Financial Performance - Revenue increased by approximately 11.7% to approximately RMB 2,520.0 million[2] - Gross profit increased by approximately 7.5% to approximately RMB 467.3 million[2] - Net profit attributable to equity shareholders decreased by approximately 39.5% to approximately RMB 42.2 million[2] - Basic earnings per share decreased to RMB 0.097 from RMB 0.180[3] - Operating profit decreased to RMB 140.2 million from RMB 156.5 million[3] - Total revenue for the year ended December 31, 2024, reached RMB 2,519,987 thousand, an increase of 11.7% from RMB 2,255,903 thousand in 2023[25] - The company reported a total of RMB 36,048 thousand in other operating income for 2024, up from RMB 31,607 thousand in 2023, indicating an increase of 14.5%[26] - Profit before tax decreased by approximately RMB 36.8 million or 29.3% to about RMB 88.7 million in FY2024[66] - Income tax expenses decreased by approximately RMB 6.0 million or 28.0% to about RMB 15.4 million in FY2024, attributed to the reduction in profit before tax[67] - Profit attributable to equity shareholders decreased by approximately RMB 27.5 million or 39.5% to about RMB 42.2 million in FY2024[68] Assets and Liabilities - Total assets decreased to RMB 3,436.5 million from RMB 3,598.9 million[6] - The total amount of specified non-current assets in China was RMB 1,473,739 thousand as of December 31, 2024, down from RMB 1,552,399 thousand in 2023[23] - The total liabilities increased to approximately RMB 2,319,095,000 in 2024 from RMB 1,509,198,000 in 2023, resulting in a debt-to-asset ratio of 50% compared to 36% in the previous year[83] - The company's bank loans totaled RMB 1,498.019 million as of December 31, 2024, compared to RMB 1,012.909 million in 2023, reflecting an increase of approximately 48.0%[47] Segment Performance - The group operates in three reportable segments: Integrated Circuits and Digital Technology, New Energy and Services, and Wireless Communication[19] - The Integrated Circuits and Digital Technology segment focuses on chip R&D, design, sales, and supply chain services, as well as semiconductor IP licensing[19] - The New Energy and Services segment emphasizes electricity supply, particularly solar energy production and sales, along with thermal power generation technology consulting[19] - The Wireless Communication segment provides signal transmission products and services to global mobile communication operators and equipment manufacturers[19] - The revenue from the wireless communication segment was RMB 2,095,671 thousand in 2024, up from RMB 1,976,168 thousand in 2023, representing a growth of 6.0%[25] - The Integrated Circuit and Digital Technology segment generated revenue of approximately RMB 238.3 million in FY2024, an increase of about RMB 35.6 million or 17.6% compared to FY2023[54] - The New Energy and Services segment recorded revenue of approximately RMB 144.2 million from solar sales, with a 50MW power station generating 4,915 hours of electricity, a year-on-year decrease of about 5.7%[55] - The Wireless Communication segment's revenue increased slightly by RMB 119.5 million or 6.0% due to enhanced market development efforts and competitive pricing strategies[56] Research and Development - Research and development expenses increased to RMB 148,317 thousand in 2024 from RMB 114,650 thousand in 2023, reflecting a growth of 29.3%[28] - The company plans to increase R&D investment in integrated circuit design and advanced manufacturing processes to enhance competitiveness and expand overseas markets[85] - The company aims to enhance gross margins through increased investment in new product development and technology applications, as well as improving operational efficiency[59] Dividends and Shareholder Information - The company does not recommend the payment of a final dividend for the fiscal year ending December 31, 2024[2] - The group has no proposed final dividend for the fiscal year ending December 31, 2024[34] - The company has not proposed any final dividends for the fiscal year 2024 or for the fiscal year 2023[159] - The company reported that major shareholders hold approximately 23.38% of the issued share capital, with significant stakes held by Jin Yong and Mr. Cui Wei[95] Acquisitions and Investments - The group completed the acquisition of Zhejiang Zhongguang New Energy Technology Co., Ltd. during the fiscal year ending December 31, 2023[17] - The acquisition of Nanjing Zhangyu Information Technology Co., Ltd. and Shanghai Zhangyu Information Technology Co., Ltd. contributed approximately RMB 238.3 million in revenue for the fiscal year 2024, representing a year-on-year increase of RMB 35.6 million or 17.6%[52] - The acquisition of Shanghai Zhangyu was completed on July 17, 2024, resulting in the company indirectly owning 100% of Shanghai Zhangyu[118] - The total consideration for the acquisition of the remaining 49% equity in Nanjing Zhangyu and Shanghai Zhangyu was RMB 522 million[132] Financial Management and Governance - The group has adopted several new International Financial Reporting Standards (IFRS) amendments, which did not have a significant impact on the financial statements for the current and prior years[11] - The group has not early adopted any new IFRS standards that have been issued but are not yet effective, anticipating no significant impact on the consolidated financial statements[12] - The company confirmed compliance with all corporate governance codes as of December 31, 2024[154] - The company appointed new auditors, with the term effective from November 25, 2024, to the conclusion of the next annual general meeting[151] Market Outlook and Strategy - The semiconductor market is projected to reach USD 697 billion in 2025, with a growth rate of 11.2%, driven by advancements in AI, 5G, and IoT technologies[85] - The global photovoltaic installed capacity is expected to reach 531-583 GW in 2025, with China contributing 215-255 GW, reflecting strong domestic market demand[86] - The company aims to deepen its focus on solar thermal power, enhancing key technologies and exploring integration with energy storage solutions[87] - The company aims to enhance its international operations and brand globalization, transitioning from an "export" model to a localized "going out" strategy[89] Employee and Management Information - As of December 31, 2024, the group had a total of 902 employees, a decrease from 1,095 employees as of December 31, 2023[103] - The total compensation for key management personnel increased to RMB 10.867 million in 2024 from RMB 9.105 million in 2023, representing an increase of approximately 19.3%[49] Risks and Compliance - The company faces various market risks, including global economic conditions and commodity price fluctuations[98][99] - The company has no significant contingent liabilities as of December 31, 2024[102] - The company has no significant litigation or arbitration matters as of December 31, 2024[104]
亨鑫科技(01085) - 2024 - 年度业绩