Joincare(600380) 证券日报·2025-04-08 13:25Fundraising Overview - The company raised a total of RMB 171,599.38 million from a share placement in 2018, with a net amount of RMB 166,974.02 million after deducting issuance costs [1][2] - As of December 31, 2024, the company has used RMB 170,176.55 million of the raised funds, with a remaining balance of RMB 3,060.36 million [2][8] - The company issued Global Depository Receipts (GDR) in 2022, raising approximately USD 9,204 million, with a remaining balance of USD 9,627.91 million as of December 31, 2024 [3][8] Fund Utilization - In 2024, the company utilized RMB 37,454.76 million of the raised funds, with a cumulative usage of RMB 170,176.55 million [2][10] - Approximately 70% of the GDR funds are allocated for global R&D and industrialization plans, while 10% is for global sales and service network development, and 20% for working capital [9][10] Fund Management - The company has established a fundraising management system to ensure dedicated use of the funds, with strict approval processes in place [5][6] - The company has signed tripartite supervision agreements with banks and sponsors to manage the funds effectively [5][6] Project Updates - The company has completed the replacement of self-raised funds with raised funds for investment projects, amounting to RMB 21,532.82 million [10][11] - The company has also approved the temporary use of idle raised funds for working capital, with a maximum of RMB 20,000 million for the year 2024 [12][13] Financial Performance - In 2024, the company achieved an operating income of RMB 15.619 billion and a net profit attributable to shareholders of RMB 1.387 billion [20] - The company has maintained a stable performance despite challenges in the pharmaceutical sector, focusing on innovation and R&D [20][21] Governance and Compliance - The company emphasizes corporate governance, adhering to relevant laws and regulations, and has conducted multiple board meetings to ensure compliance [25][26] - The company has implemented measures to enhance investor relations and communication, including annual reports and shareholder meetings [28][29] Investor Returns - The company plans to distribute a cash dividend of RMB 2.00 per share for the 2024 fiscal year, reflecting its commitment to shareholder returns [43][29] - The company has conducted multiple share buybacks, totaling nearly RMB 2.7 billion, to enhance shareholder value [29][30] ESG Commitment - The company maintains a strong focus on ESG principles, achieving an MSCI ESG rating of AA and ranking among the top four in the Chinese pharmaceutical sector [31][32] - The company is committed to sustainable development, aiming for carbon neutrality by 2055 and actively participating in community health initiatives [31][32]