JONES TECH PLC(300684)2024-04-24 14:17Financial Performance - The company's operating revenue for 2023 was ¥1,257,911,746.32, a decrease of 20.99% compared to ¥1,592,174,309.48 in 2022[22]. - Net profit attributable to shareholders was ¥73,756,521.69, down 61.87% from ¥193,433,028.12 in the previous year[22]. - The cash flow from operating activities was ¥189,685,191.91, representing a decline of 45.67% from ¥349,156,827.71 in 2022[22]. - Basic earnings per share decreased by 62.33% to ¥0.2594 from ¥0.6887 in 2022[22]. - Total assets at the end of 2023 were ¥2,262,180,293.47, a slight decrease of 1.25% from ¥2,290,922,489.54 at the end of 2022[22]. - The company reported a significant drop in net profit after deducting non-recurring gains and losses, which was ¥53,146,021.11, down 70.94% from ¥182,899,923.04 in 2022[22]. - The gross profit margin for electronic components manufacturing was 24.53%, down 3.78% from the previous year[74]. - The revenue from electronic components and materials manufacturing was ¥1,242,534,903.11, accounting for 98.78% of total revenue, with a year-on-year decrease of 21.76%[73]. - The sales volume of electronic components was 339,358,496 units, down 17.41% from 410,901,276 units in 2022[75]. - The company reported a total revenue of 1,063 million, representing a significant increase compared to previous years[151]. - The company reported a net profit of 937.8 million, with a year-on-year growth of 234.4 million, indicating a 33% increase[152]. Dividend Distribution - The company plans to distribute a cash dividend of 2.4 CNY per 10 shares to all shareholders, based on a total share count of 299,197,423 shares after excluding 311,800 shares in the repurchase account[3]. - For the fiscal year 2023, the company plans to distribute a cash dividend of RMB 2.4 per 10 shares, with a total cash dividend amounting to RMB 71,807,381.52[182]. - The total distributable profit for 2023 is RMB 184,996,503.58, with the cash dividend representing 100% of the profit distribution[182]. - The company implemented a cash dividend distribution plan for the fiscal year 2022, distributing a cash dividend of RMB 6.5 per 10 shares, totaling RMB 181,740,459.55[180]. Research and Development - The company is focused on R&D, providing advanced thermal management solutions for various industries, including consumer electronics and clean energy[33]. - The company has increased its R&D investment, launching new products such as ultra-high thermal conductivity artificial graphite and high-performance thermal interface materials, enhancing its product competitiveness[68]. - The company has applied for a total of 247 patents, including 127 invention patents, with 29 domestic invention patents and 8 foreign invention patents granted[68]. - The company has established a postdoctoral research workstation focused on basic application materials, aiming to build an innovative talent team to enhance its research and innovation capabilities[68]. - The company has maintained a high R&D intensity, forming significant barriers in high-temperature carbon material sintering technology and functional polymer composite technology[48]. - The company aims to achieve mass production and sales of new graphite materials, enhancing its product line and global leadership position[84]. Market Position and Strategy - The company holds a leading position in the thermal management materials sector, with strong R&D capabilities and a comprehensive solution supply ability, establishing a competitive advantage in the market[47]. - The company targets high-growth industries such as consumer electronics, digital infrastructure, smart transportation, and clean energy, ensuring a diversified revenue stream[52]. - The company has identified opportunities in the AI-driven consumer electronics market, aligning its products with the trends of AI and IoT integration[36]. - The company is actively participating in the cutting-edge R&D processes of clients, enhancing its product offerings in high-value segments, and has covered major consumer electronics such as smartphones, tablets, laptops, and smart wearables[37]. - The company aims to provide comprehensive reliability solutions for electronic devices, targeting industries like smartphones, laptops, AR/VR devices, and automotive systems[117]. Governance and Compliance - The financial report is guaranteed to be true, accurate, and complete by the board of directors and senior management, ensuring accountability for any misleading statements or omissions[3]. - The company emphasizes the importance of maintaining a flexible strategy to respond to changing market conditions and avoid vicious competition[126]. - The governance structure has been strengthened, ensuring compliance with regulatory requirements and protecting shareholder interests[133]. - The company maintains independent operations from its controlling shareholder, ensuring no adverse effects on governance structure[137]. - The company has established performance evaluation and incentive mechanisms for directors and senior management, linking compensation to company performance[139]. - The company follows strict information disclosure practices, ensuring timely and accurate communication with investors[140]. Environmental Responsibility - The company has implemented measures to reduce carbon emissions, including using approximately 40 million kWh of renewable energy throughout the year[194]. - The HVAC system energy-saving renovation project is expected to save approximately 20,970 kWh of electricity annually[194]. - The company has achieved ISO 50001 energy management system certification for its Wuxi factory[194]. - The company has achieved 100% collection and compliant disposal of solid waste, actively participating in a "zero landfill" project to reduce waste incineration and landfill usage[196]. - The company has established a "dual carbon" goal, promoting green production methods and utilizing "green electricity" to support clean energy initiatives[198]. - The company emphasizes the importance of social responsibility, engaging in various charitable activities, including support for impoverished areas in Qinghai[198]. Employee Management - The total number of employees at the end of the reporting period was 861, with 69 in the parent company and 790 in major subsidiaries[175]. - The company implements a competitive compensation policy, including basic salary, performance bonuses, and various benefits, aiming to enhance employee performance and align with corporate goals[176]. - A training plan was established to improve employee skills and maintain core competitiveness, including safety training and professional knowledge training[177]. - The employee stock ownership plan includes 12 key employees holding a total of 940,000 shares, representing 0.33% of the company's total share capital[184]. Future Outlook - The company provided a positive outlook for 2024, projecting a revenue growth of 25% based on new product launches and market expansion strategies[132]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[130]. - The company aims to launch three new products in Q3 2024, expected to contribute an additional 500 million RMB in revenue[132]. - The company is actively pursuing market expansion and new technology development in the electronic components sector[99].