Financial Performance - In 2024, the company achieved total operating revenue of 356.84 million RMB, a decrease of 18.79% compared to the previous year[3]. - The net profit attributable to the parent company was 33.90 million RMB, down 69% year-on-year, while the net profit excluding non-recurring gains and losses dropped by 77.06% to 21.69 million RMB[5]. - Total assets at the end of 2024 were 1,009.35 million RMB, a decline of 6.55% from the beginning of the period, and equity attributable to the parent company decreased by 3.14% to 862.40 million RMB[5]. - The basic earnings per share decreased by 68.37% to 0.31 RMB, reflecting the overall decline in profitability[3]. Revenue Breakdown - The company reported a significant decrease in solution business revenue, down approximately 56.55 million RMB, or 87.37%, and overseas business revenue fell by about 21.47 million RMB, or 46%[5]. Expenses and Investments - Research and development expenses increased by approximately 34.13 million RMB due to enhanced team building and market layout efforts, alongside a rise in management and sales expenses[6]. - The company implemented a capital reserve distribution, increasing its share capital by 46.91% during the reporting period[3]. Future Outlook - The company plans to strengthen its market expansion in traditional electricity, new energy, rail transportation, and smart manufacturing sectors, with a focus on innovative product development[6]. - Future projects in rail transportation and digital transformation are expected to yield more orders, reinforcing the company's industry leadership[8]. - The company anticipates steady growth in the smart mining sector and a robust order pipeline in the energy storage field[6].
三旺通信(688618) - 2024 Q4 - 年度业绩