,366,315,211.38, which is 46.76% of the net profit attributable to shareholders for 2024[6]. Assets and Liabilities - The company's total assets increased by 17.26% to RMB 142,009,284,851.87 at the end of 2024, up from RMB 121,108,373,341.62 in 2023[21]. - The company’s total liabilities for its major subsidiaries include RMB 503.42 million for Dongfang Electric Group Finance Co., Ltd. and RMB 283.68 million for Dongfang Turbine Co., Ltd.[76]. - Long-term receivables decreased by 89.14% to 21,879,107, compared to 201,486,860 last period[61]. - Long-term equity investments increased by 63.99% to 2,924,014, compared to 1,783,081 last period[62]. - Cash and cash equivalents at the end of the period were CNY 26,855,949,069.93, a 56.78% increase from the previous year[60]. Cash Flow - The net cash flow from operating activities for 2024 was RMB 10,059,491,408.32, a significant recovery from a negative cash flow of RMB -3,495,876,222.59 in 2023[21]. - The company recorded a net cash flow from operating activities of 4.016 billion RMB in Q4[24]. - The cash received from sales of goods and services increased by 22.10% to CNY 73,358,515,737.67 compared to the previous year[58]. Research and Development - R&D investment reached CNY 3.816 billion, accounting for 5.56% of revenue, with 507 new effective patents added during the reporting period[38]. - Research and development expenditure intensity was maintained at over 5%[29]. - The company achieved significant technological advancements, including the successful operation of the world's largest 26 MW offshore wind turbine and the development of a 500 MW impulse hydropower turbine model[30]. Market Position and Orders - The company had a backlog of orders amounting to 152.606 billion RMB, the highest level in history[29]. - New effective orders for 2024 amounted to 101.142 billion RMB, representing a year-on-year growth of 16.88%[29]. - The company’s market share in the offshore wind power sector exceeded 10%, with its subsidiary ranking 6th in new installed capacity among turbine manufacturers[29]. - The company achieved a market share of 41.6% in pumped storage and 45% in conventional hydropower, positioning itself among industry leaders[29]. Compliance and Governance - The company did not report any significant risks or non-compliance issues during the reporting period[9]. - The company has implemented a robust risk management framework, enhancing compliance and legal risk control across its operations[32]. - The company has established a comprehensive governance structure, including rules for shareholder meetings and board operations, ensuring transparency and accountability[92]. Environmental and Social Responsibility - The company has invested CNY 2,590.37 million in social responsibility projects, including CNY 2,490 million for rural revitalization in various counties[176]. - The company has implemented pollution prevention measures, focusing on energy consumption and pollutant discharge control from the source[167]. - The company has established a total of 28 green workshops and 8 provincial-level green factories, with 4 enterprises recognized as national-level green factories[173]. Strategic Initiatives - The company is focusing on digital transformation and smart manufacturing, with two factories recognized as exemplary smart factories by the Ministry of Industry and Information Technology[30]. - The company is committed to advancing its "11256" development strategy, which emphasizes the transformation of traditional industries and the rapid development of strategic emerging industries[81]. - The company plans to enhance its international market research and risk analysis, focusing on clean energy technology innovations to improve its global brand influence[89]. Human Resources - The total number of employees in the company and its main subsidiaries is 18,033, with 8,886 being technical personnel[120]. - The company is focusing on talent development through various training programs to enhance management and professional skills[122][123]. - The number of R&D personnel was 4,272, constituting 23.7% of the total workforce[57].