Jalon(SH:688357)2025-04-28 10:35Financial Performance - The company's operating revenue for 2024 was CNY 778,749,667.41, a decrease of 19.90% compared to CNY 972,241,588.49 in 2023[23]. - The net profit attributable to shareholders for 2024 was CNY 74,756,186.40, down 51.15% from CNY 153,033,729.73 in 2023[23]. - The basic earnings per share for 2024 was CNY 0.75, a decline of 50.98% compared to CNY 1.53 in 2023[24]. - The cash flow from operating activities improved significantly, reaching CNY 118,893,383.63 in 2024, compared to a negative cash flow of CNY -97,837,044.58 in 2023[23][26]. - The total assets as of the end of 2024 were CNY 2,948,137,566.53, a decrease of 2.67% from CNY 3,029,139,957.49 in 2023[23]. - The company reported a decrease in the weighted average return on net assets to 4.14% in 2024, down from 9.06% in 2023, a drop of 4.92 percentage points[24]. - The company achieved a net profit of 74.76 million yuan, a decrease of 51.15% compared to the same period last year[87]. Dividend Distribution - The company plans to distribute a cash dividend of 2 RMB per 10 shares, totaling approximately 20,011,696.20 RMB (including tax) based on a total share capital of 100,058,481 shares[8]. - The total cash dividend for the year, including dividends distributed in the first three quarters of 2024, amounts to 30,017,536.10 RMB, representing 40.15% of the net profit attributable to shareholders of the listed company, which is 74,756,186.40 RMB[8]. - The cumulative cash dividend amount over the last three fiscal years is 139,496,575.90 RMB, with an average annual net profit of 141,882,545.41 RMB, resulting in a cash dividend ratio of 98.32%[186]. - The company has completed the implementation of the profit distribution plan for the first three quarters of 2024, distributing 1 RMB per 10 shares (including tax) to shareholders[185]. - The cash dividend policy is in compliance with the company's articles of association and shareholder resolutions, with clear standards and procedures[182]. Research and Development - Research and development expenses accounted for 3.36% of operating revenue in 2024, a decrease from 4.54% in 2023[25]. - The company achieved a total R&D investment of ¥35,347,945.44, a decrease of 15.39% compared to the previous year[76]. - The proportion of R&D investment to operating income increased by 0.24 percentage points to 4.54%[76]. - The company has established multiple research and innovation platforms to enhance its R&D capabilities[130]. - The company has received multiple national invention patent authorizations for its new product developments, including those in energy chemistry and environmental governance[82]. Corporate Governance - The company has established a governance structure that ensures clear responsibilities and coordination among decision-making, supervisory, and management bodies[151]. - The board of directors held 9 meetings during the reporting period to review and approve key matters, including the annual report[152]. - The company has implemented an insider information management system to enhance transparency and protect shareholder rights[153]. - The company plans to continue improving its corporate governance structure and internal control mechanisms for sustainable development[153]. - The company has not faced any issues regarding independence or operational autonomy from its controlling shareholders[153]. Market and Operational Strategy - The company aims to transform from a material manufacturer to a technology service provider by 2025, focusing on four key areas: petrochemicals, energy chemicals, renewable energy, and renewable resources[47]. - The company is actively responding to the "Belt and Road" initiative, enhancing cooperation with countries along the route, particularly in Southeast Asia and Central Asia[46]. - The company has established four core growth areas: petrochemicals, energy chemicals, renewable energy, and renewable resources, focusing on innovation and technology-driven development[36]. - The company is committed to a dual-driven strategy of technology export and capacity collaboration to support the transition to a low-carbon economy[51]. - The company plans to continue its "three product strategies" and "internationalization strategy" through 2025, focusing on oil and petrochemicals, energy chemicals, renewable energy, and renewable resources[147]. Risk Management - The company has disclosed potential risk factors in its operations, which can be found in the "Management Discussion and Analysis" section[6]. - The company emphasizes the importance of understanding the risks associated with forward-looking statements made in the report[9]. - The company recognizes risks related to changes in high-tech enterprise tax policies, which could adversely affect future operating performance[94]. - The company is addressing potential risks related to raw material price increases and environmental regulations that could impact operational costs[92]. - The company faces risks from a complex global economic environment, impacting demand in the industrial gas sector[87]. Environmental and Social Responsibility - The company has made significant investments in environmental protection facilities, including wastewater treatment and dust removal systems[199]. - The company actively participates in social responsibility initiatives, including poverty alleviation and community infrastructure projects[199]. - The board of directors emphasizes the importance of ESG practices and will enhance the company's ESG disclosure efforts[200]. - The company has implemented a risk assessment strategy that aligns with its strategic goals and industry characteristics[195]. - The company has established a comprehensive internal control system that is effective and covers major aspects of business management[195].