NOPOSION(002215)2025-04-24 13:00Financial Performance - The company's operating revenue for 2024 reached ¥5,288,197,241.74, an increase of 28.37% compared to ¥4,119,537,885.40 in 2023[15] - Net profit attributable to shareholders surged by 148.10% to ¥584,590,497.99 from ¥235,626,547.17 in the previous year[15] - The net profit after deducting non-recurring gains and losses increased by 167.68% to ¥511,132,288.63, compared to ¥190,946,531.77 in 2023[15] - The cash flow from operating activities improved significantly, totaling ¥1,305,652,295.51, a 104.09% increase from ¥639,748,333.74 in 2023[15] - Basic earnings per share rose to ¥0.5869, reflecting a 143.63% increase from ¥0.2409 in the previous year[15] - Total assets at the end of 2024 amounted to ¥11,229,976,236.79, a 3.33% increase from ¥10,867,931,839.75 in 2023[15] - Total revenue for 2024 reached ¥5,288,197,241.74, representing a 28.37% increase from ¥4,119,537,885.40 in 2023[56] - Fresh consumption business revenue surged to ¥2,139,163,680.37, a remarkable growth of 251.28% compared to ¥608,966,362.55 in the previous year[56] - The pesticide formulation business generated ¥2,312,778,439.25, a decrease of 4.46% from ¥2,420,724,286.95 in 2023[56] Strategic Focus - The company is focusing on the blueberry market as a strategic growth area, aiming to enhance planting levels and brand development for its blueberry products[30] - The company has established a comprehensive quality management system and supply capabilities to support its blueberry business, targeting major retail clients and expanding into first, second, and third-tier cities[30] - The company is implementing a strategy of integrating agricultural science and technology to enhance production efficiency and develop a comprehensive service system for agricultural production[28] - The company is leveraging new media platforms for marketing, enhancing the quality and quantity of service to large farmers through innovative promotional strategies[32] - The company is committed to a brand strategy centered around a major product/solution, aiming to strengthen its service capabilities for large farmers[31] Production and Capacity - The insecticide production capacity is 27,900 tons/year with a utilization rate of 74.70%, while the fungicide capacity is 18,000 tons/year with a 60.00% utilization rate[36] - The herbicide production capacity is 25,000 tons/year, currently under construction with an additional 1,000 tons/year planned[36] - The company has achieved a 73.88% increase in production capacity through the automation upgrades[1] - The company has successfully upgraded its production lines and completed new construction projects, enhancing operational efficiency[1] Research and Development - Research and development investment reached ¥150,352,410.27, a 22.80% increase from the previous year, with R&D expenditure accounting for 2.84% of operating revenue[68] - The number of R&D personnel increased by 29.33% to 269, with a notable rise in younger employees aged under 30[68] - A total of 14 new products were registered, and 347 projects for new compounds and conventional products were approved for development[51] - The company is actively involved in the development of new herbicides and fungicides, including innovative formulations and application methods[36] Environmental Compliance - The company has complied with various environmental protection laws and regulations, ensuring legal and regulatory compliance in its operations[186] - The company has established comprehensive waste treatment facilities to minimize negative environmental impacts during production[186] - The company received a renewed pollutant discharge permit valid until December 10, 2029, reflecting ongoing compliance with environmental standards[187] - The company is actively monitoring and evaluating new environmental regulations to ensure compliance in its production processes[186] - The company has not faced any administrative penalties from environmental authorities at any level in 2024, indicating strong compliance with environmental regulations[192] Governance and Management - The board of directors consists of 5 members, including 2 independent directors, ensuring compliance with governance standards[119] - The supervisory board is composed of 3 members, with a focus on overseeing financial reports and major investment decisions to protect shareholder interests[120] - The company has implemented a management structure that adheres to the company's articles of association and ensures no internal control issues exist[120] - The company has established a market value management system to protect the interests of stakeholders and enhance transparency in information disclosure[113] - The company maintains a high level of information disclosure and transparency, ensuring all shareholders have equal access to relevant information[122] Employee Development - The total number of employees at the end of the reporting period is 5,116, with 303 in the parent company and 4,713 in major subsidiaries[156] - The professional composition includes 1,905 production personnel, 2,008 sales personnel, 303 technical personnel, 261 financial personnel, and 639 administrative personnel[157] - The company implements a salary policy that emphasizes "performance-based" compensation, with different models for senior management, sales personnel, and other employees[158] - Training programs are organized for new employees, covering industry knowledge, corporate culture, and professional skills, with online platforms for continuous learning[159] Shareholder Engagement - The company held several shareholder meetings in 2024, with participation rates of 34.02%, 35.56%, 34.92%, 39.98%, and 34.26% respectively[126] - The company has actively engaged with institutional investors through multiple communication channels, including phone conferences and online meetings[112] - The company has established a robust organizational structure that operates independently, enhancing operational efficiency[125] Financial Management - The company plans to distribute a cash dividend of ¥3.5 per 10 shares, based on a total share capital of 1,005,191,310 shares[4] - The company has completed the use of all raised funds by the end of 2024, with total interest and investment income from the fundraising account amounting to ¥476,979.06 during the reporting period[89] - The company has not reported any issues or problems regarding the use and disclosure of raised funds[92] - The company has a plan for future stock grants based on performance metrics[128] Challenges and Risks - The company continues to face challenges in attracting and retaining talented professionals, emphasizing the importance of management capabilities and operational levels[109] - The company has a clear strategy for addressing risks related to agricultural product price volatility and raw material supply chain disruptions[110][111]