Jinrui Mineral(SH:600714)2025-04-10 08:05Financial Performance - The company achieved a net profit of CNY 35,013,478.28 in 2024, representing a 356.54% increase compared to CNY 7,669,309.72 in 2023[21]. - Total operating revenue for 2024 was CNY 343,038,099.52, a 24.88% increase from CNY 274,689,476.98 in 2023[21]. - The basic earnings per share increased to CNY 0.121, up 348.15% from CNY 0.027 in the previous year[22]. - The company reported a net cash flow from operating activities of CNY 45,583,940.66, a significant recovery from a negative cash flow of CNY -4,464,433.23 in 2023[21]. - The total assets at the end of 2024 were CNY 807,730,692.90, reflecting a 1.36% increase from CNY 796,869,945.13 in 2023[21]. - The weighted average return on equity increased to 4.64%, up 3.59 percentage points from 1.05% in 2023[22]. - The company’s net assets attributable to shareholders reached CNY 742,471,386.09, a 1.16% increase from CNY 733,946,054.04 in 2023[21]. - The comprehensive gross margin for main business was 18.82%, an increase of 8.43 percentage points year-on-year[30]. - Non-recurring losses totaled -1,026,025.27 RMB, compared to non-recurring gains of 3,026,369.63 RMB in the previous year[10]. Production and Sales - The production volume of strontium carbonate increased by 25.08% to 21,347 tons, while sales volume rose by 27.99% to 15,198 tons[31]. - The company achieved operating revenue of 343,038,099.52 RMB, a year-on-year increase of 24.88%[30]. - The company plans to produce 21,347 tons of strontium carbonate, 1,887 tons of metallic strontium, and 4,041 tons of aluminum-strontium alloy in 2024, maintaining a certain market share domestically[103]. - The company reported a significant increase in high-value-added product exports, contributing to overall revenue growth[55]. - The average price of strontium products has decreased year-on-year due to macroeconomic conditions and intensified competition, impacting overall industry profitability[45]. Market Strategy and Development - The company is actively expanding its international market presence, enhancing brand influence through participation in industry exhibitions and inviting foreign clients[36]. - The company’s future development strategy includes potential market expansion and new product development, although specific details were not disclosed[7]. - The company is focusing on expanding its strontium industry development plan, including a 45,000 tons/year strontium carbonate project, to enhance its competitive position in the industry[104]. - The company plans to enhance its market competitiveness by ensuring a stable supply of raw materials through the development of the Dafa Mountain project[54]. - The company has established long-term stable partnerships across various sectors, including magnetic materials, zinc metallurgy, and ceramics, contributing to a steady market share[50]. Technological Innovation - The company is focusing on technological innovation, improving production processes for strontium carbonate and developing new products like high-purity strontium carbonate[38]. - The company has obtained a total of 76 patents, including 5 invention patents, which provide a significant advantage in production technology and environmental safety[53]. - The company has successfully transitioned to a continuous carbonation process, eliminating the use of outdated production methods, thus complying with new regulatory requirements[45]. - The company aims to enhance its core competitiveness in high-value-added chemical products by increasing technological investment and deepening industry-academia-research cooperation[104]. Cost Management and Efficiency - The company implemented cost control measures and improved management efficiency, contributing to overall operational quality enhancement[40]. - The total cost for the chemical industry was CNY 266,454,996.58, representing 100% of the total cost, with a year-on-year increase of 10.88%[4]. - Direct material costs for strontium carbonate decreased by 9.53% to CNY 77,897,908.82, while direct labor costs increased by 5.33% to CNY 11,795,777.77[4]. - The company has implemented an order-based production model, aligning production plans with customer orders to enhance operational efficiency[50]. Environmental and Social Responsibility - The company has invested RMB 1,281,400 in environmental protection during the reporting period[165]. - The company has achieved a dust removal efficiency of 99% and a nitrogen oxide removal rate of 50% in its gas treatment facilities[174]. - The company has conducted emergency drills for liquid sulfur and carbon dioxide leaks, enhancing its ability to respond to environmental incidents[169]. - The company has published its ESG report, detailing its environmental, social, and governance practices[178]. Governance and Compliance - The governance structure is continuously optimized to ensure compliance and protect shareholder rights, with a focus on independent decision-making[114]. - The company has established a robust communication mechanism with shareholders, ensuring that minority shareholders can exercise their rights effectively[115]. - The company has implemented strict insider information management protocols, ensuring confidentiality and compliance training for key personnel[118]. - The company has not engaged in any insider trading or faced regulatory actions related to insider information management during the reporting period[118]. Shareholder Engagement and Dividends - The company plans to distribute a cash dividend of CNY 0.25 per share, totaling CNY 7,204,406.83, based on a total share capital of 288,176,273 shares[6]. - The company has established a cash dividend policy that prioritizes cash dividends over stock dividends, aiming for a minimum of 30% of the average distributable profit over the last three years to be distributed in cash[153]. - The company’s cash dividend distribution for the reporting period amounted to 36,022,034.13 RMB, exceeding the net profit attributable to ordinary shareholders by 102.88%[157]. Human Resources - The total number of employees at the parent company and major subsidiaries is 368, with 195 in production roles and 78 in technical positions[148]. - The company has a structured training program aimed at enhancing the skills of its workforce, focusing on management, technical expertise, and vocational skills[151]. - The company has implemented a salary policy that links wage growth to performance, ensuring a market-oriented compensation structure[150].