JJIT(SH:900929)2025-04-15 09:20Financial Performance - Basic earnings per share for 2024 increased by 189.57% to RMB 0.5027 compared to RMB 0.1736 in 2023[17] - The diluted earnings per share for 2024 also increased by 189.57% to RMB 0.5027 compared to RMB 0.1736 in 2023[17] - The company reported a decrease of 65.94% in basic earnings per share after excluding non-recurring gains and losses, down to RMB 0.0516 from RMB 0.1515 in 2023[17] - The company's operating revenue for 2024 reached ¥831.63 million, representing a 24.17% increase compared to ¥669.77 million in 2023[18] - Net profit attributable to shareholders was ¥66.63 million, a significant increase of 189.56% from ¥23.01 million in 2023[18] - The net profit after deducting non-recurring gains and losses was ¥6.83 million, showing a decrease of 65.96% compared to ¥20.08 million in 2023[18] - The net cash flow from operating activities was negative at -¥58.75 million, worsening from -¥32.18 million in 2023[18] - By the end of 2024, the net assets attributable to shareholders increased to ¥1.04 billion, a growth of 29.44% from ¥805.18 million at the end of 2023[18] - Total assets rose to ¥1.46 billion, marking a 19.17% increase from ¥1.22 billion in 2023[18] Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.51 per 10 shares based on a total share capital of 132,556,270 shares as of December 31, 2024[3] - The cash dividend plan for 2023 is to distribute CNY 0.53 per 10 shares, amounting to a total cash dividend of CNY 20,015,996.77, which represents 30.04% of the net profit attributable to ordinary shareholders[108][112] - The cumulative cash dividend amount over the last three accounting years is CNY 27,704,260.43, with an average annual net profit of CNY 4,330,219.11, resulting in a cash dividend ratio of 639.79%[111] Audit and Compliance - The company has received a standard unqualified audit report from PwC Zhongtian[5] - The company has not faced any significant risks that would affect the authenticity, accuracy, and completeness of the annual report[4] - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[5] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[4] - There are no violations of decision-making procedures regarding external guarantees[4] - The audit opinion confirms that the financial statements fairly present the company's financial condition and operating results for the year 2024[177] Business Strategy and Development - The company launched new travel products, including "Exploration Journey on the Duku Highway" and "Exclusive Routes in Japan," to enhance its core business[26] - The company is actively participating in building Shanghai as "China's First Stop for Inbound Tourism" and has introduced high-end boutique travel routes[26] - The company is implementing a "Reform 2.0" strategy to upgrade its brand travel agency and enhance professional positioning across various tourism sectors[29] - The company is focusing on digital empowerment to improve integrated financial and operational management, enhancing data support and risk control capabilities[30] - The company aims to enhance its market competitiveness and brand influence by focusing on three main business areas: tourism services, MICE (Meetings, Incentives, Conferences, and Exhibitions), and cultural tourism destination development[74] - The company plans to expand its inbound tourism business, particularly targeting Southeast Asia, while leveraging its "Chinese Time-honored Brand" advantage[76] Risk Management - The company faces risks from industry volatility, operational challenges, and competition from online travel agencies, which may impact profitability[78][79] - The company is committed to improving risk management through organizational reforms and enhanced internal controls to mitigate potential risks[80] Governance and Management - The company held three shareholder meetings during the reporting period, ensuring compliance with relevant regulations and providing equal treatment to all shareholders[83] - The board of directors consists of three independent directors, and the audit and risk control committee is chaired by an independent director[84] - The company has established an independent financial accounting department and a complete accounting system, ensuring no shared bank accounts with the controlling shareholder[86] - The company has implemented measures to maintain the independence of its operations, assets, and finances from the controlling shareholder[85] - The company has revised its independent director system and articles of association during the reporting period[87] - The company appointed Huang Haijie as an independent director on January 26, 2024, following the resignation of Yongping Yin[89] - The board appointed Shen Min as vice president on December 24, 2024, enhancing the leadership team[90] - The company announced the appointment of Zhou Rong as the financial head on January 30, 2024, indicating a strategic shift in financial management[90] Environmental and Social Responsibility - The company has not established an environmental protection mechanism and did not invest any funds in environmental protection during the reporting period[118] - The company adheres to environmental protection principles, promoting green tourism and ensuring no pollution or waste generation in its operations[119] - The company has implemented a paperless office initiative, optimizing the OA system to reduce paper consumption across multiple operational processes[119] - The company actively participates in social responsibility initiatives, including providing support to underprivileged families and promoting community volunteer activities[128] - The company has established a long-term assistance mechanism for underprivileged families, including health insurance for vulnerable groups[128] Shareholder Information - The total number of common shareholders as of the end of the reporting period is 10,797, an increase from 10,662 at the end of the previous month[162] - Shanghai Jinjiang Capital Co., Ltd. holds 66,556,270 shares, representing 50.21% of the total shares, classified as non-circulating[164] - The top ten shareholders include individuals with shareholdings ranging from 0.30% to 50.21%, with no significant changes in their holdings during the reporting period[164] - The controlling shareholder is Shanghai Jinjiang Capital Co., Ltd., which also holds significant stakes in other listed companies, including 482,007,225 shares in Jinjiang Hotels[166] - The actual controller is the Shanghai State-owned Assets Supervision and Administration Commission, responsible for overseeing state-owned assets[168] Financial Position - Total assets increased to CNY 1,456,858,868.61 from CNY 1,222,544,726.26, reflecting a growth of about 19.2%[194] - Shareholders' equity increased to CNY 1,039,415,675.84 from CNY 801,729,687.87, a rise of about 29.6%[195] - Cash and cash equivalents decreased to CNY 90,827,326.71 from CNY 131,694,080.42, a decline of approximately 30.9%[193] - The company reported a significant increase in other comprehensive income to CNY 263,661,326.18 from CNY 86,247,813.92, an increase of approximately 205.5%[195]