Kelida(SH:603828)2025-04-30 13:30Financial Performance - The company's operating revenue for 2024 was CNY 2,459,811,846.72, a decrease of 3.14% compared to 2023[21]. - The net profit attributable to shareholders increased by 106.69% to CNY 8,583,076.40 from a loss of CNY 128,384,525.80 in 2023[21]. - The basic and diluted earnings per share for 2024 were CNY 0.01, a significant improvement from a loss of CNY 0.22 in 2023, representing an increase of 104.55%[22]. - The cash flow from operating activities for 2024 was CNY 351,578,858.87, up 7.94% from CNY 325,703,021.74 in 2023[21]. - The total assets decreased by 13.29% to CNY 4,544,384,993.51 at the end of 2024 compared to CNY 5,241,157,769.81 at the end of 2023[21]. - The weighted average return on equity for 2024 was 1.16%, a recovery from -16.07% in 2023[22]. - The company reported a net profit of CNY 19,581,385.18 in Q1 2024, with a significant drop in Q2 to a loss of CNY 5,577,274.67[25]. - Non-recurring gains and losses totaled CNY 44,298,032.07 for 2024, compared to CNY 27,963,399.41 in 2023[28]. - The net profit attributable to shareholders for Q4 2024 was a loss of CNY 8,354,505.54, primarily due to increased credit impairment losses[26]. Corporate Governance - The company has received an unqualified audit report with an emphasis of matter from Zhongxing Caiguanghua Accounting Firm[4]. - The board of directors and supervisory board members have all attended the board meeting, ensuring the integrity of the report[4]. - The company has not violated decision-making procedures for providing guarantees to external parties[7]. - The company is actively enhancing its internal control management and governance structure, including the introduction of strategic investors and new board members[35]. - The company has appointed a new independent director, Jin Qing Bin, effective June 6, 2024[111]. - The company’s financial director and board member, Sun Zhen Hua, reported no shareholding changes and received a pre-tax remuneration of 410,000 CNY[112]. - The company’s monitoring committee chair, Zhou Hui Chun, received a pre-tax remuneration of 1,360,000 CNY, with no shares held[112]. - The company has established a fair and transparent performance evaluation standard and incentive mechanism for senior management[146]. Market and Business Strategy - The company is expanding its business segments, including building curtain walls, assembly decoration, and photovoltaic building integration, to enhance its market presence[41]. - The company is focused on providing complete solutions in photovoltaic building integration, transforming from a traditional construction company to a comprehensive service provider[47]. - The company aims to transition from traditional investment-driven growth to innovation-driven development, enhancing its core competitiveness through new technologies and business models[43]. - The company is focused on sustainable development by seizing market opportunities and enhancing project management quality[98]. - The company plans to increase investment in prefabricated construction and new energy businesses to improve overall profitability[99]. - The company aims to enhance its market position by focusing on "curtain walls + decoration" and expanding into prefabricated decoration, urban renewal projects, and photovoltaic building integration[95]. - The company is exploring potential mergers and acquisitions to enhance its competitive edge, targeting a 10% increase in market share within the next fiscal year[113]. Risks and Challenges - There are no significant risks that materially affect the company's operations during the reporting period, although macroeconomic fluctuations and policy changes are noted as potential risks[7]. - The company faces risks from macroeconomic fluctuations and policy changes that could impact its business operations and project timelines[100]. - The company is addressing risks related to accounts receivable and bad debts due to the industry's operational characteristics and economic slowdown[101]. - The company is exposed to risks from raw material price fluctuations, which could affect project profitability[103]. - The company acknowledges intense competition in the construction decoration industry, which may threaten its market share if it does not continue to enhance its capabilities[104]. Legal Matters - The company is currently involved in a significant lawsuit regarding a construction payment dispute, with RMB 28.0069 million in bank deposits frozen for 709 days[169]. - The company has initiated a lawsuit against an insurance company regarding a property insurance contract, with the first-instance hearing set for March 14, 2025[170]. - The company has filed for arbitration regarding a construction contract dispute with China Construction Second Engineering Bureau, with a ruling expected in 2024[173]. - The company has initiated legal action against Beijing Urban Construction Road and Bridge Group for unpaid obligations, with a court enforcement application submitted in July 2024[173]. - The company has multiple ongoing disputes with various parties, indicating a challenging legal environment affecting its operations[174][175]. Shareholder Information - The company reported a total of 468 employees in the parent company and 292 in major subsidiaries, totaling 759 employees[133]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period was 4.421 million yuan[119]. - The largest shareholder, Suzhou Keli Da Group, reduced its holdings by 30 million shares, holding a total of 151,677,942 shares, representing 25.45% of the total shares[200]. - The total shares held by Gu Longdi are 19,514,081, which is 3.27% of the total shares[200]. - The overall shareholder structure indicates a mix of institutional and individual investors, with several shares pledged or frozen[200]. Internal Control and Compliance - The company has committed to enhancing its internal control systems following the identification of risks and has ceased a project to mitigate potential losses[130]. - The internal audit department will enhance its oversight functions to ensure compliance with internal control standards and timely reporting of issues to the board's audit committee[149]. - The company is committed to adhering to all legal regulations and enhancing the reliability of its financial reporting[179]. - The company received a warning letter from regulatory authorities regarding the failure to timely perform board review procedures and information disclosure obligations for fundraising projects[180]. Research and Development - The company has established a design and research base, enhancing its capabilities in architectural design and project management[46]. - The company continues to invest in R&D across various areas, including technology products, personnel, and supply chain development[53]. - Research and development expenses amounted to 99,049,972.97 CNY, which is 4.03% of total operating revenue[66]. - The number of R&D personnel is 313, making up 41.2% of the total workforce[67].