JHM(SH:603078)2024-03-15 16:00Financial Performance - The company's operating revenue for 2023 reached ¥1,029,908,031.26, representing a year-on-year increase of 9.66% compared to ¥939,162,336.26 in 2022[21]. - The net profit attributable to shareholders of the listed company was ¥105,250,804.55, a slight decrease of 0.46% from ¥105,736,766.11 in the previous year[21]. - The net cash flow from operating activities increased by 18.91% to ¥145,602,604.53, up from ¥122,446,116.43 in 2022[21]. - Basic earnings per share decreased by 13.34% to ¥0.2729, down from ¥0.3149 in 2022[22]. - The weighted average return on net assets was 6.27%, a decrease of 3.41 percentage points from 9.68% in the previous year[22]. - The total assets at the end of 2023 were ¥2,707,392,295.83, reflecting a decrease of 6.12% compared to ¥2,883,982,317.59 at the end of 2022[21]. - The net assets attributable to shareholders of the listed company were ¥1,635,438,601.52, a slight decrease of 0.20% from ¥1,638,778,906.76 in 2022[21]. - The company reported a quarterly revenue of ¥258,446,278.18 in Q4 2023, with a net profit of ¥6,730,402.88 for the same period[25]. - Non-recurring gains and losses amounted to ¥3,903,532.56 in 2023, compared to ¥6,011,892.16 in 2022[28]. Profit Distribution - The proposed profit distribution plan for 2023 includes a cash dividend of 0.85 CNY per 10 shares, totaling approximately 32.78 million CNY, which represents 31.14% of the net profit attributable to ordinary shareholders[5]. - The report indicates that the company will not issue bonus shares or increase capital reserves in 2023[5]. - The company must distribute profits at least once a year if it has positive distributable profits, with the board of directors proposing mid-term distributions based on profitability and funding needs[167]. - The company's profit distribution policy requires a minimum cash dividend ratio of 80% for mature companies without significant capital expenditure plans[163]. - The board of directors must consider the opinions of independent directors and minority shareholders when formulating profit distribution plans[164]. Corporate Governance - The company has implemented strict corporate governance practices to ensure compliance and protect shareholder rights[125]. - The company has established an independent financial department and accounting system to ensure financial independence[128]. - The total assets of the company are fully controlled by it, ensuring no illegal occupation by related parties[128]. - The company has committed to maintaining the independence of its management personnel, ensuring they do not hold positions in related entities[127]. - The company has established a dedicated investor relations management system to protect the rights of investors, especially small and medium-sized investors[126]. - The company has conducted multiple shareholder meetings, with the latest being on November 13, 2023[129]. - The company has a structured governance framework that allows independent decision-making by its board and management[129]. - The company has established a hotline for investor communication to address inquiries promptly[126]. Research and Development - The company is focused on continuous R&D investment to meet market demands and enhance core competitiveness[34]. - The company’s R&D expenses for 2023 amounted to CNY 59.73 million, representing 5.80% of total sales revenue[52]. - The company has developed over 100 new products and technologies, achieving significant breakthroughs in several projects, including high-end etching liquids and cleaning agents for semiconductors[51]. - The company has a total of 99 valid national patents, including 45 invention patents, indicating strong innovation capabilities[51]. - The company has established a long-term stable cooperation with Nanjing University and has a provincial-level postdoctoral innovation practice base to enhance its R&D strength[50]. Market Position and Strategy - The company operates in the microelectronics sector, focusing on high-purity chemical materials for semiconductor and display manufacturing[13]. - The company plans to enhance its market share and competitiveness by expanding its high-end market and increasing production capacity[35]. - The company aims to become a comprehensive supplier capable of providing integrated solutions based on customer production processes and technical requirements[49]. - The company has established stable partnerships with downstream customers to quickly respond to new product development needs[87]. - The company is strategically positioned in the Yangtze River Delta, allowing for rapid response to local customer needs[56]. Environmental Responsibility - The company invested 2.4481 million yuan in environmental protection during the reporting period[176]. - The company is classified as a key pollutant discharge unit, with various pollutants reported, including nitrogen oxides at 0.285 tons and non-methane total hydrocarbons at 0.269 tons[177]. - The company has established an environmental protection mechanism, indicating a commitment to sustainability[176]. - The company’s wastewater treatment facilities operated normally, with all treated wastewater meeting discharge standards[180]. - The company continues to invest in pollution control technologies to enhance treatment capabilities and reduce environmental footprint[181]. Risks and Challenges - The company faces macroeconomic risks that could impact product demand and pricing, with potential slowdowns in domestic economic growth[120]. - The company is exposed to risks from price fluctuations of key raw materials, which could affect production operations[121]. - The company operates in a competitive market with potential new entrants, which may impact pricing and profitability[120]. - The company relies on advanced technology and R&D capabilities, and any loss of technical leadership could adversely affect performance[122]. Operational Efficiency - The company has implemented a strict supplier selection process to ensure the quality and price of raw materials, typically engaging multiple qualified suppliers for key materials[47]. - The company’s production processes are designed to minimize pollution and energy consumption[88]. - The company has optimized its capacity structure, increasing the proportion of semiconductor capacity, which is more profitable, in response to market demand changes[93]. - The company has implemented measures to mitigate the impact of raw material price fluctuations by negotiating with suppliers to lock in lower prices[96]. Employee Management - The company’s training program focuses on enhancing employee skills and capabilities, with various training formats including onboarding, skill upgrades, and leadership development[160]. - The company has a total of 43 retired employees who require financial support, indicating a commitment to employee welfare[157]. - The company’s workforce includes 430 production staff, 151 technical personnel, and 37 sales staff, reflecting a diverse professional composition[157].