Beijing JCZ Technology (SH:688291)2025-04-18 10:50Financial Performance - The company's operating revenue for 2024 was approximately ¥212.12 million, a decrease of 3.44% compared to ¥219.68 million in 2023[25]. - The net profit attributable to shareholders for 2024 was approximately ¥30.50 million, down 27.78% from ¥42.22 million in 2023[25]. - The basic earnings per share for 2024 was ¥0.30, reflecting a decline of 26.83% compared to ¥0.41 in 2023[24]. - The net profit after deducting non-recurring gains and losses for 2024 was approximately ¥20.31 million, down 28.22% from ¥28.30 million in 2023[25]. - The company experienced a reduction in government subsidies received compared to the previous year, contributing to the decline in net profit[24]. - The total revenue for the reporting period was CNY 21,212.38 million, reflecting a decrease of 3.44% from CNY 21,968.18 million[40]. - The company reported a net profit decline of 1,101.28 million for Suzhou Jinchengzi due to increased competition and higher R&D expenses[125]. - The company achieved operating revenue of 212.12 million yuan, a decrease of 3.44% compared to the same period last year[90]. - The net profit attributable to shareholders was 30.50 million yuan, down 27.78% year-on-year[90]. - Total assets at the end of the reporting period amounted to 982 million yuan, a decline of 0.70% year-on-year[90]. - Net assets attributable to shareholders were 925 million yuan, a decrease of 0.64% compared to the previous year[90]. Research and Development - The company's R&D expenditure as a percentage of operating revenue increased to 28.55% in 2024, up from 24.77% in 2023, indicating a focus on innovation[24]. - The total R&D expenditure for the year was ¥60,563,842.92, an increase of 11.31% compared to the previous year[66]. - R&D expenditure accounted for 28.55% of total revenue, up by 3.78 percentage points from the previous year[66]. - The company applied for 62 new intellectual properties during the reporting period, with 49 granted, bringing the total to 358 valid intellectual properties[64]. - The company is focusing on the research and development of laser industrial processing control systems and core components, striving to become a competitive expert in beam transmission and control technology[129]. - The company is investing 50 million in R&D for new technologies aimed at enhancing user experience[145]. - Research and development efforts are focused on innovative technologies, with a budget increase of 25% to $100 million for the upcoming fiscal year[147]. - The company is enhancing its R&D capabilities by attracting high-end talent to meet the demands of advanced laser manufacturing[77]. Corporate Governance - The board of directors and supervisory board members have confirmed the authenticity and completeness of the annual report[3]. - There are no violations of decision-making procedures for providing guarantees[10]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[9]. - The company has maintained compliance with corporate governance standards, ensuring transparency and accountability[145]. - The company has established internal control systems in compliance with relevant laws and regulations, including the "Fund Management System" and "Information Disclosure Management System" to ensure standardized operations[187]. - The internal control audit report for the year 2024 received a standard unqualified opinion, indicating effective internal controls[189]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance requirements[192]. Market Expansion and Strategy - The company is expanding into high-end application fields such as new energy batteries, consumer electronics, and semiconductors[37]. - The company aims to strengthen its market expansion efforts and enhance its product offerings through continuous R&D in laser technology[41]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[93]. - The company plans to establish overseas branches to consolidate and expand its market share[130]. - The company is targeting a revenue growth rate of over 20% for the next fiscal year[146]. - The company plans to invest CNY 40,000,000.00 in Suzhou Kamenhas Laser Technology Co., holding a 20.00% stake, with actual investment paid amounting to CNY 30,000,000.00 as of the reporting period[121]. - The company is exploring potential acquisitions to enhance its product offerings and market presence, with a budget of $300 million allocated for this purpose[147]. Employee and Compensation - The company has a total of 369 employees, with 62 individuals (16.80%) participating in the stock incentive plan[184]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 940.92 million[156]. - The total remuneration for core technical personnel at the end of the reporting period was 552.42 million[156]. - The company has established a salary incentive system that combines short-term and long-term incentives, promoting employee engagement and development[168]. - The company emphasizes employee training, conducting various training sessions to enhance skills and competencies across different roles[169]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.65 CNY per 10 shares, totaling approximately 6,559,799.48 CNY, which represents 21.51% of the net profit attributable to shareholders for the fiscal year 2024[7]. - The profit distribution policy allows for cash dividends, with a minimum of 20% of distributable profits to be allocated as dividends in profitable years[171]. - The cumulative cash dividend amount over the last three accounting years is 1,677.52 million RMB, with an average net profit of 3,635.95 million RMB, resulting in a cash dividend ratio of 46.14%[179]. - The company did not propose a cash profit distribution plan despite having a positive profit available for distribution to shareholders[176]. Environmental and Social Responsibility - The company invested 0.42 million yuan in environmental protection measures during the reporting period, ensuring compliance with environmental regulations[195]. - The company achieved an ESG rating of BB from Shanghai Huazheng Index Information Service Co., Ltd., an improvement from the previous year[193]. - The company actively engages in social responsibility initiatives, including community support and educational collaborations with Beijing University of Technology[191]. - The company has implemented measures to promote green development, including equipment upgrades and energy-saving technologies[198]. - The company emphasizes ethical standards in technology innovation and business expansion, ensuring that advancements benefit society and the environment[200].