JGBR(300421)2025-04-24 12:15Financial Performance - The company's operating revenue for 2024 was CNY 1,044,569,759.40, representing a 4.29% increase compared to CNY 1,001,647,521.29 in 2023[15] - The net profit attributable to shareholders for 2024 was CNY 55,233,542.43, a decrease of 7.76% from CNY 59,883,300.47 in 2023[15] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 56,422,206.36, down 2.11% from CNY 57,638,823.95 in 2023[15] - The cash flow from operating activities for 2024 was CNY 102,701,947.12, an increase of 10.43% from CNY 93,001,501.37 in 2023[15] - The total assets at the end of 2024 were CNY 1,913,175,773.96, reflecting a 4.81% increase from CNY 1,825,351,605.33 at the end of 2023[15] - The net assets attributable to shareholders at the end of 2024 were CNY 1,254,119,328.10, a slight increase of 1.68% from CNY 1,233,378,169.01 at the end of 2023[15] - The basic earnings per share for 2024 were CNY 0.1878, down 7.81% from CNY 0.2037 in 2023[15] - The weighted average return on equity for 2024 was 4.42%, a decrease of 0.26% from 4.68% in 2023[15] Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 1.2 per 10 shares to all shareholders, based on a total of 294,030,484 shares[3] - The cash dividend represents 100% of the total distributable profit of RMB 205,784,415.25 for the reporting period[138] - The company has a profit distribution policy that emphasizes continuous and stable cash dividends, with a total cash dividend of RMB 35,283,658.08 distributed to shareholders, amounting to RMB 1.2 per 10 shares[136] - The company plans to distribute cash dividends of no less than 30% of the annual distributable profits[169] Research and Development - Research and development expenses for 2024 were ¥55,522,695.98, reflecting a 2.68% increase from ¥54,074,844.91 in 2023[67] - The company has a total of 160 patents, including 55 invention patents, showcasing its strong focus on R&D and technological innovation[44] - The company is focusing on the development of high-quality bearing rolling elements, aiming to achieve a product qualification rate of 99.99% through intelligent heat treatment technology[68] - The research and development of ultra-precision grinding technology for G5 grade precision bearing steel balls has been completed, which will significantly enhance the production efficiency and reliability of high-end equipment[68] - The company has completed the research on automatic connection technology for high-speed rail bearing rollers, which will enhance production capacity to meet future market demands[68] Market and Industry Trends - The global bearing rolling body industry is trending towards specialization and scale production, which is essential for reducing production costs[24] - The demand for high-end precision rolling bodies is expected to increase, driven by national policies aimed at improving the localization rate of key mechanical components during the 14th Five-Year Plan[25] - The market concentration for precision rolling bodies is anticipated to rise as the number of companies capable of mass-producing high-precision products remains limited[25] - The company is a leading domestic enterprise in the precision bearing steel ball sector, with main products including bearing steel balls with diameters ranging from 0.80mm to 100.00mm and bearing rollers from 9.00mm to 80.00mm[37] Operational Efficiency and Management - The company has implemented a fully digitalized production management system, improving production efficiency and reducing quality risks[46] - The company has advanced production technology and processes, with some performance indicators exceeding international standards, and has developed high-end specialized rollers that have passed national quality inspections[45] - The company has a comprehensive procurement system and quality assurance framework, ensuring efficient management and stable supply chain operations[39] - The company has maintained long-term relationships with international suppliers like Daido Steel and POSCO, ensuring high-quality raw materials for production[49] Governance and Compliance - The board of directors held a total of 6 meetings and 3 shareholder meetings during the reporting period, ensuring compliance with legal and regulatory requirements[97] - The company maintains independent procurement and sales systems, ensuring operational independence from the controlling shareholder[102] - The company has established clear asset ownership, with no instances of the controlling shareholder misappropriating company funds or assets[104] - The company has a clear governance structure, ensuring that board member appointments follow legal procedures without interference from the controlling shareholder[104] Environmental Responsibility - The company strictly adhered to multiple environmental protection laws and regulations during its operations[149] - The total discharge of chemical oxygen demand (COD) from the company was 21.02 tons, which did not exceed the standard limits[150] - The company has implemented measures to ensure hazardous waste is properly stored and disposed of, with daily inspections conducted[151] - The company invested a total of RMB 4.2767 million in environmental protection-related expenses during the reporting period[153] Social Responsibility - The company actively participated in social welfare activities, including donations for educational support and assistance for employees in need[163] - The company has committed to maintaining shareholder rights and promoting sustainable development while fulfilling social responsibilities[163] - The company aims to integrate social responsibility into its development strategy and corporate culture[163] Employee Management - The total number of employees at the end of the reporting period is 1,245, including 709 from the parent company and 536 from major subsidiaries[132] - The professional composition includes 962 production personnel, 25 sales personnel, 114 technical personnel, 24 financial personnel, and 120 administrative personnel[132][133] - The company has implemented a comprehensive training program, including onboarding and professional skills training, to enhance employee capabilities[135]