JLMAG(300748)2025-04-01 12:44Financial Performance - In 2024, the company achieved a revenue of 6.763 billion yuan, a year-on-year increase of 1.13% [3] - Domestic sales revenue was 5.541 billion yuan, up 1.88% year-on-year, while overseas sales revenue reached 1.222 billion yuan, with approximately 418 million yuan from exports to the Americas [3] - The net profit attributable to shareholders was 291 million yuan, a decrease of 48.37% compared to the previous year [3] - The net cash flow from operating activities was 508 million yuan [3] Production and Sales - The company maintained a production capacity utilization rate of over 90% in 2024 [4] - High-performance magnetic material output was approximately 29,300 tons, a year-on-year increase of 39.48% [4] - Sales volume of high-performance magnetic materials reached about 20,900 tons, up 37.88% year-on-year, marking the highest production and sales in the company's history [4] Revenue by Application - Sales revenue from the new energy vehicle and automotive parts sector was 3.314 billion yuan, with a growth of 38.62% [5] - Revenue from variable frequency air conditioners was 1.540 billion yuan, increasing by 61.81% [5] - Wind power sales revenue was 497 million yuan, with a slight growth of 2.03% [5] R&D and Future Projects - The company is actively developing humanoid robot magnetic components and has begun small-scale deliveries [6] - A new project for producing 20,000 tons of high-performance rare earth permanent magnet materials is underway, with a planned construction period of 2 years [7] Dividend Policy - Since its listing in 2018, the company has consistently implemented cash dividends, with cumulative cash dividends exceeding 1 billion yuan, accounting for over 44% of cumulative net profit attributable to shareholders [8] - The proposed dividend for 2024 is 1.2 yuan per 10 shares, totaling approximately 164 million yuan, which would represent over 90% of the net profit for the year [8] Raw Material Supply and Inventory - The company has established long-term strategic partnerships with major rare earth suppliers, with 63% of its annual procurement coming from North Rare Earth Group and China Rare Earth Group [9] - In 2024, the company utilized 2,575 tons of recycled rare earth materials, accounting for 30.4% of total rare earth material usage [9]