NEW JCM(SZ:300157) Zheng Quan Ri Bao Zhi Sheng·2025-05-28 06:40Core Insights - New Jin Power Group Co., Ltd. reported a revenue of 552 million yuan in 2024, a decrease of 15.91% year-on-year, with a net loss of 165.78 million yuan, although the loss narrowed compared to the previous year [1] - The company achieved a gross margin of 25.11%, which has gradually improved over the past three years [1] - In Q1 2025, the company turned a profit with a net income of 67.10 million yuan [1] Group 1: Financial Performance - In 2024, New Jin Power's operating cash flow turned positive, generating 37.06 million yuan [1] - The company has significantly reduced overdue debt and optimized its debt structure, with plans for key debt restructuring to be implemented by early 2025 [2] - The order backlog increased from approximately 1.3 billion yuan at the end of 2024 to 1.681 billion yuan by the end of Q1 2025 [3] Group 2: Business Strategy and Development - New Jin Power has established a full industry chain system encompassing "technology research and development - equipment manufacturing - engineering services," focusing on high-end equipment manufacturing and energy services [3] - The company aims to provide industrial turbine machinery solutions and has a market share of over 70% in the domestic synthetic ammonia application sector [3] - Future projects include supercritical CO2 power generation, green hydrogen ammonia integration, and compressed air energy storage [3][4] Group 3: Industry Trends - The demand for fertilizers is expected to rise due to climate change and population growth, with centrifugal compressors playing a crucial role in enhancing fertilizer production efficiency [4] - New Jin Power's chairman expressed the company's commitment to becoming a leader in energy transformation and enhancing its performance and value for investors [4]