JSST(SZ:002609)2025-04-25 16:05Financial Performance - The company's operating revenue for 2024 was approximately ¥1.58 billion, a decrease of 4.01% compared to ¥1.64 billion in 2023[18]. - The net profit attributable to shareholders for 2024 was approximately ¥31.39 million, down 72.04% from ¥112.27 million in 2023[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥26.75 million, a decrease of 67.23% from ¥81.62 million in 2023[18]. - The basic earnings per share for 2024 was ¥0.0488, down 72.05% from ¥0.1746 in 2023[18]. - The total assets at the end of 2024 were approximately ¥3.69 billion, a decrease of 7.52% from ¥3.99 billion at the end of 2023[18]. - The net assets attributable to shareholders at the end of 2024 were approximately ¥2.38 billion, down 3.11% from ¥2.45 billion at the end of 2023[18]. - The cash flow from operating activities for 2024 was approximately ¥217.61 million, a decrease of 33.74% from ¥328.43 million in 2023[18]. - The weighted average return on equity for 2024 was 1.30%, down 3.36% from 4.66% in 2023[18]. Revenue and Growth - The company achieved total revenue of 1,578.85 million yuan in 2024, a decrease of 4.01% compared to the previous year[55]. - The company has achieved a cumulative revenue of 671 million yuan from innovative businesses, accounting for 42.48% of total revenue in 2024[48]. - The total revenue from innovative business reached 671 million yuan, up 18.70% year-on-year, accounting for 42.48% of the company's main business revenue[54]. - The revenue from the cloud hosting business grew by 23.29% year-on-year, reaching 157 million yuan, with over 15,000 managed charging lanes by the end of 2024[56]. - The smart parking operation business generated revenue of 145 million yuan, reflecting a growth of 9.98% year-on-year, with a transaction volume of 13.3 billion yuan[57]. - The parking asset operation business achieved a revenue of 305 million yuan, marking a year-on-year increase of 38.67%[58]. - The company's traditional smart hardware business saw a revenue decline of 18%, totaling 824 million yuan due to decreased demand in new projects[55]. Business Strategy and Innovation - The company aims to transform from product-based to service-oriented operations, focusing on smart parking solutions and green development[88]. - The "AI + Parking Management" strategy will enhance user experience by providing seamless parking solutions and optimizing resource allocation[89]. - The company is leveraging AI technology to provide real-time parking recommendations and operational insights for both C-end and B-end users[94][95]. - The company is focusing on green, low-carbon, and energy-saving solutions in response to national policies and market demands[31]. - The company has developed five main business areas, including smart hardware and software services, to enhance parking management and user experience[32]. - The company has launched a "stop, charge, store, and save energy" integrated green smart parking solution, contributing to the low-carbon development of the parking industry[187]. Operational Efficiency and Cost Management - The company aims to enhance its parking asset digital operation model through the development of a digital operation platform, which is expected to reduce labor costs and improve management efficiency[72]. - Operational efficiency initiatives are expected to reduce costs by 5%, translating to savings of approximately $10 million annually[121]. - The company’s operating costs in the security sector accounted for 96.15% of total operating costs, with a slight decrease of 1.71% year-over-year[64]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring independent operations from its controlling shareholder[104][105]. - The company has implemented a performance evaluation and incentive mechanism for senior management, promoting a balanced value distribution system[105][106]. - The company actively engages with stakeholders and maintains transparent communication, ensuring timely and accurate information disclosure[106][107]. - The company has established a comprehensive asset management system, ensuring no guarantees are provided for shareholders' debts[108]. Employee Management and Development - The total number of employees at the end of the reporting period is 2,838, including 2,225 from the parent company and 613 from major subsidiaries[136]. - The company has established the "Jieshun Academy" to provide systematic training and development plans for employees, promoting their growth[187]. - A total of 1,025 training sessions were conducted, with a focus on developing composite talents suitable for the company's growth needs[139]. - The employee stock ownership plan includes 10 participants, holding a total of 2.5 million shares, which represents 0.39% of the company's total equity[173]. Risk Management - The company has acknowledged potential risks in its future operations and has outlined corresponding countermeasures[3]. - The company faces risks related to operational quality, talent acquisition for innovation, and data security[99][100]. Shareholder Engagement and Dividends - The company plans to distribute a cash dividend of ¥0.70 per 10 shares (including tax) to all shareholders[3]. - The net profit for the parent company in 2024 was RMB 3.28 million, with distributable profits for shareholders amounting to RMB 560.48 million[144]. Research and Development - Research and development expenses increased by 4.46% to 116.82 million in 2024, compared to 111.83 million in 2023[71]. - R&D investment increased by 5.38% from ¥146,373,028.06 in 2023 to ¥154,245,302.81 in 2024, representing 9.77% of operating revenue, up from 8.90%[74]. Market Expansion and Strategic Partnerships - The company is focusing on expanding its market presence, particularly in the Asia-Pacific region, leveraging its financial expertise[117]. - The company is actively pursuing mergers and acquisitions to enhance its competitive position in the market[117].