Jiangsu Dagang (SZ:002077)2025-04-25 08:30Financial Performance - The company's operating revenue for 2024 was ¥336,298,040.04, a decrease of 20.11% compared to ¥420,958,011.04 in 2023[18]. - Net profit attributable to shareholders for 2024 was ¥23,630,265.59, reflecting a significant decline of 73.27% from ¥88,393,299.00 in 2023[18]. - Basic and diluted earnings per share dropped to ¥0.04 in 2024, down 73.33% from ¥0.15 in 2023[19]. - Total assets at the end of 2024 were ¥4,169,668,745.63, a decrease of 2.58% from ¥4,280,081,322.69 at the end of 2023[19]. - The company's net assets attributable to shareholders increased slightly by 0.72% to ¥3,292,742,528.13 at the end of 2024, compared to ¥3,269,112,262.54 at the end of 2023[19]. - Non-recurring gains and losses for 2024 amounted to ¥3,063,505.32, a significant drop from ¥78,090,158.84 in 2023[25]. - The company reported a total revenue of 336.30 million yuan, a decrease of 20.11% year-over-year, with a net profit attributable to shareholders of 23.63 million yuan, down 73.27% from the previous year[43]. - Integrated circuit business revenue was 204.88 million yuan, down 25.42% year-over-year, with a gross margin of 12.52%, a decline of 1.87%[44]. - The testing business under Shanghai Minai generated revenue of 161.62 million yuan, a decrease of 31.57%, with a net profit of 14.03 million yuan, down 36.86%[44]. - The company’s environmental resource services business achieved revenue of 112.21 million yuan, a decline of 10.33%, but the gross margin improved to 29.42%, an increase of 5.23%[45]. Business Operations - The company reported significant changes in its business scope over the years, including a shift towards high-tech product investment and development[17]. - The company operates in the integrated circuit testing sector, focusing on 12-inch and 8-inch wafer testing, and various packaging chip tests, covering multiple functionalities including AI chips and RF chips[31]. - The integrated circuit testing industry is experiencing increased demand for specialized testing services due to the rising complexity and performance requirements of chips[31]. - The company has established a strong customer base in the lithium battery sector through its subsidiary, Xin Na Environmental Protection[42]. - The company plans to divest its chemical supply chain trading business by April 2025 to focus on core operations[38]. Market Trends - In 2024, China's integrated circuit production is expected to reach 451.42 billion units, representing a year-on-year growth of 22.2%[30]. - China's integrated circuit exports are projected to be 298.1 billion units in 2024, with a year-on-year increase of 11.6%, and export value reaching $159.499 billion, up 17.4%[30]. - The integrated circuit industry in China is facing a trade deficit of $226.1 billion in 2024, highlighting the ongoing challenge of high-end chip self-sufficiency[30]. - The lithium battery industry in China is expected to exceed 1,200 GWh in total production in 2024, with a year-on-year growth of over 25%[34]. - NMP consumption is projected to grow by 30% in 2024, driven by demand from lithium battery positive electrode coating[34]. - The hazardous waste disposal industry is expected to develop steadily in 2024, supported by stricter environmental policies and increasing market demand[35]. Shareholder and Governance - The company has a total of 7 board members, including 4 independent directors, complying with legal requirements[98]. - The company conducted 4 shareholder meetings during the reporting period, ensuring the protection of minority shareholders' rights[97]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring autonomous operational capabilities[102]. - The company has established a relatively complete performance evaluation and incentive constraint mechanism, linking performance compensation to operational performance and task completion[99]. - The company emphasizes the importance of talent retention and development in the semiconductor industry, implementing measures to stabilize its core technical team[91]. Environmental Compliance - The company has obtained various environmental permits, including a waste discharge permit valid until April 16, 2029, and a hazardous waste operation permit valid until April 30, 2025[142]. - The company adheres to multiple environmental standards, including the "Comprehensive Emission Standard for Air Pollutants" and "Standards for Pollution Control on Hazardous Waste Landfills"[142]. - The company has reported no instances of exceeding pollution discharge limits in its operations[144]. - The company has implemented a dual-level water spray and activated carbon adsorption process for exhaust gas treatment, with emissions meeting standards through a 25-meter exhaust stack[148]. - The company has established a comprehensive wastewater treatment station and MVR low-temperature evaporation facilities to handle various types of wastewater, ensuring compliance with national environmental standards[147]. Management Changes - Wang Jingyu resigned as Chairman and all committee positions on January 19, 2024, due to job transfer[108]. - Niu Dan resigned as Independent Director and all committee positions on February 7, 2024, for personal reasons[108]. - An Mingliang was elected as the new Chairman on February 7, 2024[109]. - The company is undergoing a significant management transition with multiple resignations and appointments in early 2024[108][109]. - The company plans to fill the vacancies created by resignations with new committee members effective from February 7, 2024[108]. Related Party Transactions - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[179]. - There were no significant related party transactions during the reporting period[184]. - The company has a related transaction for leasing services with a transaction amount of 1.9 million yuan, accounting for 0.09% of the total transaction amount[177]. - The total amount of related transactions with related parties during the reporting period was 4.9673 million yuan for procurement and 19,000 yuan for labor services[178]. - The company has committed to minimizing related party transactions and ensuring fair operations according to market principles and legal regulations[162]. Internal Control and Compliance - The internal control system was deemed effective, with no significant risk events reported due to violations of internal controls[136]. - The company has established a comprehensive internal control structure covering major operational areas, ensuring effective governance and risk assessment[135]. - The company has not reported any administrative penalties related to environmental issues during the reporting period[151]. - The company has successfully applied for a key research project in 2024 focusing on carbon reduction and large-scale equipment updates[156]. - The company is committed to maintaining compliance with relevant laws and regulations in its operations[122].