ENC(SH:603869)2025-04-28 14:55Financial Performance - The company's operating revenue for 2024 was CNY 665,240,458.46, a decrease of 29.67% compared to 2023[22]. - The net profit attributable to shareholders for 2024 was CNY 20,740,654.69, a significant recovery from a loss of CNY 70,873,420.22 in 2023[22]. - The net cash flow from operating activities for 2024 was CNY 368,730,216.08, compared to a negative cash flow of CNY -200,365,515.38 in 2023[22]. - The total assets at the end of 2024 were CNY 4,618,310,319.39, reflecting a decrease of 7.62% from the previous year[22]. - The basic earnings per share for 2024 was CNY 0.04, recovering from a loss of CNY -0.14 in 2023[23]. - The weighted average return on equity for 2024 was 0.56%, an increase of 2.37 percentage points from 2023[23]. - The company achieved a revenue scale of 31.7 trillion yuan in the digital economy for the first 11 months of 2024, with a year-on-year growth of 5.4%[39]. - The company reported a quarterly revenue of CNY 249,190,825.65 in Q4 2024, which was the highest among the four quarters[25]. - The net profit attributable to shareholders in Q2 2024 was CNY 13,618,947.76, the highest quarterly profit for the year[25]. - The company achieved a revenue of 665.24 million RMB, a decrease of 29.67% compared to the previous year[90]. Dividend Distribution - The company plans to distribute a cash dividend of 0.133 CNY per share (including tax), totaling approximately 6,231,275.87 CNY, which represents 30.04% of the net profit attributable to shareholders for the year 2024[6]. - The total number of shares participating in the profit distribution is 468,516,983 shares after deducting 35,983,525 shares held in the repurchase account[6]. - The company does not plan to increase capital reserves or issue bonus shares during this dividend distribution[6]. - The company has a commitment to maintaining the total cash dividend amount unchanged, adjusting the per-share distribution ratio if the number of shares changes before the dividend record date[6]. - The company has a cash dividend amount of 6,231,275.87 RMB, which accounts for 30.04% of the net profit attributable to ordinary shareholders[185]. - The total cash dividend amount, including share repurchase, is 182,470,797.25 RMB, representing 879.77% of the net profit attributable to ordinary shareholders[185]. Audit and Compliance - The company has received a standard unqualified audit report from KPMG Huazhen[5]. - The internal control audit report for the company received a standard unqualified opinion[193]. - The current auditor, KPMG Huazhen, has been engaged for 2 years with an audit fee of 1.63 million RMB[200]. - The internal control audit fee for KPMG Huazhen is 350,000 RMB[200]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures regarding external guarantees[9]. - The company has not faced significant differences in governance compared to regulatory requirements, ensuring compliance and integrity[144]. - The company has not reported any related party transactions or conflicts of interest that could affect its independence[145]. - The supervisory board actively monitored the company's financial status and compliance with legal obligations, safeguarding shareholder interests[144]. Risk Management and Challenges - The company has detailed various risks and countermeasures in the report, which can be found in the "Management Discussion and Analysis" section[9]. - Rapid technological advancements in AI and big data present a risk; the company is investing in R&D and forming partnerships to maintain its technological edge[138]. - The company is addressing the risk of core talent loss by implementing attractive compensation packages and comprehensive internal management systems[140]. - The company's business in safety intelligence is closely tied to government policies, and any significant changes in these policies could introduce uncertainties[141]. Strategic Initiatives and Innovations - The company emphasizes a platform development model that focuses on user safety and intelligent product iteration[14]. - The company accelerated the commercialization of its JuAn network business, enhancing safety technology and launching a platform model based on large models, significantly improving user engagement and repurchase rates[33]. - The company is focusing on high-quality project development in core industry sectors, leveraging policies related to rural revitalization and digital transformation[37]. - The company is actively addressing urban safety challenges through its JuAn network, collaborating with various stakeholders to enhance safety levels across multiple cities[33]. - The company is leveraging AI policies to accelerate the application of AI technologies in various sectors, contributing to the formation of a trillion-level digital industry ecosystem[43]. - The company is committed to providing comprehensive intelligent solutions and services for urban safety and industrial intelligence, supported by over 30 years of experience in gas safety management[44]. - The company is expanding its intelligent computing business, targeting distributed computing and scheduling services to meet the growing demand for edge and terminal computing[134]. Governance and Leadership - The company held three shareholder meetings during the reporting period, all of which complied with relevant laws and regulations, with valid attendance and voting procedures[146]. - The board of directors and supervisory board meetings were conducted in accordance with legal requirements, ensuring effective governance and oversight of the company's operations[144]. - The total remuneration for the chairman was CNY 155.31 million, while the vice chairman received CNY 157.28 million during the reporting period[147]. - The independent directors contributed to the company's strategic planning and governance, ensuring the scientific and fair nature of decision-making[144]. - The company has a diverse leadership team with extensive experience in various sectors, including finance, technology, and risk management[150]. - The company emphasizes safety and risk management, with dedicated roles for chief safety and risk officers[150]. - The leadership team includes professionals with advanced degrees from prestigious universities, enhancing the company's strategic capabilities[150]. Employee and Internal Management - The company has implemented a value-sharing incentive system for employee compensation, which includes baseline and excess sharing components[173]. - The company conducts various training programs for management and new employees to enhance their capabilities and align with corporate culture[180]. - The total number of employees in the parent company and major subsidiaries is 380, with 0 in the parent company and 380 in subsidiaries[171]. - Among the employees, there are 218 technical personnel, 95 sales personnel, and 23 financial personnel[171]. Market and Industry Trends - The overall safety market in China has surpassed CNY 2 trillion, driven by increasing demand for public safety solutions[124]. - The software industry in China achieved a record revenue of CNY 1.37276 trillion in 2024, reflecting a year-on-year growth of 10%[122]. - By 2025, the company anticipates a significant increase in demand for intelligent computing, with a projected growth rate of 43% in smart computing capacity in China[127]. Regulatory Issues - The company faced regulatory penalties, including a fine of 8.5 million yuan imposed by the Guangxi Securities Regulatory Bureau[156]. - The company has been criticized by the Shanghai Stock Exchange and the Guangxi Securities Regulatory Bureau for various compliance issues, impacting its reputation[155].