四、公司现金流表现不错，具体原因是什么？ 公司现金流持续改善，主要得益于对应收账款回收速度的有效管控。具体 而言，公司在客户筛选方面实施了重要调整，此前优先与中建、中铁等国有大 型企业合作，近年来随着市场环境变化，在维持与国央企合作的同时，也开始 选择部分付款条件优良的民营总包客户，并在发货前要求较高比例的预付款， 从源头保障资金安全。此外，尽管部分下游客户仍面临一定压力，但从政策和 实际回款情况来看，今年付款节奏在逐步改善。另一方面，公司海外业务规模 稳步提升，其回款情况普遍优于国内，也对整体现金流的改善起到了积极推动 作用。 五、请问随着海外业务收入增长，汇率波动对公司的影响有多大？ 公司对汇率波动风险实施了有效管理，整体处于可控范围。针对不同海外 市场，我们采取了差异化的结算策略。在马来西亚、新加坡等已设立本地子公 司的地区，主要以当地货币进行结算和经营；而在中东、非洲等其他国家和地 区，则普遍采用美元作为结算货币。为进一步管控汇率风险，公司系统性开展 了锁汇操作，并同步运用远期锁汇等外汇衍生工具对冲汇率波动风险。多维度 措施协同下，尽管汇率存在一定波动，但整体上能够稳健应对国际金融市场变 化。 江西志 ...

Group 1: Financial Performance - In 2024, the company achieved a revenue of 2.526 billion yuan, a year-on-year increase of 12.88% [9] - The net profit for 2024 was 85.55 million yuan, with a year-on-year growth of 262.69% [9] - The cash flow from operating activities improved significantly, reaching 30.61 million yuan, an increase of 106.44% year-on-year [16] Group 2: Revenue Breakdown - In 2024, domestic revenue was 2.006 billion yuan, accounting for 79.42% of total revenue, with a year-on-year growth of 7.21% [4] - Overseas revenue reached 520 million yuan, representing a year-on-year increase of 41.85% [4] - The aluminum template and protective platform business generated 1.638 billion yuan, accounting for 64.83% of total revenue, with a growth of 3.95% [2] Group 3: R&D and Innovation - The company plans to increase R&D investment in new materials and technologies, focusing on aluminum alloy template systems and AI applications [2] - The company has developed a digital transformation strategy, including a comprehensive digital operation decision-making system and smart manufacturing systems [17] - The R&D team is recognized as a "National High-tech Enterprise," emphasizing its capability in providing integrated solutions for construction formwork systems [8] Group 4: Market Expansion Strategy - The company aims to achieve 1 billion yuan in overseas revenue by 2025, with a focus on Southeast Asia and the Middle East [13] - The marketing strategy will target first and second-tier cities in China, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area and Yangtze River Delta [14] - The company is actively exploring new markets in line with the "Belt and Road" initiative, enhancing its international presence [10] Group 5: Shareholder Returns - The profit distribution plan includes a cash dividend of 1 yuan per 10 shares and a stock bonus of 4 shares per 10 shares [3] - The company has completed its share repurchase plan, acquiring 5,027,700 shares, which is 2.0399% of the total share capital [6]