JONES TECH PLC(300684)2025-04-24 12:02Group 1: Company Overview and Financial Performance - The company is a global leader in functional polymer materials and thermal management solutions, focusing on core materials and components to meet industry demands [2][3] - In 2024, the company achieved a revenue of CNY 1.566 billion, a year-on-year increase of 24.51%, and a net profit of CNY 201 million, up 173.04% [3] - In Q1 2025, the company reported a revenue of CNY 349 million, a 16.41% increase year-on-year, and a net profit of CNY 61.73 million, up 105.70% [3] Group 2: Impact of External Factors - The impact of U.S. tariffs on the company's revenue is minimal, as exports to the U.S. account for less than 1% of total revenue [4] - The company has established an overseas production base in Thailand to meet global supply chain demands and mitigate trade risks [4][5] Group 3: Product and Market Development - The Thai production base, part of a 2023 capital increase project, will enhance production capabilities across multiple product lines [5] - The company is focusing on high-value products and optimizing its product structure, which has led to improved gross margins [7][8] Group 4: Research and Development - In 2024, the company invested CNY 84.35 million in R&D, with a R&D expense ratio of 5.39% [8] - The company has successfully developed P-type graphite and is advancing in the production of various thermal management products [9][10] Group 5: Future Growth and Profit Distribution - The company plans to distribute a cash dividend of CNY 6.5 per 10 shares for 2024, totaling CNY 194 million, which represents 96.19% of net profit [10] - Future growth is expected from increased demand for thermal materials in AI terminals and new business areas such as data centers and smart vehicles [12]