002709SZSE

Progress Announcement on the "Quality Return Dual Improvement" Action Plan

✨ AI Summary

The company announces its "Quality Return Dual Improvement" action plan for 2025, focusing on specialization and global integration in the electric vehicle material industry. Key figures include a projected 44% sales increase, 8.45 million yuan in R&D investment, and 1,300 patent applications. Material outcomes involve enhancing investor returns through dividends (0.50 yuan/share in 2025) and share repurchases, aiming for a 39.38% profit margin in 2024 and a total cash dividend of 1.01 billion yuan in 2025.

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Full Translation

AI Translation· azure_openai

In response to the "required dialogue on investment" proposed by the central government and the Ministry of Finance, the company will enhance its quality and investment returns. It aims to provide effective guidance to investors and ensure the security of their investments. The company will publish an announcement regarding the "Quality Return Dual Improvement" action plan on February 6, 2024 (Announcement No. 2024-010), detailing its progress for 2025.

Focus on Specialization and Global Integration

The company is committed to the development strategy of "specialization and global integration," steadily deepening its involvement in the electric vehicle material industry. In 2025, the company will continue to lead research in the field of new materials, focusing on the integration of local and global capabilities. During this period, the company expects a 44% increase in sales, with significant contributions from the North American and European OEM markets.

Innovation and Competitive Strength

The company plans to increase R&D investment by 8.45 million yuan, maintaining a growth rate of 5.09% in 2025. It will enhance its intellectual property management and apply for 1,300 patents by December 31, 2025, to strengthen its competitive edge in the global market.

Setting High-Quality Development Goals and Strengthening Internal Controls

To promote high-quality development, the company will revise its internal governance structure and enhance its management systems. It will ensure that the board of directors and relevant committees are actively involved in the company's governance, providing necessary oversight and support.

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