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玖龙纸业(02689) - 截至二零二五年七月三十一日止月份的股份发行人的证券变动月报表

2025-08-01 04:13
股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致:香港交易及結算所有限公司 公司名稱: 玖龍紙業(控股)有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02689 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | HKD | | 0.1 | HKD | | 800,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 8,000,000,000 | HKD | | 0.1 | HKD | | 800,000,000 | 本月底法定/註冊 ...
玖龙纸业涨超4% 60亿元林浆纸一体化智能工厂项目正式签约重庆枢纽港产业园
Zhi Tong Cai Jing· 2025-08-01 03:31
据悉,江津作为重庆工业强区,聚集5000余家企业,产业聚集度高达98.4%。区内已形成废纸回收、造 纸到包装成品的完整产业链——仅本地废纸年供应量即超百万吨,配套企业集群使运输成本降低20%; 枢纽优势赋能:坐拥西部陆海新通道主枢纽地位,江津"水公铁"多式联运体系将企业辐射半径几何级放 大。 玖龙纸业(02689)涨超4%,截至发稿,涨4.63%,报4.52港元,成交额4299.04万港元。 消息面上,据纸引未来网报道,近日,玖龙纸业60亿元林浆纸一体化智能工厂项目正式签约重庆枢纽港 产业园。据介绍,西南地区纸包装需求旺盛,却长期受制于原料短板。高昂的进口纸浆物流成本与本地 规模化绿色浆源的缺失,成为区域造纸业发展的紧箍咒。玖龙纸业此次落子,以"浆纸一体化"模式直击 行业痛点:一期建设70万吨绿色制浆生产线,实现原料自主;二期规划100万吨高档纸生产线,完善产 业链闭环;智能物流加持:项目紧邻长江货运码头(直线距离)。 ...
港股异动 | 玖龙纸业(02689)涨超4% 60亿元林浆纸一体化智能工厂项目正式签约重庆枢纽港产业园
智通财经网· 2025-08-01 03:30
智通财经APP获悉,玖龙纸业(02689)涨超4%,截至发稿,涨4.63%,报4.52港元,成交额4299.04万港 元。 消息面上,据纸引未来网报道,近日,玖龙纸业60亿元林浆纸一体化智能工厂项目正式签约重庆枢纽港 产业园。据介绍,西南地区纸包装需求旺盛,却长期受制于原料短板。高昂的进口纸浆物流成本与本地 规模化绿色浆源的缺失,成为区域造纸业发展的紧箍咒。玖龙纸业此次落子,以"浆纸一体化"模式直击 行业痛点:一期建设70万吨绿色制浆生产线,实现原料自主;二期规划100万吨高档纸生产线,完善产 业链闭环;智能物流加持:项目紧邻长江货运码头(直线距离)。 据悉,江津作为重庆工业强区,聚集5000余家企业,产业聚集度高达98.4%。区内已形成废纸回收、造 纸到包装成品的完整产业链——仅本地废纸年供应量即超百万吨,配套企业集群使运输成本降低20%; 枢纽优势赋能:坐拥西部陆海新通道主枢纽地位,江津"水公铁"多式联运体系将企业辐射半径几何级放 大。 ...
港股收评:恒指5连升,大金融板块集体上攻,玖龙纸业涨超9%领跑纸业股
Ge Long Hui· 2025-07-24 08:45
Market Overview - The Hong Kong stock market experienced a slight decline in the afternoon, with the Hang Seng Tech Index falling by 0.05%, ending a five-day winning streak, while the Hang Seng Index and the China Enterprises Index rose by 0.51% and 0.18%, respectively, both recording five consecutive increases [1][2]. Sector Performance - Large technology stocks mostly turned down in the afternoon, with Baidu and NetEase dropping over 3%, Kuaishou down over 2%, while Tencent, Meituan, and Xiaomi saw slight increases [4][5]. - The financial sector showed strength, with major Chinese brokerage and insurance stocks actively rising, including China Galaxy, CITIC Securities, and China Life, which all had significant gains [6][8]. - The paper industry is experiencing a price adjustment wave, with Nine Dragons Paper leading the rise, increasing over 9% [6][15]. - Semiconductor stocks remained active, with TSMC raising its annual growth forecast to 30%, leading to increased activity in the semiconductor sector, including notable gains for Huahong Semiconductor and SMIC [6][10]. Notable Stock Movements - Nine Dragons Paper surged by 9.27%, followed by Chenming Paper and Lee & Man Paper, which rose by 8.45% and 5.17%, respectively, due to price hikes announced for corrugated paper and recycled cardboard [6][15]. - In the biopharmaceutical sector, stocks like Kangfang Biotech and WuXi AppTec saw increases of over 7% and 6%, respectively, driven by positive market sentiment [10][19]. - Apple-related stocks collectively rose, with notable increases for companies like Cowell and BYD Electronic, which gained over 5% and 4%, respectively [11][12]. - Solar energy stocks also performed well, with New Special Energy rising over 9% and Xinyi Solar increasing by nearly 8% [13][14]. Investment Insights - The market outlook suggests a generally upward trend for Hong Kong stocks, with a focus on structural opportunities. Analysts recommend attention to sectors benefiting from favorable policies, such as stablecoin concepts, innovative pharmaceuticals, and AI industry chains [21].
