Anhui Julong (SZSE:300475) announces annual results and strategic enhancements

Anhui Julong Transmission Technology (SZSE:300475), a key player in the electronic components sector, has released its 2024 annual results, highlighted by total assets of CNY 7,584.93 million. Despite a proposed profit distribution of CNY 26.54 million, the company is grappling with challenges evident in its operations. To address these, the company is streamlining internal processes and seeking enhanced returns for shareholders. The company is also implementing a capital reserve fund while maintaining focus on current operations. Key strategies include securing reliable suppliers, optimizing resource allocation, and upgrading risk control measures to support transparent operations. A focal point for Anhui Julong is reducing reliance on suppliers and key accounts. As of December 31st, 2024, its assets held in subsidiaries totaled CNY 2,609.56 million. With these initiatives, the company seeks to build shareholder value, while continuing to promote a transparent and well-governed operational structure.