Unionman Technology (SH:688609)2025-02-27 09:45Financial Performance - The total operating revenue for 2024 reached RMB 251,660.42 million, representing a year-on-year increase of 15.93%[4] - The net profit attributable to the parent company was a loss of RMB 13,891.85 million, a reduction in loss by 30.26% compared to the previous year[7] - Basic earnings per share improved to RMB -0.2812, reflecting a significant reduction in net loss compared to RMB -0.4038 in the previous year[4] - The weighted average return on net assets increased by 3.02 percentage points to -14.48%[4] Assets and Equity - Total assets at the end of the reporting period amounted to RMB 362,790.95 million, an increase of 21.28% year-on-year[7] - The company experienced a decrease in total equity attributable to the parent company, which was RMB 92,931.65 million, down 9.32% from the previous year[7] Market and Revenue Growth - The company has increased its market share in smart home gateway products and has delivered more smart energy photovoltaic projects, contributing to revenue growth[8] Research and Development - R&D investment has been intensified in areas such as HarmonyOS ecosystem, robotics, and information security, despite an increase in R&D expenses[8] Cost Management - The company has implemented cost reduction and efficiency enhancement measures, resulting in a decrease in overall period expenses[8] Competitive Challenges - The company continues to face challenges in a competitive market, particularly in the domestic operator bidding market, which has affected overall gross margins[8]