JDL(SH:688057)2024-04-26 10:24Financial Performance - The company reported a revenue of ¥505,219,273.10 in 2023, a decrease of 36.13% compared to ¥790,975,509.88 in 2022 [24]. - Net profit attributable to shareholders was ¥183,057,194.45, down 39.73% from ¥303,728,893.28 in the previous year [24]. - Basic earnings per share decreased to ¥0.6633, a decline of 39.73% from ¥1.1005 in 2022 [25]. - The company's total assets decreased by 6.42% to ¥3,504,870,045.76 from ¥3,745,356,977.44 in 2022 [24]. - The company’s total equity attributable to shareholders decreased by 2.70% to ¥3,147,453,386.34 from ¥3,234,935,746.96 in 2022 [24]. - The company achieved operating revenue of 505 million RMB and a net profit attributable to shareholders of 183 million RMB in 2023 [36]. - The cash flow from operating activities was 305 million RMB, with a basic earnings per share of 0.6633 RMB [36]. - The company’s main business revenue for the reporting period was RMB 501,749,960.63, a decrease of 36.22% year-on-year [110]. - The main business cost was RMB 177,552,935.23, down 30.64% compared to the previous year [110]. - The overall gross margin remained relatively stable, with a slight decrease of 2.85 percentage points to 64.61% [110]. Cash Flow and Dividends - The company plans to distribute a cash dividend of RMB 5.00 per 10 shares, totaling approximately RMB 138 million (including tax) based on a total share capital of 276 million shares [6]. - As of December 31, 2023, the company's consolidated undistributed profits amounted to RMB 845,673,337.61, while the parent company's undistributed profits were RMB 521,402,939.79 [6]. - The cash dividend policy stipulates that the company will distribute no less than 10% of the distributable profits as cash dividends each year, ensuring a stable and continuous profit distribution policy [181]. - The company’s net profit attributable to ordinary shareholders for the year was RMB 183,057,194.45, supporting the planned cash dividend distribution [183]. Research and Development - Research and development expenses accounted for 9.03% of revenue, an increase of 2.32 percentage points compared to 6.71% in 2022 [25]. - The company has 21 ongoing research projects and has granted 14 new patents, bringing the total to 119 authorized patents, including 56 invention patents [41]. - The company is focused on upgrading core technology processes and has adjusted the internal investment structure of its R&D center project to enhance research in efficient treatment of chemical wastewater and low-carbon technology development [41]. - Total R&D investment amounted to ¥45,613,016.16, a decrease of 14.08% compared to the previous year, while the proportion of R&D investment to operating income increased to 9.03% [82]. - The company has developed the FMBR wastewater treatment technology, which integrates multiple key technologies, enhancing biochemical degradation efficiency [93]. Technology and Innovation - The company is focused on developing new technologies such as the FMBR and JDL processes for wastewater treatment, enhancing treatment efficiency and water quality [13]. - The company’s FMBR core process and its products have received the China Environmental Label (Type II) certification, and its technology has been selected for the 2023 Practical Equipment for Ecological and Environmental Protection by the China Environmental Protection Industry Association [41]. - The FMBR technology was recognized with multiple awards, including the Edison Awards Silver Medal for the Wuning County Water Ecological Recycling Treatment Plant [37]. - The company has developed a proprietary FMBR technology, which offers advantages such as stable effluent quality, reduced organic sludge discharge, and lower overall costs, contributing to its competitive edge in the market [58]. - The company is currently developing a sludge dewatering technology with a total investment of $900 million, with $640.79 million invested so far [86]. Market and Competition - The company faced external challenges such as tight local finances and increased competition from state-owned enterprises in the environmental protection sector [35]. - The environmental protection sector is facing intensified competition as various industries, including large property firms and internet giants, enter the market [56]. - The company is experiencing rapid turnover in its customer base for water pollution control equipment, necessitating continuous market expansion efforts [99]. - The company is expanding its overseas business through subsidiaries in Colorado and New York, aiming to enhance international competitiveness [102]. Governance and Compliance - The company has received a standard unqualified audit report from Zhongzheng Zhonghuan Accounting Firm [5]. - The company has established a comprehensive internal control system to manage subsidiaries, ensuring effective oversight of investment decisions, daily operations, and financial management [186]. - The company has a robust governance structure that integrates ESG management into daily operations, ensuring clear responsibilities and coordination among the board, management, and shareholders [189]. - The company has established a comprehensive environmental protection management system, ensuring that pollutant emissions meet relevant standards and have minimal impact on the surrounding environment [194]. Operational Strategy - The company adopted a more cautious operational strategy due to external market conditions, resulting in fewer projects undertaken [26]. - The company is committed to high-quality project development, exemplified by the construction of garden-style underground ecological water plants [37]. - The company has implemented targeted measures for accounts receivable management to mitigate risks associated with high account balances [100]. - The company is currently focusing on cautious operational strategies due to external market conditions affecting project acquisition [110]. Employee and Management - The company employed a total of 561 staff, with 382 in the parent company and 179 in major subsidiaries [176]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 863.86 million RMB [164]. - The company appointed a new Chief Financial Officer, Fu Xiaoqing, as part of a personnel adjustment [166]. - The company emphasizes employee training and development, conducting various training programs to enhance skills and knowledge [179].