JSTI(SZ:300284)2025-04-14 13:35Financial Performance - The company's operating revenue for 2024 was approximately ¥4.73 billion, a decrease of 10.40% compared to ¥5.28 billion in 2023 [23]. - The net profit attributable to shareholders for 2024 was approximately ¥224.38 million, down 31.92% from ¥329.59 million in 2023 [23]. - The basic earnings per share for 2024 was ¥0.1777, reflecting a decline of 31.92% from ¥0.2610 in 2023 [23]. - The company reported a cash flow from operating activities of approximately ¥261.33 million in 2024, down 14.91% from ¥307.14 million in 2023 [23]. - The company’s net profit after deducting non-recurring gains and losses for 2024 was approximately ¥178.64 million, a decrease of 34.27% from ¥271.77 million in 2023 [23]. - The company’s weighted average return on equity for 2024 was 2.68%, down from 3.99% in 2023 [23]. - The total operating revenue for the reporting period was ¥4,728,843,403.67, representing a decrease of 10.40% compared to ¥5,277,806,166.67 in the previous year [59]. - The engineering consulting segment generated ¥4,600,562,637.93, accounting for 97.29% of total revenue, with a year-on-year decrease of 5.95% [59]. Dividend Distribution - The company plans to distribute a cash dividend of 0.70 RMB per 10 shares to all shareholders, based on a total of 1,262,827,774 shares [5]. - The company has not indicated any stock bonus distribution, maintaining a focus on cash dividends only [5]. - The company plans to distribute cash dividends of 1.15 CNY per 10 shares for the fiscal year 2023, totaling 145,225,194.01 CNY (including tax) based on a total share capital of 1,262,827,774 shares [151]. - For the first half of 2024, the company will distribute cash dividends of 0.25 CNY per 10 shares, amounting to 31,570,694.35 CNY (including tax) based on the same total share capital [151]. - The company maintains a cash dividend policy that ensures at least 20% of the distributable profits are allocated as cash dividends annually, barring significant investment plans or cash expenditures [149]. - The company’s cash dividend distribution for 2024 is projected to be 176,795,885.91 CNY, which includes dividends from both the 2023 fiscal year and the first half of 2024 [155]. - The company’s total distributable profits as of December 31, 2024, are reported to be 845,491,423.64 CNY [155]. - The company’s cash dividend distribution policy is designed to prioritize cash dividends, with a minimum of 40% of profits allocated to dividends during periods of significant capital expenditure [150]. Risk Management - The report emphasizes the importance of risk awareness regarding future plans and development strategies, highlighting potential risk factors and countermeasures [5]. - The company has implemented risk management measures to enhance asset efficiency, with a focus on operational stability [76]. - The company faces policy risks related to infrastructure investment and environmental regulations, which could impact performance [98]. - Accounts receivable and contract asset amounts are increasing, posing a risk of significant asset impairment if not collected on time [99]. - There is a risk of goodwill impairment if acquired companies do not meet performance expectations or if integration is unsuccessful [102]. - The company is actively managing foreign exchange risks due to increased international sales following the acquisition of EPTISA in 2016 [102]. Strategic Initiatives - The company aims to enhance the automation and intelligence of design processes through the development of a digital design platform [68]. - The company plans to promote its TIC comprehensive testing system to improve project quality and profitability [68]. - The company is committed to digital transformation and has won three provincial science and technology first prizes for its lightweight monitoring products [54]. - The company is expanding its business scope through investments and acquisitions in areas like environmental services and smart transportation [101]. - The company is focused on building a dual platform for management and business to drive digital and industrial growth [96]. - The company is committed to utilizing cloud, big data, IoT, and AI technologies to enhance productivity in infrastructure projects [96]. Governance and Compliance - The company is committed to improving its governance structure and ensuring compliance with regulatory requirements [107]. - The company has established a value management system and is working on a valuation enhancement plan [105]. - The sixth board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements [108]. - The company has established four specialized committees under the board: Strategy Committee, Investment Committee, Audit Committee, and Nomination and Compensation Committee, with their respective members appointed [109]. - The company has implemented a performance evaluation and incentive mechanism for senior management, combining a basic annual salary with year-end performance assessments [110]. - The company ensures timely and accurate information disclosure through designated personnel and various media outlets, including the Giant Tide Information Network [111]. - The company has maintained a transparent disclosure of its fundraising and usage status, ensuring timely and accurate reporting [89]. - The company received a warning letter from the Jiangsu Securities Regulatory Bureau on February 23, 2024, regarding information disclosure violations [126]. - The company is committed to enhancing compliance awareness and improving information disclosure management following the warning [127]. Research and Development - The company has over 1,200 national authorized patents and has participated in the compilation of over 200 national, industry, and local standards [47]. - The company obtained 180 authorized patents during the reporting period, including 72 invention patents, 99 utility model patents, and 9 design patents [55]. - R&D expenses decreased by 10.82% to ¥259,162,481.30 in 2024 from ¥290,597,454.30 in 2023 [69]. - The number of R&D personnel decreased by 1.84% to 1,441 in 2024 from 1,468 in 2023, with a slight increase in the proportion of R&D personnel to 18.35% [70]. Social Responsibility and ESG - The company achieved a Wind A rating for ESG in 2024 and received multiple ESG awards, including the Carbon Neutrality Top 20 Award [53]. - The company is committed to ESG strategies, aligning its operations with the United Nations' 2030 Sustainable Development Goals [168]. - The company has pledged to reduce its carbon emissions and is actively developing green business practices [169]. - The company actively engaged in social responsibility initiatives, contributing to poverty alleviation and rural revitalization efforts, including donations to targeted poverty areas [173]. Market Expansion and Future Outlook - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of the fiscal year [123]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's market position and increase revenue by 30% [124]. - The management team has set a performance guidance of 1.5 billion yuan for the upcoming fiscal year, reflecting a growth target of 12% [126]. - The company plans to enhance its digital marketing strategy, aiming for a 40% increase in online sales channels [127]. - Future guidance indicates a focus on sustainable growth, with an emphasis on environmental, social, and governance (ESG) initiatives [178].