JSHX(SH:600307) Xin Lang Cai Jing·2025-04-30 01:12Core Viewpoint - The financial performance of Jiugang Hongxing (600307.SH) in 2024 shows a significant decline in revenue and profitability compared to the previous year, indicating potential challenges in the company's operations and market position [1][3]. Financial Performance - The company's total revenue for 2024 was 34.842 billion yuan, a decrease of 4.611 billion yuan, or 11.69% year-on-year [1]. - The net profit attributable to shareholders was -2.617 billion yuan, a decline of 1.567 billion yuan compared to the same period last year [1]. - Operating cash flow showed a net inflow of 108 million yuan, down 396 million yuan, or 78.65% year-on-year [1]. Financial Ratios - The latest debt-to-asset ratio is 83.98%, an increase of 6.84 percentage points from the previous year [3]. - The gross profit margin is 5.31%, down 1.79 percentage points year-on-year [3]. - Return on equity (ROE) stands at -34.62%, a decrease of 24.27 percentage points compared to the previous year [3]. - The diluted earnings per share are -0.42 yuan, a reduction of 0.25 yuan from the same period last year [3]. Operational Efficiency - The total asset turnover ratio is 0.76 times, down 0.17 times year-on-year [3]. - The inventory turnover ratio is 6.32 times, a decrease of 0.35 times compared to the previous year [3]. Shareholder Structure - The number of shareholders is 199,600, with the top ten shareholders holding 3.804 billion shares, accounting for 60.74% of the total share capital [3]. - The largest shareholder is Jiuquan Steel Group Co., Ltd., holding 58.79% of the shares [3]. Research and Development - The total R&D investment is 1.065 billion yuan, ranking 15th among peers, with a year-on-year increase of 61.34 million yuan, marking five consecutive years of growth [3][4]. - The R&D investment ratio is 3.06%, ranking 17th among peers, with an increase of 0.52 percentage points year-on-year [4].