舜宇光学科技(02382) - 2024 - 年度业绩

Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue was approximately RMB 38,294,500,000, an increase of about 20.9% compared to the previous year[3]. - The gross profit for the same period was approximately RMB 7,006,000,000, representing a growth of approximately 52.6%, with a gross margin of 18.3%, up by 3.8 percentage points year-on-year[3]. - The profit attributable to shareholders for the year was approximately RMB 2,699,200,000, reflecting a significant increase of approximately 145.5% compared to the previous year[3]. - The total comprehensive income for the year was RMB 2,708,666,000, compared to RMB 1,123,097,000 in the previous year[6]. - The company reported a basic earnings per share of RMB 248.16, up from RMB 100.72 in the previous year[6]. - The net profit for the year was approximately RMB 2,777,000,000, reflecting a significant increase of about 141.4%, with a net profit margin of approximately 7.3%[102]. Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.532 per share, equivalent to approximately RMB 0.493 per share for the fiscal year ending December 31, 2024[3]. - The company proposed a final dividend of HKD 53.20 per share for 2024, totaling approximately HKD 582,436,000, compared to HKD 21.90 per share in 2023, which totaled about HKD 240,194,000[41]. Research and Development - Research and development expenses for the year amounted to RMB 2,924,111,000, an increase from RMB 2,566,475,000 in the previous year[5]. - The R&D expenditure for the year was approximately RMB 2,924,100,000, an increase of about 13.9%, accounting for 7.6% of total revenue[99]. - The company recorded a tax impact of RMB (658,583) from R&D expenses, compared to RMB (588,900) in 2023, indicating an increase in R&D tax benefits[37]. Assets and Liabilities - The company's total assets as of December 31, 2024, were RMB 37,470,039,000, compared to RMB 35,143,960,000 in the previous year[8]. - The net asset value of the company increased to RMB 25,292,948,000 from RMB 22,881,630,000 year-on-year[9]. - The total liabilities increased to RMB 28,514,310 in 2024 from RMB 27,415,446 in 2023, representing a growth of about 4.0%[27]. - The group's total assets as of December 31, 2024, were approximately RMB 53,807,300,000, reflecting an increase of about 7.0% from the previous year[107]. Revenue Breakdown - The total revenue for optical and related parts sales reached RMB 11,708,044,000, an increase from RMB 9,555,109,000 in the previous year, representing a growth of approximately 22.5%[18]. - Revenue from optoelectronic products was RMB 26,156,832,000, up from RMB 21,599,398,000, indicating a growth of about 21.8% year-over-year[18]. - Revenue from mobile-related products increased to RMB 25,155,480, up 20.0% from RMB 20,934,678 in 2023[29]. - Revenue from the Chinese market was RMB 28,692,732, a significant increase of 33.8% compared to RMB 21,473,990 in 2023[30]. Inventory and Receivables - The inventory balance as of December 31, 2024, was RMB 5,870,112, up from RMB 5,136,941 in 2023, reflecting a growth of about 14.3%[27]. - Trade receivables amounted to RMB 8,003,841 as of December 31, 2024, compared to RMB 6,783,914 in the previous year, indicating a year-over-year increase of approximately 17.9%[27]. - The total amount of trade and other receivables and prepayments reached RMB 9,211,194,000 in 2024, up from RMB 7,854,787,000 in 2023, indicating an increase of about 17.3%[61]. Capital Expenditures - The company allocated RMB 2,226,278 for depreciation and amortization in 2024, compared to RMB 2,067,231 in 2023, indicating an increase of approximately 7.7%[28]. - The company reported an increase in capital expenditures for property, plant, and equipment to RMB 2,790,520 in 2024 from RMB 1,886,796 in 2023, representing a growth of approximately 47.8%[28]. - The group's capital expenditure for the year ended December 31, 2024, was approximately RMB 2,260,400,000, primarily for the acquisition of property, machinery, and equipment[113]. Employee Compensation - The total employee compensation, including salaries and bonuses, amounted to RMB 5,115,765 in 2024, compared to RMB 3,858,051 in 2023, representing a 32.5% increase[39]. - The company employed 33,884 full-time employees as of December 31, 2024, offering competitive compensation and benefits to attract and retain talent[137]. Compliance and Governance - The company has complied with all mandatory disclosure requirements of the corporate governance code as of December 31, 2024[142]. - The board of directors confirmed compliance with the required standards for securities trading by directors for the year ending December 31, 2024[143]. - The audit committee reviewed the audited annual results for the year ending December 31, 2024[145]. Market Position and Innovations - The shipment volume of automotive lenses increased by approximately 12.7% year-on-year to about 102,314,000 units, marking the first time it surpassed 100,000,000 units, maintaining the company's global market share leadership[81]. - The smartphone lens shipment volume grew by approximately 13.1% year-on-year to about 1,324,370,000 units, continuing to hold the number one market share globally[85]. - The company launched over ten new mass production projects related to LiDAR technology, significantly enhancing production efficiency and precision through innovative manufacturing techniques[83]. - The company maintained the global number one market share in XR visual modules, leveraging its advantages in miniaturization and cost-effectiveness[88]. Financial Instruments and Investments - The group maintained a portfolio of non-listed financial products with a total book value of approximately RMB 13,873,700,000 as of December 31, 2024, up from RMB 7,113,300,000 as of December 31, 2023[127]. - The investment cost of non-listed financial products was approximately RMB 13,668,900,000, compared to RMB 6,948,300,000 as of December 31, 2023[128]. - The company plans to diversify investments across different banks to reduce concentration risk and will closely monitor the performance of its investments[130].