Core Viewpoint - Zhongding Company (SZ000887) reported a year-on-year increase in both revenue and profit for the year 2024, indicating strong financial performance and growth potential. Financial Performance - The company's operating revenue for 2024 was 18.85 billion yuan, a year-on-year increase of 9.33% compared to 2023 [1] - The net profit attributable to shareholders was 1.25 billion yuan, reflecting a growth of 10.63% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 1.08 billion yuan, up by 10.06% from the previous year [1] - Basic earnings per share were 0.95 yuan, an increase of 10.47% compared to 2023 [1] Profitability Metrics - The gross profit margin for 2024 was 22.82%, an increase of 1.10% year-on-year [2] - The net profit margin was 6.62%, up by 0.17% from the previous year [2] Expense Management - Total operating expenses for 2024 were 2.57 billion yuan, an increase of 138 million yuan compared to the previous year [2] - The expense ratio was 13.63%, a decrease of 0.47% year-on-year [2] - Sales expenses decreased by 9.57%, while management, R&D, and financial expenses increased by 7.16%, 7.97%, and 30.30% respectively [2] Employee Statistics - The total number of employees at the end of 2024 was 22,935, a slight decrease of 248 from the previous year [3][4] Executive Compensation - Total compensation for directors, supervisors, and senior management in 2024 amounted to 10.80 million yuan [6] - The highest-paid executive, Chairman and CEO Xia Ying Song, received 1.62 million yuan, a slight decrease from 1.65 million yuan in the previous year [6]
中鼎股份2024年净利增11%,董事长夏迎松年薪162万元、81岁父亲任董事