玖龙纸业(02689) - 2025 - 中期财报

2025-03-25 08:31
Financial Performance - The company reported a revenue of HKD 5.2 billion for the first half of 2024, representing a year-on-year increase of 12%[23]. - The company expects a revenue growth of 10-15% for the full fiscal year 2024[23]. - In the first half of FY2025, the sales volume increased by 14.0% year-on-year, reaching a new record high, contributing to a revenue increase of 9.3% year-on-year[57][59]. - The Group's revenue for the period was approximately RMB 33,464.6 million, representing an increase of about 9.3% compared to the same period last year[85]. - The increase in revenue was driven by a sales volume increase of approximately 14.0%, offset by a decrease in average selling price of approximately 4.1%[88]. - The Group's sales volume increased to 11.4 million tonnes from 10.0 million tonnes in the corresponding period last year, with a significant contribution from the China business[93]. - Gross profit for the period rose by 18.1% year-on-year, while net profit after tax surged by 124.9% year-on-year[76]. - Gross profit for the period was approximately RMB 3,194.3 million, an increase of about RMB 488.7 million or 18.1% from RMB 2,705.6 million in the same period last year[99]. - The gross profit margin improved to 25%, up from 22% in the same period last year[23]. Market Expansion and Product Development - User data indicates a 15% increase in customer base, reaching 1.2 million active users[23]. - New product lines, including eco-friendly kraftlinerboard, are set to launch in Q3 2024, targeting a 20% market share in the sustainable packaging segment[23]. - The company plans to expand its market presence in Southeast Asia, aiming for a 30% increase in sales in that region by 2025[23]. - A strategic acquisition of a local competitor is in progress, expected to enhance production capacity by 25%[23]. - Research and development investment increased by 18%, focusing on innovative paper products and sustainable practices[23]. Operational Efficiency - The company has implemented new operational strategies to reduce costs by 5% over the next year[23]. - The Group's production and business strategies have been actively adjusted to capture high-end markets, resulting in both sales volume and price increases[59]. - The Group aims to optimize procurement strategies to minimize the purchase price of major raw materials such as recovered paper and woodchips[70]. - The Group will utilize big data to drive innovation in management and closely track market dynamics to maximize profitability[70]. Financial Position and Management - The Group's net profit after taxation for the period increased by over 1.2 times year-on-year, leading the industry in profitability[62][65]. - The total annual design production capacity for paper amounted to 22.87 million tonnes, with downstream packaging plants having a capacity of over 2.86 billion sq.m[77]. - The Group's annual designed capacity for fiber raw materials will reach 8.19 million tons, including 5.43 million tons of wood pulp, 0.7 million tons of recycled pulp, and 2.06 million tons of wood fiber[63]. - The Group's treasury policy aims to minimize interest risk through loan refinancing and negotiation, with ongoing monitoring of the loan portfolio against current borrowing interest rates[134]. - The increase in shareholders' funds demonstrates the Group's stable financial position and effective capital management strategies[131]. Corporate Governance and Compliance - The Audit Committee has reviewed the interim report for the period, ensuring compliance with financial reporting standards[166]. - The Risk Control Committee is responsible for overseeing risk management and internal control processes, summarizing risks for discussion with the Board[165]. - The Corporate Governance Committee monitors compliance with legal and regulatory requirements and develops the company's governance policies[163]. - The company is committed to maintaining high standards of corporate governance and compliance with the Listing Rules[163]. Shareholder Information - The total number of issued ordinary shares as of 31 December 2024 is 4,692,220,811 shares[172]. - As of December 31, 2024, the total number of shares held by directors and chief executives amounts to 3,113,811,942 shares, representing approximately 66.36% of the company's total issued shares[171]. - The company’s major shareholders include trusts with significant holdings, such as The Cheung Family Trust and The Liu Family Trust, each holding over 37%[185]. - The company entered into a financing agreement in January 2023 for USD 475 million with a three-year term, requiring controlling shareholders to maintain at least 51% equity interest[195][200].
