金十数据5月29日讯，赛目科技(02571.HK)与高德软件有限公司签署战略合作协议，并宣布将围绕智能 装备、智慧交通、智慧城市三大领域展开深度合作。双方将联合开发面向未来的城市级智慧交通融合方 案，实现空中航路与地面道路统筹规划，支撑无人车、无人机高效运行。 赛目携手高德在港签署"低空经济生态共建"战略合作 ...

Intelligent Connected Vehicles (ICV) Technology - The company focuses on intelligent connected vehicles (ICV) simulation testing technology, providing design, R&D, and related testing solutions[5]. - In 2021, the company's Sim Pro toolchain became the first globally to receive ASIL D functional safety certification under ISO 26262, enhancing its competitive edge in the Chinese market[6]. - The company launched Safety Pro, a functional safety analysis tool for ICV, which received ISO 26262 TCL 2 certification in July 2023[6]. - The company aims to reduce reliance on foreign-developed ICV simulation testing software, positioning itself as a domestic alternative[6]. - The company is committed to enhancing its technological capabilities in ICV testing, validation, and evaluation[6]. - The ICV industry is experiencing rapid growth due to government support and increasing consumer acceptance of smart vehicle features, presenting significant development opportunities for the company[23]. - The company continues to enhance its core products, Sim Pro and Safety Pro, to support the development of intelligent driving technology[20]. - The company is actively expanding its application scenarios and pushing for the safe implementation of intelligent driving technology[20]. - The company is actively exploring and developing hardware products to complement ICV simulation testing and data platforms[29]. Financial Performance - For the fiscal year 2024, the company achieved revenue of approximately RMB 221.9 million, representing a growth of 26.3% compared to fiscal year 2023[25]. - The net profit for the fiscal year 2024 was approximately RMB 55.1 million, reflecting a growth of 3.1% from the previous fiscal year[25]. - Revenue from ICV simulation testing software and platform reached RMB 133.8 million, representing a 33.1% increase compared to the fiscal year 2023[26]. - Revenue from ICV data platform and other products was approximately RMB 20.6 million, reflecting a 3.5% growth compared to the fiscal year 2023[28]. - Revenue from ICV testing and related services amounted to approximately RMB 37.9 million[33]. - Revenue from consulting and other services increased by 80.9% to approximately RMB 29.5 million compared to the fiscal year 2023[33]. - Revenue increased from RMB 175.7 million in FY2023 to RMB 221.9 million in FY2024, representing a growth of approximately 26.3%[41]. - Gross profit rose from RMB 124.6 million in FY2023 to RMB 151.8 million in FY2024, an increase of about 21.9%, while gross margin decreased from 70.9% to 68.4%[44]. Research and Development (R&D) - The company plans to enhance investment in R&D and technology innovation to improve core competitiveness and expand market share in China and overseas[35]. - Continuous investment in R&D has driven technological innovation and product upgrades, improving market competitiveness[27]. - The company is focusing on R&D for existing solutions such as Sim Pro and Safety Pro, with an investment of HKD 62.8 million[173]. - The company aims to optimize existing solutions and develop new products, focusing on tools based on the Sim Pro toolchain, including SGO Pro, DB Pro, and Cloud Pro[36]. - The company is investing $50 million in research and development for new technologies aimed at enhancing product offerings[1]. Market Expansion and Strategy - The company plans to continue innovating and expanding its product offerings in the ICV simulation testing sector[6]. - The company is strategically positioned to leverage its early market entry advantage in China's ICV simulation testing market[6]. - The company intends to expand its customer base and geographical market coverage, particularly in more cities in China and potentially establish a representative office in Hong Kong[38]. - Market expansion plans