应流股份(603308) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 reached ¥2,513,461,464.22, representing a 4.21% increase compared to ¥2,411,934,403.59 in 2023[21] - The net profit attributable to shareholders of the listed company decreased by 5.57% to ¥286,380,775.62 from ¥303,263,111.42 in the previous year[21] - The net profit after deducting non-recurring gains and losses was ¥276,881,638.91, a slight decrease of 1.09% from ¥279,937,058.61 in 2023[21] - Basic earnings per share for 2024 decreased by 4.55% to CNY 0.42 compared to CNY 0.44 in 2023[23] - The weighted average return on equity fell to 6.33% in 2024 from 6.95% in 2023, a decrease of 0.62 percentage points[23] - The company's revenue for the reporting period reached RMB 2.51 billion, an increase of 4.21% compared to the previous year, while net profit attributable to shareholders was RMB 286 million, a decrease of 5.57%[42] - The company's net profit for 2024 was CNY 131,861,627.69, a decrease of 11.9% compared to CNY 149,689,103.33 in 2023[192] - Total comprehensive income for 2024 was CNY 133,815,263.75, down from CNY 148,742,323.81 in 2023, reflecting a decline of 10.0%[192] - Operating profit for 2024 was CNY 146,519,218.25, compared to CNY 164,933,016.10 in 2023, indicating a decrease of 11.2%[192] Cash Flow - The net cash flow from operating activities significantly dropped by 57.55% to ¥99,271,376.37 from ¥233,866,051.01 in the previous year[22] - The company’s cash flow from operating activities showed a significant improvement, with a net cash inflow of CNY 97.6 million in the fourth quarter[26] - Cash flow from operating activities for 2024 was CNY 99,271,376.37, significantly lower than CNY 233,866,051.01 in 2023, representing a decline of 57.6%[194] - Cash inflow from operating activities totaled CNY 2,305,368,840.58 in 2024, down from CNY 2,385,005,798.11 in 2023, a decrease of 3.3%[194] - Cash outflow from operating activities was CNY 2,206,097,464.21 in 2024, compared to CNY 2,151,139,747.10 in 2023, an increase of 2.6%[194] - Cash flow from financing activities generated a net inflow of CNY 683,929,359.20 in 2024, compared to CNY 229,393,191.76 in 2023, an increase of 198.5%[195] Assets and Liabilities - The total assets increased by 10.29% to ¥11,552,201,218.57 compared to ¥10,474,818,233.24 at the end of 2023[22] - The total liabilities increased by 114.23% for non-current liabilities due to the approaching maturity of long-term borrowings[57] - The company's total assets amounted to CNY 11,552,201,218.57 as of December 31, 2024, up from CNY 10,474,818,233.24 in 2023, representing a growth of approximately 10.3%[183] - Total liabilities reached CNY 6,484,679,283.92 in 2024, compared to CNY 5,539,224,422.29 in 2023, marking an increase of around 17.1%[182] - Long-term borrowings increased to CNY 2,235,066,164.39 in 2024, compared to CNY 2,008,292,053.38 in 2023, indicating a rise of about 11.3%[182] Research and Development - Total R&D investment amounted to ¥354,369,683.62, representing 14.10% of total revenue[52] - The total number of R&D personnel is 765, accounting for 15.29% of the company's total workforce[53] - Research and development expenses for 2024 were ¥304,884,687.20, compared to ¥293,264,421.19 in 2023, indicating a 4.67% increase[187] - The company added 40 invention patents and 38 utility model patents during the reporting period, totaling nearly 600 effective patents[29] Strategic Initiatives - The company plans to distribute a cash dividend of ¥0.07 per share, totaling approximately ¥47,532,550.87 based on a total share capital of 679,036,441 shares[6] - The company has signed strategic supply agreements with major international players, including GE Aviation and Siemens Energy, enhancing its global presence[30] - The company is actively involved in the development of high-temperature alloy products, significantly shortening core component procurement times[32] - The company plans to accelerate research on advanced heavy gas turbine blade technology and expand its aviation engine component offerings, alongside increasing R&D efforts in nuclear materials[68] Governance and Compliance - The company maintains a robust governance structure, ensuring compliance with relevant laws and regulations, and has not faced any regulatory penalties during the reporting period[72] - The board of directors is structured to ensure effective oversight and compliance with legal requirements, with various committees in place to enhance governance[73] - The company has established a transparent information disclosure system to ensure all shareholders have equal access to information, enhancing investor relations[74] - The company has established a compensation and assessment committee to align remuneration with industry standards and company performance[81] Environmental Responsibility - The company invested approximately $3.68 million in environmental protection during the reporting period[109] - The company has established noise control measures, with monitored noise levels at the factory boundary complying with the relevant standards[115] - The company has reduced carbon emissions by 13,500 tons through various measures, including the use of photovoltaic power generation and energy-saving technologies[120] - The company has implemented a self-monitoring scheme for environmental impact, with regular third-party assessments confirming compliance with national standards for pollutants[118] Shareholder Relations - The company successfully completed the share repurchase and cancellation, demonstrating commitment to protecting investor interests[36] - The total cash dividends paid over the last three fiscal years amounted to approximately$249.93 million[102] - The total amount spent on share repurchases and cancellations over the last three fiscal years was about $51.99 million[102] - The cumulative total of cash dividends and share repurchases over the last three fiscal years reached approximately$301.92 million, representing a cash dividend payout ratio of 91.37% of the average net profit of $330.44 million during the same period[102]