GDTC(688186) 和讯财经·2025-04-26 05:15Core Viewpoint - The company, Zhangjiagang Wide Special Materials Co., Ltd., is changing the purpose of its share repurchase from employee stock plans to cancellation and reduction of registered capital, which will optimize its capital structure and enhance shareholder value [1][2]. Group 1: Share Repurchase and Capital Structure - The company plans to cancel 8,000,000 shares, which accounts for 3.73% of its total share capital, thereby reducing the total share capital to 206,242,233 shares and registered capital to 206,242,233 yuan [1]. - This cancellation is expected to improve earnings per share, enhance investor recognition of the company's profitability, and stabilize stock price performance [1][2]. - The reduction in share capital will help mitigate governance risks associated with excessive share dispersion and improve decision-making efficiency [1][2]. Group 2: Business Performance and Strategic Planning - The company is at a critical juncture of steady growth and transformation, achieving operating revenue of 4,003.145 million yuan in 2024, a year-on-year increase of 5.67%, with a gross margin of 16.43%, up by 2.11 percentage points [2]. - The growth is attributed to the release of capacity in gearbox components and improved utilization rates in offshore wind power casting projects, although challenges such as intensified industry competition and price pressures remain [2]. Group 3: Technological Innovation and R&D - The company emphasizes research and development as a core driver of growth, having added three core technologies and accumulated 214 authorized patents by 2024 [3]. - The capital released from the share cancellation will be redirected towards R&D, supporting the development of new technologies and products, such as the successful batch production of onshore 10MW wind power castings [3]. - This strategic move is expected to enhance the company's competitiveness in high-end equipment manufacturing and support its market positioning during the renewable energy transition [3].