ZJHTC(SH:600895) Sou Hu Cai Jing·2025-04-06 00:22Core Insights - Zhangjiang Hi-Tech recently released its 2024 annual report, showing total assets of 59.403 billion yuan, a 16.46% increase from the beginning of the year, and a net profit attributable to shareholders of 9.82 billion yuan, with a year-on-year growth of 3.64% [1][7] Group 1: Financial Performance - The company achieved total operating revenue of 1.983 billion yuan in 2024, a decrease of 2.09% year-on-year, while total profit reached 1.275 billion yuan, down 2.80% [7] - The net profit attributable to the parent company was 9.82 billion yuan, reflecting an 18.59% year-on-year increase in net assets to 14.755 billion yuan [1][7] - The company reported a gross margin of 56.77% and a net margin of 50.14% for the year [7] Group 2: Business Strategy - The company focuses on the Shanghai Integrated Circuit Design Industrial Park, actively participating in niche and emerging industry sectors to enhance production capabilities [2] - It aims to strengthen the semiconductor industry through investment and support for cutting-edge technology sectors, establishing the Zhangjiang Haoxin integrated circuit innovation service platform in 2024 [2][4] - The company employs a multi-faceted approach to attract talent and foster innovation, creating a highland for industry talent [2] Group 3: Investment and Innovation - The company has aggregated capital market resources, with direct investments exceeding 9.5 billion yuan, and has established 56 direct investment projects totaling nearly 4.1 billion yuan [4] - The 895 incubator has supported 242 enterprises, generating total revenue of 1.78 billion yuan and a combined valuation of 18.95 billion yuan [4] - In 2024, 37 incubated enterprises secured financing totaling 4.332 billion yuan [4] Group 4: ESG Commitment - The company plans to release its first ESG report in 2025, emphasizing low-carbon development and green building standards for new projects [8] - It aims to integrate technology innovation with management systems to support urban low-carbon transformation [8] - The company prioritizes compliance and risk management, striving to be a trustworthy partner through transparent communication and ethical practices [8]