NEW JCM(SZ:300157)2025-04-26 02:15Financial Performance - The company achieved operating revenue of 552.14 million yuan, a decrease of 15.91% compared to the previous year[6]. - The net profit attributable to the parent company was a loss of 165.78 million yuan, which is a reduction of 5.15% in loss compared to the same period last year[6]. - The company's revenue for 2024 is reported at ¥552,139,537.59, a decrease of 15.91% compared to ¥656,580,138.26 in 2023[27]. - Net profit attributable to shareholders for 2024 is ¥165,781,407.75, reflecting a decrease of 5.15% from ¥174,773,947.86 in 2023[27]. - The net profit excluding non-recurring gains and losses for 2024 is ¥120,716,944.71, down 27.84% from ¥167,281,491.40 in 2023[27]. - Total revenue for 2024 is approximately ¥552.14 million, a decrease of 15.91% compared to ¥656.58 million in 2023[76]. - Revenue from high-end equipment manufacturing decreased by 21.24% to ¥428.63 million, accounting for 77.63% of total revenue[76]. - Revenue from energy and energy services increased by 9.93% to ¥123.51 million, representing 22.37% of total revenue[76]. - The gross profit margin for high-end equipment manufacturing improved by 5.64% to 27.73% despite a revenue decline[77]. Cash Flow and Assets - The net cash flow from operating activities turned positive, increasing by 339.97% compared to the previous year[7]. - The net cash flow from operating activities in the second quarter was CNY 19,981,388.05, while the first quarter showed a negative cash flow of CNY -36,982,692.80[35]. - Cash and cash equivalents net increase was ¥16,860,848.20, a 126.14% improvement from a decrease of ¥64,492,158.62 in 2023[96]. - The company's total assets increased by 14.14% year-on-year, reaching CNY 2,207,897,791.5 at the end of 2023[31]. - The total liabilities increased significantly, with contract liabilities rising to ¥565,782,121.45, up 12.01% from ¥263,469,782.82 in 2023, driven by increased orders[101]. - The proportion of inventory to total assets rose to 18.56%, up from 14.99% in 2023, attributed to increased order execution[101]. Debt and Restructuring - The company plans to optimize its debt structure and has made progress in debt restructuring, with key plans expected to be implemented in early 2025[9]. - The company aims to achieve key debt restructuring plans by early 2025, supported by operational cash flow and shareholder backing[74]. Operational Efficiency and Management - The company reduced period expenses by 6.75 million yuan despite increasing market expansion efforts[7]. - The company is enhancing its internal control and risk management systems to support sustainable development[9]. - The company is focusing on optimizing internal control and risk management systems to enhance operational efficiency[72]. - The company is committed to enhancing its management efficiency through systematic and refined management practices[72]. - The company has implemented measures to manage accounts receivable risks, including establishing a customer credit system and enhancing collection mechanisms[130]. Research and Development - The company has established a comprehensive product R&D system, developing over 20 sets of oil and gas exploration and development technologies and software products[67]. - R&D investment amounted to ¥26,548,171.38 in 2024, representing 4.81% of operating revenue, an increase from 4.46% in 2023[93]. - The number of R&D personnel decreased from 178 in 2023 to 167 in 2024, representing a decline of 6.18%[92]. - The company is enhancing its software capabilities to improve oil and gas reservoir identification and fracture analysis efficiency[92]. Market and Business Strategy - The company continues to focus on high-end equipment manufacturing and green energy services, enhancing market share through technological innovation and global market expansion[7]. - The company is transitioning from product export to brand globalization, enhancing its international influence through localized operations[49]. - The company is focusing on integrating green energy technologies, including hydrogen-based energy solutions, to enhance energy efficiency[47]. - The company aims to expand its green hydrogen and ammonia integrated business, leveraging its first-mover advantage in zero-carbon hydrogen projects[121]. Governance and Compliance - The company emphasizes compliance with corporate governance laws and regulations, ensuring equal rights for all shareholders during meetings[137]. - The board consists of 9 members, including 3 independent directors, ensuring a balanced and professional structure[138]. - The company has established a complete governance structure with independent operational capabilities, including a board of directors and supervisory board[143]. - The company maintains transparency in information disclosure, ensuring timely and accurate communication with investors[140]. Employee and Talent Management - The total number of employees at the end of the reporting period is 992, with 100 in the parent company and 892 in major subsidiaries[178]. - The professional composition includes 511 production personnel, 59 sales personnel, 167 technical personnel, 52 financial personnel, and 203 administrative personnel[178]. - The company faces risks related to talent retention in the highly technical equipment manufacturing and oil and gas exploration sectors, and is focusing on improving compensation and corporate culture to attract and retain talent[126]. Sustainability and Green Initiatives - The company has been recognized as a provincial-level "green manufacturing unit" in 2024, reflecting its commitment to sustainable practices[51]. - The company is committed to green manufacturing practices, aiming to reduce energy consumption and promote sustainable development[120]. - The company is focusing on enhancing high-end equipment manufacturing, targeting green and intelligent development in response to global energy transition and carbon neutrality goals[117][119].