J-Micro(SZ:300819) Xin Lang Cai Jing·2025-04-14 13:12Core Viewpoint - In 2024, Jiangsu Jujie Microfiber Technology Group Co., Ltd. (referred to as "Jujie Microfiber") reported significant changes in its financial data, with a notable decrease in revenue and net profit, highlighting the need for the company to enhance its market competitiveness and optimize its product structure [1][2]. Revenue and Profit - Operating revenue decreased by 12.46% to CNY 599,525,554.01, primarily due to weak international market demand and high trade environment risks [1]. - Net profit attributable to shareholders decreased by 13.42% to CNY 64,449,510.83, while the net profit excluding non-recurring items increased by 56.43% to CNY 65,960,774.90, indicating improved core business profitability [2]. Earnings Per Share - Basic earnings per share decreased by 14.00% to CNY 0.43, while the potential increase in non-recurring earnings per share reflects positive developments in the company's core business [3]. Expense Analysis - Sales expenses increased by 5.71% to CNY 21,171,118.73, driven by higher sales commissions and sample costs [4][5]. - Management expenses decreased by 9.99% to CNY 41,080,722.72, attributed to enhanced internal controls and reduced travel and exhibition costs [6]. - Financial expenses significantly decreased by 322.21% to -CNY 7,818,261.23, mainly due to increased interest income and exchange gains [7]. R&D Investment - R&D expenses decreased by 18.74% to CNY 30,474,279.78, which may impact the company's future innovation capabilities [8]. - The number of R&D personnel increased from 87 to 91, with a slight change in educational background, potentially affecting R&D efficiency [8]. Cash Flow - Net cash flow from operating activities slightly increased by 0.85% to CNY 88,211,768.63, indicating stable operations [9]. - Net cash flow from investing activities decreased by 124.54% to -CNY 48,814,984.09, necessitating a review of investment strategies [9]. - Net cash flow from financing activities decreased by 212.38% to -CNY 72,210,600.81, highlighting the need for better funding arrangements [9].