JJHB(SH:603279)2025-04-22 08:35Financial Performance - The company's operating revenue for 2024 was CNY 6,129,461,218.66, a decrease of 1.92% compared to CNY 6,249,319,078.33 in 2023[23] - The net profit attributable to shareholders for 2024 was CNY 848,231,191.34, down 15.86% from CNY 1,008,089,458.88 in 2023[23] - The basic earnings per share for 2024 were CNY 1.49, a decrease of 16.29% from CNY 1.78 in 2023[24] - The weighted average return on equity for 2024 was 18.82%, down 4.71 percentage points from 23.53% in 2023[24] - The net assets attributable to shareholders at the end of 2024 were CNY 4,464,089,226.13, a decrease of 1.72% from CNY 4,542,064,792.49 at the end of 2023[23] - The company achieved operating revenue of CNY 6,129.46 million, with a net profit attributable to shareholders of CNY 848.23 million, a decrease of 15.86% year-on-year due to lower sales prices of core products[34] - The company reported a net profit of CNY 228.53 million in Q1 2024, with a net profit attributable to shareholders of CNY 230.21 million in Q2 2024[26] - The company’s total revenue for Q3 2024 was CNY 1,576.96 million, with a net profit of CNY 206.27 million[26] Cash Flow and Investments - The net cash flow from operating activities increased significantly to CNY 1,040,530,374.86, a rise of 288.21% compared to CNY 268,029,962.68 in 2023[23] - The company’s cash outflow for raw material procurement decreased due to improved inventory turnover, contributing to the increase in cash flow from operations[34] - The company’s financial assets increased significantly, with trading financial assets rising from CNY 8,626 to CNY 50,322,384.66 during the reporting period[31] - The company distributed cash dividends of 6.11 million yuan in 2023, accounting for 60.64% of the net profit attributable to shareholders[39] - The proposed cash dividend for 2024 is 0.40 yuan per share, totaling approximately 2.31 billion yuan based on the year-end share capital[39] - The cumulative cash dividend over the last three accounting years amounts to 1,799,010,164 CNY, with an average annual net profit of 896,746,439.97 CNY[143] Research and Development - The company holds 885 domestic patents and 35 international invention patents as of December 31, 2024, reflecting ongoing investment in technology innovation[35] - The company’s total R&D expenditure for the period was approximately ¥151.76 million, representing 2.48% of total revenue[81] - The number of R&D personnel is 437, accounting for 7.74% of the total workforce[82] - The company is committed to becoming a world-leading manufacturer of complete filtration equipment, with ongoing investments in product development[83] Market and Industry Trends - The market for filtration equipment is expected to grow due to increasing environmental regulations and the push for clean production[42] - The company’s products are positioned to benefit from the rising demand for high-efficiency and energy-saving production technologies across industries[41] - The company has established strong partnerships with leading enterprises in the lithium battery industry, leveraging its expertise in filtration technology[50] - The company’s filtration equipment is increasingly applied in various sectors, including new materials, chemicals, and sand and gravel industries, indicating a broadening market scope[53] Environmental Compliance and Initiatives - The company has implemented various pollution control facilities, including low-nitrogen combustion for natural gas boilers[158] - The company achieved a 100% compliance rate for major pollutants in the 2024 environmental monitoring and self-monitoring program[163] - The company was awarded the title of "2024 Green Factory" by the Dezhou Municipal Bureau of Industry and Information Technology in April 2024[165] - The company has established an emergency response plan for environmental incidents, with a registration number of 371471-2024-035-L[162] Governance and Management - The company has established a robust governance structure to ensure compliance with legal regulations and protect shareholder rights[112] - The company emphasizes strict internal controls and management improvements to safeguard shareholder interests and enhance operational quality[105] - The company actively engages with investors through multiple communication channels, enhancing investor understanding and recognition[114] - The company has proposed a profit distribution plan for the first three quarters of 2024, reflecting its commitment to shareholder returns[117] Shareholder and Stock Information - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 6.1468 million yuan[123] - The company completed the repurchase of 8,059,329 shares, which will be used for the implementation of the 2022 restricted stock incentive plan[144] - The total number of shares repurchased and canceled due to the 2022 restricted stock incentive plan for departing employees amounted to 225,400 shares, with no significant impact on basic earnings per share or net assets per share[199] Social Responsibility - Total investment in social responsibility projects amounted to 50,000 CNY, all in cash donations[167] - The company has committed to avoiding competition with its controlling shareholder and related parties, ensuring no direct or indirect competition in business operations[174] - The company has not reported any specific measures or outcomes related to poverty alleviation or rural revitalization efforts[168]