JINJIA(SZ:002191)2024-04-19 13:43Dividend Distribution - The company plans to distribute a cash dividend of 3 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[6]. - The proposed cash dividend for 2023 is 3.00 yuan per 10 shares, based on a total share capital of 1,413,978,834 shares after deducting repurchased shares and restricted stocks[193]. - The cash dividend amount for 2022 was approximately 247.69 million yuan, while for 2023 it was approximately 53.44 million yuan, both categorized as cash dividends through share repurchase[194]. Financial Performance - The company reported a significant increase in revenue, reaching RMB 1.2 billion, representing a 15% year-over-year growth[23]. - The company's operating revenue for 2023 was ¥3,945,497,084.44, a decrease of 23.96% compared to ¥5,188,642,951.68 in 2022[29]. - The net profit attributable to shareholders for 2023 was ¥118,370,068.09, reflecting a decline of 40.03% from ¥197,311,100.21 in 2022[29]. - The gross margin improved to 35%, up from 32% in the previous year, reflecting better cost management[23]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB, representing a year-over-year growth of 20%[166]. Market Expansion and Strategy - The company aims to focus on upgrading its industry and exploring new profit growth points, particularly in the electronic materials sector, including semiconductor materials and conductive metal materials[9]. - Market expansion efforts are underway in Southeast Asia, targeting a 25% increase in market share by 2025[23]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[167]. - The company is actively pursuing market expansion and new product development strategies[119]. Research and Development - The company has established a comprehensive R&D system and unique processes in printing and packaging, which will support its deep integration into high-function materials[9]. - The company is investing in R&D for innovative packaging technologies, with a budget allocation of RMB 50 million for the upcoming year[23]. - The company has applied for 115 new patents during the reporting period, including 42 invention patents, and has a total of 916 patents authorized, with 144 being invention patents[58]. - The company is focusing on the research and development of spectral reflection analysis methods to improve the accuracy and efficiency of color matching for printing inks[79]. Risk Management - The company acknowledges multiple risk factors that may adversely affect future development, including industry policy risks and market expansion risks[6]. - The company recognizes that its performance has not met expectations due to various intertwined factors, and it is committed to investing in future growth despite challenges[9]. - The company faces risks from rising raw material prices and declining cigarette label prices, which could impact gross margins; strategies include centralized procurement and cost management[136]. Corporate Governance - The company emphasizes the importance of transparent information disclosure to build investor confidence and ensure timely communication of operational status and future prospects[139]. - The company has improved its internal control systems and governance structure in accordance with relevant laws and regulations[143]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[145]. Sustainability Initiatives - The company is committed to sustainable development and innovation, optimizing its business layout for continuous growth[45]. - A new sustainability initiative was launched, aiming to reduce carbon emissions by 20% over the next five years[166]. - The company aims to achieve 2-3 significant research outcomes in 2024 through increased R&D efforts and collaboration with academic institutions[132]. Employee Management - The total number of employees at the end of the reporting period was 5,279, with 946 in the parent company and 4,333 in major subsidiaries[183]. - The company has implemented a comprehensive training plan to enhance employee skills and core talent retention[186]. - The company has established a competitive and fair compensation system based on market orientation and performance evaluation[185].