Financial Performance - The company reported a revenue of 21.56 billion yuan, a year-on-year decrease of 18.67% [1] - The net profit attributable to shareholders was 248 million yuan, down 64.02% year-on-year [1] - Basic earnings per share decreased by 63.05% to 0.109 yuan [1] - Total assets as of the end of 2024 were 19.25 billion yuan, with net assets attributable to shareholders at 9.30 billion yuan [1] - The net cash flow from operating activities was 876 million yuan, an increase of 47.44% year-on-year [1] Business Segments - Revenue from spring flat steel was 1.58 billion yuan, a decline of 12.74%, with a gross margin of 12.16% [1] - Revenue from rebar was 8.40 billion yuan, down 5.78%, with a gross margin of only 1.25% [1] - The overall gross margin for the year was 3.78%, a decrease of 2.19 percentage points year-on-year [1] - Total sales, management, and financial expenses amounted to 747 million yuan, with management expenses decreasing by 23.76% to 471 million yuan [1] Management Changes - Liang Jianguo was elected as the chairman of the board on November 11, 2024, and also serves as the chairman of the strategy committee and a member of the nomination committee [3] - The previous chairman, Ju Qiping, no longer holds related positions following the board meeting [3] Company Overview - The company primarily engages in the processing of metallurgical raw materials, black metal smelting, and the manufacturing and sales of related products [3] - Key products include rebar, premium wire, automotive leaf springs, spring flat steel, and iron concentrate [3] - The company focuses on producing construction materials and automotive component steels [3]
方大特钢48岁董事长梁建国上任后首份年报:营收利润双位数下降