include entering three new international markets by the end of the year, targeting a 25% increase in market share[1]. - The company is actively pursuing market expansion and potential mergers and acquisitions to strengthen its market position[6]. Customer and Supplier Relationships - The company has established a strong customer base, including government entities, state-owned enterprises, and well-known automotive manufacturers[5]. - The company established long-term partnerships with several well-known automotive manufacturers and technology companies, enhancing business opportunities and growth potential[27]. - The group’s top five customers accounted for 63.5% of total revenue, with the largest customer contributing 16.2%[146]. - The group’s top five suppliers represented approximately 97.7% of total procurement, with the largest supplier accounting for 44.6%[146]. Corporate Governance and Management - The board of directors is responsible for the company's strategic direction and policy formulation, ensuring decisions are made in the best interest of shareholders[183]. - All independent non-executive directors have confirmed their independence, ensuring a balanced and independent judgment within the board[188]. - The company has established a comprehensive onboarding process for newly appointed directors to ensure they understand the business and regulatory responsibilities[190]. - The audit committee, consisting of three independent non-executive directors, is responsible for overseeing financial reporting and risk management[197]. - The supervisory board confirmed that the company's financial system is sound, with no significant omissions or false records in the financial reports, reflecting a good financial condition[178]. Sustainability and Social Responsibility - The management team emphasized a commitment to sustainability, with plans to reduce carbon emissions by 30% over the next five years[1]. - The company has established an ESG task force to oversee sustainability strategies and address related issues within its operations[121]. - The company is participating in industry standard-setting and policy research to enhance its technological capabilities and market reputation[158]. Employee and Talent Management - The company aims to increase its workforce by 15% to support growth initiatives and new projects[1]. - The total number of employees increased to 187 as of December 31, 2024, from 181 as of December 31, 2023, with employee costs approximately RMB 71.2 million in FY2024[80]. - The company plans to increase its talent pool by recruiting professionals in software development, algorithms, and project management to support business development[39]. Financial Position and Assets - The total assets of the company as of December 31, 2024, amounted to RMB 667.96 million, an increase from RMB 600.81 million in 2023[18]. - The company's total liabilities as of December 31, 2024, were RMB 110.25 million, up from RMB 99.40 million in 2023[18]. - Current assets increased from RMB 449.3 million as of December 31, 2023, to RMB 495.7 million as of December 31, 2024, primarily due to increases in cash and cash equivalents, contract fulfillment costs, and trade receivables[63]. - Cash and cash equivalents increased from RMB 118.4 million as of December 31, 2023, to RMB 208.3 million as of December 31, 2024, mainly due to the redemption of financial products[64]. Shareholder Information - The board of directors has recommended not to declare any final dividend for the fiscal year ending December 31, 2024[123]. - The company has issued a total of 133,333,400 shares, including 100,000,000 unlisted shares and 33,333,400 H-shares[136]. - Major shareholder Kongge Technology holds approximately 30.17% of the unlisted shares, equating to 30,169,382 shares[138]. - The company has a significant concentration of ownership, with Hu Dailin, Wang Yishuang, and He Feng each holding 45.44% of the unlisted shares[138].

