GOWORLD(SZ:000823)2025-03-19 10:25Financial Performance - The company's operating revenue for 2024 was CNY 5,756,419,529.04, representing a 5.48% increase compared to CNY 5,457,355,570.10 in 2023[17]. - The net profit attributable to shareholders for 2024 was CNY 215,768,796.23, which is a 10.09% increase from CNY 195,990,910.99 in 2023[17]. - The net profit after deducting non-recurring gains and losses was CNY 201,303,353.21, up by 5.43% from CNY 190,934,156.07 in the previous year[17]. - The basic earnings per share for 2024 was CNY 0.4018, reflecting a 10.08% increase from CNY 0.3650 in 2023[17]. - The total assets at the end of 2024 were CNY 8,416,726,309.87, a slight decrease of 0.35% from CNY 8,446,040,819.87 at the end of 2023[17]. - The net assets attributable to shareholders increased by 3.57% to CNY 4,776,134,224.87 from CNY 4,611,426,517.45 in 2023[17]. - The cash flow from operating activities for 2024 was CNY 465,866,005.37, down by 29.98% compared to CNY 665,306,775.26 in 2023[17]. - The company reported a total income of 14,465,443.02 in 2024, a significant increase from 5,056,754.92 in 2023, representing a growth of approximately 186.5%[25]. - The company achieved a total operating revenue of CNY 5,756,419,529.04 in 2024, representing a year-on-year increase of 5.48% due to rising external demand and increased orders[42]. - The net profit attributable to the parent company for 2024 was CNY 21,576.88 million, reflecting a year-on-year growth of 10.09%[41]. Research and Development - The company has accumulated 621 patent authorizations, including 171 invention patents, showcasing its strong commitment to technological innovation[36]. - Research and development expenses increased by 5.30% to CNY 27,517.23 million, driven by changes in R&D projects[43]. - The company completed 135 R&D projects during the reporting period, with 64 projects entering production and 20 achieving key technological breakthroughs[37]. - The company is actively pursuing 135 technology research and development projects in 2024, resulting in 42 patent authorizations[98]. - The company has completed the research and development of high AR value through-hole and blind-hole electroplating technology, enhancing the technical level of high-end HDI products and improving order capacity[58]. - The company has developed a new product for the streaming rearview mirror liquid crystal display module, enhancing optical performance and market competitiveness[58]. - The company has achieved the development of low insertion loss halogen-free high-speed substrate copper clad laminates, enhancing the competitiveness of the substrate business[59]. - The company has completed the development of high-temperature resistant VA liquid crystal display products, further enhancing the high-temperature durability of VA liquid crystal products[59]. Market Position and Strategy - The PCB industry, where the company operates, accounts for over 50% of the global market share, with China being the largest PCB production base[28]. - The company has established itself as a key player in the ultrasonic testing industry, which is expected to maintain a continuous growth trend due to increasing quality and safety requirements[29]. - The company’s revenue ranking in the PCB industry has improved, with its subsidiaries listed among the top enterprises in the sector[30]. - The company is focusing on technological innovation in PCB products, particularly in optical modules and communication fields, to enhance its competitive edge[86]. - The company is actively exploring high-reliability market segments such as automotive electronics and smart home applications to capture market potential[88]. - The company is committed to becoming a leading international and domestic electronic information product manufacturer known for advanced technology and quality[96]. - The company is planning to expand its market presence and enhance product offerings in the upcoming fiscal year[196]. Operational Efficiency - The company employs a "sales-driven production" model, tailoring marketing strategies to meet diverse customer needs[33]. - The company has established a comprehensive customer service system, enhancing its market responsiveness and customer satisfaction[40]. - The company is advancing smart manufacturing and factory automation to improve production efficiency and reduce costs[85]. - The company has made progress in the research of TN valve and glass cover full lamination technology, aiming to improve the technical performance of display products[58]. - The company has achieved a gross margin of 35%, an improvement from 30% in the previous year[121]. - Operating expenses have been reduced by 5% through cost optimization measures, contributing to overall profitability[121]. Governance and Compliance - The company has strengthened internal control management and improved corporate governance standards[107]. - The company has established independent departments for human resources, strategic development, and financial management, ensuring operational independence[108]. - The company has conducted regular audits and has independent accounts in banks, ensuring financial transparency[108]. - The company maintains a governance structure that ensures compliance with laws and regulations, promoting transparency and protecting shareholder rights[162]. - The company actively engages with investors through various communication channels, ensuring timely and accurate information disclosure[162]. - The company has not reported any significant changes in accounting policies or risk management related to derivative investments compared to the previous reporting period[77]. Environmental Responsibility - The company has implemented measures to address any encountered issues during the integration of subsidiaries, although specific details were not provided[148]. - The company has invested CNY 17.564 million in environmental protection during the reporting period and paid CNY 33,600 in environmental protection tax[161]. - The company achieved a 100% compliance rate for all pollutant emissions, meeting the requirements of environmental assessments and total control standards[159]. - The company has established a comprehensive waste management system, ensuring that general and hazardous waste are handled by qualified recycling and disposal units[160]. - The company has developed an emergency response plan for environmental incidents, which has been filed with local ecological and environmental authorities[160]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[162]. Future Outlook - The company projects a revenue growth of 10% for the next fiscal year, targeting 1.32 billion RMB[121]. - The company aims to capture new market opportunities in electric vehicles and AI servers while optimizing its product structure[97]. - The company has outlined specific performance guidance for the next fiscal year, aiming for a revenue increase of approximately 10%[196]. - The company is focusing on new product development and technological advancements to stay competitive in the market[196]. - The company is planning market expansion into Southeast Asia, targeting a 20% increase in market share by 2025[197].