玖龙纸业20250228
2025-03-02 06:38
我是西部证券的汽车分析师齐天祥,也祝大家十年快乐。今年是我们第二场交换会,因为整个春节期间B-Trick还是比较火的。我也做了一些简单的学习,感觉它对整个技术路线,其实对算力的利用量也比较低,那么我们现在在装驾驶不落地的情况下, 其实对算力需求程序还是比较高的刚刚好今天我们也请到了一个行业的专家然后也跟大家再进一步的交流一下这个行业发展的一个未来的趋势包括整个DeepSeek对高阶支架落地的一个影响然后专家咱们刚刚也有一些交流也能请您稍稍介绍一下或者是您怎么来看DeepSeek它现在走的最后路线对整个高阶支架落地的一个 这个推动作用 嗯好嗯是这样的我认为可以从这个这个deepfake最近的话是玩爆那个啊美国的这个股市然后让他们这边的话是震动了很多然后的话我认为deepfake他其实对自家这块的影响其实可以从几个层面吧呃从三个层面四个层面吧第一个是技术层面的话技术层面的话他这个的话因为他的话他采取了一种开源的一种生态然后的话他这里面有几个核心的一个技术啊比方说专家系统啊专家模型啊然后多头注意力技术 这些技术路线这种技术去让他在那个对于算法的这个硬件层面上来说的话就是他需要更低的算力就能实现成那个GDP4欧一样的 ...
玖龙纸业(02689) - 2025 - 中期业绩

2025-02-27 10:14
Financial Performance - The group's sales increased by 14.0% to approximately 11.4 million tons[3] - Revenue rose by 9.3% to approximately RMB 33,464.6 million[3] - Gross profit increased by 18.1% to approximately RMB 3,194.3 million[3] - Profit after tax surged by 124.9% to approximately RMB 680.3 million[3] - Profit attributable to equity holders increased by 60.6% to approximately RMB 469.6 million[3] - Basic earnings per share rose by 66.7% to approximately RMB 0.10[6] - Total comprehensive income for the period reached RMB 889.2 million, compared to RMB 73.1 million in the previous period[8] - Operating profit for the period was approximately RMB 1,596.9 million, reflecting a year-on-year increase of 28.4% driven by higher gross profit[59] - Net profit after tax increased from approximately RMB 302.5 million in the same period last year to approximately RMB 680.3 million, an increase of about RMB 377.7 million or 124.9%[63] - Profit attributable to equity holders increased from approximately RMB 292.4 million to approximately RMB 469.6 million, an increase of about RMB 177.1 million or 60.6%, mainly due to increased revenue and gross profit[64] Revenue and Sales - Revenue for the six months ended December 31, 2024, was RMB 33,464,611 thousand, an increase of 9.6% from RMB 30,611,229 thousand in the same period of 2023[23] - Sales of packaging paper reached RMB 30,435,375 thousand, up 8.1% from RMB 28,146,246 thousand year-on-year[23] - Revenue for the period reached RMB 33,465 million, a year-on-year increase of 9.3%, primarily from the packaging paper business, which accounted for approximately 90.9% of total revenue[51] Costs and Expenses - The cost of raw materials and consumables used was RMB 26,067,923 thousand, an increase of 4.7% from RMB 24,903,111 thousand in the previous year[24] - Sales and marketing expenses increased by approximately 12.0% to RMB 1,244.7 million, attributed to expanded coverage and costs associated with new production lines in Guangxi[56] - Administrative expenses rose by about 17.1% to RMB 1,207.3 million, mainly due to additional management costs for expansion projects in Guangxi[58] - Financial expenses net increased by 27.8% to approximately RMB 771.7 million, primarily due to an increase in total loans to support expansion projects[60] Assets and Liabilities - Total assets increased to RMB 143,298.4 million from RMB 138,371.5 million[10] - Total liabilities rose to RMB 94,124.2 million from RMB 89,887.0 million[11] - The