Financial Performance - The company's operating revenue for the year ended December 31, 2024, was RMB 3,590,223,828.23, an increase from RMB 3,536,259,423.60 in 2023, representing a growth of approximately 1.5%[6] - The net profit attributable to shareholders for the year was RMB 572,595,101.31, down from RMB 719,494,375.58 in 2023, indicating a decrease of about 20.4%[6] - The company experienced a decrease in operating profit, which fell to RMB 558,939,418.86 in 2024 from RMB 751,417,053.81 in 2023, a decline of approximately 25.7%[6] - The company reported a total profit of CNY 558,893,537.63 for 2024, down from CNY 751,850,854.72 in 2023, indicating a decline of 25.7%[14] - The basic earnings per share for the year was RMB 0.70, down from RMB 0.88 in 2023, indicating a decline of about 20.5%[7] - The company achieved a revenue of approximately RMB 3.590 billion in 2024, a slight increase year-on-year[27] - Net profit attributable to shareholders was approximately RMB 573 million, a year-on-year decrease of 20.42%[27] Assets and Liabilities - The total assets of the company as of December 31, 2024, amounted to RMB 9,041,112,799.09, up from RMB 8,411,350,886.39 in 2023, marking an increase of about 7.5%[4] - The company's total liabilities increased to RMB 2,496,991,876.30 in 2024 from RMB 2,449,649,077.25 in 2023, representing a rise of approximately 1.9%[5] - The company's total equity increased to RMB 6,544,120,922.79 in 2024 from RMB 5,961,701,809.14 in 2023, reflecting a growth of about 9.8%[5] - Current assets reached RMB 6,480,978,592.52, up about 9.16% from RMB 5,937,283,670.86 in the previous year, with cash and cash equivalents increasing by approximately 8.39% to RMB 1,087,494,485.36[56] - As of December 31, 2024, the group's net assets amounted to RMB 6,544,120,922.79, representing an increase of approximately 9.77% compared to RMB 5,961,701,809.14 in 2023[56] Research and Development - Research and development expenses for the year were RMB 1,030,651,521.72, compared to RMB 1,010,597,572.06 in 2023, reflecting an increase of approximately 2.1%[6] - R&D investment for the year was approximately RMB 1.142 billion, a decrease of 4.03% year-on-year[35] - The group has 1,130 R&D personnel, maintaining stability in its workforce[35] - The group is advancing multiple projects, including the development of a new generation FPGA platform and a smart reconfigurable SoC platform[35] Revenue by Segment - The design segment generated CNY 3,457,956,337.56 in external revenue for 2024, up from CNY 3,350,877,320.55 in 2023, reflecting a growth of 3.2%[14] - The smart meter chip revenue increased significantly to CNY 396,694,720.15 in 2024, compared to CNY 273,770,814.68 in 2023, marking a growth of 45.8%[11] - The revenue from non-volatile memory reached CNY 1,135,832,442.81 in 2024, up from CNY 1,072,193,991.40 in 2023, reflecting a growth of 5.9%[11] - The security and identification product line achieved sales revenue of approximately RMB 791 million, with notable performance in wireless charging security modules[28] - Revenue from smart meter chips increased by 44.9% driven by recovering market demand and growth in shipments to white goods and automotive applications[52] Financial Management - The company plans to distribute a cash dividend of RMB 0.80 per share for 2024, totaling approximately RMB 65,714,184, which is 11.48% of the net profit attributable to shareholders[22] - The company plans to issue A-share convertible bonds to raise up to RMB 2 billion for various development projects, including next-generation FPGA platforms and new high-end security controllers[54] - The increase in financial expenses was primarily due to higher interest expenses on bank loans[51] - The capital management goal is to ensure the group's ongoing viability and maintain a healthy capital ratio, with a debt-to-equity ratio of approximately 27.62% as of December 31, 2024, down from 29.12% in 2023[60] Corporate Governance - The company confirmed compliance with the corporate governance code and all relevant guidelines for the year ending December 31, 2024[77] - The audit committee has reviewed the financial statements for the year ending December 31, 2024, ensuring compliance with applicable accounting standards and sufficient disclosure[79] - The company maintains a public float of no less than 25% of its total issued shares as of the announcement date[76] - No directors or supervisors had any significant interests in transactions that could impact the group's business during the year[72] Future Outlook - For the fiscal year 2025, the group aims to enhance its competitive advantages in technology, service, quality, and brand, while expanding production capacity and product application areas[64] - The group plans to continue investing in R&D to strengthen its technological advantages and actively monitor advanced technologies and products in international markets[64] - The group emphasizes deep market insights and aims to improve product market share through effective marketing strategies and customer relationship management[66]
上海复旦(01385) - 2024 - 年度业绩