Financial Performance - The company reported a revenue of RMB 1.2 billion for the fiscal year 2023, representing a year-over-year growth of 15%[16]. - The company's operating revenue for 2024 reached ¥546,866,760.79, representing a 14.50% increase compared to ¥477,615,800.01 in 2023[21]. - The company achieved a revenue of 54,686.68 million yuan in 2024, representing a year-on-year growth of 14.50%[180]. - Software development and licensing revenue reached 15,879.97 million yuan, with a significant year-on-year increase of 70.33%, raising the software business's share by nearly 10%[180]. - The company’s total sales volume in the integrated circuit sector increased by 55.07% year-on-year, with production volume also rising significantly[110]. - The company’s testing services and other revenue surged by 360.63% to 1,621.42 million yuan[106]. - The company reported a basic earnings per share of ¥0.40 for 2024, down 37.50% from ¥0.64 in 2023[21]. - The net profit attributable to shareholders decreased by 37.68% to ¥80,268,462.17 in 2024 from ¥128,803,163.18 in 2023[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 46.86% to ¥58,420,273.71 in 2024 from ¥109,945,771.66 in 2023[21]. Dividend Distribution - The company plans to distribute a cash dividend of 2.5 RMB per 10 shares to all shareholders, based on a total of 197,062,569 shares[3]. - The company has completed a total cash dividend of approximately 168 million yuan since its listing in August 2022[184]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[16]. - The company is actively exploring international markets to mitigate risks associated with high customer concentration and trade protection policies[174]. - The company is focusing on market expansion through partnerships with various technology firms, including a collaboration with Hangzhou Zhongxin[142]. - The company has established a wholly-owned subsidiary in Singapore and invested in Korea's Taitus Co., Ltd. to accelerate overseas market expansion[164]. Research and Development - Research and development expenses increased by 18%, focusing on 5G and silicon photonics technologies[16]. - The company has 179 authorized patents, including 105 invention patents, and maintains a high R&D investment, with R&D expenses amounting to 27,656.48 million yuan, accounting for 50.57% of revenue, a year-on-year increase of 33.49%[95]. - The company is focusing on enhancing EDA tools, particularly in DFT and DFM, to improve product performance and manufacturing yield[126]. - The company is expanding its R&D team for high-performance wafer-level testing equipment and optimizing testing device architecture for advanced processes[152]. - The company has developed a comprehensive product ecosystem for yield enhancement, covering EDA software, circuit IP, WAT testing equipment, and integrated circuit data analysis software[179]. Technology and Innovation - New product launches include a next-generation SoC that integrates advanced AI capabilities, expected to enhance performance by 30%[16]. - AI technology is significantly boosting semiconductor demand and is being integrated into chip design and manufacturing processes, enhancing performance and efficiency[40]. - The company has achieved international leading levels in several key technology areas, breaking the monopoly of overseas firms and receiving multiple industry awards for its innovations and contributions[49]. - The company’s self-developed EDA tools and circuit IP significantly improve chip area utilization and testing efficiency, reducing mask costs by approximately $2.4 million per set of masks for 14nm process development[87]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts, highlighting potential risks in its management discussion[3]. - The company is aware of the risks associated with technology development and plans to leverage its core technologies and customer relationships to stay competitive[168]. - The company is facing risks from industry development slowdown, which could negatively impact downstream demand and operational performance[169]. - The company plans to enhance its internal control and management levels to address risks associated with rapid expansion and complexity in operations[172]. Financial Management - The cash flow from operating activities improved significantly, with a net amount of ¥46,901,435.43 in 2024 compared to -¥212,239,078.36 in 2023, marking a 122.10% increase[21]. - The company’s financial expenses improved significantly, with a reduction of 40.59% due to a decrease in deposit interest rates[121]. - The company has completed key R&D projects aimed at enhancing EDA tool compatibility and expanding its product offerings in various application fields[122]. Corporate Governance - The company has established a complete independent financial department, capable of making independent financial decisions without sharing bank accounts with the controlling shareholder[196]. - The company has implemented a robust internal control mechanism to ensure effective governance and compliance with legal requirements[185]. - The company has enhanced investor relations management through various communication channels, including online/offline research and performance briefings[185]. - The company has established a strategic decision-making committee, audit committee, and remuneration and assessment committee to support board decisions[191].
广立微(301095) - 2024 Q4 - 年度财报