JONES TECH PLC(SZ:300684)2025-04-23 12:30Financial Performance - The company's operating revenue for 2024 reached ¥1,566,285,115.53, representing a 24.51% increase compared to ¥1,257,911,746.32 in 2023[19]. - Net profit attributable to shareholders for 2024 was ¥201,387,773.06, a significant increase of 173.04% from ¥73,756,521.69 in 2023[19]. - The net profit after deducting non-recurring gains and losses was ¥174,393,009.64, up 228.14% from ¥53,146,021.11 in the previous year[19]. - The net cash flow from operating activities for 2024 was ¥239,868,877.52, an increase of 26.46% compared to ¥189,685,191.91 in 2023[19]. - Basic earnings per share for 2024 were ¥0.6761, reflecting a 160.64% increase from ¥0.2594 in 2023[19]. - Total assets at the end of 2024 amounted to ¥2,522,564,804.78, an 11.51% increase from ¥2,262,180,293.47 at the end of 2023[19]. - Net assets attributable to shareholders increased to ¥2,033,761,214.60, a rise of 7.26% from ¥1,896,074,420.57 in 2023[19]. - The weighted average return on net assets for 2024 was 10.32%, up from 4.30% in 2023, indicating improved profitability[19]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of ¥6.5 per 10 shares, based on a total share capital of 298,010,623 shares[3]. - The company implemented a cash dividend policy, distributing RMB 2.40 per 10 shares, totaling RMB 71,754,581.52 (including tax) for the fiscal year 2023[164]. - The cash dividend accounted for 100% of the total profit distribution during the reporting period[165]. - The company plans to distribute RMB 6.5 per 10 shares in the 2024 profit distribution plan, totaling RMB 193,706,904.95 (including tax)[165]. - The company has established a three-year shareholder return plan for 2023-2025 to enhance investor returns and protect minority shareholders' rights[163]. Research and Development - The company maintains a strong R&D focus, developing advanced technologies that create high barriers to entry in the market, ensuring it remains at the forefront of the industry[43]. - The company invests in R&D and modern enterprise operations to enhance its core competitiveness in a competitive market environment[52]. - Research and development expenses rose by 5.86% to 84,353,588.10 CNY in 2024, compared to 79,683,327.27 CNY in 2023[72]. - The company is actively developing new products and technologies, including VC liquid absorption cores, to establish core technological barriers[47]. - The company has filed a total of 278 patents, including 131 invention patents, demonstrating its commitment to innovation and technology advancement[60]. Market and Industry Focus - The company is focused on providing advanced thermal management solutions for high-growth industries such as consumer electronics and digital infrastructure[28]. - The digital infrastructure sector is expected to see increased demand for thermal management and electromagnetic shielding solutions due to the rapid growth of AI and data center requirements[33]. - The company aims to enhance its product value by actively introducing new products and technologies to meet market demands[34]. - The company is positioned to benefit from the growing demand for high-performance thermal management solutions in the context of increasing chip power density and performance requirements[30]. - The intelligent transportation industry is transitioning from electrification to intelligence, with major automakers focusing on smart driving and smart cockpit technologies to capture market share[35]. Corporate Governance - The company held 2 shareholder meetings during the reporting period, ensuring compliance with legal requirements and protecting the rights of all shareholders, especially minority shareholders[120]. - The board of directors consists of 9 members, including 3 independent directors, and has held 6 meetings, ensuring effective governance and decision-making processes[121]. - The supervisory board, comprising 3 members, has conducted 7 meetings, overseeing the company's financial status and compliance of directors and senior management[122]. - The company maintains independent operations and governance, ensuring no adverse effects from the controlling shareholder on its decision-making processes[124]. - The company has established a complete governance structure, including a shareholders' meeting, board of directors, and supervisory board, ensuring independent management[132]. Environmental and Social Responsibility - The company achieved a 26.63% reduction in carbon emission intensity compared to the previous year, following ISO14064 third-party verification[179]. - The company completed the energy management system certification ISO5001 at its Wuxi factory in 2024[179]. - The company has implemented energy-saving projects, saving approximately 7,000 KWH of electricity monthly, totaling 84,000 KWH for the year 2024[179]. - The company is committed to using 100% carbon-free electricity in its operations[179]. - The company emphasizes the importance of social responsibility and has engaged in charitable activities to support impoverished areas[184]. Strategic Initiatives and Future Outlook - Future outlook includes a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[142]. - The company is investing in R&D for new technologies, with a budget allocation of $10 million for the upcoming year to enhance product offerings[143]. - Market expansion plans include entering three new international markets by the end of 2024, aiming to increase global market share by 10%[144]. - The company has completed a strategic acquisition of a competitor for $50 million, expected to enhance its product portfolio and market position[145]. - The board has approved a new strategy focusing on digital transformation, aiming to increase operational efficiency by 20% over the next two years[146]. Financial Management and Investments - The company reported a total investment income of $10,149,078.59, representing 4.29% of total profit, mainly from realized financial product investments[78]. - The total investment amount for the reporting period was ¥143,332,435, an increase of 39.37% compared to ¥102,844,012 in the same period last year[85]. - The company has ongoing projects, including a 5G high-efficiency heat dissipation module construction project, with a total commitment of ¥61,670.95 million[95]. - The company has not engaged in any securities or derivative investments during the reporting period[87][88]. - The company has a long-term investment strategy focused on electronic components and new material technology development[86].