JGGF(SZ:300510)2025-04-21 13:20Financial Performance - The company's gross margin has declined due to increased competition and rising raw material costs, leading to a decrease in sales prices for some products [6]. - The company's operating revenue for 2024 was approximately ¥1.08 billion, a decrease of 5.21% compared to ¥1.14 billion in 2023 [19]. - The net profit attributable to shareholders for 2024 was a loss of approximately ¥333 million, representing a decline of 1,405.58% from a profit of ¥25.51 million in 2023 [19]. - The basic earnings per share for 2024 was -¥0.4027, a decrease of 1,407.47% from ¥0.0308 in 2023 [19]. - The financial indicators have shown a significant year-on-year decline due to profit reduction, consistent with industry trends [7]. - The total revenue for the reporting period was approximately ¥1.08 billion, a decrease of 5.21% compared to ¥1.14 billion in 2023 [74]. - The revenue from the power distribution and control equipment segment was ¥711.86 million, accounting for 65.68% of total revenue, with a slight increase of 0.77% year-on-year [74]. - The revenue from the energy storage business increased by 79.51% year-on-year, reaching ¥13.02 million, up from ¥7.25 million in 2023 [74]. - The revenue from the charging pile manufacturing and station operation segment decreased by 20.69% year-on-year, totaling ¥148.28 million [74]. - The company's total sales expenses increased by 36.33% to ¥176.24 million, primarily due to higher bidding consulting service fees [86]. Asset Management - Asset impairment losses were recognized based on prudence, indicating potential impairment of certain assets [6]. - The company reported a significant adjustment in accounting policies, leading to a reduction in operating revenue by approximately ¥25.83 million for 2023 due to changes in revenue recognition for charging services [19]. - The total assets at the end of 2024 were approximately ¥3.35 billion, down 13.07% from ¥3.85 billion at the end of 2023 [19]. - The net assets attributable to shareholders decreased to approximately ¥2.29 billion in 2024, a decline of 13.99% from ¥2.66 billion in 2023 [19]. - The company recorded an asset impairment loss of ¥174,016,855.41, accounting for 47.49% of total profit, primarily due to goodwill and long-term equity investment impairments [102]. Operational Efficiency - The net cash flow from operating activities improved to approximately ¥393 million in 2024, a significant increase of 210.42% compared to a negative cash flow of approximately ¥356 million in 2023 [19]. - Operating cash inflows increased by 49.75% year-on-year to ¥1,752,255,878.09, driven by higher sales and other collections [95]. - The company has implemented a digital management network to enhance production efficiency and resource utilization, significantly reducing product defect rates [64]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs over the next year [160]. - The company will enhance operational efficiency by optimizing resource allocation and reducing costs in design, materials, and manufacturing [124]. Research and Development - The company has added 46 new intellectual property rights during the reporting period, including 10 invention patents and 12 software copyrights [63]. - The number of R&D personnel increased to 198 in 2024, representing a 10% increase from 180 in 2023 [92]. - R&D investment amounted to ¥70,529,030.72 in 2024, a decrease from ¥82,023,612.81 in 2023 [92]. - The company has established partnerships with key universities to enhance its research and development capabilities, forming an innovation chain linking market demand and technology research [63]. - The company is focusing on expanding its technology capabilities and market share through innovative product development and strategic initiatives [90]. Market Position and Strategy - The company aims to become a leading operator of centralized fast charging networks in China, focusing on public transport, logistics parks, and large residential communities [50]. - The company is actively involved in the development of charging infrastructure, aiming for full coverage of charging stations in counties and charging piles in towns [32]. - The company plans to focus on marketing transformation, expanding market share, and increasing direct sales provinces [119]. - The company is exploring potential acquisitions to enhance its product portfolio and market reach [160]. - The company aims to become a leader in carbon neutrality by providing comprehensive system solutions across various industries, including power grids and new energy vehicles [118]. Governance and Compliance - The company has established a standardized corporate governance structure in compliance with relevant laws and regulations, ensuring effective decision-making and supervision mechanisms [196]. - The company has conducted two shareholder meetings during the reporting period, adhering to legal and regulatory requirements for decision-making processes [139]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements [141]. - The company has implemented a governance structure that ensures independence from the controlling shareholder in business, personnel, assets, and financial matters [146]. - The company is committed to continuous improvement in corporate governance, aligning with relevant laws and regulations [138]. Sustainability and Environmental Impact - The company aims for a 5% annual reduction in key pollution and energy consumption metrics, while also targeting a 5% annual increase in resource utilization rates [193]. - The company has received certifications for "green factory" and "zero carbon factory" for its subsidiaries, enhancing its commitment to sustainable practices [193]. - The company achieved a total power generation of 7.65071 million kWh from photovoltaic equipment over the past three years, reducing CO2 emissions by 4,445.06 tons [194]. - The company is actively exploring clean energy development and has increased the use of green electricity to further reduce carbon emissions [194]. - The company has revised its internal control policies to include ESG-related clauses, reflecting a commitment to sustainable development [186]. Employee and Management - The total number of employees at the end of the reporting period is 981, with 366 in the parent company and 615 in major subsidiaries [180]. - The company has established a scientific, transparent, and market-oriented compensation management system to ensure competitive salaries in the industry [181]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 5.0538 million [171]. - The company emphasizes talent development through targeted and diverse learning and development projects for employees [182]. - The company has a remuneration committee responsible for formulating and reviewing the remuneration policies for directors and senior management [169].