DHI(002487)2025-04-11 09:10Financial Performance - The company's operating revenue for 2024 was ¥3,779,650,570.21, a decrease of 12.61% compared to ¥4,325,081,969.61 in 2023[14] - The net profit attributable to shareholders for 2024 was ¥473,874,867.06, an increase of 11.46% from ¥425,157,196.53 in 2023[14] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥432,947,141.24, up 17.70% from ¥367,840,006.15 in 2023[14] - The net cash flow from operating activities increased by 33.97% to ¥1,083,450,989.85 in 2024, compared to ¥808,698,823.80 in 2023[14] - Basic earnings per share for 2024 were ¥0.74, a 10.45% increase from ¥0.67 in 2023[14] - Total assets at the end of 2024 reached ¥11,561,949,391.14, reflecting a 13.08% increase from ¥10,224,813,274.51 at the end of 2023[14] - The net assets attributable to shareholders increased by 5.18% to ¥7,272,009,260.74 at the end of 2024, compared to ¥6,914,166,614.83 at the end of 2023[14] - The weighted average return on equity for 2024 was 6.68%, an increase of 0.36 percentage points from 6.32% in 2023[14] - The company reported a net profit attributable to shareholders of 474 million CNY, an increase of 11.46% year-on-year, with a gross margin of 29.83%, up 6.59 percentage points, and a net margin of 12.54%, up 2.71 percentage points[54] - By the end of 2024, the company's operating cash flow net amount was 1.083 billion CNY, an increase of 275 million CNY compared to the previous year, with total assets of 11.562 billion CNY, up 13.08% year-on-year[55] Revenue and Market Performance - In 2024, the company achieved operating revenue of 3.78 billion CNY, a year-on-year decrease of 12.61%, while overseas revenue reached 1.73 billion CNY, accounting for nearly 50% of the wind power equipment segment's revenue[54] - The renewable energy segment saw a significant revenue increase of 63.95%, contributing ¥215.78 million in 2024 compared to ¥131.61 million in 2023[73] - The domestic revenue decreased by 21.60% to ¥2.05 billion, while export revenue increased slightly by 1.07% to ¥1.73 billion[74] - The company has secured nearly 2GW of floating projects with power purchase agreements, anticipating more tenders in 2025 across several European countries[68] - The company has expanded its presence in the European offshore wind market, successfully passing certification from major European clients and forming substantial business cooperation[56] Operational Developments - The company has established a global production capacity of over 3 million tons, with bases in China and plans for expansion in Europe and Southeast Asia[47] - The company has built a strong reputation and client base in Europe since entering the market in 2019, exporting products to over 30 countries[51] - The company has established three major offshore engineering bases, including the largest monopile manufacturing and export base in Penglai, which has received positive feedback from numerous overseas clients[63] - The company successfully delivered nearly 110,000 tons of various offshore wind power products to multiple projects in the UK, France, Denmark, and Germany, achieving timely and quality delivery[58] - The company is actively developing the next generation of floating foundation products in collaboration with leading international providers[44] Research and Development - The company is focused on enhancing product technology and quality while reducing costs through ongoing research and development efforts[89] - The company aims to strengthen its competitive position in the market by increasing investment in research and development[89] - The number of R&D personnel increased to 377 in 2024, a rise of 21.61% from 310 in 2023[91] - R&D investment amounted to ¥182,011,735.35 in 2024, down 28.79% from ¥255,605,750.57 in 2023, with R&D investment as a percentage of revenue decreasing from 5.91% to 4.82%[91] - The company is actively working on multiple research projects aimed at improving manufacturing processes and product competitiveness in the wind power equipment sector[89] Environmental and Sustainability Efforts - The company is committed to green and low-carbon development, focusing on accelerating the growth of the renewable energy sector[185] - The total green electricity generated by the company's operational wind farms reached 1.10 billion kWh, equivalent to a reduction of 571,300 tons of CO2 emissions[70] - The company has received EcoVadis bronze certification and aims to align its carbon reduction strategies with international climate goals[70] - The company reported a 10% reduction in overall emissions compared to the previous year, reflecting its commitment to sustainability[177] - The company is investing in new technologies to enhance emission control, targeting a significant decrease in VOC emissions in the next fiscal year[177] Governance and Management - The company maintained complete operational independence from its controlling shareholder, with no related party transactions or fund occupation issues[132] - The board of directors and supervisory board operated independently, with independent directors actively participating and providing independent opinions on proposals[133] - The company has a diverse board with independent directors, ensuring governance and oversight[144] - The management team is committed to driving the company's growth and operational efficiency in the coming years[147][148] - The company has established a robust information disclosure management system, ensuring timely and accurate information dissemination to all shareholders[136] Financial Management and Controls - The company has maintained effective internal financial reporting controls, with no significant deficiencies identified during the reporting period[169] - The internal control audit report confirmed that the company maintained effective internal control over financial reporting as of December 31, 2024[173] - The company has implemented strict risk management measures to mitigate market, liquidity, credit, operational, and legal risks associated with foreign exchange derivatives[103] - The company has a remaining amount of RMB 96,521.16 million in unused raised funds[108] - The company has established a special account storage system for the raised funds, ensuring all funds are stored in a dedicated account[106] Shareholder Relations - The company held 3 shareholder meetings during the reporting period, ensuring equal treatment of all shareholders and protecting the rights of minority shareholders[131] - The company plans to distribute cash dividends of RMB 1.82 per 10 shares, totaling RMB 116,070,381.52, based on a total share capital of 637,749,349 shares[165] - The cash dividend distribution policy is clearly defined in the company's articles of association, ensuring reasonable returns for shareholders[166] - The company reported a total distributable profit of RMB 2,730,774,919.62, with cash dividends accounting for 100% of the profit distribution[166] - The company has not reported any penalties from securities regulatory authorities for directors in the past three years[150]