Jikai(SZ:002691)2025-04-18 14:00Financial Performance - The company's operating revenue for 2024 was ¥382,687,751.82, representing a 13.62% increase compared to ¥336,808,679.30 in 2023[18]. - The net profit attributable to shareholders for 2024 was -¥1,804,401.90, a slight improvement of 1.12% from -¥1,824,780.81 in 2023[18]. - The net cash flow from operating activities was -¥7,884,050.35, a significant decline of 109.59% compared to ¥82,217,077.46 in 2023[18]. - The total assets at the end of 2024 were ¥1,179,720,912.66, an increase of 4.27% from ¥1,131,460,044.27 at the end of 2023[18]. - The net assets attributable to shareholders decreased slightly by 0.15% to ¥894,211,918.10 at the end of 2024 from ¥895,514,164.76 at the end of 2023[18]. - The basic earnings per share for 2024 remained at -¥0.01, unchanged from 2023[18]. - The company reported a decrease in net profit after deducting non-recurring gains and losses to -¥34,194,594.55, a decline of 6.90% from -¥31,987,578.36 in 2023[18]. - The weighted average return on net assets for 2024 was -20.16%, slightly improved from -20.32% in 2023[18]. Revenue and Sales - In Q4 2024, the company's operating revenue reached ¥189,753,504.69, with a total annual revenue of ¥382,687,751.82, reflecting a significant increase compared to previous quarters[23]. - The company achieved operating revenue of 382.69 million yuan, a year-on-year increase of 13.62%, with main business revenue of 374.42 million yuan, up 14.44%[47]. - The company’s mechanical manufacturing segment accounted for 97.84% of total revenue, with a year-on-year growth of 14.44%[49]. - The safety drilling rig product line saw a significant revenue increase of 51.60%, contributing 19.86% to total revenue[49]. - The company’s international sales reached 22.23 million yuan, representing 5.81% of total revenue, with a year-on-year growth of 5.84%[49]. Cash Flow and Investments - The cash flow from operating activities decreased by 105.59% compared to the previous year, primarily due to reduced cash inflows from operations[47]. - The total cash inflow from investment activities increased by 3,317,562.10%, attributed to the maturity of structured deposits[60][62]. - The company’s cash and cash equivalents decreased by 108.73%, reflecting a significant drop in net cash flow from operating activities[62]. Subsidiary Performance - The company's subsidiary, Jikai Hebei Electromechanical Technology Co., Ltd., reported a revenue of 369.99 million yuan for 2024, an increase of 19.57% year-on-year; operating profit was 35.26 million yuan, up 191.32%; and net profit was 32.06 million yuan, up 111.68%[72]. - The subsidiary, Hebei Jikai Casting Co., Ltd., had a revenue of 4.26 million yuan in 2024, a decrease of 38.63%; operating profit was 2.08 million yuan, an increase of 35.31%; and net profit was 2.10 million yuan, an increase of 38.21%[73]. - The subsidiary, Shandong Jikai Equipment Manufacturing Co., Ltd., reported a revenue of 83.43 million yuan for 2024, an increase of 18.61%; however, it incurred an operating loss of 37.82 million yuan, a decrease of 76.12%; and a net loss of 31.59 million yuan, a decrease of 78.23%[73]. - The subsidiary, Guizhou Xingmao Mining Equipment Manufacturing Co., Ltd., had a revenue of 17.79 million yuan in 2024, a decrease of 40.78%; it reported an operating loss of 3.80 million yuan, a decrease of 305.95%; and a net loss of 3.36 million yuan, a decrease of 395.94%[74]. Research and Development - Research and development expenses increased by 9.59% to 20,176,258.72 yuan, accounting for 5.27% of total revenue[57][58]. - The number of R&D personnel decreased by 27.86% to 101, with a corresponding drop in the proportion of R&D staff to total employees[58]. - The company is committed to enhancing its research and development capabilities in intelligent mining equipment, responding to increasing demand in the coal mining sector[76]. - The company emphasizes technological innovation and R&D, maintaining a tiered R&D model to ensure product advancement and competitive advantage[78]. - The company plans to increase R&D investment to strengthen its core competitive capabilities for future development[78]. Market and Strategic Initiatives - The company plans to expand its market presence by enhancing its product offerings in automated drilling and safety equipment, leveraging AI technologies for improved operational efficiency[33]. - The company aims to expand its market presence by maintaining existing markets and developing new ones, focusing on strategic partnerships with quality clients[77]. - The company is exploring potential mergers and acquisitions to enhance its market position[91]. - Market expansion plans include entering two new regions, which are projected to increase market share by 10%[99]. Corporate Governance - The company has established a sound corporate governance structure, complying with relevant laws and regulations, ensuring equal rights for all shareholders[83]. - The board of directors consists of 9 members, including 3 independent directors, and operates in accordance with legal requirements[84]. - The company held its annual general meeting with a participation rate of 66.27% on May 23, 2024, discussing key proposals including the annual financial report and profit distribution plan[87]. - The company has developed a talent evaluation and incentive mechanism to build a stable research team through internal training and talent acquisition[78]. - The company has established long-term partnerships with suppliers and customers, promoting fair and honest business practices[126]. Environmental and Social Responsibility - The company is committed to sustainability and has implemented measures to reduce its environmental impact[91]. - The company reported zero instances of administrative penalties related to environmental issues during the reporting period[124]. - The company adheres to sustainable development strategies, implementing safety and environmental protection measures[127]. - No significant environmental violations were reported, and the company is not classified as a key pollutant discharge unit[124]. Audit and Compliance - The audit opinion for the financial statements is a standard unqualified opinion, indicating a fair representation of the company's financial status as of December 31, 2024[183]. - The audit was conducted by Zhongxing Cai Guanghua Accounting Firm, with the report signed on April 18, 2025[183]. - The company has engaged Zhongxing Caiguanghua Accounting Firm for auditing services, with a fee of RMB 580,000, and the firm has been providing services for 8 years[138]. - The company has appointed Zhongxing Caiguanghua Accounting Firm for internal control auditing, with a fee of RMB 130,000 for the 2024 fiscal year[139]. Shareholder Information - The largest shareholder, Feng Chunbao, holds 34.29% of the shares, totaling 116,580,255 shares, with no change during the reporting period[170]. - The second largest shareholder, Dafu Investment, holds 29.00% of the shares, totaling 98,600,000 shares, with no change during the reporting period[170]. - The company has a total of 340,000,000 shares, with no changes in the overall share structure reported[168]. - The report indicates that the company has a total of 14,243 shareholders at the end of the reporting period[170].