Jereh Group(002353)2025-04-09 10:35Dividend Distribution - The company plans to distribute a cash dividend of 6.9 RMB per 10 shares to all shareholders, based on a total share capital of 1,023,855,833 shares as of December 31, 2024[6]. - The company has a total of 1,023,849,677 shares eligible for dividend distribution after excluding shares held in the repurchase account[6]. - The proposed profit distribution plan for 2024 includes a cash dividend of 6.9 yuan (including tax) per 10 shares, totaling approximately 706.46 million yuan (including tax), which represents 38.46% of the audited net profit attributable to shareholders for the year[144]. - The cash dividend distribution plan for 2023 proposes a cash dividend of 4.9 yuan per 10 shares, totaling approximately 500.3 million yuan[185]. - For the first half of 2024, the company plans to distribute a cash dividend of 1.2 yuan per 10 shares, amounting to approximately 122.9 million yuan[186]. - The total cash dividend amount, including other methods, is projected to be approximately 1.01 billion yuan, representing 100% of the total profit distribution[188]. Financial Performance - The company's operating revenue for 2024 was ¥13,354,918,639.62, a decrease of 4.00% compared to ¥13,912,093,668.10 in 2023[22]. - Net profit attributable to shareholders for 2024 was ¥2,627,034,930.95, an increase of 7.03% from ¥2,454,377,699.43 in 2023[22]. - Basic earnings per share for 2024 were ¥2.59, up 7.02% from ¥2.42 in 2023[22]. - Total assets at the end of 2024 reached ¥35,695,116,715.45, reflecting a growth of 12.33% from ¥31,776,572,493.51 at the end of 2023[22]. - The oil and gas sector contributed ¥12.89 billion, accounting for 96.53% of total revenue, with a year-on-year decline of 4.38%[62]. - High-end equipment manufacturing revenue increased by 12.71% to ¥9.18 billion, representing 68.74% of total revenue[62]. - The gross margin improved to 35%, up from 30% in the previous year, reflecting better cost management[168]. Risk Factors - The company faces risks including fluctuations in oil and gas prices, intensified market competition, and the development of a low-carbon energy system[6]. - The company emphasizes the importance of risk awareness among investors regarding forward-looking statements and future plans[5]. - The company faces risks from fluctuating crude oil and natural gas prices, which could impact the demand for oil and gas equipment and services[130]. - The company's overseas business revenue is increasing, but it faces risks from geopolitical instability, trade restrictions, and currency fluctuations that could impact financial performance[134]. Operational Stability - The company has not reported any changes in its main business since its listing, indicating stability in its operations[20]. - The company has not experienced any changes in its controlling shareholders since its establishment, reflecting stability in ownership[20]. - The company has maintained its registered address at 5 Jereh Road, Laishan District, Yantai City, since 2012[17]. Research and Development - The company has applied for a total of 265 patents, including 115 invention patents, and holds 1,914 valid authorized patents[44]. - The company completed the development of a high-performance artificial graphite anode material, enhancing its competitiveness in the high-energy-density battery market[77]. - The company is currently developing a high-temperature electric fracturing device to enhance its market position and technical advantages[76]. - The company is investing $30 million in R&D for new technologies aimed at enhancing operational efficiency[167]. Market Expansion and Strategy - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development[163]. - The company plans to enhance its digital marketing efforts, increasing the budget by 40% to improve customer engagement and brand visibility[137]. - The company is exploring potential acquisitions to enhance its product portfolio, with a focus on companies that align with its strategic goals[137]. - The company plans to strengthen its global development strategy, accelerating the establishment of regional centers and enhancing local management capabilities[123]. Environmental Responsibility - The company has a comprehensive approach to environmental responsibility, including services related to oil sludge treatment and soil remediation[15]. - The company launched a new generation of Jerry turbine fracturing trucks, which can achieve a stable working output of 2.0 cubic meters per minute and reduce greenhouse gas emissions by 25.5% compared to the highest global emission standards[148]. - The company has completed 270,000 hours of fracturing operations with its turbine fracturing equipment, resulting in a total carbon emission reduction of 1.6 million tons, equivalent to the annual emissions of 350,000 cars[148]. - The company emphasized the importance of sustainability in its operations, aiming for a 30% reduction in carbon emissions by 2025[137]. Corporate Governance - The company has established a performance-oriented remuneration management system focusing on key contributions and sustainable development[170]. - The company has maintained an A-level rating in information disclosure for five consecutive years since 2019, ensuring transparency and accuracy in its communications[151]. - The company has established a complete and independent financial accounting system, ensuring financial independence and compliance with relevant laws[157]. - The company is committed to maintaining compliance with relevant laws and regulations, enhancing decision-making processes through diligent board participation[177]. Shareholder Engagement - The company conducted multiple investor relations activities, including on-site research and teleconferences, from January to June 2024[137]. - The company plans to enhance its strength through independent innovation and will continue to explore new product development concepts and practices[150]. - The company is focused on improving shareholder engagement and transparency through regular meetings and updates[160]. - The first extraordinary general meeting of 2024 had an investor participation rate of 54.30% on January 18, 2024[160].