QJBIOCH(SH:600796)2025-04-18 08:35Financial Performance - The company achieved operating revenue of RMB 1.768 billion in 2024, a decrease of 13.08% compared to 2023[21]. - Net profit attributable to shareholders was RMB 160 million, down 24.06% year-on-year[21]. - Total revenue for the company was approximately CNY 1.76 billion, a decrease of 13.09% year-over-year[69]. - The revenue from domestic sales increased by 23.22% to CNY 1.71 billion, while international sales decreased by 46.14% to CNY 53.33 million[69]. - The company reported a significant decrease in revenue from waste incineration, down 34.76% to CNY 35.87 million[69]. - The company’s overall operating costs were CNY 1.36 billion, reflecting a decrease of 12.49% year-over-year[69]. - The total revenue for the reporting period was 1,359,612,116.66 CNY, a decrease of 12.49% compared to the previous period[78]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 0.31 CNY per 10 shares, totaling 26,864,158.75 CNY for the year 2024[6]. - The cumulative cash dividends over the last three years amounted to 142,120,065.63 RMB, representing 73.93% of the average annual net profit[162]. - The company has a cash dividend policy that mandates a minimum of 30% of the average annual distributable profit over the last three years to be distributed in cash[156]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The board of directors and supervisory board members have confirmed the accuracy and completeness of the annual report[3]. - The company maintains effective internal control over financial reporting as per the audit report by Tianjian Accounting Firm[167]. - There were no significant deficiencies in the internal control system during the reporting period[167]. Environmental and Social Responsibility - The company published its first ESG report, highlighting its performance in environmental, social, and governance areas[29]. - The company invested 7.239 million yuan in environmental protection during the reporting period[169]. - The company is committed to sustainable development and environmental protection initiatives[138]. - The company has established a soil pollution risk assessment system, ensuring continuous monitoring and reporting of soil and groundwater conditions[194]. Business Operations and Market Position - The ecological environmental protection business generated RMB 904 million, accounting for 51.13% of total revenue, a decrease of 19.36%[28]. - The biological pesticide business reported revenue of RMB 256 million, representing 14.48% of total revenue, down 17.59%[28]. - The company completed the acquisition of a 36% stake in Haining Water Company, strengthening its market position in the water industry[28]. - The company aims to become a leading supplier of ecological products and services, actively expanding its water supply and drainage market[47]. Research and Development - The company has established multiple innovation platforms and collaborates with renowned universities to enhance its R&D capabilities[64]. - The total number of R&D personnel is 144, making up 3.87% of the company's total workforce[85]. - The company is focusing on the development of new pesticide formulations, with five new formulations completing small-scale trials and optimization[88]. - The company is actively increasing its product R&D efforts to innovate formulations and improve production quality while optimizing sales structures[121]. Risk Management - The company has outlined potential risk factors in the management discussion and analysis section[8]. - The company is focusing on risk prevention by tightening accounts receivable management to ensure overall financial balance and prevent asset impairment risks[117]. - The supervisory board found no dissenting opinions regarding the company's risk management during the reporting period[150]. Governance and Management - The company held 1 annual general meeting and 1 extraordinary general meeting during the reporting period, along with 8 board meetings and 4 supervisory meetings, enhancing its governance structure[126]. - The board consists of 9 directors, including 3 independent directors, ensuring compliance with legal requirements and effective decision-making[127]. - The company has a diverse management team with members holding positions in multiple organizations, enhancing its strategic influence[137]. Investment and Capital Expenditure - The company reported a net cash inflow from financing activities of 420 million RMB, a 300.52% increase compared to the previous year, due to increased fundraising for construction needs[67]. - The company has major fixed assets with a book value of 4,813.77 million RMB, of which 2,983.68 million RMB is under mortgage for loan guarantees[95]. - The company reported a total investment of 23,103.20 million RMB during the reporting period, a significant increase of 22,353.20 million RMB compared to the same period last year, which had an investment of 750 million RMB[98]. Employee and Labor Relations - The company has a total of 2,021 employees, with 425 in the parent company and 1,596 in major subsidiaries[151]. - The company conducted 1,187 training sessions in 2024, with a total of 34,396 participants, focusing on safety and environmental training[153]. - The company’s employee compensation structure includes base salary, benefits, performance pay, and year-end bonuses, with adjustments based on performance evaluations[152].