JACK(603337) 长江商报· Chang Jiang Shang Bao·2025-04-16 00:37Core Viewpoint - Jack Co., Ltd. achieved record high operating performance in 2024, with significant growth in revenue and net profit driven by its global strategy and overseas market expansion [1][3]. Financial Performance - In 2024, the company reported operating revenue of 6.094 billion yuan, a year-on-year increase of 15.11% [1][3]. - The net profit attributable to shareholders reached 812 million yuan, up 50.86% year-on-year [1][3]. - The net profit after deducting non-recurring gains and losses was 758 million yuan, reflecting a growth of 61.67% [3][4]. - Basic earnings per share were 1.76 yuan, an increase of 55.75%, while diluted earnings per share were 1.75 yuan, up 54.87% [7]. Overseas Market Growth - The overseas market revenue for Jack Co., Ltd. was 2.944 billion yuan, representing a growth of 3.3% and accounting for 48.3% of total revenue [1][4]. - The gross margin for overseas products improved to 37.27%, an increase of 3.88 percentage points year-on-year [4]. Product Performance - Key products such as smart industrial sewing machines, smart cutting beds, and automatic sewing equipment for shirts and jeans generated revenues of 5.264 billion yuan, 626 million yuan, and 182 million yuan, respectively, with year-on-year growth rates of 14.69%, 14.36%, and 25.12% [4]. - The gross margins for these products were 31.28%, 42.39%, and 36.19%, with respective changes of +4.69, +2.36, and -1.46 percentage points [4]. R&D and Innovation - The company employed 1,289 R&D personnel, making up 18% of the total workforce, and established 14 R&D centers globally [6]. - R&D expenses for 2024 were 488 million yuan, a 23.67% increase, representing 8.01% of total revenue [6]. - The company applied for 445 patents during the reporting period, with a total of 2,705 valid patents by the end of 2024 [6]. Shareholder Returns - Jack Co., Ltd. announced a total cash dividend of 370 million yuan for 2024, which is approximately 45.5% of the net profit [7]. - The company initiated a 1 billion yuan share repurchase plan in 2024 to enhance earnings per share and optimize capital structure [7].