江苏华昌化工股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息 的真实、准确、完整。 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002274 证券简称：华昌化工 公告编号：2025-012 3.第一季度报告是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 √否 ■ （二） 非经常性损益项目和金额 √适用 □不适用 单位：元 ■ 其他符合非经常性损益定义的损益项目的具体情况 □适用 √不适用 公司不存在其他符合非经常性损益定义的损益项目的具体情况。 将《公开发行证券的公司信息披露解释性公告第1号一一非经常性损益》中列举的非经常性损益项目界 定为经常性损益项目的情况说明 □适用 √不适用 公司不存在将《公开发行证 ...

Financial Data and Key Metrics Changes - The company reported a 15% increase in net income and a 14% increase in earnings per share for FY 2024 [20] - Revenue remained relatively flat, with expenses increasing by about 2%, leading to a 3% decline in adjusted pre-provision net revenue [20] - Return on assets improved from 77 basis points in the prior year to 88 basis points in FY 2024 [20] - The efficiency ratio increased due to flat revenue and higher expenses, while charge-offs and credit quality remained strong at 10 basis points, significantly better than the industry average [21] Business Line Data and Key Metrics Changes - The bank's deposit franchise showed strong performance, with average non-interest bearing deposits as a percentage of total deposits higher than the top quartile in the industry [21] - Credit quality remained robust, with net loan losses staying very low, better than the top quartile [22] - The commercial real estate portfolio grew at a disciplined rate, with loss rates close to zero over the past five years [24] Market Data and Key Metrics Changes - The bank's capital position is about the median of its peer group, expected to strengthen as depreciation in the securities portfolio accretes back into capital over time [26] - The bank has consistently ranked among the best in customer relationships, receiving numerous awards since 2009 [27] Company Strategy and Development Direction - The company focuses on serving local communities and maintaining strong credit quality, with a particular emphasis on middle-market businesses [19] - The management is closely monitoring the economic environment, especially regarding tariffs and potential recession impacts, while aiming to support customers through challenging times [28] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the year ahead despite concerns regarding the economy and potential impacts from tariffs [28] - The company aims to maintain its strong credit culture to weather any economic challenges that may arise [23] Other Important Information - The bank's performance in FY 2024 reflected a recovery from the previous year's challenges, including the impact of bank failures on funding costs and net interest margins [20] - The bank's management structure is locally oriented, enhancing its ability to serve community needs effectively [19] Q&A Session Summary Question: What is the outlook for the commercial real estate portfolio? - Management noted that while there are concerns in the commercial real estate sector, particularly in office and multifamily segments, they do not anticipate material losses from their portfolio, which has been managed conservatively [24] Question: How does the bank plan to address potential economic downturns? - The bank intends to stay close to its customers and provide support during challenging times, leveraging its strong credit culture to navigate uncertainties [28] Question: What are the results of the recent shareholder votes? - All director nominees received over 97% approval, the appointment of Ernst and Young as auditors was approved by approximately 98%, and the executive compensation resolution received about 95% approval [30][31]

Core Insights - The company reported a mixed performance in revenue, profit, and cash flow for 2024, with significant changes in various financial metrics [1] Revenue - The company achieved a revenue of 4,695,947,539.30 CNY, a slight increase of 0.87% from the previous year [2] - The core revenue source is the casting business, contributing 462,075.48 million CNY, with a notable decline in ductile iron product revenue by 5.30% [2] - Domestic sales decreased by 0.98% to 388,394.93 million CNY, while international sales increased by 5.86% to 73,680.55 million CNY [2] Profit - Net profit attributable to shareholders rose by 29.55% to 623,809,070.27 CNY, largely due to non-recurring gains from the disposal of subsidiary equity [3] - Excluding non-recurring items, the net profit fell by 21.57% to 333,258,314.06 CNY, indicating underlying profit pressure from declining sales prices [3] Earnings Per Share - Basic earnings per share increased by 29.79% to 0.61 CNY, while the adjusted earnings per share decreased by 19.51% to 0.33 CNY, reflecting reliance on non-recurring gains [4] Expenses - Sales expenses significantly decreased by 59.18% to 16,255,033.77 CNY, attributed to a change in cost allocation [5] - Management expenses grew by 6.82% to 188,298,893.08 CNY, driven by increased asset depreciation and amortization [6] - Financial expenses decreased by 44.47% to -57,596,479.28 CNY, influenced by reduced foreign exchange gains and interest income [7] - R&D expenses fell by 12.09% to 227,436,636.07 CNY, raising concerns about future innovation capabilities [8] Cash Flow - Operating cash flow net amount decreased by 125.67% to -158,231,624.33 CNY, indicating potential liquidity issues [11] - Investment cash flow net amount increased significantly to 824,217,577.85 CNY, reflecting improved capital recovery [12] - Financing cash flow net amount decreased by 18.69% to 357,688,613.48 CNY, suggesting a cautious approach to funding [13] R&D and Personnel - The company maintains a stable R&D personnel structure with 308 employees, focusing on continuous technological innovation despite reduced R&D spending [10] Risks - The company faces risks related to raw material price fluctuations, market demand volatility, and potential operational challenges due to its significant fixed asset investments [14]

