炬光科技(688167) - 2024 Q4 - 年度业绩

Financial Performance - The total operating revenue for 2024 was RMB 619.07 million, representing a year-on-year increase of 10.32%[4] - The net profit attributable to the parent company was a loss of RMB 169.72 million, a decrease of 287.44% compared to the previous year[4] - The company's basic earnings per share decreased by 287.13% compared to the same period last year, primarily due to a decline in net profit[13] - The equity attributable to the parent company decreased by 12.06%, amounting to RMB 2,120.62 million[4] Assets and Liabilities - The total assets at the end of the reporting period were RMB 2,930.57 million, an increase of 11.46% from the beginning of the period[4] - Financial expenses increased due to reduced idle funds and increased acquisition loans, leading to decreased investment income and increased interest expenses[13] - The company reported a significant increase in financial expenses and a decrease in investment income due to the completion of the acquisitions and currency exchange losses[7] Acquisitions and Strategic Initiatives - The company completed two significant strategic acquisitions in 2024, which are expected to enhance business scope and market influence in the long term[7] - The integration of the Swiss acquisition is showing initial positive results, with production costs expected to decrease significantly due to the relocation of production to Shaoguan, China[8] - The automotive business acquired in Switzerland reported a negative gross margin, while the short operational time of the Singapore asset acquisition led to significant fixed cost amortization, negatively impacting overall gross margin[13] - The company has recognized impairment losses on goodwill related to the acquisitions, amounting to approximately RMB 300 million[9] Cost Management and Operational Challenges - The company has implemented measures to reduce product costs to mitigate the negative impact of intense competition in the industrial laser sector[6] - Increased operating costs due to two completed acquisition projects resulted in higher employee compensation and other operational expenses[13] - The company conducted impairment tests on goodwill and assets, resulting in an increase in impairment provisions to reflect financial status and operating results accurately[13] Reporting and Compliance - There are no significant uncertainties that could affect the accuracy of the performance report[14] - The 2024 major financial data is preliminary and unaudited, with specific figures to be confirmed in the annual report[14]