JINHUIINC.(SH:603132)2025-03-10 10:10Financial Performance - The company's operating revenue for 2024 reached RMB 1,539,059,099.66, representing a 19.97% increase compared to RMB 1,282,893,152.87 in 2023[25] - The net profit attributable to shareholders of the listed company was RMB 476,964,276.27, a 39.06% increase from RMB 342,983,865.09 in the previous year[25] - The net profit after deducting non-recurring gains and losses was RMB 503,073,074.03, up 23.64% from RMB 406,900,829.24 in 2023[25] - The net cash flow from operating activities was RMB 787,401,079.29, reflecting a 3.88% increase from RMB 757,969,690.14 in the previous year[25] - Basic and diluted earnings per share increased to CNY 0.49, up 40.00% compared to the previous year[34] - The gross profit margin for the lead-zinc non-ferrous metal segment improved by 7.89 percentage points to 62.63%[70] - The company reported a net cash flow from financing activities of 421,448,374.37 yuan, which is a 151.27% increase year-on-year[87] - The total remuneration for directors and senior management during the reporting period amounted to CNY 1,289.94 million[140] Assets and Investments - As of the end of 2024, the total assets amounted to RMB 6,473,840,990.66, a 14.81% increase from RMB 5,638,672,455.35 in 2023[25] - The net assets attributable to shareholders of the listed company were RMB 3,260,766,249.47, a 2.41% increase from RMB 3,184,072,001.44 at the end of 2023[25] - The company has made significant investments in the Jiangluo mining area, with a reported investment of CNY 614 million in the ore dressing project[105] - The company plans to establish a wholly-owned subsidiary to enhance its market presence and long-term development[159] Production and Operations - The company produced 61,559.71 metal tons of zinc concentrate and 20,669.25 metal tons of lead concentrate (including silver) during the reporting period[34] - The annual production capacity of the company is 1.78 million tons, demonstrating strong scalability in operations[45] - The company reported a mining capacity utilization rate of 98.75% for lead-zinc ore extraction, with an annual extraction volume of 175.78 million tons against a capacity of 178 million tons[97] - The company plans to complete an annual mining volume of 1.78 million tons and produce over 100,000 tons of lead and zinc concentrates in 2025[112] Market and Pricing - The average zinc price increased by 20.25% over the year, driven by global economic recovery and increased demand from key sectors[41] - The increase in operating revenue was primarily driven by rising prices of lead, zinc, and silver[68] - The company has achieved a cumulative increase of 6.53% in lead prices for 2024, influenced by supply shortages and rising prices of recycled lead batteries[43] Governance and Compliance - The company has established a comprehensive governance structure, ensuring clear responsibilities and effective checks and balances among the board of directors, supervisory board, and management[123] - The board of directors consists of 7 non-independent directors and 4 independent directors, ensuring a diverse range of expertise in mineral exploration, law, and finance[127] - The company has implemented strict management of insider information, ensuring no insider trading occurred before sensitive information disclosure during the reporting period[133] - The company has not faced any penalties from securities regulatory agencies in the past three years[148] Environmental and Safety Management - The company has invested CNY 1,378.74 million in environmental protection during the reporting period[191] - The company has implemented a closed-loop system for wastewater treatment, ensuring no external discharge, with all production wastewater being recycled[193] - The company has adopted advanced noise reduction technology, ensuring compliance with the industrial noise emission standards[195] - The company has developed an emergency response plan for environmental incidents, which has been reviewed and filed with local authorities[197] Human Resources and Talent Management - The company has 112 R&D personnel, accounting for 7.37% of the total workforce[84] - The employee composition includes 1,007 production personnel, 5 sales personnel, 112 technical personnel, 22 financial personnel, and 373 administrative personnel[163] - The performance-based salary structure includes a 30% performance wage component linked to the company's operational performance[165] - The company is actively enhancing its human resources planning and talent reserve strategy, focusing on professional certification and training to improve employee competencies[113] Dividend Policy - The proposed cash dividend for 2024 is RMB 2.20 per 10 shares, totaling RMB 215,160,000.00 to be distributed to shareholders[6] - The company plans to distribute cash dividends amounting to CNY 381,420,000, which represents 79.97% of the net profit attributable to ordinary shareholders in the consolidated financial statements[179] - The company has established a cash dividend policy that prioritizes cash distribution, with a minimum of 30% of distributable net profit allocated for dividends in profitable years[177]