广东松发陶瓷股份有限公司（以下简称"松发股份"）近日发布2024年年度报告，各项财务数据呈现出复 杂态势。报告期内，公司营业收入增长33.34%，但仍未扭转亏损局面，归属于上市公司股东的净利润 为 -76,642,428.20元。同时，投资活动产生的现金流量净额同比下降2875.21%，筹资活动产生的现金流 量净额同比增长167.34%，这些数据背后反映出公司怎样的经营状况和潜在风险？本文将为您详细解 读。 关键财务指标解读 营收增长但仍处亏损营业收入：2024年公司营业收入为274,814,290.78元，较上年同期的206,093,753.84 元增长了33.34%。公司通过战略调整，在国内市场拓展大客户定制，国外市场同步增长，从而推动了 营收的增加。从季度数据来看，第一季度至第四季度营业收入分别为46,652,693.88元、67,339,106.87 元、67,090,936.90元、93,731,553.13元，呈现逐季上升趋势，表明公司市场拓展策略取得了一定成效。 净利润：归属于上市公司股东的净利润为 -76,642,428.20元，上年同期为 -116,998,288.52元，同比虽减 少亏损4 ...

高管薪酬情况董事长薪酬：董事长蒋生华报告期内从公司获得的税前报酬总额为118.00万元。总经理薪 酬：总经理蒋生华（兼任）报告期内从公司获得的税前报酬总额为118.00万元。副总经理薪酬：副总经 理王建平报告期内从公司获得的税前报酬总额为37.78万元，副总经理金超为48.33万元，副总经理范跃 飞未提及具体薪酬。财务总监薪酬：财务负责人范跃锋报告期内从公司获得的税前报酬总额未单独提 及。 费用控制有成效，但研发投入微降销售费用：2024年销售费用为3,475,531.11元，较上年的2,859,979.15 元增长21.52%。增长原因主要是销售人员薪酬及市场推广宣传费增加。公司为拓展市场，加大了销售 投入，这在一定程度上促进了营业收入的增长。管理费用：管理费用为18,947,454.30元，较上年的 16,593,374.57元增长14.19%。主要原因是管理人员薪酬及折旧及摊销费增加。随着公司业务规模的扩 大，管理成本有所上升，但整体增长幅度相对可控。财务费用：财务费用为 -15,998,031.85元，上年为 -20,306,399.34元。主要系本期利息收入及汇兑损益减少。虽然财务费用为负，表明公司 ...

| 属号 | 证券代码 | 证券名称 | 员工人均薪酬 | 员工人均薪酬 | | --- | --- | --- | --- | --- | | | | | イ [年度]2023 | [年度]2024 | | | | | [单位元 | [单位元 | | | 000531.SZ 樓恒运A | | > | 314,575.6404 298,715.8326 | 广州恒运企业集团股份有限公司（以下简称"穗恒运A"），这家创建于1987年的老牌能源企业，作为广州开 发区重要的国有控股上市公司，穗恒运A积极投身于新能源、金融、科技园区建设等多元化领域，通过参 股、控股20多家企业，构建起了多元化的业务版图。 然而，近年来穗恒运A的经营业绩却遭遇了一定挑战。根据最新财务数据显示，2024年穗恒运A实现归母净 利润1.67亿元，与2023年的2.93亿元相比，同比大幅减少43.15%。同时，2024年公司营业总收入为42.99亿 元，同比减少10.86%。这一显著下滑不仅反映了当前能源市场竞争的激烈程度，也暴露出公司在成本控制、 市场拓展等方面面临的压力。 在员工薪酬方面，穗恒运A也经历了一定的调整。根据数据显示，2023 ...