MDK(688079)2025-04-29 16:45Financial Performance - The net profit attributable to the parent company for 2024 was -101,845,842.42 RMB, while the net profit for the parent company was -4,947,767.23 RMB[5]. - The company plans not to distribute cash dividends, issue bonus shares, or increase capital reserves due to the losses incurred in 2024[5]. - The company is currently not profitable and has not achieved profitability since its listing[3]. - The net profit attributable to shareholders of the listed company was CNY -101.85 million, compared to CNY -84.45 million in 2023[21]. - The net cash flow from operating activities decreased by 40.14% to CNY 76.73 million[21]. - The company reported a basic earnings per share of CNY -0.26 for 2024, compared to CNY -0.21 in 2023[22]. - The company reported a non-recurring loss of approximately ¥8.76 billion in 2024, compared to a loss of ¥9.29 billion in 2023[29]. - The total amount of trading financial liabilities decreased from approximately ¥10.93 million at the beginning of the period to zero at the end of the period[31]. - The company’s cash dividend amount for the last three fiscal years is recorded as 0, indicating no cash dividends were distributed[186]. - The company’s cash buyback amount included in cash dividends for the last fiscal year was 5,789,664.80 RMB[184]. Revenue and Growth - The company achieved operating revenue of CNY 485.51 million in 2024, a year-on-year increase of 51.38%[21]. - The company’s operating revenue for the reporting period was 485.51 million yuan, an increase of 51.38% compared to the same period last year[106]. - Semiconductor optoelectronics revenue grew by 181.45% year-on-year, driven by the mass production of the 12-inch ultrasonic fingerprint recognition chip[110]. - Micro-nano electronics revenue surged by 585.19% year-on-year, mainly due to the ramp-up of production capacity for RF filter chips[112]. - The revenue from semiconductor packaging increased by 194.55% year-on-year, reflecting significant growth in the production of RF chip packaging and ultrasonic fingerprint recognition chip packaging[112]. - The company reported a revenue of 1,182.57 million for the TC-SAW micro circuit technology, with a growth of 349.53% compared to the previous period[84]. Research and Development - The company invested a total of 107.72 million yuan in R&D, accounting for 22.19% of its sales revenue, with 150 dedicated R&D personnel, representing 13.49% of the total workforce[39]. - Cumulative R&D investment over the last three fiscal years amounted to 265,570,166.92 RMB, representing 21.77% of total cumulative revenue[186]. - The company has applied for a total of 354 patents domestically and internationally, with 245 granted and 215 valid patents as of the end of the reporting period[39]. - The company has developed core technologies in precision optics, semiconductor acousto-optics, semiconductor micro-nano circuits (mainly MEMS), semiconductor packaging, and micro-nano optics[75]. - The company is focusing on R&D that aligns with customer needs and market trends, ensuring timely feedback and response[96]. Market and Strategic Focus - The company plans to focus on the optical optoelectronics and semiconductor industries, leveraging existing core technologies and high-quality customer resources to seize opportunities from technological trends such as AI, smart cars, 5G, and the metaverse[144]. - By 2025, the company aims to enhance its business expansion efforts, emphasizing innovation in processes, technology, and management, while developing new technologies, products, and businesses[145]. - The company intends to optimize its product structure and enhance profitability by focusing on differentiated product strategies and expanding its presence in the semiconductor acousto-optics and MEMS markets[146]. - Key investments will be made in semiconductor wafer manufacturing and packaging projects to optimize product structure and enhance core competitiveness[148]. Risk Management - The company has detailed various risks and countermeasures in the report, which can be found in the "Management Discussion and Analysis" section[3]. - The company faces risks related to rapid product technology iteration and potential loss of core personnel[98]. - The company is exposed to macroeconomic risks, including global economic fluctuations and international trade tensions[105]. Corporate Governance and Compliance - The company has established a robust internal control system and governance structure to ensure compliance with relevant laws and regulations, thereby protecting shareholder interests[150]. - The company has implemented key performance indicators across various operational areas to ensure continuous improvement[95]. - The company has no reported risks or dissenting opinions from the Supervisory Board[173]. Employee and Management Structure - The company reported a total of 1,112 employees, with 208 in the parent company and 904 in major subsidiaries[173]. - The company has a structured approach to remuneration that complies with relevant laws and regulations, ensuring no adverse impact on shareholder interests[162]. - The company has implemented a stock option and restricted stock incentive plan for 2024, linking executive performance to company performance[200]. - The total number of shares granted under the 2024 stock option and restricted stock incentive plan represents 2.17% of the total shares outstanding, which is 406,737,698 shares[188]. Future Outlook - The company provided an optimistic outlook for Q4 2023, projecting a revenue growth of 20% compared to Q3 2023[156]. - New product launches are expected to contribute an additional 100 million RMB in revenue in the next quarter[156]. - The management team emphasized a commitment to sustainability, aiming for a 30% reduction in carbon emissions by 2025[156].