CEI(688128)2025-04-28 11:40Financial Performance - The company's operating revenue for 2024 reached ¥4,522,709,306.18, representing an increase of 8.39% compared to the previous year[20]. - The net profit attributable to shareholders for 2024 was ¥467,054,849.28, reflecting a growth of 13.89% year-over-year[20]. - Basic earnings per share for 2024 were ¥1.15, up 13.86% from ¥1.01 in 2023[22]. - The net profit after deducting non-recurring gains and losses was ¥394,000,312.58, which is a 5.98% increase from the previous year[20]. - The company's total assets as of the end of 2024 amounted to ¥7,407,451,702.02, a slight increase of 0.32% from the previous year[21]. - The company's revenue for the reporting period reached 467.009 billion yuan, representing a year-on-year growth of 9.22%[58]. - The company reported a significant increase in revenue, achieving a total of $500 million, representing a 20% year-over-year growth[197]. Dividends and Share Capital - The company plans to distribute a cash dividend of 5.00 CNY per 10 shares, totaling approximately 202.25 million CNY, which represents 43.30% of the net profit attributable to shareholders for the year 2024[5]. - The total share capital as of December 31, 2024, is 404,500,000 shares[5]. Audit and Governance - The company has received a standard unqualified audit opinion from the accounting firm[4]. - The management has confirmed the accuracy and completeness of the financial report[5]. - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations while enhancing transparency and investor relations[188]. - The company has a governance structure in place that complies with the Company Law and its Articles of Association[190]. Research and Development - The company's R&D investment for 2024 reached 358 million yuan, a year-on-year increase of 10.97%[41]. - Research and development expenses accounted for 7.93% of operating revenue, an increase of 0.19 percentage points compared to the previous year[22]. - The company has developed multiple quality evaluation technologies that are at the domestic leading level, including energy consumption product detection technology and electromagnetic compatibility testing technology[68]. - The company has achieved a leading position in the powder coating and resin materials sector, with annual production ranking among the top five in China[76]. Market Expansion and Strategic Initiatives - The company is actively pursuing international market expansion, particularly in "Belt and Road" countries, to drive international business growth[34]. - The company is focusing on high-growth emerging sectors such as smart new energy vehicles and healthcare, leveraging its established presence in the electronics sector[170]. - The company plans to continue expanding its market presence and investing in new technologies to enhance competitiveness[135]. - The company is actively expanding both domestic and international markets, aiming to enhance its brand recognition and local service capabilities abroad[183]. Risk Management - The company has established risk control measures for foreign exchange forward contracts to mitigate risks associated with exchange rate fluctuations[164]. - The company faces risks related to accounts receivable, with a diverse customer base requiring strong management capabilities[123]. - The company is exposed to macroeconomic risks, which could negatively impact its main business revenue and net profit growth rates[125]. Environmental and Sustainability Initiatives - The company is committed to supporting the national "dual carbon" strategy by developing a carbon emission database for key equipment products[45]. - The company is focusing on green manufacturing initiatives in response to national policies, enhancing its competitiveness in various sectors[106]. - The market for environmental-friendly coatings is expanding, with a shift towards powder and water-based coatings driven by national policies and market demand[66]. Employee and Management Changes - The company appointed Mr. Gu Zebo as the new Vice General Manager on June 26, 2024, to support its operational development needs[199]. - Mr. Han Baojin resigned from the position of Board Secretary on June 25, 2024, and Ms. Wang Liu was appointed as the new Board Secretary on June 26, 2024[199]. - The current management team is set to complete its term on January 25, 2025, with the selection process for the new management team already underway[200].