SF Diamond(SZ:300179)2025-03-27 12:50Financial Performance - The company reported a total revenue of 482,787,630 RMB for the fiscal year 2024, with a cash dividend of 2 RMB per 10 shares distributed to shareholders[10]. - The company's operating revenue for 2024 was ¥524,989,654.21, a decrease of 3.19% compared to ¥542,292,642.06 in 2023[27]. - The net profit attributable to shareholders for 2024 was ¥117,608,028.01, down 14.52% from ¥137,578,980.01 in 2023[27]. - The net profit after deducting non-recurring gains and losses for 2024 was ¥95,445,055.43, a decrease of 11.48% from ¥107,822,613.72 in 2023[27]. - The net cash flow from operating activities for 2024 was ¥24,741,256.72, a significant decline of 85.25% compared to ¥167,754,799.85 in 2023[27]. - The total assets at the end of 2024 reached ¥2,081,883,834.33, an increase of 21.49% from ¥1,713,568,787.62 at the end of 2023[27]. - The net assets attributable to shareholders at the end of 2024 were ¥1,225,571,642.71, reflecting a 1.75% increase from ¥1,204,521,110.12 at the end of 2023[27]. - The company reported a weighted average return on equity of 9.80% for 2024, down 2.39 percentage points from 12.19% in 2023[27]. - The company experienced a total of ¥22,162,972.58 in non-recurring gains for 2024, compared to ¥29,756,366.29 in 2023[32]. Market Strategy and Development - The company aims to enhance its market presence by leveraging continuous technological advancements and expanding its domestic and international markets[6]. - The company is focusing on the development and promotion of innovative products, addressing market acceptance challenges to achieve large-scale sales[8]. - The company is committed to enhancing its risk response capabilities through a dual-driven strategy of asset management and capital operation[6]. - The company acknowledges the complexities of the current macroeconomic environment and its potential impact on business operations[6]. - The company is positioned as a leading player in the domestic market for composite superhard materials, but its global market share remains low[37]. - The company plans to strengthen cooperation with financial institutions to manage exchange rate risks amid increasing international trade competition[10]. - The company is currently developing several new products, including high-performance diamond tools and CVD diamond technologies, aimed at enhancing product competitiveness[74]. - The company plans to focus on "import substitution + major customer strategy" for oil and gas extraction products in the short term, and to promote CVD diamond technology industrialization[94]. - The company aims to expand into multiple application fields based on downstream development trends, with a strategic core of "1+N industry layout"[94]. Research and Development - The company focuses on R&D and production of superhard materials, with applications in oil drilling, mining, and advanced manufacturing[45]. - The company has maintained a high level of R&D investment as a percentage of revenue since its listing, contributing to its strong technological capabilities[59]. - The company has established partnerships with renowned universities for research and development, enhancing its innovation capabilities[59]. - R&D expenses amounted to 6,247.92 million yuan, a slight decrease of 0.76% from the previous year[62]. - The number of R&D personnel increased by 15.08% year-on-year to 229 in 2024, with a significant rise in highly educated staff[74]. - The company intends to enhance R&D efficiency by focusing on key products and improving the entire process from planning to implementation[96]. Operational Efficiency - The company is implementing stricter credit management policies to mitigate the risk of bad debts as its business scales up[9]. - The company has established a comprehensive credit control system to shorten accounts receivable turnover days and improve capital turnover efficiency[9]. - Operating costs were 24,719.57 million yuan, down 6.01% year-over-year[62]. - Cash inflow from operating activities was 2,474.13 million yuan, significantly lower than the previous year's inflow of 14,301.35 million yuan[62]. - The company has developed a complete product system for oil and gas exploration, covering various geological structures, enhancing the economic efficiency of shale oil and gas extraction[47]. Sustainability and Corporate Governance - The company aims to deepen green sustainable development practices, focusing on ESG principles to enhance performance and support low-carbon development[95]. - The company updated its environmental and occupational health safety goals for 2025, focusing on compliance and performance evaluation[177]. - The company has implemented an emergency response plan for environmental incidents, enhancing its overall emergency capabilities[178]. - The company respects and protects the rights of stakeholders, promoting balanced interests among shareholders, employees, and society[114]. - The company has a structured compensation policy that includes fixed and variable components to align employee income with company performance[152]. Shareholder Engagement and Remuneration - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares (including tax) based on a total share capital of 485,908,830 shares, excluding shares held in the repurchase account[155]. - The total cash dividend to be distributed amounts to 96,488,206 RMB (including tax), consistent with the approved distribution plan[156]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 9.2194 million yuan[139]. - The remuneration for the chairman, Fang Haijiang, was 843,000 yuan, while the total for the general manager, Gao Hua, was 819,300 yuan[141]. - The company’s board of directors held a total of 7 meetings during the reporting period, with all members present at least once[144]. Internal Control and Compliance - The company has not identified any significant internal control deficiencies during the reporting period[172]. - The company maintained effective internal control over financial reporting as of December 31, 2024, according to the internal control audit report[175]. - The company has not faced any penalties from securities regulatory authorities for directors, supervisors, or senior management in the past three years[138]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[177]. - The company has fulfilled all commitments made by its actual controllers, shareholders, and related parties during the reporting period[184].