JIANGNAN YIFAN(301023)2025-04-17 11:10Dividend Distribution - The company plans to distribute a cash dividend of 6 RMB per 10 shares to all shareholders, based on a total of 55,600,800 shares[4]. - The company plans to distribute a cash dividend of RMB 7.00 per 10 shares, totaling RMB 38,514,560 for the 2023 fiscal year[157]. - For the 2024 semi-annual profit distribution, the company will distribute RMB 4.00 per 10 shares, amounting to RMB 22,008,320[157]. - The proposed cash dividend for the first three quarters of 2024 is RMB 5.00 per 10 shares, totaling RMB 27,800,400[158]. - The total cash dividend for the 2024 fiscal year is projected to be RMB 33,360,480, which represents 100% of the total profit distribution[160]. - The company emphasizes a cash dividend policy where at least 80% of the profit distribution should be in cash dividends during mature development stages[160]. Financial Performance - The company's revenue for 2024 reached ¥282,271,657.15, representing a 61.69% increase compared to ¥174,573,137.11 in 2023[22]. - Net profit attributable to shareholders for 2024 was ¥94,508,928.65, a significant increase of 98.51% from ¥47,608,275.00 in 2023[22]. - The net cash flow from operating activities for 2024 was ¥50,803,075.73, showing a remarkable growth of 141.52% compared to ¥21,035,132.99 in 2023[22]. - Basic earnings per share for 2024 were ¥1.71, up 98.84% from ¥0.86 in 2023[22]. - Total assets at the end of 2024 amounted to ¥924,460,419.77, a 4.57% increase from ¥884,099,904.17 at the end of 2023[22]. - The company's net profit excluding non-recurring gains and losses for 2024 was ¥92,591,874.43, a 96.53% increase from ¥47,114,360.18 in 2023[22]. - The weighted average return on equity for 2024 was 11.44%, an increase of 5.66% compared to 5.78% in 2023[22]. Research and Development - The management highlighted the importance of research and development in driving innovation and product offerings[15]. - The R&D team consists of 56 personnel, accounting for 13.79% of the total workforce, with a focus on customized product development[48]. - The company emphasizes continuous innovation and research, which is crucial for maintaining its leadership position in the customized micro-reduction motor market[36]. - The company is developing a new type of electric actuator with moisture-proof performance for mining applications, aiming to enhance sealing and protection capabilities[64]. - A new permanent magnet direct drive motor is being developed to improve torque density and reduce noise, targeting applications in automation equipment[65]. - The company is working on a micro gearbox with multi-stage gear rings to better meet rated load requirements and reduce unnecessary load waste[65]. Market Expansion and Strategy - The report includes a section on the company's future development outlook, highlighting strategic initiatives and market expansion plans[4]. - The company is actively exploring opportunities for mergers and acquisitions to strengthen its market position[15]. - The company plans to actively explore new niche markets and develop innovative products in response to international challenges in 2025[52]. - The company has strategically acquired a 25% stake in Honghu Electric Motor, enhancing industry synergy and resource integration to improve bargaining power and market share[101]. - The company emphasizes deepening partnerships with major firms like Siemens and Schneider Electric to enhance market insight and technical capabilities[101]. Governance and Compliance - The company emphasized the importance of accurate financial reporting and the responsibility of its executives in ensuring this[4]. - The company has committed to maintaining transparency and accountability in its financial disclosures and governance practices[4]. - The company has not reported any unresolved governance issues and complies with relevant regulations and guidelines for corporate governance[109]. - The company held 8 board meetings and 8 committee meetings during the reporting period, with independent directors holding 2 special meetings[112]. - The company established a comprehensive internal control system to enhance governance and ensure operational goals are met[114]. - The company has implemented a performance evaluation and incentive mechanism for senior management, combining base salary with annual performance assessments[115]. Employee Management and Welfare - The company has established a remuneration management system for directors, supervisors, and senior management based on profitability and performance[138]. - The company initiated an equity incentive plan in August 2024 to motivate executives and core employees, aiming to stabilize key talent and enhance work enthusiasm[152]. - The company adheres to a competitive salary policy, ensuring employee compensation is aligned with market trends and performance evaluations[151]. - The company strictly follows labor laws and regulations, providing comprehensive benefits including paid annual leave and holiday bonuses[151]. - The company has a robust feedback mechanism for training programs to ensure continuous improvement and alignment with business strategies[153]. Environmental Responsibility - The company has successfully constructed a distributed power station on the factory roof, generating a total of 6.54 million kWh in 2024, equivalent to a reduction of 1,113.792 tons of CO2 emissions[175]. - The company has implemented a "self-generation - peak usage - valley storage" model with energy storage battery modules, generating total revenue of 282,600 yuan since its launch on July 24, 2024[176]. - Over 60% of employees' private vehicles are now new energy vehicles, supported by the company providing free charging services[176]. - The company has not reported any major environmental issues or administrative penalties during the reporting period[175]. Financial Management and Investments - The company raised a total of RMB 544.24 million through the issuance of 9.3335 million shares at a price of RMB 58.31 per share, with a net amount of RMB 486.58 million after deducting underwriting fees and other expenses[88]. - The total investment during the reporting period was ¥44,000,000.00, a significant increase of 300% compared to ¥11,000,000.00 in the same period last year[78]. - The company has committed to investment projects with a total funding of 57.6 million yuan, with 12.1 million yuan allocated for operational purposes[91]. - The company has established a specialized foreign exchange risk management system to mitigate currency fluctuation risks associated with international business[103]. - The company will ensure that the funds used for share repurchase do not exceed the previous year's net profit attributable to shareholders[193]. Shareholder Engagement - The company actively engages with minority shareholders to ensure their opinions are considered in profit distribution decisions[159]. - The company has maintained effective communication with shareholders through various channels, ensuring their rights to information and participation[178]. - The company plans to hold its shares long-term and will comply with relevant regulations regarding share reduction after the lock-up period[188]. - The company’s major shareholders, including Liu Jincheng, hold over 5% of the shares and intend to reduce their holdings after the lock-up period, with a minimum selling price not lower than the issuance price[189].