Yuejian Intelligent(603095)2025-04-11 09:25Dividend Distribution - The company plans to distribute a cash dividend of RMB 8.00 per 10 shares, totaling RMB 146,938,400.00 (including tax) based on a total share capital of 184,800,000 shares as of December 31, 2024[6]. - The company has not conducted any other forms of profit distribution, with remaining undistributed profits carried forward to future periods[6]. - The company distributed cash dividends totaling 46.2 million yuan in 2023, representing 95.38% of the net profit attributable to ordinary shareholders[36]. - In 2024, the company plans to distribute an additional 55.1 million yuan in cash dividends, continuing its trend of increasing dividend frequency[36]. - The proposed dividend for 2024 is RMB 8.00 per 10 shares, totaling RMB 146,938,400, with a capital reserve conversion of 4 shares for every 10 shares held[111]. Financial Performance - The company achieved operating revenue of CNY 1,295,242,591.60 in 2024, representing an increase of 82.32% compared to the previous year[24]. - Net profit attributable to shareholders reached CNY 98,549,682.79, up 103.47% year-on-year, driven by increased sales revenue[24]. - The basic earnings per share (EPS) for 2024 was CNY 0.53, reflecting a growth of 103.85% from CNY 0.26 in 2023[26]. - The weighted average return on equity (ROE) increased to 3.97%, up 2.05 percentage points from the previous year[26]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching CNY 92,610,802.79, up 116.75% from the previous year[25]. Assets and Liabilities - Total assets increased by 7.48% to CNY 3,311,339,849.88 compared to the end of 2023[25]. - The net assets attributable to shareholders decreased slightly by 0.72% to CNY 2,461,898,947.45[25]. - Current liabilities rose to CNY 794,381,832.92 in 2024, up from CNY 544,614,932.19 in 2023, indicating a growth of about 45.7%[186]. - The company's total liabilities increased to CNY 849,762,921.66 in 2024 from CNY 598,010,584.14 in 2023, marking a rise of about 42.1%[187]. Research and Development - The company holds 110+ independent intellectual property rights, including 32 invention patents, enhancing its competitive edge in the textile machinery sector[41]. - The company’s R&D expenses increased by 55.16% to CNY 42,735,979.91, indicating a commitment to innovation[45]. - The company’s R&D efforts led to the recognition of its multifunctional texturing machine as an excellent industrial new product in Zhejiang Province for 2023[34]. - The total R&D investment accounted for 3.30% of operating revenue[56]. Market and Competition - The textile machinery industry saw a 4.4% increase in industrial added value for large-scale enterprises in 2024, with total revenue reaching 49,532.1 billion yuan, a 4.0% year-on-year growth[38]. - The company is actively expanding its market presence in South China and North China, with significant revenue growth in these regions[49]. - The textile machinery industry is experiencing increased competition, with domestic manufacturers improving technology to capture market share previously held by international brands[73]. Governance and Compliance - The company has established an independent financial accounting system with dedicated financial personnel, ensuring independent financial decision-making[86]. - The board of directors consists of 7 members, including 3 independent directors, ensuring effective governance and decision-making[85]. - The company has conducted 2 shareholder meetings during the reporting period, with all proposed resolutions approved[89]. - The company has not faced any penalties from securities regulatory authorities in the last three years, except for the aforementioned warning letter[96]. Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY 101,814,882.96, a decrease of 32.92% compared to 2023[25]. - The net cash flow from investment activities was -723.01 million yuan, a significant decline of 3406.73% compared to the previous period, mainly due to increased entrusted financial management amounts[59]. - The total amount of cash flow from financing activities was -145.22 million yuan, reflecting a 39.68% increase in new bank loans[59]. Sustainability and Social Responsibility - The company is committed to sustainable production practices and the use of environmentally friendly manufacturing technologies[78]. - The company invested 3.1436 million yuan in environmental protection during the reporting period[121]. - The company has taken measures to reduce carbon emissions by using photovoltaic power generation to replace some traditional energy sources[123]. - The company made a total investment of 50,000 yuan in poverty alleviation and rural revitalization projects, specifically for educational support in Ebian Yi Autonomous County[124]. Shareholder Information - The top shareholder, Zhejiang Yuejian Holdings Co., Ltd., holds 64,649,970 shares, representing 34.98% of the total shares[152]. - The company has repurchased 1,127,000 shares as of the reporting period[161]. - The planned share repurchase amounts to between 750,000 and 1,500,000 shares, which is 0.41% to 0.81% of the total share capital[160]. - The company has a cash dividend policy that ensures at least 10% of the distributable profit is allocated for dividends each year[109].