JLU COMMUNICATION(SZ:300597)2025-05-27 10:03Summary of Jilin Jida Communication Design Institute Co., Ltd. Conference Call Company Overview - Jilin Jida Communication Design Institute Co., Ltd. was established in 1985 and listed on the Shenzhen Stock Exchange's Growth Enterprise Market on January 23, 2017. The company is headquartered in Changchun, Jilin Province and is a high-tech enterprise in the communication and information technology service sector. [3][4] Key Points from the Conference Call Financial Performance - The company reported a revenue of 533.84 million yuan in 2024, a decrease of 3.86% year-on-year. [34] - The cost of sales was 409.30 million yuan, down 6.48% year-on-year. [34] - Management and sales expenses increased by 12.99% to 77.42 million yuan. [34] - The net profit attributable to shareholders was 4.90 million yuan, reflecting a year-on-year increase of 30.30%. [34][35] Strategic Focus - The company aims to become a comprehensive service expert in communication and information digital technology, focusing on digital, intelligent services and green low-carbon living. [8] - The strategic goal includes enhancing the quality and efficiency of core business while exploring new strategic industries for growth. [6][8] - The company plans to deepen its focus on communication technology services and information business, leveraging resource advantages to strengthen its market position. [8] New Business Development - The company is actively exploring new technologies and business models, particularly in the fields of smart canteens, electricity, and industrial digital transformation services. [30] - The smart canteen business achieved a revenue of 13.35 million yuan in 2024, with a year-on-year growth of 38.93% and a gross margin of 46.79%. [25] - The company plans to increase investments in the smart canteen sector to enhance market share and brand recognition. [25] Market Competition and Trends - The communication and information technology service industry is highly competitive, with a trend of decreasing bid discounts. [26] - The industry is witnessing a shift towards digital transformation, driven by advancements in technologies such as 5G, big data, and cloud computing. [27] - The company recognizes the importance of enhancing data center construction and utilizing digital means to improve overall industry intelligence. [27] Corporate Governance and Investor Relations - The company emphasizes strict compliance with laws and regulations to protect shareholder rights and ensure transparent communication. [13] - It has implemented a cash dividend policy to ensure returns for shareholders, with a proposed cash dividend of 0.04 yuan per share for 2024. [20] - The management is committed to improving cash flow and addressing operational challenges through cost control and market expansion. [17][18] Research and Development - The company invested 29.63 million yuan in R&D in 2024, accounting for 5.55% of total revenue, to maintain technological leadership in the industry. [32] - It holds 126 patents and 178 software copyrights, contributing to its competitive edge and innovation capabilities. [31][32] Social Responsibility - The company has contributed to educational initiatives in rural areas, including donations for building laboratories and improving teaching conditions. [16] Conclusion Jilin Jida Communication Design Institute Co., Ltd. is navigating a challenging market environment while focusing on strategic growth areas and maintaining a commitment to innovation and social responsibility. The management's proactive approach to addressing financial performance and market competition positions the company for potential recovery and growth in the coming years.