JIANGNAN CHEMICAL(002226)2025-04-16 11:20Financial Performance - The company's operating revenue for 2024 reached ¥9,480,721,694.72, representing a 6.59% increase compared to ¥8,894,763,055.52 in 2023[6]. - Net profit attributable to shareholders for 2024 was ¥891,030,982.46, a 15.26% increase from ¥773,085,430.97 in 2023[6]. - The basic earnings per share for 2024 was ¥0.3364, up 15.28% from ¥0.2918 in 2023[6]. - The company achieved a total revenue of 9.48 billion yuan in 2024, representing a year-on-year increase of 6.59%, and a total profit of 1.408 billion yuan, up 14.42% year-on-year[51]. - The company’s revenue from the civil explosive industry was 8.61 billion yuan, accounting for 90.85% of total revenue, with a year-on-year growth of 8.58%[55]. - The company’s gross profit margin for civil explosive production and sales was 42.17%, an increase of 2.62% compared to the previous year[57]. - The company’s domestic revenue was 8.46 billion yuan, accounting for 89.21% of total revenue, with a year-on-year increase of 4.49%[55]. - The company’s overseas revenue reached 1.02 billion yuan, a significant increase of 27.85% year-on-year[55]. Dividend Distribution - The company plans to distribute a cash dividend of 0.65 RMB per 10 shares to all shareholders, based on a total of 2,648,922,855 shares[4]. - The company reported a cash dividend of 0.65 RMB per 10 shares, amounting to a total cash dividend of 172,179,985.58 RMB, which represents 100% of the total profit distribution[169]. Business Transformation and Strategy - The company has undergone a significant business transformation since 2018, shifting from a single focus on civil explosives to a dual focus on civil explosives and new energy[17]. - The company is focusing on integrating its civil blasting and new energy businesses to enhance operational efficiency and market competitiveness[29]. - The company is actively pursuing internationalization strategies, positioning itself as a leader in the global civil explosive market[50]. - The company plans to continue expanding its market presence in the booming western regions of China, particularly in Tibet and Xinjiang, where demand has increased significantly[29]. - The company is focusing on expanding its market presence through strategic acquisitions and partnerships in the chemical sector[88]. Risk Management - The company acknowledges various risks including safety risks, industry development risks, market expansion risks, international operation risks, and risks related to changes in new energy policies[4]. - The company emphasizes the uncertainty of achieving financial budgets and operational goals due to market conditions and team efforts, urging investors to be aware of decision-making risks[4]. - The company anticipates potential risks related to the dependence of the civil explosives business on the mining and infrastructure sectors, which are closely tied to macroeconomic conditions[116]. Technological Innovation - The company has successfully developed a dynamic electricity pricing prediction model to enhance market competitiveness in the renewable energy sector[39]. - The company has made significant progress in key technology innovations, including breakthroughs in underground matrix delivery systems and intelligent storage systems for explosives[48]. - The company is focusing on technological innovation to enhance its development capabilities and maintain a competitive edge in the market[115]. - The company plans to invest 50 million in research and development for new materials and technologies in the upcoming fiscal year[105]. Market Expansion - The company plans to expand its market presence by entering new regions, targeting a 20% increase in market share over the next fiscal year[107]. - The company is exploring potential acquisitions to enhance its technological capabilities, with a focus on companies specializing in safety equipment[107]. - The company is focusing on supply-side structural reforms, emphasizing restructuring, capacity reduction, and addressing structural contradictions in the civil explosives industry to enhance development momentum and vitality[117]. Environmental and Social Responsibility - Jiangnan Chemical received 2 national-level green factory titles and 7 provincial-level green factory titles, reflecting its commitment to environmental protection and energy efficiency[188]. - The company has implemented various energy-saving projects, including factory lighting upgrades and the elimination of high-energy-consuming equipment, contributing to resource conservation and emission reduction[188]. - Jiangnan Chemical actively promotes employee training and cultural activities to enhance team cohesion and employee satisfaction[191]. - The company invested over 1 million yuan in community development, including building village committees and cultural centers[193]. Governance and Compliance - The company reported a strict adherence to corporate governance regulations, ensuring independent operations from its controlling shareholder[127]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal requirements[128]. - The company has established a commitment to ensure that any new business opportunities do not create substantial competition with its operations[181]. - The company has implemented measures to enhance governance and compliance with regulatory requirements following a self-inspection initiative[179].