Financial Performance - The company's operating revenue for 2024 reached ¥1,111,028,051.42, representing a 54.62% increase compared to ¥718,551,780.39 in 2023[22]. - Net profit attributable to shareholders increased by 116.96% to ¥79,448,094.71 from ¥36,619,184.77 in the previous year[24]. - The net profit after deducting non-recurring gains and losses surged by 725.85% to ¥73,363,526.27, up from ¥8,883,403.10 in 2023[22]. - Basic and diluted earnings per share rose by 110.00% to ¥0.21, compared to ¥0.10 in 2023[23]. - The weighted average return on equity increased by 2.96 percentage points to 5.49% from 2.53% in the previous year[23]. - Total assets grew by 13.26% to ¥2,393,850,645.06 from ¥2,113,676,027.08 in 2023[22]. - The net assets attributable to shareholders increased by 6.34% to ¥1,495,248,829.99 compared to ¥1,406,151,094.07 in 2023[22]. - The gross margin for the manufacturing sector improved by 5.50 percentage points, reaching 23.88%[78]. - The sales revenue from submersible pumps was 805,559,544.89 CNY, with a gross margin of 25.19%, reflecting a year-on-year increase of 6.30 percentage points[78]. Dividend Distribution - The company plans to distribute a cash dividend of 0.08 CNY per share, totaling approximately 31.24 million CNY, which represents 39.32% of the net profit attributable to shareholders for the year[6]. - The cash dividend amount for the current year is 31,237,706.96 RMB, which accounts for 39.32% of the net profit attributable to ordinary shareholders[174]. - The cumulative cash dividend amount over the last three accounting years is 58,553,100.55 RMB, with a cash dividend ratio of 103.39% based on the average annual net profit[177]. Corporate Governance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[5]. - The company has not violated decision-making procedures for external guarantees[9]. - The company has not faced any issues with a majority of directors being unable to ensure the authenticity and completeness of the annual report[9]. - The board of directors consists of 7 members, including 3 independent directors, and adheres to governance regulations[134]. - The company emphasizes its commitment to corporate governance and transparency through regular updates and meetings with stakeholders[144]. - The company’s board and senior management pledged not to transfer benefits unfairly to other parties[200]. Market Expansion and Product Development - The company is focusing on expanding its market presence in North America and Europe through increased customer engagement and participation in international exhibitions[33]. - The company launched several new products, including the WQD sewage pump and QDX6-15-0.55PH265 high-lift clean water pump, enhancing efficiency and performance[36]. - The company plans to implement a five-year action plan centered around water pumps and cleaning tools, enhancing its comprehensive capabilities in R&D, production, and sales[118]. - The company aims to become a globally influential smart manufacturing brand, focusing on product technology advancement, energy saving, and sustainable development[116]. Research and Development - The total R&D expenditure for the period was CNY 27,096,220.45, accounting for 2.44% of operating revenue[87]. - The company has 91 R&D personnel, representing 8.22% of the total workforce[88]. - During the reporting period, the company developed 9 projects, successfully completed 7 results transformations, and applied for 25 patents, including 8 invention patents[89]. - The company has a strong focus on R&D, continuously launching new household pump products to meet market demands[65]. Environmental and Social Responsibility - The company invested 997,100 CNY in environmental protection during the reporting period[187]. - The company implemented carbon reduction measures, reducing CO2 equivalent emissions by 2,995.49 tons[189]. - The company donated a total of 250,000 CNY to the Ningbo Haishu District Charity Association[190]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[188]. Risk Management - The report includes a risk statement regarding forward-looking statements, cautioning investors about potential risks[7]. - The company has implemented measures to mitigate exchange rate risks, including settling transactions in RMB with key clients and engaging in forward foreign exchange contracts[131]. - The company anticipates global economic growth to remain at 2.8% in 2025, with potential risks from geopolitical uncertainties and market fluctuations[122]. Shareholder Engagement - The company actively engaged with investors, conducting multiple performance briefings and releasing a quality improvement action plan on June 19, 2024[39]. - The company held one annual and one temporary shareholders' meeting during the reporting period, ensuring compliance with legal requirements[133]. - The company’s management has committed to enhancing legal awareness to prevent future regulatory issues[152]. Internal Controls - The company has established a comprehensive internal control system that effectively safeguards shareholder interests[184]. - The company’s independent directors receive an annual allowance of 50,000 yuan, with travel and office expenses covered by the company[149]. - The company has established measures to avoid any competition with its controlling shareholders and related parties[200].
君禾股份(603617) - 2024 Q4 - 年度财报(更正)