JHCC(SZ:002484)2025-04-07 12:20Dividend Distribution - The company plans to distribute a cash dividend of RMB 2.60 per 10 shares, amounting to a total of RMB 219,492,252.98, which represents 33.53% of the net profit attributable to ordinary shareholders for 2024[9]. - The cash dividend amount is 100% of the total profit distribution amount, indicating a strong commitment to returning value to shareholders[125]. - The company has a cash dividend policy that aligns with its articles of association and shareholder resolutions, ensuring clarity and compliance[124]. - The company plans to maintain a minimum cash dividend ratio of 20% in future distributions, especially during significant capital expenditure phases[125]. - The total number of shares for the dividend calculation is based on 844,200,973 shares after accounting for repurchased shares[127]. - The company has not proposed any stock dividends or capital reserve transfers in the current profit distribution plan[127]. - The company has not made any adjustments to its cash dividend policy during the reporting period, maintaining consistency in its approach[123]. Financial Performance - The company's operating revenue for 2024 was ¥4,808,152,503.52, a decrease of 0.76% compared to ¥4,844,923,743.00 in 2023[6]. - The net profit attributable to shareholders for 2024 was ¥654,664,296.72, down 7.41% from ¥707,069,109.46 in 2023[6]. - The cash flow from operating activities increased by 13.57% to ¥647,751,619.66 in 2024, compared to ¥570,344,924.47 in 2023[6]. - The company achieved a basic earnings per share of ¥0.7753 in 2024, a decline of 7.63% from ¥0.8393 in 2023[6]. - The total assets at the end of 2024 were ¥7,466,764,100.82, reflecting a 2.80% increase from ¥7,263,050,307.80 at the end of 2023[6]. - Total revenue for 2024 is CNY 4,808,152,503.5, a decrease of 0.76% compared to CNY 4,844,923,743.0 in 2023[48]. - Revenue from electronic components is CNY 4,602,551,254.5, accounting for 95.72% of total revenue, with a year-on-year decrease of 0.96%[48]. - Domestic sales increased by 6.28% to CNY 3,799,394,922.1, representing 79.02% of total revenue, while foreign sales decreased by 20.57% to CNY 1,008,757,581.3, accounting for 20.98%[48]. Research and Development - The company is focusing on expanding into new markets and developing products in automotive electronics, industrial automation, renewable energy, and artificial intelligence[6]. - The company has established a mature R&D, operations, and service team to effectively respond to risks associated with new market entries and product developments[7]. - The company is committed to deepening its understanding of customer needs and application scenarios to align with global industry benchmarks[6]. - The company has advanced its talent development program, enhancing its soft power and ESG initiatives[38]. - The company has established a national postdoctoral research station and a provincial engineering technology research center, emphasizing its commitment to R&D[39]. - The company is actively involved in R&D across three major types of capacitors, positioning itself as a leader in the power electronics sector[43]. - The company's R&D expenses increased by 16.23% year-over-year, reaching ¥269,899,396.00, which is 5.61% of total revenue[58]. Market Strategy and Competition - The company emphasizes its competitive advantages in technology, customer resources, product variety, production capacity, and procurement capabilities to address market competition[5]. - The company has a robust strategy to provide value-added services to strategic customers and actively engage in joint product development[5]. - The company has established multiple strategic alliances with international partners to enhance its technological capabilities and market position[45]. - The company is collaborating with key domestic and international clients on AI server and data center power compensation projects, showing promising results[38]. - The company has reported a significant growth potential in solid-state capacitors, expecting over 50% growth in the automotive sector[36]. - The company is focusing on expanding its product lines in film capacitors and has made technological breakthroughs in core materials for aluminum electrolytic capacitors[36]. Risk Management - The company has implemented measures to mitigate exchange rate risks due to a significant proportion of exports, including pricing mechanisms and forward foreign exchange contracts[8]. - The company has taken out relevant liability insurance to further safeguard its operations and mitigate risks[7]. - The company has faced challenges in achieving expected benefits from its investment projects due to slower market and user expansion, as well as intense competition leading to price reductions[73]. - The company has adjusted its investment strategy to proceed with expansion in phases based on market conditions[73]. Corporate Governance - The company has improved its corporate governance structure in compliance with relevant laws and regulations, ensuring transparency and accountability[87]. - The company emphasizes high-quality information disclosure and investor relationship management to communicate its value effectively[85]. - The company maintains a high level of independence from its controlling shareholders in terms of assets, personnel, finance, and operations[89]. - The company has established an independent financial department with a standardized accounting system and financial management policies[91]. - The company has not provided guarantees to major shareholders or their affiliates, ensuring financial independence[91]. Shareholder Information - The total number of shares held by the board members at the end of the period was 40.06 million shares, with an increase of 1.13 million shares[95]. - The largest shareholder, Yiwei Investment Co., Ltd., holds 28.81% of the shares, totaling 245,021,000 shares, with no change during the reporting period[175]. - The company reported a total of 33,568 ordinary shareholders at the end of the reporting period, a decrease from 52,215 at the end of the previous month[174]. - The company’s actual controller, Yiwei Investment Co., Ltd., has not changed during the reporting period[178]. Audit and Compliance - The audit opinion issued was a standard unqualified opinion, signed on April 3, 2025[187]. - The audit included a review of management's estimates and assumptions regarding goodwill impairment[192]. - The internal control audit report confirmed that the company maintained effective financial reporting internal controls as of December 31, 2024[133]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[136]. - The company has not disclosed any measures taken to reduce carbon emissions during the reporting period[136].