net book value of property, plant, and equipment as of December 31, 2024, was RMB 101,055,731,000, an increase from RMB 91,601,729,000 as of December 31, 2023, indicating a growth of 10.5%[36] - Total inventory as of December 31, 2024, was RMB 9,522,526,000, down from RMB 10,169,308,000 as of June 30, 2024, showing a decrease of 6.4%[37] - Trade receivables increased to RMB 4,109,623,000 as of December 31, 2024, from RMB 3,565,687,000 as of June 30, 2024, marking an increase of 15.2%[39] - The company's total loans as of December 31, 2024, amounted to RMB 68,318,900,000, compared to RMB 67,179,081,000 as of June 30, 2024, reflecting a slight increase of 1.7%[41] - Trade payables rose to RMB 5,627,419,000 as of December 31, 2024, from RMB 4,745,359,000 as of June 30, 2024, representing an increase of 18.5%[43] Taxation - Total income tax expense for the six months was RMB 251,871 thousand, a decrease of 14.7% from RMB 295,418 thousand in the same period last year[26] - Income tax expense for the period was approximately RMB 251.9 million, a decrease of about 14.7% or RMB 43.5 million compared to the same period last year[61] - The company's subsidiaries in mainland China are subject to a corporate income tax rate of 25%, with some qualifying for a reduced rate of 15%[27] Future Outlook and Strategy - The company is expanding its production capacity, with total designed annual capacity for fiber raw materials projected to reach 8.19 million tons and paper production capacity to 25.37 million tons after ongoing projects are completed[49] - Capital expenditures include investments in Guangxi and Hubei provinces, targeting an annual designed capacity of 3.05 million tons for pulp and 3.70 million tons for paper[50] - The company aims to enhance cost control and brand competitiveness through a deepened integration strategy in the pulp and paper sector, while also focusing on technological innovation and resource integration[74] - The company plans to drive quality improvement and efficiency through big data, while adhering to prudent financial strategies for sustainable development[74] - The board will continue to monitor the loan portfolio and compare existing loan spreads with current market rates to manage interest rate risks[71] Dividends - The company will not declare an interim dividend for the six months ended December 31, 2024[75] Accounting Standards - The group is currently assessing the impact of new accounting standards that have been issued but are not yet effective[20]
玖龙纸业20241210
21世纪新健康研究院· 2024-12-11 08:26
各位投资者大家下午好这一场九龙十夜的线上策略会的一个交流我是国进新工的尹昕岳近期呢其实我们也是看到了在整体造势板块这个旺季这个催化的情况下下班时有一定的这个回暖的一个迹象就是职场们其实也开始纷纷的扒拉涨价 那么今天我们也是很荣幸的邀请到了公司的I2总杨总来给大家做一个这个公司情况的一个分享那我们的这个会议还是分成两个部分第一部分还是请杨总这边做一个这个公司情况的一个更新还是一个行业展望那这个后续也开启投资者的Q&A的交流环节那好 那我们首先就有请杨总这边给大家做一个我们近期这个公司情况的一个回溯和梳理 那要不然…… 好的首先先跟大家简单介绍一下就是我们第三季度的一个基本情况第三季度的话就是从整个行业来看的话都是处于一个亏损的情况只有极少数的公司在第三季度是实现盈利的初步来看的话我们三季度是保持了盈利的趋势就是继2024财年之后继续是保持盈利的趋势不过这个盈利和销售的话都没有太好只是有微小的盈利 10月份的话就是从10月1日开始九龙就是率先提出涨价而且我们10月也是不停计的就是我们有董事长有判断到说今年的第四季度将会是今年最好的一个季度从10月份开始一直到现在11月底包括12月初我们都是持续的在推行涨价目前也涨 ...
