ZANYU TECHNOLOGY(002637) 新浪财经·2025-04-21 16:43Core Viewpoint - Zanyu Technology Group Co., Ltd. reported a complex financial situation for the year 2024, with a significant increase in net profit excluding non-recurring gains, while operating cash flow declined sharply [1] Financial Performance Summary - Revenue for 2024 reached 10,791,534,384.26 yuan, a 12.27% increase from 9,611,722,875.37 yuan in the previous year [2] - The daily chemical business generated revenue of 4.501 billion yuan, up 32.43%, with a gross margin of 6.57%, an increase of 1.52 percentage points, and sales volume growth of 40.15% [2] - The oil chemical business reported revenue of 6.121 billion yuan, a 3.1% increase, with a gross margin of 6.69%, up 0.21 percentage points, but a sales volume decline of 5.28% [2] Profitability Analysis - Net profit attributable to shareholders was 135,332,120.95 yuan, a 53.99% increase, while net profit excluding non-recurring gains surged 207.27% to 113,183,828.34 yuan [3] - The increase in net profit was driven by rising raw material prices leading to higher product prices and increased main business profits [3] - Non-recurring gains totaled 22,148,292.61 yuan, including asset disposal gains and government subsidies [3] Earnings Per Share - Basic earnings per share rose to 0.29 yuan, a 52.63% increase from 0.19 yuan in the previous year, while diluted earnings per share also reflected improved profitability [4] Expense Analysis - Overall expenses remained stable, with sales expenses at 57,338,948.30 yuan, up 4.46%, management expenses down 1.56% to 215,942,579.58 yuan, and R&D expenses at 96,877,197.93 yuan, up 2.34% [5] - Financial expenses decreased significantly by 25.49% to 80,717,367.27 yuan, benefiting from lower interest rates and currency depreciation [5] Cash Flow Situation - Operating cash flow net amount was 320,602,607.52 yuan, down 40.96%, with cash inflows increasing by 4.08% and outflows by 6.34% [6] - Investment cash flow net amount was -161,760,258.18 yuan, up 63.00%, mainly due to reduced cash payments for long-term asset purchases [6] - Financing cash flow net amount was -543,530,776.98 yuan, down 487.98%, primarily due to bank loan repayments [6] R&D Investment - R&D investment amounted to 96,877,197.93 yuan, a 2.34% increase, representing 0.90% of revenue [7] - The number of R&D personnel decreased by 12.27% to 193, which may impact future innovation capabilities [8]