碧兴物联(688671) - 2024 Q4 - 年度业绩

Financial Performance - The company reported total revenue of 32,961.85 million RMB, a decrease of 5.84% compared to the same period last year[2] - Operating profit was -4,873.77 million RMB, down 292.46% year-on-year, while total profit was -4,874.13 million RMB, a decline of 296.67%[5] - Net profit attributable to the parent company was -3,665.29 million RMB, a decrease of 256.82% compared to the previous year[5] - The company’s total assets at the end of the reporting period were 138,163.38 million RMB, down 5.26% from the beginning of the period[5] R&D and Innovation - The company increased its R&D expenses, which rose significantly year-on-year, reflecting a commitment to innovation[8] - Despite short-term performance challenges, the company made progress in developing new products and expanding into digital markets, achieving growth in order quantities across various sectors[10] - The company aims to leverage major economic policies for industrial upgrades and continue enhancing its market competitiveness through innovation[10] Market Conditions - The decline in performance was attributed to decreased overall demand in the digital ecosystem industry and increased project costs due to slowed project execution[6] - The company experienced a significant increase in credit impairment losses due to delayed sales collections, particularly from local government clients[7] Financial Reporting - Investors are advised to note that the financial data presented is preliminary and unaudited, with final results to be confirmed in the annual report[11]