ZJHTC(SH:600895)2025-03-28 11:40Financial Performance - The company's operating revenue for 2024 is reported at RMB 1,983,301,113.34, a decrease of 2.09% compared to RMB 2,025,737,630.73 in 2023[22]. - The net profit attributable to shareholders for 2024 is RMB 982,421,581.11, reflecting a 3.64% increase from RMB 947,899,545.53 in 2023[22]. - Basic earnings per share for 2024 are reported at RMB 0.63, a 3.28% increase from RMB 0.61 in 2023[21]. - The company's total assets as of the end of 2024 amount to RMB 59,402,514,993.98, an increase of 16.46% from RMB 51,004,632,298.02 at the end of 2023[22]. - The net cash flow from operating activities for 2024 is reported at -RMB 2,401,101,827.62, an improvement of 13.80% compared to -RMB 2,785,411,690.76 in 2023[22]. - The company's total investment in real estate development during the reporting period amounted to 2,981,097.97 million RMB, with an average financing cost of 2.93%[76]. - The company achieved total sales revenue of 91,060.99 million RMB, with a total sold area of 42,053.56 square meters, and recognized revenue from sales of the same amount[72]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.48 per 10 shares, totaling RMB 229,206,053.40, which represents 31.53% of the net profit attributable to shareholders for the year 2024[3]. - The company approved a mid-term cash dividend of RMB 0.52 per 10 shares, amounting to RMB 80,531,856.6, which represents 30% of the net profit for the first half of 2024[131]. - The cumulative cash dividend over the last three accounting years amounted to RMB 851,779,252.5, with a cash dividend ratio of 93.85% based on the average annual net profit of RMB 907,558,009.26[135]. Investments and Projects - The company completed investments exceeding RMB 9.5 billion, with 56 direct investment projects totaling RMB 4.077 billion and 30 participating investment funds with a subscribed capital of RMB 5.464 billion[33]. - The investment direction includes 28% in integrated circuits, 20% in biomedicine and medical devices, 35% in new energy vehicles, and 8% in new generation information technology[33]. - The company has several ongoing projects, including the Shanghai Integrated Circuit Design Industrial Park, with a total planned construction area of 357,950.6 square meters[71]. - The company has ongoing construction projects with a total investment of 892,308.00 million RMB in the Central District 58-01 plot project[71]. Governance and Compliance - The company has received a standard unqualified audit report from KPMG Huazhen[7]. - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report[4]. - The company has established a clear governance structure, ensuring rights and responsibilities are well-defined[102]. - The company strictly adhered to information disclosure regulations, enhancing transparency and investor relations[104]. - The company has established specialized committees within the board to enhance governance and oversight, including Audit, Nomination, and Compensation Committees[118]. Environmental and Social Responsibility - The company is committed to sustainable development, with plans to release its first ESG report in 2025[37]. - The company invested RMB 30.4 million in environmental protection during the reporting period[141]. - The company has implemented carbon reduction measures, including the use of information technology to enhance operational efficiency and reduce unnecessary carbon emissions[144]. - The company has prioritized the admission of advanced high-tech industries into its park, such as medical devices and artificial intelligence, while rejecting polluting industries[143]. Market Strategy and Future Outlook - The company is focusing on emerging industries such as integrated circuits, biomedicine, artificial intelligence, and new energy, aligning with national industrial policies[90]. - Zhangjiang Gaoke aims to transform from an "industrial space operator" to an "industrial investor" and "industry leader" during the 14th Five-Year Plan period[93]. - The company anticipates challenges from increased competition in the high-tech industry and aims to improve its product offerings to maintain market position[99]. - The company is set to navigate the upcoming economic landscape with a clear development strategy and core competitiveness, aiming for satisfactory achievements in technology innovation and industrial development[99]. Employee and Talent Management - The company has 20 ongoing projects with a total construction area of approximately 3.34 million square meters, and plans to complete all ongoing projects within the next three years[36]. - The company has recruited 24 new talents, with over 40% focusing on key business areas such as investment management and industrial services[42]. - The company has a total of 195 employees, with 57 in technical roles and 76 holding master's degrees[125]. - The company has developed various training programs to enhance employee capabilities in line with strategic goals[127].