Dividend Distribution - The company plans to distribute a cash dividend of 0.6 CNY per 10 shares (including tax) to all shareholders, with a capital reserve conversion of 4.5 shares for every 10 shares held[3]. - The total share capital for the dividend distribution is 204,714,480 shares[3]. - The company plans to distribute a cash dividend of 2 RMB per 10 shares, totaling 28,257,600 RMB (including tax) to shareholders[170]. - The total amount of cash dividends distributed accounts for 100% of the total distributable profits of RMB 42,452,944.80[172]. - The company will also increase its share capital by 4.5 shares for every 10 shares held, resulting in a total increase of 92,121,516 shares, raising the total share capital to 296,835,996 shares[172]. Financial Performance - The company's operating revenue for 2024 reached ¥7,233,459,929.44, representing a 25.24% increase compared to ¥5,775,688,009.60 in 2023[6]. - The net profit attributable to shareholders decreased by 46.05% to ¥30,143,274.30 in 2024 from ¥55,875,416.24 in 2023[6]. - The total assets at the end of 2024 were ¥2,794,850,245.29, a 5.10% increase from ¥2,659,306,717.51 at the end of 2023[6]. - The company reported a total revenue of 9,207 million for the period, with a significant increase of 13.34% compared to the previous year[1]. - The company reported a revenue increase of 15% year-over-year, reaching 500millioninQ32023[152].RiskManagement−Thecompanyemphasizestheimportanceofunderstandingtherisksassociatedwithfutureplansandforecasts[3].−Thereportincludesforward−lookingstatementsthatdonotconstituteacommitmenttoinvestors,highlightingtheneedforriskawareness[3].−Thecompanyhasoutlinedpotentialriskfactorsthatmayaffectitsfutureoperationsinthemanagementdiscussionsection[3].−Thecompanyisaddressingtheriskofdecliningdownstreammarketdemandbyexpandingintonewmarketsandincreasingcollaborationwithleadingindustryclients[116].−Thecompanyfacesinventoryimpairmentrisksduetomismatchedproductionsupplycyclesandcustomerdemand,leadingtopotentialsignificantlossesifinventorycannotbesold[117].GovernanceandCompliance−Allboardmembersattendedthemeetingtoreviewtheannualreport,ensuringaccountabilityforthereport′saccuracy[3].−Thecompanyhasastructuredgovernanceframeworkinplace,asdetailedinthecorporategovernancesectionofthereport[6].−Thecompanyadherestostrictgovernancepractices,ensuringcompliancewithrelevantlawsandregulationsinitsoperations[125].−Thecompanyhasestablishedanindependentfinancialaccountingsystem,enablingittomakeautonomousfinancialdecisionswithoutsharedbankaccountswithcontrollingshareholders[137].−Thecompanyhasestablishedacommitmenttoprotectthelegitimaterightsandinterestsofminorityinvestors[200].ResearchandDevelopment−Thecompanyisfocusingonoptimizingbusinessprocessesandupgradinginformationsystemstoimproveoperationalefficiency[39].−Thecompanyplanstoapplyfor5inventionpatents,9utilitymodelpatents,and16softwarecopyrights,enhancingitscoretechnologyadvantages[43].−Thecompanyiscommittedtocontinuousimprovementinitsperformanceevaluationandrewardsystemstofosterasustainabledevelopmentenvironment[167].−Thecompanyhasastrongcommitmenttoresearchanddevelopment,aimingtointroduceinnovativeproductsintheupcomingfiscalyear[1].−Researchanddevelopmentexpensesincreasedby1260 million, focusing on innovative technologies[152]. Market Strategy - The company is expanding its market share in industrial, automotive electronics, and new energy sectors, leveraging its technical and product resources[27]. - The company is actively pursuing market opportunities in sectors such as smart manufacturing and IoT, driven by national policies supporting semiconductor and electronic product consumption[31][32]. - The company aims to expand its product lines and strengthen cooperation with high-quality domestic manufacturers, particularly in AI, industrial, new energy, and automotive electronics sectors[51]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[1]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by 2025[152]. Operational Efficiency - The company is actively working on improving operational efficiency to maximize profitability[1]. - The company has strengthened its management and work models, optimizing team configurations and enhancing operational efficiency through AI technology integration[44]. - The company is focusing on reducing the complexity of AC-DC multi-output circuits to improve efficiency and attract more customers[71]. - The company has implemented a strategy to optimize inventory management and improve turnover rates to mitigate inventory risks[117]. - The company is enhancing credit management processes to ensure timely recovery of accounts receivable and minimize financial risks[118]. Shareholder Engagement - The company emphasizes the importance of investor rights and actively engages with shareholders through various communication channels[140]. - The company has provided opportunities for minority shareholders to express their opinions and protect their legal rights[171]. - The company has established a robust investor relations management system, enhancing transparency and protecting the rights of minority investors[140]. - The company has conducted multiple shareholder meetings, including a temporary meeting with a participation rate of 68.33%[141]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, organization, and business operations[134]. Employee Management - The total number of employees at the end of the reporting period is 473, with 220 in sales and 105 in technical roles[165]. - The company has established a comprehensive salary and performance management system to attract and retain talent, ensuring competitive and fair compensation[166][167]. - The training plan for 2024 focuses on enhancing the product knowledge and sales skills of frontline sales staff, as well as developing internal trainers[168]. - The performance evaluation mechanism for senior management is based on both company-level and individual-level performance criteria[179]. - The company aims to attract and retain talent through its incentive plan, aligning shareholder and employee interests[178].