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 221,883,000, an increase of 26.3% compared to RMB 175,703,000 in 2023[2] - Gross profit for 2024 was RMB 151,795,000, reflecting a 21.9% increase from RMB 124,564,000 in 2023[2] - Profit before tax increased by 12.2% to RMB 56,968,000 in 2024, up from RMB 50,755,000 in 2023[2] - Net profit attributable to owners of the company was RMB 53,666,000, a decrease of 3.3% from RMB 55,479,000 in 2023[2] - Basic and diluted earnings per share were RMB 0.55 and RMB 0.54 respectively, down from RMB 0.56 in 2023[2] - Total revenue for the year ended December 31, 2024, was RMB 221,883 thousand, representing an increase of 26.3% from RMB 175,703 thousand in 2023[19] - Revenue recognized at a point in time was RMB 220,719 thousand, up 26.6% from RMB 174,357 thousand in 2023[19] - The net profit for fiscal year 2024 was approximately RMB 55.1 million, reflecting a growth of 3.1% from the previous year[42] - Adjusted profit for the fiscal year 2024 is RMB 56,766,000, an increase from RMB 54,975,000 in 2023, representing a growth of approximately 3.2%[73] Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 667,960,000, compared to RMB 600,814,000 in 2023[4] - Cash and cash equivalents increased to RMB 208,325,000 in 2024 from RMB 118,431,000 in 2023[4] - Total equity rose to RMB 557,708,000 in 2024, up from RMB 501,412,000 in 2023[5] - The total trade receivables and notes receivable as of December 31, 2024, were RMB 191,297 thousand, an increase from RMB 165,695 thousand in 2023[34] - The company's trade receivables and notes increased from RMB 165.7 million in 2023 to RMB 191.3 million in 2024, primarily due to increased revenue, with a turnover period of 293.6 days in 2024 compared to 317.5 days in 2023[77] - The company's current assets increased from RMB 449.3 million in 2023 to RMB 495.7 million in 2024, driven by increases in cash, cash equivalents, contract fulfillment costs, and trade receivables[79] - The company's intangible assets grew from RMB 31.7 million in 2023 to RMB 52.3 million in 2024, primarily due to new acquisitions of intangible assets[75] - The company's trade payables decreased to RMB 5,136 thousand in 2024 from RMB 7,162 thousand in 2023[36] Research and Development - Research and development expenses increased to RMB 85,871,000 in 2024 from RMB 71,331,000 in 2023[3] - Research and development expenses increased from RMB 71.3 million in the fiscal year 2023 to RMB 85.9 million in the fiscal year 2024, an increase of approximately 20.4%[66] - Continuous investment in R&D has driven technological innovation and product upgrades, providing advanced ICV testing and evaluation solutions[45] - The company is focused on the development of intelligent connected vehicles (ICV) simulation testing technology, with plans to expand its application to other industries[39] Revenue Streams - Revenue from ICV simulation testing software and platform reached RMB 133,793 thousand, up 33.2% from RMB 100,492 thousand in the previous year[19] - ICV testing and related services revenue was RMB 37,941 thousand, slightly down from RMB 38,970 thousand in the previous year[19] - Consulting and other services revenue surged to RMB 29,528 thousand in 2024, compared to RMB 16,320 thousand in 2023, marking an increase of 80.9%[19] - Revenue from ICV data platform and other products was approximately RMB 20.6 million, reflecting a 3.5% growth compared to the fiscal year 2023[46] Expenses and Costs - The cost of procurement increased significantly to RMB 65,207 thousand in 2024 from RMB 24,277 thousand in 2023, indicating a rise of approximately 168%[23] - The cost of sales rose from RMB 51.1 million in the fiscal year 2023 to RMB 70.1 million in the fiscal year 2024, an increase of about 37.1%[60] - The depreciation of equipment rose to RMB 30,369 thousand in 2024 from RMB 20,809 thousand in 2023, marking an increase of approximately 46%[23] - The company’s employee costs for fiscal year 2024 were approximately RMB 71.2 million, compared to approximately RMB 72.3 million in fiscal year 2023[94] Corporate Governance and Compliance - The company has adopted strict corporate governance standards and has been compliant with all applicable rules since its listing date[98] - The audit committee has reviewed the consolidated financial statements for the fiscal year ending December 31, 2024, and confirmed compliance with relevant accounting standards[105] - The external auditor, PwC, has confirmed that the preliminary performance announcement aligns with the audited financial statements for the fiscal year ending December 31, 2024[106] Future Plans and Strategy - The company aims to enhance product and service quality to meet changing market demands and customer needs, laying a solid foundation for business growth[41] - The company plans to enhance its existing solutions and invest in R&D to strengthen its core competitiveness in products and services[54] - The company aims to expand its market share in China and further explore overseas markets[54] - The group plans to expand the application of simulation technology in various industries, including drone-related solutions and smart agriculture[58] Dividends and Shareholder Information - The company has not declared or paid any dividends for the fiscal year 2024, consistent with 2023[37] - The annual general meeting is scheduled for June 17, 2025[102] - The annual report will be distributed to shareholders and published on the company's website and the stock exchange's website[107]