Financial Performance - The group's revenue for the year ended December 31, 2024, was approximately RMB 2,509,200,000, representing an increase of about RMB 3,400,000 or approximately 0.1% compared to RMB 2,505,800,000 in 2023[2] - The net loss for the year was approximately RMB 7,900,000, a significant reduction of about RMB 14,600,000 or 64.9% from RMB 22,500,000 in 2023[3] - The gross profit margin decreased by approximately 0.9 percentage points to about 11.7% compared to 12.6% in 2023[5] - The expected credit loss impairment decreased to approximately RMB 125,600,000 for 2024 from RMB 165,600,000 in 2023[3] - The operating profit before expected credit loss impairment was approximately RMB 171,400,000 for 2024, down from RMB 194,600,000 in 2023[3] - The basic loss per share decreased to RMB 0.44 from RMB 1.26 in 2023[5] - The total revenue for the year ended December 31, 2024, was RMB 2,509,152,000, a slight increase from RMB 2,505,763,000 in 2023[18] - The company reported a net loss for the year of RMB 7,914,000 in 2024, compared to a net loss of RMB 22,547,000 in 2023, indicating an improvement in financial performance[19] Assets and Liabilities - The total assets less current liabilities amounted to approximately RMB 3,599,735,000 in 2024, compared to RMB 3,543,946,000 in 2023[7] - The group's non-current assets included property, plant, and equipment valued at RMB 140,915,000, down from RMB 154,741,000 in 2023[7] - The group's cash and cash equivalents were RMB 464,418,000 in 2024, compared to RMB 549,358,000 in 2023[7] - Trade receivables net amount for 2024 was RMB 4,103,198,000, slightly up from RMB 4,097,807,000 in 2023[32] - As of December 31, 2024, the company had trade payables amounting to RMB 146,669,000, an increase from RMB 113,760,000 in 2023[35] - As of December 31, 2024, the total bank borrowings amounted to approximately RMB 1,479,300,000, including RMB 1,089,500,000 in bank loans and RMB 394,000,000 in notes payable[78] - The capital-to-debt ratio decreased from approximately 27.4% as of December 31, 2023, to about 26.3% as of December 31, 2024, primarily due to a reduction in bank borrowings[80] Revenue Sources - Major customers included China Mobile, contributing RMB 1,335,404,000 in 2024, up from RMB 1,084,288,000 in 2023, representing a growth of approximately 23.1%[21] - The group's revenue from China Mobile, China Unicom, and China Telecom accounted for approximately 53.2%, 24.0%, and 13.3% of total revenue, respectively[52] - The revenue from the flame-retardant soft cable series increased by approximately 8.0% to about RMB 1,047,800,000, while the gross margin decreased by about 1.1 percentage points to approximately 9.7%[48] - The revenue from the feeder series decreased by approximately 7.1% to about RMB 1,115,011,000, with a gross margin of about 12.2%, down approximately 1.0 percentage point[47] - The revenue from optical fiber series and related products increased by approximately 5.2% to about RMB 212,300,000, with sales volume rising by approximately 1,505,000 core kilometers[49] Research and Development - The company has invested heavily in R&D to enhance competitiveness, focusing on telecom equipment sales[53] - The group holds 277 patents in China, including 113 invention patents and 164 utility model patents as of December 31, 2024[55] - Research and development costs increased to RMB 54,322,000 in 2024 from RMB 50,023,000 in 2023, reflecting a rise of about 8.5%[19] - The company developed a series of millimeter-wave new products in response to customer demand, including 37–42 GHz phase shifters and 24 GHz power amplifiers, which received broad recognition within the industry[40] - The group is focusing on the development of millimeter-wave technology to meet the increasing demands of new applications such as XR and industrial digitization[63] Market Position and Strategy - The group has established a leading position in the market with a strong track record, diverse product offerings, and high-quality after-sales service, particularly among China's three major telecom operators[52] - The group plans to leverage the growth opportunities presented by 5G by investing in innovative R&D and enhancing its technical reserves and product development in the 5G field[58] - The group plans to enhance its 5G-A business deployment in 39 key urban areas and over 300 other cities, strengthening the industrial ecosystem[61] - The company has been actively supplying 5G-related products to customers, capitalizing on the growth opportunities in the 5G industry[38] - The company is committed to customizing products for long-term partners in regions like Thailand and South Korea, enhancing its market presence[64] Governance and Compliance - The Audit Committee, consisting of independent non-executive directors, is responsible for overseeing the financial reporting process and internal controls[88] - The company has adopted the standard code of conduct for securities trading, confirming that all directors complied with the trading standards for the year ending December 31, 2024[91] - The consolidated financial statements for the year ending December 31, 2024, have been confirmed by Deloitte as compliant with the board's approval[92] - The company believes that having the same individual serve as both Chairman and CEO ensures consistent leadership and effective strategic planning[87] - The company emphasizes the balance of power and authority between the board and management to ensure effective decision-making[87]
俊知集团(01300) - 2024 - 年度业绩