Yuanjie Semiconductor Technology (SH:688498)2025-02-27 10:40Financial Performance - Total revenue for 2024 reached RMB 252.17 million, a year-on-year increase of 74.63%[3] - Operating profit was RMB -14.94 million, a decline of 182.33% compared to the previous year[3] - Net profit attributable to shareholders was RMB -6.13 million, down 131.49% year-on-year[3] - Basic earnings per share decreased by 125.93% to RMB -0.07[3] Assets and Investments - Total assets at the end of the reporting period were RMB 2,147.54 million, a decrease of 3.99% from the beginning of the period[4] - The company increased R&D investment significantly, focusing on CW silicon photonic sources and EML technologies[6] Product Development - The company successfully expanded its CW silicon photonic source product line and achieved mass production sales in the second half of 2024[6] Market Challenges - The decline in gross margin was attributed to increased competition in the telecom market and a shift in revenue structure[8] - Government subsidies decreased significantly compared to the previous year, impacting overall profitability[9] - The company has made provisions for asset impairment based on cautious accounting principles[9]