玖龙纸业20241107
2024-11-07 16:26
Industry and Company Involved - **Industry**: Paper and pulp industry, specifically focusing on white card paper, cultural paper, and other paper products. - **Company**:九龙纸业 (Jiulong Paper Industry) Core Points and Arguments - **Capacity and Production**: As of the new fiscal year ending June 30, 2023, the company's wood pulp capacity is 2.38 million tons, wood fiber capacity is 2.06 million tons, and recycled pulp capacity is 700,000 tons. Chemical pulp capacity is 1.75 million tons, chemical mechanical pulp capacity is 1.3 million tons, and kraft pulp capacity is 1.3 million tons. [1] - **Domestic vs. Imported Wood Chips**: The company has been exploring domestic wood chip supply and has found it to be sufficient and cheaper than imported chips. The company's short-term strategy is to primarily purchase domestic wood chips. [2] - **White Card Paper Production**: The company has introduced a new paper machine for white card paper with a capacity of 1.2 million tons, which started production in September 2023. The company aims to gradually increase the sales volume of white card paper to 200,000 tons by fiscal year 2026. [4] - **Chemical Pulp Production**: The company has fully commissioned the 1.7 million tons of chemical pulp capacity at the Guangxi Beihai base, mainly producing kraft pulp with a small portion of chemical pulp. [6] - **Profitability**: The company is currently experiencing low profitability for white card paper due to low prices. However, the company expects the cost advantages to become more evident as prices increase. [7] - **Inventory and Sales**: The company's inventory levels have returned to a three-week level after a significant increase during the National Day holiday. Sales have improved, and the company has implemented several rounds of price increases. [11] - **Industry Outlook**: The company expects the market for white card paper and cultural paper to grow due to factors such as the ban on plastic bags and increased demand for high-end paper products. [28] Other Important Points - **Bank Loans**: The company's loans are primarily in RMB, with 98% of the total loans being in RMB and the remaining 2% in foreign currencies. The company's weighted average interest rate is around 3%. [13] - **Cash Flow**: The company's cash flow is negative due to changes in sales policies and increased inventory levels. However, the company expects the cash flow situation to improve as the policy changes and inventory levels stabilize. [15] - **Debt Policy**: The company's debt policy remains unchanged, with no new policies in place. [10] - **Dividend Policy**: The company's dividend policy is subject to the overall operating status, profitability, and loan repayment status. [21] - **Interest Income**: The company's interest income is expected to decrease due to the cancellation of the manual interest supplement policy and the company's focus on capital expenditure. [17] - **New Production**: The new white card paper machine is in the trial production stage and is expected to start generating significant revenue by June 2024. [18] - **Price Outlook**: The company expects the price of white card paper to increase by 100 to 200 yuan per ton in the fourth quarter. [19] - **Depreciation**: The monthly depreciation expense for the new white card paper machine is estimated to be around 4,000 to 6,000 yuan per ton. [21] - **Loan Structure**: The company's loans are primarily from state-owned commercial banks, with 80% of the loans coming from large state-owned banks. All loans are unsecured credit loans. [23]
玖龙纸业(02689) - 2024 - 年度财报

2024-10-22 08:47
Financial Performance - For the fiscal year ending June 30, 2024, the company reported revenue of RMB 59,496.4 million, an increase of 4.9% compared to RMB 56,739.4 million in the previous year[5]. - Gross profit surged to RMB 5,711.5 million, reflecting a significant increase of 273.2% from RMB 1,530.2 million in the prior year[5]. - Operating profit turned positive at RMB 2,645.1 million, compared to an operating loss of RMB 1,595.2 million in the previous year[5]. - The company achieved a net profit attributable to equity holders of RMB 750.7 million, a turnaround from a loss of RMB 2,383.4 million in the previous year[5]. - Total assets increased by 14.7% to RMB 138,371.5 million from RMB 120,651.0 million year-on-year[5]. - Total equity rose by 7.4% to RMB 48,484.5 million compared to RMB 45,136.4 million in the previous year[5]. - The gross margin improved to 9.6%, up by 6.9 percentage points from 2.7% in the previous year[5]. - In the fiscal year 2024, the group achieved a significant sales volume increase of 18.3% and a revenue growth of 4.9%, reaching RMB 59,496.4 million[27]. - The gross profit surged by 273.2% year-on-year, with the gross profit margin increasing by 6.9 percentage points, successfully turning a profit[27]. - The net profit for the fiscal year 2024 was RMB 793.9 million, a turnaround from a net loss of RMB 2,370.8 million in 2023[48]. Operational Efficiency - The company is enhancing its operational efficiency through comprehensive cost reduction measures and optimizing inventory management[24]. - The company is focused on high-value product development to enhance product competitiveness and market share[24]. - The company plans to enhance its market share and solidify its industry leadership through a focus on integrated pulp and paper strategies[47]. - The