Jovo Energy(SH:605090) Sou Hu Cai Jing·2025-06-17 06:51Core Viewpoint - Jiufeng Energy (SH605090) reported its 2024 annual results, showing a decline in revenue but an increase in net profit, indicating a mixed financial performance [1]. Financial Performance - The company's operating revenue for 2024 was 22.047 billion, a decrease of 17.01% compared to the previous year [2]. - The net profit attributable to shareholders was 1.684 billion, an increase of 28.93% year-on-year [2]. - The net profit after deducting non-recurring gains and losses was 1.350 billion, reflecting a growth of 1.12% [2]. - Basic earnings per share stood at 2.71 yuan [2]. Profitability Metrics - Jiufeng Energy's gross margin for 2024 was 9.33%, up by 1.51% from the previous year [3]. - The net profit margin improved to 7.65%, an increase of 2.70% year-on-year [3]. Cash Flow and Expenses - The net cash flow from operating activities was 20.468 billion, down by 5.16% compared to 2023 [2]. - Total operating expenses for the year were 544 million, an increase of 54.6492 million year-on-year, with an expense ratio of 2.47%, up by 0.63% [3]. - Sales expenses rose by 12.21%, management expenses increased by 5.81%, R&D expenses surged by 133.08%, and financial expenses grew by 38.81% [3]. Employee Statistics - The total number of employees at Jiufeng Energy in 2024 was 1,790, a slight increase from 1,784 in the previous year [4]. Executive Compensation - Total remuneration for directors, supervisors, and senior management in 2024 amounted to 18.9158 million, with the highest-paid executive being Vice President Cai Jianbin, who received 3.1763 million [5].