GUOXIN MICRO(002049)2025-04-22 15:50Financial Performance - The company's operating revenue for 2024 was ¥5,511,073,894.21, a decrease of 27.26% compared to ¥7,576,015,885.07 in 2023[6]. - The net profit attributable to shareholders for 2024 was ¥1,179,318,545.51, down 53.43% from ¥2,532,477,887.84 in 2023[6]. - The net profit excluding non-recurring gains and losses for 2024 was ¥926,100,569.29, a decline of 61.31% from ¥2,393,845,404.12 in 2023[6]. - The cash flow from operating activities for 2024 was ¥1,467,379,051.44, a decrease of 17.07% compared to ¥1,769,449,193.94 in 2023[6]. - The basic earnings per share for 2024 was ¥1.3986, down 53.28% from ¥2.9936 in 2023[6]. - The total assets at the end of 2024 were ¥17,319,762,346.06, a decrease of 4.13% from ¥18,065,650,398.38 at the end of 2023[6]. - The company achieved operating revenue of CNY 551,107.39 million, a decrease of 27.26% year-on-year, and a net profit attributable to shareholders of 117,931.85 million yuan, down 53.43% year-on-year[28]. - Integrated circuit business revenue was CNY 521,533.49 million, accounting for 94.63% of total revenue, with a year-on-year decline of 28.98%[41]. Dividend Distribution - The company plans to distribute a cash dividend of 2.10 CNY per 10 shares (including tax) to all shareholders based on a total share count of 843,227,456 shares after deducting 6,396,000 shares held in the repurchase account[4]. - The cash dividend distribution plan was approved at the 2023 annual general meeting, with no stock dividends or capital reserve transfers[136]. - The company's total cash dividend amount represents 100% of the distributable profit for the period[139]. Business Transformation and Strategy - The company has undergone significant business transformation since its listing in 2005, expanding from piezoelectric quartz crystal components to integrated circuits through acquisitions[14]. - The company’s main business has evolved significantly, entering the LED industry in 2011 and expanding into integrated circuits in 2012 through major asset restructuring[14]. - The company has established itself as a leading player in the integrated circuit design sector, particularly in special integrated circuits and smart security chips[26]. - The company aims to enhance its core business capabilities in specialty integrated circuits, focusing on product category expansion and market share growth[88]. - The company plans to strengthen its strategic operations and capital market initiatives to enhance core competitiveness and ensure sustainable high-quality development[88]. Research and Development - The company invested 128,591.45 million yuan in R&D, accounting for 23.33% of operating revenue, and obtained 85 invention patents and 19 utility model patents during the year[29]. - The company is committed to maintaining high levels of research and development investment to enhance technological competitiveness[90]. - The company has a remuneration policy that emphasizes performance-based pay and encourages innovation among employees[134]. Market Position and Industry Trends - The company reported a significant increase in the global semiconductor industry sales, reaching $627.6 billion in 2024, a year-on-year growth of 19.1%[26]. - The domestic integrated circuit production in 2024 was 451.4 billion pieces, reflecting a growth of 22.2% compared to the previous year[26]. - The automotive electronics market is expected to maintain long-term growth, particularly in the field of new energy vehicles, where the company holds a leading position domestically[90]. Corporate Governance - The company emphasizes its commitment to legal responsibilities regarding the accuracy of its annual report[4]. - The company has established a performance evaluation system for senior management, ensuring transparency in the hiring process[99]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal requirements[98]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finance[102]. Shareholder Engagement - The company held 2 shareholder meetings during the reporting period, ensuring equal treatment of all shareholders and disclosing voting results for minority investors[98]. - The company reported a 34.99% investor participation rate in the 2023 annual shareholder meeting held on May 9, 2024[105]. Environmental Responsibility - The company adheres to energy-saving and environmental protection principles in its daily management and production processes, ensuring compliance with environmental safety regulations[149]. - The company has committed to improving its environmental management system and enhancing employee awareness of environmental protection[149]. Related Party Transactions - The total amount of daily related transactions in the reporting period was 52,482.23 million yuan, which is within the expected range[165]. - The company purchased raw materials and chips from related parties amounting to 37,742.24 million yuan, accounting for 16.37% of similar transactions[164]. Changes in Ownership Structure - The company has undergone changes in its fundraising projects due to market conditions, leading to a reassessment of project feasibility[81]. - The company is currently undergoing changes in the ownership structure of its controlling shareholder, 紫光春华[196]. - The company does not have an actual controller, as the restructuring of Unisplendour Group in July 2022 resulted in Zhiguangxin holding 100% of Unisplendour Group's shares[200].