Financial Performance - The company's revenue for the year ended December 31, 2024, was RMB 56,471,731.84, representing an increase of 32.37% compared to RMB 42,661,494.19 in 2023[4]. - The loss attributable to the owners of the company for the year was RMB 2,688,988.48, an improvement from a loss of approximately RMB 6,989,010.94 in 2023[4]. - Total operating revenue for 2024 reached RMB 56,471,731.84, an increase of 32.3% compared to RMB 42,661,494.19 in 2023[16]. - The company reported a net loss of RMB 2,525,533.20 for 2024, compared to a net loss of RMB 1,905,000.00 in 2023[16]. - The total profit for 2024 was a loss of RMB 2,669,975.00, compared to a loss of RMB 6,995,713.22 in 2023, indicating a decrease of about 61.7%[19]. - The company's basic and diluted earnings per share for 2024 were both RMB -0.0056, improving from RMB -0.0146 in 2023[19]. - The operating profit for 2024 was a loss of RMB 2,506,520.13, compared to a loss of RMB 7,310,834.77 in 2023, reflecting a 65.7% improvement[21]. - The total comprehensive income for 2024 was a loss of RMB 2,780,434.06, an improvement from a loss of RMB 6,881,265.27 in 2023, indicating a reduction of about 59.7%[19]. Assets and Liabilities - Current assets totaled RMB 40,388,563.32 as of December 31, 2024, compared to RMB 24,826,693.21 in 2023, indicating significant growth[5]. - Total liabilities increased to RMB 36,877,553.02 in 2024 from RMB 20,631,392.49 in 2023, indicating a rise in financial obligations[11]. - The company's total assets reached RMB 52,865,025.92 as of December 31, 2024, compared to RMB 39,399,299.45 in 2023, showing overall growth in asset base[11]. - Shareholders' equity decreased to RMB 15,949,593.47 in 2024 from RMB 18,475,127.08 in 2023, a decline of 8.2%[14]. - The asset-liability ratio (liabilities/total assets) was approximately 69.76% as of December 31, 2024, compared to 52.36% in the previous year[200]. Cash Flow and Liquidity - The cash and cash equivalents increased to RMB 22,113,514.78 in 2024 from RMB 17,869,475.62 in 2023, indicating improved liquidity[5]. - Operating cash flow for 2024 reached RMB 4,393,118.31, a significant improvement from a negative cash flow of RMB -5,025,955.76 in 2023, indicating a turnaround in operational efficiency[25]. - Total cash inflow from operating activities was RMB 66,869,380.26, up 27.6% from RMB 52,407,360.06 in 2023[25]. - Cash and cash equivalents at the end of 2024 totaled RMB 22,060,833.70, an increase from RMB 17,637,191.04 at the end of 2023, marking a 25.9% growth[26]. - The cash flow from operating activities showed a positive trend, with a net cash flow of RMB 4,654,411.10 in 2024 compared to a negative RMB -4,637,136.85 in 2023[27]. Revenue Sources - The main business revenue from commercial solutions and application software accounted for 60.63% of total revenue, amounting to RMB 34,239,827.06, with a year-on-year increase of RMB 12,602,246.15 or 58.24%[195]. - Revenue from commercial application solutions and software surged to approximately 34.24 million in 2024, up from 21.64 million in 2023, marking an increase of around 58.4%[165]. - Revenue from installation and maintenance of network and data security products increased by RMB 2,157,578.11 to RMB 20,253,165.28, a growth of 11.92%[196]. - Revenue from the sale of electrical products and accessories decreased by RMB 124,093.67 to RMB 1,242,246.63, a decline of 9.08%[198]. Research and Development - Research and development expenses for 2024 were RMB 4,386,619.89, slightly down from RMB 4,827,757.25 in 2023, a decrease of 9.1%[16]. - The company’s research and development expenses were reported at 4,386,619.89 in 2024, slightly down from 4,827,757.25 in 2023, reflecting a decrease of about 9.1%[178]. Accounting Policies and Compliance - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position accurately[42]. - The company follows specific accounting policies for recognizing and measuring accounts receivable, inventory, fixed assets, and intangible assets[41]. - The company uses Renminbi as the accounting currency for its domestic subsidiaries, while foreign subsidiaries use the local currency[45]. - The company follows the principle of materiality in preparing and disclosing financial statements, with specific thresholds for significant items such as bad debt provisions and long-term equity investments[47]. Market Position and Future Plans - The company plans to expand its market presence and invest in new technologies to drive future growth[16]. - The company is preparing for the 2024 fiscal year with ongoing assessments of its financial strategies and market positioning[34]. Employee and Operational Costs - The company’s total employee costs decreased to 19,682,880.92 in 2024 from 21,202,876.55 in 2023, a reduction of about 7.2%[178]. - Cash outflow for purchasing goods and services increased to RMB 39,029,691.79, compared to RMB 31,921,555.92 in the previous year, reflecting a 22.2% rise in operational costs[25].
交大慧谷(08205) - 2024 - 年度业绩