company is actively monitoring raw material supply and prices to improve resource utilization efficiency[27]. - The company is committed to sustainable development by implementing a comprehensive management system and promoting green low-carbon practices[24]. Product Offerings - The company offers a range of products including high-strength corrugated core paper with a basis weight range of 45-180 g/m², which helps reduce packaging weight and shipping costs[12]. - Coated white cardboard is produced with a basis weight range of 180-550 g/m², designed for high-quality printing applications such as packaging for consumer goods[12]. - The company provides food-grade white cardboard with a grammage range of 150-320 g/m², suitable for making various types of paper cups and food packaging[10]. - The environmentally friendly kraft paper is made from 100% recycled paper, catering to customers' cost-effective and eco-friendly requirements[10]. - The company has developed a range of new products to meet diverse customer needs, including lightweight and high-strength packaging solutions[19]. Capital Expenditures and Investments - Capital expenditures decreased by 27.6% to RMB 12,818.9 million from RMB 17,697.6 million in the previous year[5]. - The company plans to increase wood pulp production capacity by 3.05 million tons by 2025, with projects in Guangxi and Hubei provinces[29]. - The group plans to add a total annual production capacity of 3.70 million tons through expansion projects, expected to be completed between Q3 2024 and Q2 2025[30]. - The company has increased its capital expenditure for expanding production capacity of wood pulp, recycled pulp, and wood fiber, leading to a higher financial risk due to rising loan interest rates amid global inflation[64]. Environmental Sustainability - The company continues to focus on environmental sustainability by using recyclable waste paper as a primary raw material in its production processes[50]. - The company has implemented a waste water recycling rate of over 97.2% in the fiscal year 2024, maintaining a target of over 97.5%[72]. - The company has achieved a greenhouse gas density of 9,048 tons of CO2 equivalent per 10,000 tons of paper in the fiscal year 2024, down from 9,330 tons of CO2 equivalent in the fiscal year 2020[67]. - The company aims to reduce sulfur dioxide density to below 0.84 tons per 10,000 tons of paper by the fiscal year 2025, down from 0.94 tons in the fiscal year 2020[68]. - The company has recycled over 14 million tons of waste paper in both the fiscal year 2020 and the fiscal year 2024, with a target of over 16 million tons by the fiscal year 2030[73]. Risk Management and Governance - The company has established a comprehensive governance framework to address climate change risks and comply with stricter environmental standards[65]. - The board regularly reviews the company's overall strategy, risk management, and sustainable development issues, ensuring alignment with environmental, social, and governance (ESG) goals[54]. - The company has adopted the corporate governance code as per the listing rules, ensuring compliance throughout the fiscal year[179]. - The board of directors consists of 13 members, including 8 executive directors and 5 independent non-executive directors[180]. - The company has maintained a high level of attendance at board meetings, with the chairman attending all 5 board meetings[183]. Employee Welfare and Training - The company provides a variety of health and wellness facilities for employees, including gyms and sports fields, to promote work-life balance[130]. - The average training hours per employee increased to 18.0 hours in the fiscal year 2024, up from 17.1 hours in fiscal year 2023[141]. - Total training hours conducted by the company reached 457,380 hours in fiscal year 2024, compared to 375,649 hours in fiscal year 2023, representing a 21.7% increase[142]. - The company emphasizes the importance of employee morale and development through various training programs and career advancement opportunities[141]. - The employee turnover rate was 55% in the United States, 14% in China, 17% in Vietnam, and 22% in Malaysia[133]. Community Engagement and Social Responsibility - The company donated over RMB 16 million to various charitable activities during the fiscal year[159]. - In the 2023 "6.30" event, the company contributed RMB 12 million to support rural revitalization efforts, including education and infrastructure improvements[160]. - The company has cumulatively donated over RMB 310 million to rural revitalization projects over the years, receiving the "Guangdong Poverty Alleviation Red Cotton Cup" for thirteen consecutive years[160]. - The company actively engages in community investment and focuses on understanding community needs[173]. Compliance and Quality Control - The company has implemented strict procurement principles to avoid materials that negatively impact the environment and climate change[149]. - The company has a 100% response rate for customer complaints, with a commitment to resolve issues within three working days for local complaints and five working days for remote or out-of-province complaints[152]. - The company emphasizes quality control through ISO 9000 and ISO 14000 certifications, ensuring no harmful substances are added during production[150]. - The company has not reported any incidents of customer personal data leakage during the year[154].