JCHX(603979)2025-04-24 14:00Financial Performance - The company's operating revenue for 2024 reached ¥9,942,406,397.81, representing a 34.37% increase compared to ¥7,399,214,496.30 in 2023 [26]. - Net profit attributable to shareholders for 2024 was ¥1,583,824,966.89, a 53.59% increase from ¥1,031,227,318.67 in 2023 [26]. - The net cash flow from operating activities increased by 89.24% to ¥2,053,184,661.90 in 2024, up from ¥1,084,971,497.35 in 2023 [27]. - The basic earnings per share for 2024 was ¥2.57, reflecting a 50.29% increase from ¥1.71 in 2023 [28]. - The total assets of the company as of the end of 2024 were ¥16,980,646,682.64, a 24.63% increase from ¥13,625,275,257.28 at the end of 2023 [27]. - The company's net assets attributable to shareholders increased by 24.47% to ¥8,984,300,857.46 at the end of 2024, compared to ¥7,217,984,218.41 at the end of 2023 [27]. - The company's total non-recurring gains and losses amounted to CNY 13,553,382.55 in 2024, compared to CNY 3,160,990.41 in 2023, reflecting a significant increase [32]. - The company reported a significant increase in financial expenses, up 109.40% due to the end of capitalized interest on construction loans [90]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 4.50 per 10 shares (including tax) based on the number of shares eligible for distribution on the record date [6]. - The profit distribution plan is subject to approval at the upcoming shareholders' meeting [6]. Audit and Compliance - The company has received a standard unqualified audit report from Zhonghui Certified Public Accountants [5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management team [5]. - There are no non-operating fund occupations by controlling shareholders or related parties [8]. - The company has not experienced any violations of decision-making procedures regarding external guarantees [8]. - The company has not faced any issues with more than half of the directors being unable to ensure the authenticity of the annual report [8]. - All board members attended the board meeting to approve the annual report [4]. Operational Efficiency and Growth - The company experienced significant production efficiency improvements in its mining projects, contributing to the revenue and profit growth [28]. - The weighted average return on equity for 2024 was 19.44%, an increase of 4.00 percentage points from 15.44% in 2023 [28]. - The company achieved a mining supply volume of 41.49 million tons in 2024, with the deepest completed vertical shaft reaching 1,526 meters and the longest inclined roadway measuring 8,008 meters, ranking among the top in the country [50]. - The company has established a comprehensive operational model integrating mining engineering construction, mining operation management, and mining design and technology research, which effectively meets the needs of mine owners and shortens construction cycles [61]. - The company has achieved a leading position in the segmented market by attracting and cultivating talent, ensuring stable business development through a combination of internal and external market strategies [62]. International Expansion and Acquisitions - The company successfully acquired 80% of Lubambe Copper Mine, enhancing its resource layout and operational capabilities in the mining sector [41]. - The company has expanded its international mining service business, with projects in Africa and Eurasia, including the recent acquisition of Australian open-pit mining service provider Terra Mining Pty Ltd to enhance its international operations [51]. - The company signed and renewed contracts worth approximately CNY 11.5 billion, including a 10-year mining contract for the Plang Copper Mine and a 5-year contract for the Kamoa-Kakula Copper Mine [38]. - The company has established a stable customer base including major enterprises such as Jiangxi Copper and Zijin Mining, focusing on large markets and projects [53]. Research and Development - The company has accumulated 4 national-level construction methods, 95 departmental-level construction methods, 27 invention patents, and 180 utility model patents, showcasing its strong technical capabilities [68]. - The company has invested over 50 million yuan in the construction of a filling laboratory, which has developed key devices and systems for precise testing and automatic control of filling parameters [69]. - The laboratory has completed over 30 commissioned experiments and research contracts with domestic and international mining enterprises, resulting in 5 departmental awards and over 20 authorized patents [71]. - The company has established a technical support system with expert groups in various fields, enhancing its technical capabilities across multiple business segments [44]. Environmental, Social, and Governance (ESG) - The company has established a robust ESG management system, integrating environmental, social, and governance principles into its operations to support high-quality development [187]. - The company has increased investments in safety and environmental protection, adhering to national laws and industry regulations, with no major safety or environmental incidents reported during the reporting period [198]. - The company has established a comprehensive quality management system, and no quality issues were reported in completed projects during the reporting period [199]. Market Strategy and Future Outlook - The company is focusing on a market strategy of "large market, large owners, large projects" and is increasing efforts in international market development, aiming for project breakthroughs in new countries [181]. - The company acknowledges the uncertainties in achieving its 2025 operational goals due to various internal and external factors, highlighting the need for risk awareness among investors [179]. - The company is committed to risk identification and management, closely monitoring various risks that could impact operations and implementing control measures [185]. - The company is actively pursuing market expansion through strategic acquisitions and investments in mining projects [152].