JOUDER PRECISION(SZ:300549)2025-04-22 12:50Financial Performance - The company's operating revenue for 2024 was CNY 347,087,748.54, representing a 1.56% increase compared to CNY 341,762,415.14 in 2023[22]. - The net profit attributable to shareholders for 2024 decreased by 20.97% to CNY 13,698,660.43 from CNY 17,334,178.74 in 2023[22]. - The net profit after deducting non-recurring gains and losses was CNY 9,099,933.45, down 23.14% from CNY 11,839,848.92 in 2023[22]. - The net cash flow from operating activities for 2024 was CNY 22,512,752.01, a significant decline of 61.76% from CNY 58,867,123.04 in 2023[22]. - Basic earnings per share for 2024 were CNY 0.1027, down 21.00% from CNY 0.130 in 2023[22]. - Total assets at the end of 2024 increased by 3.89% to CNY 712,613,127.62 from CNY 685,956,282.11 at the end of 2023[22]. - The company's net assets attributable to shareholders at the end of 2024 were CNY 549,636,486.92, a slight increase of 0.07% from CNY 549,271,826.49 in 2023[22]. - The company achieved operating revenue of 347 million yuan, a slight increase of 1.56% year-on-year, but the net profit attributable to ordinary shareholders decreased by 20.97% to 13.6987 million yuan[53]. Market and Industry Insights - The automotive industry in China achieved a production and sales volume of 31.28 million and 31.43 million vehicles in 2024, representing year-on-year growth of 3.7% and 4.5% respectively[32]. - The market size of China's industrial automation sector reached 279.5 billion in 2023, with a compound annual growth rate of approximately 8.84% from 2018 to 2023[33]. - The medical device market in China reached 1,032.8 billion in 2023, growing by 5.07% year-on-year, with a compound annual growth rate of 16.12% from 2016 to 2023[35]. - The automotive industry profit margin decreased to 4.4%, with a year-on-year decline of 7.3% in total profits for the automotive manufacturing sector from January to November 2024[45]. Research and Development - The company has a professional R&D team of nearly 100 people, continuously enhancing its technical innovation capabilities in precision mold components and automation equipment[48]. - The company achieved a total of 28 invention patents, 48 utility model patents, and 9 design patents by the end of 2024, reflecting its commitment to innovation[56]. - The company is focusing on optimizing inventory management and strengthening accounts receivable risk control to improve overall operational performance[53]. - The company is developing a specialized medical R&D center to focus on breakthroughs in biocompatible materials and precision components for surgical robots[92]. - The company plans to increase R&D investment in automation and medical device sectors, enhancing customization capabilities for precision components[93]. Operational Efficiency and Cost Management - The company has established a digital control platform covering order management, product design, and manufacturing processes, enhancing production efficiency and reducing costs[51]. - The company continues to optimize its product structure and enhance product competitiveness in response to the automotive industry's demand for upgraded components[32]. - The company has implemented strict budget management and cost control measures, resulting in reduced project costs and surplus funds across multiple projects[86]. - The company aims to enhance operational efficiency through a three-pronged approach: dynamic cost monitoring, AI technology application, and smart manufacturing upgrades[93]. Corporate Governance and Compliance - The company has established a complete independent business system, ensuring operational independence from the controlling shareholder[107]. - The company maintains an independent financial department and has established a separate financial accounting system[108]. - The audit committee oversees the implementation of internal control systems and the execution of financial information reviews[106]. - The company has not experienced any non-operating fund occupation or illegal guarantees from the controlling shareholder during the reporting period[103]. - The company has a clear dividend policy to safeguard shareholder interests and ensure compliance with relevant laws and regulations[158]. Shareholder Engagement and Dividends - The company plans to distribute a cash dividend of CNY 0.5 per 10 shares to all shareholders, based on a total of 133,340,000 shares[6]. - The total cash dividend amount is 6,667,000 RMB, which complies with the company's profit distribution policy[144]. - The company has a cash dividend policy that requires a minimum of 40% of profits to be distributed as cash dividends during the mature phase of development[144]. Environmental and Social Responsibility - The company achieved a cumulative solar power generation of 1.0173 million kWh in 2024, equivalent to saving 310 tons of standard coal and reducing carbon emissions by 838 tons[157]. - The company received the national-level green factory title in 2023 and the near-zero carbon factory title in 2024[156]. - The company has established a comprehensive environmental management system certified by ISO standards, including ISO 14001 for environmental management[156]. - The company donated RMB 157,000 to support social welfare initiatives in the Kunshan area during the reporting period[163]. Future Outlook and Strategic Plans - The company plans to continue expanding its market presence and product offerings through ongoing investments in R&D and automation technologies[83]. - Future outlook includes a focus on enhancing production capabilities and exploring potential mergers and acquisitions to drive growth[83]. - The company aims to enhance its core competitiveness by expanding product categories, focusing on high-value sectors such as new energy, semiconductors, and medical devices[92]. - The company is considering strategic acquisitions to enhance its product portfolio, with a target of acquiring two companies by mid-2024[7].