CVTE(002841)2025-01-23 11:10Financial Performance - Total revenue for 2024 reached CNY 2,245,684.22 million, an increase of 11.32% compared to CNY 2,017,263.63 million in the previous year[4] - Net profit attributable to shareholders decreased by 29.07% to CNY 97,174.24 million from CNY 137,000.10 million year-on-year[4] - Basic earnings per share decreased by 28.43% to CNY 1.41 from CNY 1.97 in the previous year[4] Business Segment Performance - Revenue from the home appliance business grew significantly by 70.23% year-on-year, driven by expansion in overseas markets and increased market share among top domestic clients[6] - The education business saw a revenue decline of 8.69% due to tightened customer procurement budgets, although the company maintained its leading position in the interactive smart panel sector[6] - Revenue from overseas markets grew by 17.51%, supported by the company's global strategy and partnerships with ecosystem partners like Microsoft[7] Cost and Profitability - The company's gross profit margin declined by 3.55 percentage points due to increased competition and rising raw material costs[8] Assets and Investments - The company's total assets increased by 4.01% to CNY 2,267,945.32 million, primarily due to profit accumulation and growth in long-term assets[10] Research and Development - Research and development expenses rose by CNY 113.66 million, reflecting the company's commitment to innovation in various technology fields[8] - The company launched several new products, including the upgraded Xiwo Teaching Model 2.0 and various software applications, enhancing its product portfolio[8]