Jalon(SH:688357)2025-02-26 08:40Financial Performance - Total revenue for 2024 was RMB 77,874.97 million, a decrease of 19.90% compared to the previous year[4] - Net profit attributable to shareholders was RMB 7,441.79 million, down 51.37% year-on-year[4] - The company reported significant declines in key financial metrics: operating profit down 49.45%, total profit down 50.10%, and basic earnings per share down 51.63%[12] - The company's total assets at the end of the reporting period were RMB 294,681.23 million, a decrease of 2.72% from the beginning of the period[6] Market Expansion and Strategy - Overseas sales revenue increased by 11.43% year-on-year, accounting for 25.12% of total revenue, up 7.06 percentage points from 2023[7] - The company aims to leverage the "Belt and Road" initiative to expand into European and emerging markets, enhancing technology output and localized services[11] - The company is focusing on four major areas for new market expansion: petrochemicals, energy chemicals, renewable energy, and renewable resources[8] Product Development and Innovation - The company has developed a specialized molecular sieve for low-concentration coalbed methane, achieving a threefold concentration of methane below 5%[9] - In the sustainable aviation fuel (SAF) sector, the company has completed multiple molecular sieve developments and has applied for several patents, with 2 already authorized[10] - The company is expanding its application of molecular sieves in the oral care sector through a strategic partnership with a dental care company[11]