WXSJ(SH:603185)2025-04-29 15:05Financial Performance - The net profit attributable to shareholders for the fiscal year 2024 is -2,696,887,140.75 RMB, with an ending undistributed profit of 1,600,669,676.89 RMB[6]. - The net profit for the parent company in 2024 is -809,334,756.95 RMB, with an ending undistributed profit of -213,751,260.78 RMB[6]. - The company's operating revenue for 2024 was approximately ¥7.30 billion, a decrease of 38.42% compared to ¥11.86 billion in 2023[23]. - The net profit attributable to shareholders was a loss of approximately ¥2.70 billion in 2024, a decline of 464.16% from a profit of ¥740.57 million in 2023[23]. - The basic earnings per share for 2024 was -¥4.322, a decrease of 439.78% compared to ¥1.272 in 2023[24]. - The weighted average return on equity for 2024 was -22.57%, a decrease of 28.6 percentage points from 6.03% in 2023[24]. - The company reported a net cash flow from operating activities of approximately -¥993.41 million in 2024, a decline of 302.30% from ¥491.06 million in 2023[23]. - The company achieved operating revenue of ¥7,302,364,016.61 in 2024, a decrease of 38.42% compared to the previous year[45]. - Operating costs decreased by 21.62% to ¥7,836,737,453.17, reflecting the impact of industry overcapacity and intensified competition[47]. Corporate Governance - The board has decided not to distribute profits or increase capital reserves for the fiscal year 2024, considering the industry development and future funding needs[6]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures regarding external guarantees[8]. - The company adheres to strict corporate governance practices, ensuring compliance with relevant laws and regulations, and enhancing its internal control systems[96]. - The company actively engages with investors through various channels to gather feedback on its operations and strategies, ensuring transparency and protecting investor rights[98]. - The company maintains a clear separation from its controlling shareholder in terms of assets, personnel, and finances, ensuring independent decision-making and operational capabilities[99]. Research and Development - The company has initiated research and development on large-size thermal fields and low-oxygen N-type monocrystalline materials, achieving mass production with industry-leading oxygen content[33]. - The company has established a leading position in technology research and development, focusing on advanced production lines and TOPCon passivated contact technology to enhance cell efficiency and reduce costs[93]. - The company increased its number of R&D personnel to 635, which constitutes 10.00% of the total workforce[60]. - The company has allocated a budget of 10 million for research and development in the upcoming year[107]. Sustainability and Environmental Impact - The company is focused on sustainable development and has outlined its mid-to-long-term strategic planning[6]. - The company has established a "zero-carbon factory" certified by the China Quality Certification Center, achieving carbon neutrality in production processes[38]. - The company has achieved a reduction of 879,055.92 tons in carbon dioxide equivalent emissions through various carbon reduction measures, including the use of clean energy and carbon reduction technologies[151]. - The company has implemented pollution prevention facilities, including a wastewater reuse treatment station, a high-salinity wastewater treatment device, and a domestic sewage treatment station, all of which operated normally throughout the year[144]. - The company has actively pursued green production measures, including the construction of rooftop photovoltaic power stations to reduce carbon emissions and enhance energy efficiency[150]. Market and Sales Strategy - The company has expanded its sales network overseas to enhance global supply chain resilience amid changing trade environments[37]. - The company aims to expand its market presence in emerging regions such as the Middle East, Latin America, and Africa, which are becoming new growth points for the photovoltaic industry[86]. - The company has established strong relationships with downstream users in the photovoltaic industry, leveraging its customer resource advantages[43]. - The company is committed to enhancing customer experience and providing integrated solutions, ensuring rapid response to urgent customer needs[44]. Financial Management - The company has proposed to invest in a photovoltaic battery project with an annual production capacity of 16GW[100]. - The company plans to apply for a comprehensive credit limit from banks for the year 2024[100]. - The company has entrusted cash asset management with a total amount of RMB 21,106,881,828.43 from self-owned funds, with an expected annual yield of 3.05%[177]. - The company has no major litigation or arbitration matters reported for the current year[170]. - The company has no significant accounting errors or corrections reported[169]. Employee Management - The company has established a comprehensive salary management system to enhance employee motivation and efficiency[126]. - The company emphasizes employee training across three levels: company-wide, departmental, and job-specific[127]. - The total number of employees in the parent company and major subsidiaries is 6,347, with 4,009 in production roles[124]. Risk Management - The company recognizes the risk of macroeconomic fluctuations impacting the photovoltaic industry and is implementing strategies to mitigate these risks[89]. - The company faces risks from international trade disputes and policy adjustments, particularly due to import barriers imposed by some countries on Chinese photovoltaic products[90]. - The photovoltaic industry is experiencing structural overcapacity, leading to a rapid decline in product prices and a significant drop in industry profitability since 2023[91].