杰美特(300868) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 reached ¥761,637,261.70, representing a 12.59% increase compared to ¥676,481,461.43 in 2023[18]. - The net profit attributable to shareholders for 2024 was ¥7,074,173.83, a significant turnaround from a loss of ¥91,622,868.58 in 2023, marking a 107.72% improvement[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥27,555,717.06, an improvement of 79.34% from -¥133,350,871.66 in the previous year[18]. - The net cash flow from operating activities for 2024 was ¥67,077,552.36, a substantial increase of 208.04% compared to -¥62,086,685.72 in 2023[18]. - Basic earnings per share for 2024 were ¥0.0566, a recovery from -¥0.7272 in 2023, reflecting a 107.78% increase[18]. - Total assets at the end of 2024 amounted to ¥2,111,338,617.62, a slight increase of 0.46% from ¥2,101,672,503.85 at the end of 2023[18]. - The company's net assets attributable to shareholders decreased by 0.33% to ¥1,529,269,255.34 at the end of 2024, down from ¥1,534,282,293.52 in 2023[18]. - The company reported a significant increase in revenue after deducting sales of materials and samples, with the adjusted revenue for 2024 at ¥743,662,029.70 compared to ¥666,416,578.81 in 2023[19]. - The overall gross margin improved due to cost control measures, with ODM/OEM gross margin increasing by 6.27% and proprietary brand gross margin increasing by 1.17% compared to the previous year[38]. - The company achieved a total revenue of 761.64 million yuan in 2024, representing a year-on-year increase of 12.59%[48]. - The gross profit margin improved to 22.93%, up by 5.15% compared to the previous year[51]. Revenue Sources - ODM/OEM business generated revenue of 641.13 million yuan, accounting for 84.18% of total revenue, with a year-on-year growth of 13.56%[48]. - The proprietary brand business generated revenue of 120.50 million yuan, making up 15.82% of total revenue, with a year-on-year increase of 7.70%[48]. - Domestic sales reached 601.59 million yuan, accounting for 78.99% of total revenue, with a year-on-year growth of 32.73%[49]. - Export sales decreased by 28.30% to 160.05 million yuan, representing 21.01% of total revenue[49]. Cash Flow and Investments - The net cash flow from operating activities increased by 208.04% to ¥67,077,552.36, compared to a net outflow of ¥62,086,685.72 in 2023[66]. - The net cash flow from investing activities rose by 101.00% to ¥187,422,079.07, up from ¥93,244,540.32 in the previous year[66]. - The company's cash and cash equivalents increased by ¥257,438,579.68, compared to a decrease of ¥3,211,658.04 in 2023[69]. - The total amount of cash inflow from operating activities was ¥846,401,215.80, reflecting a 25.76% increase from ¥673,052,783.31 in 2023[69]. - The total investment during the reporting period was approximately ¥1.27 billion, showing a decrease of 1.76% compared to the previous year's investment of approximately ¥1.29 billion[78]. Research and Development - The company has completed the development of color aramid weaving and curing technology, aiming to enhance market competitiveness and expand market share in the aramid fiber mobile phone case sector[62]. - The introduction of intelligent dimming technology is expected to significantly improve product quality and user experience, with a focus on innovation and industry upgrades[62]. - The company has successfully developed ultra-light, ultra-thin, and ultra-tough protective shell technology, which enhances user experience and extends device lifespan[62]. - The company is focusing on high-end protective accessories, which are expected to enhance brand image and market competitiveness[63]. - The company plans to strengthen its R&D efforts in new materials and high-quality innovative technologies, aiming for a virtuous cycle of innovation and cost reduction[99]. Strategic Focus and Future Plans - The company aims to enhance brand influence and optimize sales margins as part of its strategic focus for 2024[35]. - The company plans to use 226.18 million CNY of the oversubscription funds to permanently supplement working capital, pending approval from the board and shareholders[84]. - The company aims to achieve multi-dimensional development through technological innovation and the expansion of application fields in smart dimming materials[62]. - The company plans to enhance operational efficiency and reduce costs as part of its 2025 strategic focus, emphasizing customer value creation and technological innovation[97]. - Key areas of focus for 2025 include improving customer engagement through a robust product and service system, leveraging digital twin technology for flexible manufacturing, and optimizing supply chain management[98][99]. Governance and Compliance - The company maintains a complete business system, operating independently from its controlling shareholders and avoiding any unfair related transactions[113]. - The company has established a governance structure that complies with legal and regulatory requirements, ensuring transparency and accountability[111]. - The company has not reported any significant differences between its governance practices and regulatory requirements[111]. - The company has implemented a "Quality and Return Double Improvement" action plan, although details on its disclosure were not provided[104]. - The internal control system has been updated and improved according to regulatory requirements, effectively preventing operational risks and achieving internal control objectives[164]. Shareholder Matters - The company will not distribute cash dividends or issue bonus shares for the fiscal year 2023 due to unmet operational targets, ensuring sustainable development and considering future strategic planning and funding needs[152]. - The cash dividend amount for the fiscal year 2023 is set at RMB 5,702,593.50, which represents 100% of the total profit distribution amount[154]. - The company has a total of 126,724,300 shares as the basis for the cash dividend distribution, with a proposed payout of RMB 0.45 per 10 shares[154]. - The company has a restricted stock incentive plan for 2024, which includes provisions for performance assessment management[120]. - The independent director Qian Rong resigned on February 20, 2024, due to personal reasons[123]. Legal and Regulatory Matters - The company is currently involved in a lawsuit regarding overdue payments, with the court hearing scheduled for June 2025[184]. - The company has no significant litigation or arbitration matters affecting its financial position[184]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[171]. - The company has not disclosed any measures taken to reduce carbon emissions during the reporting period[171]. Employee and Labor Matters - The total number of employees at the end of the reporting period is 1,048, with 454 in the parent company and 697 in major subsidiaries[148]. - The company has established a comprehensive training system to enhance employee skills and promote career development[150]. - The total hours of outsourced labor amounted to 2,210,858.7 hours, with total payments for outsourced labor reaching ¥47,826,449.28[151]. - The company has implemented a salary management system to improve internal equity and external competitiveness of salaries[149].