ZJAMP.(SZ:002758)2025-04-25 17:30Dividend Distribution - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares (including tax) to all shareholders[6]. - The company has a profit distribution plan for 2024, proposing a cash dividend of RMB 3.00 per 10 shares, pending approval at the shareholders' meeting[176]. - The company’s cash dividend policy aligns with its articles of association and has been approved by independent directors[174]. Business Transformation and Strategy - The company has undergone a significant business transformation, shifting its main products to include agricultural supplies and automotive services, while still engaging in pharmaceutical sales[22]. - The company focuses on modern agricultural services, aiming to become a leading comprehensive service provider in China, leveraging global resources and innovative technology[47]. - The company plans to focus on agricultural services and modern agricultural technology to support rural revitalization and agricultural development[117]. Financial Performance - The company's operating revenue for 2024 reached ¥41,976,296,857, representing a 2.53% increase compared to ¥40,941,153,868 in 2023[6]. - The net profit attributable to shareholders for 2024 was ¥380,119,319.55, showing a slight decrease of 0.22% from ¥380,944,589.50 in 2023[6]. - The total assets at the end of 2024 were ¥18,511,697,095, reflecting an 8.87% decrease from ¥20,313,353,249 at the end of 2023[24]. Risk Management - The company emphasizes the importance of risk factors such as changes in industrial policies, intensified market competition, and shifts in customer demand[5]. - The company faces market, credit, operational, and legal risks in its hedging activities, which are actively managed[99]. - The company acknowledges potential risks, including changes in industry policies that could impact its main products and operations[125]. Agricultural Sector Insights - The agricultural service sector is expected to benefit from policies aimed at enhancing food security and rural modernization[34]. - The agricultural input circulation industry in China is characterized by a fragmented market with a significant presence of supply and marketing cooperative companies, which dominate the sector[36]. - The national grain production is projected to reach 1.4 trillion jin in 2024, reinforcing the foundation of food security in China[37]. Automotive Market Insights - The automotive market in China is expected to sell 31.44 million vehicles in 2024, representing a year-on-year growth of 4.5%[42]. - The penetration rate of new energy vehicles in China is projected to reach 40.9% in 2024, marking a significant increase of 9.35 percentage points from the previous year[44]. - The automotive trading service revenue decreased by 13.11% to CNY 13.64 billion, accounting for 32.49% of total revenue[70]. Pharmaceutical Sector Insights - The pharmaceutical distribution market is experiencing consolidation, with leading companies acquiring local distributors, resulting in increased industry concentration[45]. - The company’s pharmaceutical sales business ranks among the top 100 nationwide in both wholesale and retail sectors, with a focus on traditional Chinese medicine[52]. - The government policies are continuously supporting the rapid development of the traditional Chinese medicine industry, presenting significant growth opportunities for the company[46]. Corporate Governance - The company has established a clear division of responsibilities among the shareholders' meeting, board of directors, supervisory board, and management, ensuring efficient operation and protection of shareholder interests[135]. - The board of directors consists of 9 members, including 3 independent directors, and is supported by four specialized committees: strategy, nomination, compensation and assessment, and audit[136]. - The company has strictly adhered to information disclosure obligations, ensuring that all information is true, accurate, and complete, with no instances of misleading statements or omissions[137]. Employee and Management Structure - The total number of employees at the end of the reporting period was 6,242, with 2,302 in sales and 1,241 in technical roles[169]. - The company has implemented a comprehensive training program aimed at enhancing employee skills and overall management capabilities[171]. - The company has established a performance evaluation system linked to operational development needs[159]. Investment and R&D - The company is investing 50 million RMB in R&D for new technologies aimed at improving operational efficiency[155]. - Research and development (R&D) expenses increased by 10.62% to ¥20.78 million, maintaining a stable ratio of 0.05% of total revenue[83]. - The company is exploring potential acquisitions to enhance its product portfolio and market reach[156]. Environmental and Social Responsibility - The company actively participated in the recovery of agricultural plastic pollution, recycling hundreds of tons of waste agricultural packaging and films in 2024[194]. - The company’s agricultural projects achieved a 15% reduction in fertilizer and pesticide usage, a 20% reduction in labor, and a 20% decrease in carbon emissions[192]. - The company provided various public welfare services, including free blood pressure measurements and consumer rights consultations[193]. Financial Controls and Compliance - The internal control evaluation report indicated that 100% of the total assets and operating income of the evaluated units were included in the consolidated financial statements[183]. - The company reported zero significant deficiencies in financial reporting internal controls[184]. - The internal control audit report received a standard unqualified opinion, indicating effective financial reporting internal controls as of December 31, 2024[185].