JINGU(002488)2025-04-25 16:05Financial Performance - The company's operating revenue for 2024 reached ¥3,358,195,279, a slight increase of 0.02% compared to ¥3,357,364,395.50 in 2023[21]. - The net profit attributable to shareholders decreased by 27.66% to ¥23,182,104.15 from ¥32,047,793.87 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased significantly by 107.26% to ¥15,935,329.90 from ¥7,688,702.62 in 2023[21]. - The net cash flow from operating activities improved by 244.38%, reaching ¥138,025,132.59 compared to a negative cash flow of ¥95,599,460.33 in 2023[21]. - Total assets increased by 18.52% to ¥9,406,451,382.40 at the end of 2024, up from ¥7,936,517,223.17 at the end of 2023[21]. - The company's basic earnings per share decreased by 27.41% to ¥0.0233 from ¥0.0321 in 2023[21]. - The gross profit margin for automotive parts manufacturing was 16.17%, an increase of 3.14% year-on-year, primarily due to the significant sales growth of the high-margin Avatar low-carbon wheels[72]. - The company achieved operating revenue of CNY 3,358,195,279.00, maintaining stability compared to the previous year, with automotive parts manufacturing revenue at CNY 2,277,676,663.78, showing a year-on-year growth in product sales of 14.83%[72]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 0.1 RMB per 10 shares to all shareholders, based on a total of 986,592,465 shares[5]. - The company plans to distribute a cash dividend of RMB 0.12 per 10 shares, totaling RMB 9,865,924.65, which represents 100% of the profit distribution[169]. - The company reported a total shareholding of 100.4 million shares at the end of the period, unchanged from the beginning of the period[129]. Corporate Governance - The company maintains a complete and independent business structure, with no interference from the controlling shareholder in decision-making or operations[123]. - The company has a total of 9 board members, including 3 independent directors, ensuring compliance with legal requirements[119]. - The company has established an independent financial accounting department, ensuring separate financial decision-making and compliance with tax obligations[127]. - The company has a robust internal audit system to oversee economic operations and internal controls[121]. - The company has a well-defined organizational structure with clear roles and responsibilities across departments[125]. - The company has a strong emphasis on corporate governance, with independent directors ensuring accountability and transparency[130]. Research and Development - The company is focused on technological innovation and product development, with a comprehensive research and development system in place, and has been recognized as a leading enterprise in the automotive parts industry[35]. - The company has increased its R&D efforts, focusing on new materials and technologies, aiming to penetrate high-potential markets such as robotics and low-altitude aircraft[77]. - Research and development expenses increased by 34.38% to ¥86,754,931.84, primarily due to increased investment in new projects[88]. - The number of R&D personnel rose by 15.22% to 212, with a notable increase in younger employees under 30 years old, which grew by 117.78%[89]. Environmental Responsibility - The company has a commitment to environmental and social responsibility, as indicated in its annual report[5]. - The company complies with various environmental laws, including the Environmental Protection Law and the Water Pollution Prevention and Control Law[181]. - The company has established a comprehensive environmental management system to monitor and control emissions effectively[184]. - The company is committed to maintaining compliance with environmental standards to mitigate pollution and enhance sustainability[181]. - The company has implemented a comprehensive emergency response plan for environmental incidents, led by the chairman, to minimize potential harm and losses[188]. Market Expansion and Product Development - The company is expanding its global footprint, having established a manufacturing facility in Thailand in 2012 and is currently planning to invest in new production capacity for Avatar low-carbon wheels overseas[36]. - The company aims to explore new applications for its proprietary niobium micro-alloy materials in industries such as robotics and low-altitude aircraft, leveraging its manufacturing expertise[39]. - The Avatar low-carbon wheels are designed to meet the needs of various vehicle types, including passenger cars, new energy vehicles, and commercial vehicles, enhancing the company's market competitiveness[43]. - The company is actively building new production bases near automotive manufacturers to lower operational costs and strengthen strategic partnerships[76]. Financial Management and Performance Metrics - The company has implemented a performance evaluation and incentive mechanism to foster talent growth and enhance organizational effectiveness[121]. - The internal control system has been continuously improved to adapt to changes in the external environment and internal management needs[174]. - The company has established a market value management system and disclosed a valuation enhancement plan[115]. - The company is currently fulfilling its commitments related to share transfer limitations and competition avoidance[198]. Strategic Outlook - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[114]. - The company is exploring potential mergers and acquisitions to enhance its market position, with a focus on complementary businesses[114]. - The company plans to enhance its digital marketing strategy, aiming for a 40% increase in online sales conversion rates[114]. Employee Engagement and Development - Employee training and incentive programs have been enhanced to improve talent development and retention[78]. - The employee training program had a total of 5,299 participants across various categories, including management, professional, technical, and special trades[168]. - The company has implemented a combination of position-based and performance-based salary systems for its employees[166].