2024-08-09-上交所科创板-2024_Semi-Annual_Assessment_Report_on_Quality_and_Efficiency_Improvement_Action_Plan_16页_7mb

2024 Semi-Annual Assessment Summary - Hainan Jinpan Smart Technology Co., Ltd.

Core Content

Hainan Jinpan Smart Technology Co., Ltd. (Jinpan Technology) has made significant strides in 2024 by focusing on improving quality and efficiency to increase returns. The company is leveraging digital transformation, green and low-carbon initiatives, and AI technology to enhance its competitive edge and support sustainable development.

Main Views and Key Information

Digital Transformation and Intelligent Manufacturing

• Jinpan Technology has established a complete product lifecycle management system, integrating digital and traditional manufacturing models.
• The company has successfully implemented digital factories in several regions, including Hainan and Guilin, and is replicating these models to new production sites.
• The application of digital twin and AI technologies has improved total factor productivity, product quality, and reduced energy consumption and emissions.

AI and Innovation Initiatives

• Launched the "Al+ Research Initiatives" to develop vertical, domain-specific AI large language models.
• Established an interdepartmental AI team to optimize R&D, design, production, and sales processes.
• Completed the first phase of intelligent Q&A requirements through collaboration with leading AI companies.
• The AI initiative is seen as a strategic shift, aiming to advance intelligent manufacturing and high-quality development.

Green and Low-Carbon Development

• The company has focused on developing green and low-carbon technologies, including energy storage systems and zero-carbon park solutions.
• Achieved notable success with products such as the offshore wind power floating cabin built-in dry-type transformer and the 20+MW offshore wind turbine cabin transformer.
• The "Solution to Integrated Energy Management System for Zero-Carbon Parks (Factories)" was selected as one of the top 50 typical cases of green and low-carbon development in 2024.

Data Asset Recognition

• Recognized five core data assets, including digital factory data products and energy management systems.
• These data assets are estimated to have a value exceeding RMB 300 million and are now included in the company's balance sheet.
• This move supports data circulation, legal basis for transactions, and optimized resource allocation.

Global Market Expansion

• Expanded production capacity in Mexico and the United States, and established a European factory and sales headquarters in Poland.
• Signed several contracts with major EPC partners in overseas markets, with cumulative contract value reaching RMB 739 million.
• Achieved a significant breakthrough in the new digital integrated solution business, with orders totaling RMB 476 million (excluding tax).

Domestic Market Strategy

• Focused on mid-to-high-end clients and emerging industries.
• Developed customized liquid-immersed transformer products for different overseas regions and promoted their industrialization globally.

R&D and Talent Development

• As of June 30, 2024, the company had 411 R&D personnel, covering various fields such as product R&D, design, and quality control.
• Holds 263 valid patents, including 32 domestic invention patents, 5 overseas invention patents, and 219 utility model patents.
• Holds 58 software copyrights and 36 trademarks.
• Deepened industry-university-research cooperation to enhance R&D capabilities and prepare for new product development.

Corporate Governance and Compliance

• Conducted 7 training sessions for directors, supervisors, and senior executives, covering regulatory compliance, governance, and market trends.
• The Board Office participated in 11 regulatory training sessions and published "Monthly Regulatory Dynamics" to keep management informed.
• Improved internal control systems and formulated 7 basic management systems to enhance governance and compliance.

Investor Relations and Returns

• Optimized investor relations through multi-channel communication, including SSE e-interview and Roadshow Center.
• Hosted the 2024 Annual Open Day for Public Investors, attracting 104 participants.
• Implemented a shareholder dividend return plan for 2024-2026, proposing a minimum cash dividend of 30% of distributable profits.
• Completed the 2023 dividend work, distributing RMB 4.5 per 10 shares, totaling RMB 205,584,400 (including tax).
• Conducted share repurchases through centralized bidding, totaling 1,212,625 shares and a transaction amount of RMB 51,310,884.38.

Strategic Goals

• The company aims to build an ecological platform for intelligent manufacturing and promote sustainable development.
• Emphasizes the integration of AI technology into all aspects of enterprise production to drive high-quality development.
• Committed to open cooperation and innovative development to enhance competitiveness and operational efficiency.

Summary

Jinpan Technology has demonstrated strong performance in 2024, focusing on digital transformation, AI integration, and green and low-carbon initiatives. The company has expanded its global presence, optimized its client structure, and enhanced its R&D and talent development strategies. Through improved corporate governance and investor relations, it has strengthened its market position and delivered significant returns to stakeholders. The company continues to lay a solid foundation for future growth and sustainable development.