Revenue and Profitability - Revenue increased from approximately RMB 374,277,000 to RMB 392,249,000, representing a growth of about 4%[3] - The group's total revenue for the fiscal year 2024 was RMB 392,249 thousand, an increase from RMB 374,277 thousand in 2023, representing a growth of approximately 4.2%[25] - Revenue from the sale of electronic products, including power DC systems and charging equipment, amounted to RMB 369,057 thousand, up from RMB 354,682 thousand in the previous year, indicating a growth of about 4.0%[32] - The revenue from electric vehicle charging services decreased to RMB 22,998 thousand from RMB 26,517 thousand, reflecting a decline of approximately 13.2%[25] - The group reported a pre-tax loss of RMB 51,935 thousand for the fiscal year, compared to a loss in the previous year, indicating ongoing challenges in profitability[32] - The company reported a pre-tax loss of RMB 51,066,000 for the year ended December 31, 2023[34] - The company reported a loss attributable to shareholders of approximately RMB 45,383,000, compared to a loss of approximately RMB 43,979,000 in the previous year[48] Financial Position - Current assets decreased from RMB 853,739,000 to RMB 798,874,000, a reduction of approximately 6.4%[8] - Total liabilities decreased from RMB 460,210,000 to RMB 451,686,000, a decline of approximately 1.1%[10] - The company's net assets decreased from RMB 618,637,000 to RMB 569,011,000, a reduction of about 8%[10] - The company's total liabilities decreased to RMB 155,765,000 in 2024 from RMB 215,509,000 in 2023, indicating improved financial management[46] - As of December 31, 2024, the total equity of the group reached approximately RMB 569,011,000, a decrease from RMB 618,637,000 as of December 31, 2023[114] - The group's current assets were approximately RMB 798,874,000, down from RMB 853,739,000 as of December 31, 2023, while current liabilities were approximately RMB 386,403,000, slightly reduced from RMB 394,858,000[114] Expenses and Costs - Sales costs rose from RMB 266,475,000 for the year ended December 31, 2023, to RMB 289,729,000 for the year ending December 31, 2024, an increase of approximately 8.73%[81] - Gross profit decreased from RMB 107,802,000 for the year ended December 31, 2023, to RMB 102,520,000 for the year ending December 31, 2024, a decline of about 4.90%[83] - The gross profit margin fell from approximately 28.80% for the year ended December 31, 2023, to about 26.14% for the year ending December 31, 2024, primarily due to intensified market competition and product pricing adjustments[83] - Other income decreased from RMB 15,802,000 for the year ended December 31, 2023, to RMB 4,292,000 for the year ending December 31, 2024, mainly due to a reduction in government subsidies[84] - Financial costs decreased slightly to RMB 8,598,000 in 2024 from RMB 8,815,000 in 2023[37] - Administrative and other expenses rose by approximately 10.75% from RMB 80,016,000 to RMB 88,621,000, representing about 22.59% of revenue, an increase from 21.38%[87] Trade Receivables and Inventory - Trade receivables increased from RMB 306,613,000 to RMB 380,413,000, reflecting a growth of about 24%[8] - The company's trade receivables increased to RMB 483,878,000 in 2024 from RMB 394,773,000 in 2023, reflecting a growth of approximately 22.6%[42] - The impairment loss provision for trade receivables rose to RMB 103,465,000 in 2024 from RMB 88,160,000 in 2023[42] - Inventory decreased from approximately RMB 192,099,000 to RMB 143,082,000, with average inventory turnover days improving from about 253 days to 211 days[97] Strategic Initiatives and Market Position - The company aims to enhance market share by increasing marketing efforts and introducing more competitively priced marketing policies, which has led to a decrease in gross margin[59] - The company successfully secured multiple electric vehicle charging equipment projects across various provinces, including Hubei, Guangdong, and Beijing[62] - The company is advancing its 720kW liquid-cooled ultra-fast charging products, which can operate stably under extreme conditions, significantly reducing charging time[63] - The company plans to enhance its production and sales systems, optimizing manufacturing processes in its factories in Zhuhai and Tangshan, and accelerating the digital transformation of production[73] - The group plans to enhance market penetration and expand overall market share by investing in heavy-duty truck charging and swapping projects[74] - The group intends to strengthen the operation management of charging stations to assist operators in upgrading their infrastructure[76] Dividends and Shareholder Returns - The board of directors does not recommend the payment of any final dividend for the year ended December 31, 2024[3] - The company did not declare any dividends for the year ended December 31, 2024, consistent with the previous year[40] - The group does not recommend any final dividend for the year ending December 31, 2024[134] Employee and Operational Metrics - As of December 31, 2024, the group employed 441 employees, with total employee compensation amounting to approximately RMB 66,920,000, an increase from RMB 61,230,000 in 2023[126] - The average credit period for purchases remained at 90 days for both 2023 and 2024[47] Compliance and Governance - The audit committee has reviewed the group's annual performance for the year ending December 31, 2024, and confirmed compliance with applicable corporate governance codes[142] - There have been no significant events occurring after December 31, 2024, aside from those disclosed in the announcement[143]
泰坦能源技术(02188) - 2024 - 年度业绩