JT(SZ:300400)2025-04-22 13:25Financial Performance - The company's operating revenue for 2024 was ¥728,746,431.15, representing a 1.19% increase compared to ¥720,146,735.34 in 2023 [25]. - Net profit attributable to shareholders for 2024 reached ¥83,171,973.71, a significant increase of 110.98% from ¥39,421,370.20 in 2023 [25]. - The net profit after deducting non-recurring gains and losses was ¥74,516,932.95, up 133.45% from ¥31,920,191.24 in the previous year [25]. - The net cash flow from operating activities improved by 22.21% to ¥122,638,212.39 from ¥100,349,075.61 in 2023 [25]. - The total assets at the end of 2024 were ¥1,162,173,495.48, a decrease of 2.04% from ¥1,186,321,062.45 at the end of 2023 [25]. - The company reported a total of ¥8,655,040.76 in non-recurring gains for 2024, compared to ¥7,501,178.96 in 2023 [31]. - The company's electronic thermal equipment sales revenue reached CNY 633.35 million, while peripheral equipment sales revenue was CNY 4.49 million, totaling a 15.12% increase compared to the previous year [54]. - The company's overseas sales revenue was CNY 83.52 million, representing a year-on-year growth of 32.33% [55]. - The overall gross margin for specialized equipment products was 34.92%, remaining stable compared to the same period last year [56]. - The company achieved a gross margin of 34.92% in the specialized equipment manufacturing sector, with a slight decrease of 0.04% from the previous year [86]. Dividend Distribution - The company plans to distribute a cash dividend of 4.00 RMB per 10 shares to all shareholders, based on a total share capital of 242,625,800 shares [8]. - The company plans to distribute a cash dividend of RMB 1.25 per 10 shares, totaling RMB 30,328,225.00, based on a total share capital of 242,625,800 shares for the 2023 fiscal year [192]. - For the 2024 interim cash dividend, the company will distribute RMB 3.80 per 10 shares, totaling RMB 92,197,804.00, also based on a total share capital of 242,625,800 shares [193]. - The total cash dividend for the 2023 fiscal year is RMB 97,050,320.00, which represents 100% of the total profit distribution [196]. - The company’s profit distribution plan for 2024 includes a cash dividend of RMB 4.00 per 10 shares, totaling RMB 97,050,320.00, based on the same total share capital [199]. - The company emphasizes a minimum cash dividend ratio of 80% during profit distribution, reflecting its commitment to shareholder returns [198]. - The company has established a shareholder dividend return plan for the next three years (2024-2026) to enhance shareholder return awareness and ensure the sustainability of profit distribution policies [144]. Market Position and Growth - The company has established a strong presence in the automation equipment market, with significant growth in user data and market share [20]. - The PCB market in China is projected to grow from ¥3,632.57 billion in 2023 to approximately ¥4,121.1 billion in 2024, indicating strong market demand [36]. - The global market for PCB and semiconductor reflow soldering equipment is expected to grow from ¥2.3 billion in 2022 to ¥3.1 billion by 2029, with a CAGR of 4.1% [38]. - The company is actively exploring market expansion opportunities to enhance its competitive position [20]. - The company is focusing on enhancing its product innovation and technology development, particularly in digital and intelligent manufacturing technologies [69]. - The company plans to expand its market presence in sectors such as Mini LED, new energy IGBT modules, and high-end automotive electronics [71]. - The company is considering strategic acquisitions to enhance its product offerings and market presence, with potential targets identified [140]. Research and Development - The company has a focus on developing new technologies and products, particularly in the field of automation equipment [20]. - The company holds 98 software copyrights and 129 patents, including 41 Chinese invention patents, demonstrating strong R&D capabilities [60]. - R&D investment increased compared to the same period last year, impacting net profit due to the early termination of the second employee stock ownership plan, resulting in accelerated share payment expenses of 8.92 million yuan [64]. - The company is focusing on enhancing product competitiveness through various R&D projects, including AI software and flexible display testing technologies [97]. - Research and development investment amounted to ¥52,007,672.99, representing 7.14% of operating revenue, slightly up from 7.09% in 2023 [100]. - The company is committed to providing comprehensive welfare plans to enhance employee satisfaction and meet personal and family needs [188]. Corporate Governance - The company maintains a commitment to corporate governance and social responsibility as part of its operational strategy [5]. - The company has a well-defined corporate governance structure, complying with the Company Law and its articles of association [158]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements [148]. - The supervisory board is composed of 3 supervisors, including 2 shareholder representatives and 1 employee representative, meeting legal requirements [149]. - The company has implemented a performance evaluation and incentive system for directors and senior management, which aligns with the company's development status [151]. - The company emphasizes transparent information disclosure and investor relations management, ensuring all shareholders have equal access to information [152]. - The company has implemented a mentorship program for high-potential talent to foster a learning-oriented organization [189]. Operational Efficiency - The company aims to improve operational efficiency and reduce costs through the implementation of AI and digital management practices [78]. - The company has established long-term partnerships with suppliers to ensure stable and timely supply of key materials [52]. - The company has implemented new strategies to improve operational efficiency, aiming for a cost reduction of C% across various departments [140]. - The company has established a mature production and supporting system, ensuring industry-leading rapid order delivery capabilities [61]. - The company is committed to strengthening internal controls and governance to enhance overall operational effectiveness [78]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans [7]. - The company has outlined potential risks and corresponding mitigation strategies in its future development outlook [8]. - The company acknowledges potential risks from macroeconomic fluctuations and aims to maintain product competitiveness while expanding overseas [131]. - The company faces risks from intensified market competition in the electronic assembly equipment sector, emphasizing the need for continuous upgrades in comprehensive strength and product capabilities [133]. - The company is addressing accounts receivable recovery risks by ensuring responsible follow-up on client payments and conducting regular assessments of receivable risks [137]. Employee Management - The total number of employees at the end of the reporting period is 900, with 899 from the parent company and 1 from a major subsidiary [186]. - The professional composition includes 424 production personnel, 62 sales personnel, 191 technical personnel, 14 financial personnel, 18 administrative personnel, 136 R&D personnel, and 55 other functional personnel [187]. - The company emphasizes a competitive salary system and incentive plans to attract and retain high-performance employees [188]. - The company has implemented employee stock ownership plans and long-term incentive programs to enhance employee engagement and achieve mutual benefits [188]. - The company has established a comprehensive training program to enhance employee capabilities, focusing on various business needs and professional requirements [190]. Management Changes - The company experienced a change in management, with Wu Siyuan elected as chairman and Zhu Xi appointed as general manager, effective February 19, 2024, and April 18, 2024, respectively [163]. - The company had several resignations, including former chairman Wang Xinjie and former financial officer Shao Shuli, both effective February 1, 2024, due to personal reasons [164]. - The company’s current management team includes professionals with extensive backgrounds in engineering and finance, enhancing its operational capabilities [165]. - The company’s board of directors has undergone significant changes, with multiple new appointments aimed at strengthening governance and oversight [163].