江瀚新材: 2024年年度股东大会会议资料

Core Viewpoint - Hubei Jianghan New Materials Co., Ltd. reported a decline in revenue and net profit for the year 2024, attributed to global economic downturn and falling product prices, despite an increase in sales volume of functional silane coupling agents. Financial Performance - The company achieved operating revenue of 2.216 billion yuan, a decrease of 2.69% year-on-year [6][24]. - Net profit was 602 million yuan, down 8.03% compared to the previous year [6][24]. - The net cash flow from operating activities was 533 million yuan, a decline of 25.45% year-on-year [6][31]. Market and Industry Conditions - The functional silane market is facing increased competition with many new entrants, leading to price declines despite growing demand [6][7]. - The company successfully developed 141 new domestic customers and 23 international customers, indicating a strong market expansion effort [7]. Operational Highlights - The company launched one new product and completed trials for several others, focusing on market-driven R&D [8][9]. - Production efficiency improvements were made through process upgrades, resulting in a significant reduction in waste and energy consumption [10][11]. Governance and Compliance - The company adhered to legal and regulatory requirements, ensuring proper governance and internal controls [14][19]. - The board of directors held nine meetings and executed all resolutions effectively during the reporting period [16][19]. Environmental and Safety Initiatives - The company implemented various safety and environmental measures, achieving recognition as a "green factory" and reducing environmental costs significantly [13][12].