HMJT(SZ:002356)2025-04-28 12:20Business Strategy and Operations - The company reported a significant change in its main business, with the acquisition of 6 energy stations by its subsidiary, Pengfei Hydrogen Beauty, expanding into energy sales[17]. - The company's main business now includes commercial retail and energy sales, reflecting a strategic shift from its original focus on instrument manufacturing and sales[17]. - The company has undergone several changes in its controlling shareholders since its listing in 2010, with the current controlling shareholders being Times Rongguang and Xiaoyi Fuyuan since January 2023[17]. - The company emphasizes the importance of risk awareness regarding its future development strategies and operational plans, as stated in the management discussion section[4]. - The company has not made any substantial commitments to investors regarding future development strategies, highlighting the need for caution[4]. - The company’s registered address has changed, reflecting its operational adjustments and growth[13]. - The company’s stock is listed on the Shenzhen Stock Exchange under the code 002356, indicating its public trading status[13]. - The company’s website and contact information are provided for investor relations and inquiries, ensuring transparency and accessibility[15]. Financial Performance - The company's operating revenue for 2024 reached ¥406,576,269.90, representing a 146.43% increase compared to ¥164,985,753.91 in 2023[18]. - The net profit attributable to shareholders for 2024 was -¥43,685,727.66, a 7.45% improvement from -¥47,203,491.77 in 2023[18]. - The cash flow from operating activities for 2024 was -¥94,312,278.21, a significant decline of 692.33% compared to -¥11,903,212.81 in 2023[18]. - The total assets at the end of 2024 amounted to ¥822,694,153.04, reflecting a 2.75% increase from ¥800,673,205.98 at the end of 2023[18]. - The company reported a basic earnings per share of -¥0.0333 for 2024, an improvement of 7.50% from -¥0.0360 in 2023[18]. - The net profit after deducting non-recurring gains and losses for 2024 was -¥73,941,361.87, a decline of 162.74% from -¥28,142,560.54 in 2023[18]. - The company reported a total revenue of 106.91 million yuan for the year, with a year-over-year decline of 24.40%[49]. - The company reported a total operating cost of ¥350,517,119.69, with a year-on-year increase of 304.31%[65]. Market Trends and Industry Insights - The hydrogen energy industry is experiencing rapid growth driven by the "dual carbon" goals and supportive policies, with significant potential for clean energy applications[30]. - The implementation of the "Clean Low-Carbon Hydrogen Application Implementation Plan" is expected to accelerate the transition of the hydrogen industry from demonstration to commercialization[30]. - The construction of hydrogen refueling stations is crucial for supporting the hydrogen energy sector, addressing uneven distribution issues and creating new business opportunities for energy companies[31]. - The total retail sales of consumer goods in China reached CNY 48.79 trillion in 2024, a 3.5% increase from the previous year, with commodity retail sales growing by 3.2% to CNY 43.22 trillion[34]. - The online retail sales in China grew by 7.2% in 2024, although the growth rate slowed compared to previous years, indicating that online remains a key incremental market[36]. Energy Segment Developments - The company has acquired 6 refueling stations and is in the early planning stages for wind-solar hydrogen production, with 500 hydrogen-powered shared bicycles already in operation[38]. - The company’s energy segment includes comprehensive energy stations and hydrogen energy, focusing on providing efficient and clean energy supply for logistics and public transport[40]. - The company’s comprehensive energy station business has established a preliminary layout with the acquisition of 5 LNG refueling stations and 1 LNG + hydrogen comprehensive energy station in Shanxi[39]. - The company aims to enhance its market share in the clean energy sector by integrating resources and establishing a stable, low-cost natural gas supply chain[42]. - The company is investing in two wind-solar hydrogen/methanol projects in Shanxi and Inner Mongolia to reduce hydrogen production costs and support local industries[44]. Retail Operations - The company operates international brand retail services, focusing on high-quality lifestyle products for the younger generation in major cities like Shanghai and Beijing[44]. - The company operates 40 stores, all of which are direct-operated, distributed across over 20 cities in China, with a total contract area of 8,039.47 square meters[46]. - The top ten stores by revenue include locations in Zhengzhou, Beijing, and Sanya, with the largest store being MCM Zhengzhou, which opened on December 11, 2022, covering 180 square meters[47]. - During the reporting period, the company opened 7 new stores and closed 7 stores, with no significant impact on overall performance[48]. - The company’s online sales revenue reached 53.14 million yuan, accounting for 13.07% of total revenue[50]. Governance and Compliance - The company has held 7 shareholder meetings and 15 board meetings during the reporting period, ensuring compliance with governance regulations and protecting shareholder rights[128][130]. - The company maintains independence from its controlling shareholder in terms of operations, assets, and financial management, ensuring no conflicts of interest or unfair transactions[135]. - The company has established a complete and independent corporate governance structure, ensuring no interference from controlling shareholders or related parties during the reporting period[136]. - The company has an independent financial accounting department and operates its financial activities independently, with no shared bank accounts with controlling shareholders or other entities[136]. - The company has complied with governance requirements and has no significant issues needing rectification as per self-inspection results[175]. Legal Matters and Litigation - The company has been involved in multiple legal cases, with various judgments resulting in costs and obligations to pay[196]. - The total amount involved in investor lawsuits is approximately 1,857.77 million yuan, with 218 investors' claims supported by the first-instance judgment[197]. - The company is facing ongoing litigation with 17 investors whose cases have not yet been heard in court[197]. - The company has incurred arbitration fees of 112,130.02 yuan and legal fees of 10,000 yuan as part of the arbitration process[197]. Employee and Remuneration Policies - The total number of employees at the end of the reporting period was 442, with 14 from the parent company and 428 from major subsidiaries[164]. - The company has established a competitive salary system to attract and retain talent, ensuring salaries are aligned with market levels[165]. - The total remuneration for directors, supervisors, and senior management amounted to 6,568,800 CNY[154]. - The company aims to enhance employee skills and knowledge through targeted training programs to improve overall performance and competitiveness[166]. Future Outlook and Strategic Plans - The company plans to focus on hydrogen energy strategic transformation by 2025, with three main directions: integrated energy station operations, wind-solar hydrogen/methanol projects, and expanding hydrogen-powered shared electric bike applications[105]. - The company plans to invest in hydrogen production projects, including photovoltaic hydrogen production and wind power projects, which are currently not yet operational[137]. - The management team emphasized a commitment to sustainability, with plans to reduce carbon emissions by 30% by 2025[150].