TKC(200512)2025-03-10 10:20Financial Performance - The company's operating revenue for 2024 was CNY 1,701,115,450.56, representing a 13.74% increase compared to CNY 1,495,632,805.41 in 2023[19]. - The net profit attributable to shareholders for 2024 was CNY 72,782,642.48, a decrease of 17.23% from CNY 87,937,274.85 in 2023[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 62,933,014.15, down 1.98% from CNY 64,205,388.70 in the previous year[19]. - The overall profit for 2024 was CNY 111 million, a decrease of 14.70% compared to the previous year[32]. - The company reported a significant increase in revenue, achieving a total of NT 500 million in R&D for new technologies, particularly in energy-efficient products[89]. - The company is investing 50 million CNY in R&D for new technologies, particularly in energy-efficient appliances[92]. Market and Sales Performance - Revenue from the small home appliance manufacturing segment was CNY 1.648 billion, accounting for 96.89% of total revenue, with a year-on-year growth of 16.32%[34]. - Revenue from the Americas region increased by 31.39% to CNY 847.41 million, representing 49.81% of total revenue[34]. - The company sold 15,441,544 units in 2024, an increase of 8.85% from 14,185,499 units in 2023[36]. - The company reported a significant increase in online sales, which accounted for 40% of total sales, up from 30% in the previous year[92]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.8 per 10 shares, based on a total of 185,391,680 shares[5]. - The company approved a cash dividend distribution plan for 2023, proposing a cash dividend of RMB 2.5 per 10 shares, totaling RMB 33,370,502.40, which represents 100% of the distributable profit[106]. - The company distributed dividends totaling 46,347,920.00 RMB during the period, which is a decrease from 56,270,985.18 RMB in the previous period[184]. Corporate Governance - The company adheres to legal requirements to ensure a sound governance structure and protect investor rights[79]. - The board of directors operates efficiently and makes scientific decisions, ensuring compliance with regulations[81]. - The company maintains independence from its controlling shareholders in terms of business, personnel, assets, institutions, and finance[84]. - The board of directors has approved a dividend payout of NT$ 0.5 per share, reflecting a commitment to returning value to shareholders[89]. Strategic Outlook - The company plans to enhance its product competitiveness in the smart home sector, focusing on innovative products to meet market demands[41]. - Future strategies include deepening relationships with strategic customers and expanding new customer orders, focusing on resource allocation to strategic partnerships[62]. - The company aims to enhance its presence in the Chinese market by leveraging online and offline marketing channels, targeting new consumer groups, and developing independent R&D systems for domestic products[62]. - The company is adapting to green development trends by focusing on energy-efficient and environmentally friendly products, enhancing its sustainable development capabilities[70]. Risks and Challenges - TKL faces international risks such as trade barriers and fluctuating market demand due to global economic conditions, but it is actively developing its overseas manufacturing base[66]. - Domestic challenges include rising labor costs and talent retention issues, prompting the company to invest in automation and improve working conditions[67].