JEE(SH:688162)2025-04-24 14:40Financial Performance - The company achieved operating revenue of 352.33 million yuan, a year-on-year decrease of 4.54%[4] - The net profit attributable to shareholders was 21.32 million yuan, marking a turnaround from loss to profit[4] - The company distributed a cash dividend of 2.20 yuan per 10 shares, totaling 29.89 million yuan (including tax) for the first three quarters of 2024[6] - As of December 31, 2024, the cumulative distributable profit for the parent company was 339.11 million yuan[6] - The company plans not to distribute profits or issue new shares in 2024[6] - The company's operating revenue for 2024 was CNY 3,523,285,791.68, a decrease of 4.54% compared to 2023[20] - The net profit attributable to shareholders for 2024 was CNY 21,318,024.29, marking a turnaround from a loss of CNY 204,171,857.48 in 2023[20] - The net cash flow from operating activities improved significantly, reaching CNY 175,206,708.47, an increase of CNY 66,944,550.00 compared to the previous year[21] - Basic earnings per share for 2024 was CNY 0.16, recovering from a loss of CNY 1.49 per share in 2023[21] - The company's total assets increased by 6.12% to CNY 7,599,777,604.50 at the end of 2024 compared to the end of 2023[20] - The net profit attributable to shareholders in the fourth quarter was CNY 41,355,917.66, following a loss in the previous quarters[25] Research and Development - Research and development expenses accounted for 6.25% of operating revenue, a decrease of 2.14 percentage points from the previous year[22] - The company has accumulated 1,019 authorized patents and 192 software copyrights as of December 31, 2024, with 162 new patents granted during the reporting period[62] - Total R&D expenditure for the year was ¥220,168,155.34, a decrease of 28.90% compared to the previous year, with R&D expenditure as a percentage of operating income dropping from 8.39% to 6.25%[65] - The company has made significant progress in multiple R&D projects, including the completion of a multi-in-one electric drive product and a machine vision online detection system, both of which are at a leading domestic level[68] - The company is developing a second-generation flat wire motor, which has completed structural design and simulation optimization, targeting the growing market in the new energy vehicle sector[68] Market Position and Strategy - The company focuses on intelligent equipment and electric control components for new energy vehicles, aiming to become a leading enterprise with international competitiveness[34] - Key products include intelligent equipment for power battery assembly and testing, and electric drive systems for new energy vehicles[35] - The company has maintained a leading market share in the intelligent equipment sector, benefiting from 20 years of experience and strong technical innovation[54] - The integration of AI, industrial internet, and digital twin technologies has become mainstream in the intelligent equipment field, driving advancements in manufacturing technology[56] - The company is actively pursuing vertical integration and cross-industry collaboration to enhance its core capabilities in chips and software[59] Operational Efficiency - The company implemented strategies for cost control and project management, leading to a substantial reduction in asset impairment losses[23] - The company reported a significant increase in sales collections, contributing to the improvement in cash flow[23] - The company has established a comprehensive supplier management system to ensure the quality and stability of raw material supplies[48] - The company has successfully integrated AI decision-making capabilities into its manufacturing processes, enhancing production quality and efficiency[7] Governance and Compliance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm[5] - The management highlighted potential risks in the operational process, which investors should be aware of[4] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8] - There are no violations of decision-making procedures regarding external guarantees[8] - The company has established a modern corporate governance structure, including a board of directors, supervisory board, and management team, ensuring clear responsibilities and effective operations[196] Risk Management - The company faces risks related to management as it expands its global operations and business scale[83] - The company has established a multi-dimensional risk warning system for accounts receivable management, but faces potential collection risks[85] - The company is exposed to global supply chain risks due to complex international conditions affecting raw material supply[83] - The company enjoys tax incentives and government subsidies, which could be impacted by changes in relevant laws and regulations[86] Employee and Talent Management - The total number of employees in the company and its main subsidiaries is 2,834, with 1,919 in the parent company and 915 in subsidiaries[171] - The company has implemented a comprehensive salary system to attract and retain talent, aligning with market and performance standards[172] - The company plans to optimize its training management processes in 2024, focusing on enhancing employee capabilities and organizational effectiveness[173] - The company emphasizes talent development through training, performance, and incentive mechanisms to support sustainable growth[196] Future Outlook - The company anticipates ongoing trends in the intelligent equipment industry, focusing on smart, autonomous, and collaborative advancements[131] - The company aims to become a global leader in intelligent solutions, focusing on innovation-driven development and customer-oriented R&D[133] - By 2025, the company plans to establish new growth areas in emerging businesses, particularly in smart equipment and electric motor control sectors[134] - The company is committed to technological and product innovation, aiming for higher efficiency, safety, intelligence, and reliability in its electric motor control products[137] Shareholder Engagement - The company held three shareholder meetings in 2024, ensuring compliance with legal regulations and protecting minority shareholder rights[142] - The company has established a cash dividend policy to ensure transparency and protect the rights of shareholders, particularly minority shareholders[176] - The company plans to distribute profits for the first three quarters of 2024, with specific details to be discussed in the upcoming shareholder meeting[163]