深信服(300454) - 2024 Q4 - 年度财报

Dividend and Financial Performance - The company plans to distribute a cash dividend of 0.63 CNY per 10 shares (including tax) to all shareholders, with no stock dividends or capital reserve transfers planned for this year[4]. - The company reported a significant increase in revenue, achieving a year-over-year growth of 25% in Q4 2023[15]. - The company provided guidance for Q1 2024, expecting revenue to be between 1.2 billion and 1.5 billion RMB, representing a growth of 15% to 20%[16]. - The company's operating revenue for 2024 was CNY 7,519,756,366.23, a decrease of 1.86% compared to CNY 7,662,166,391.60 in 2023[21]. - The net profit attributable to shareholders for 2024 was CNY 196,868,907.52, down 0.49% from CNY 197,830,227.92 in 2023[21]. - The net profit after deducting non-recurring gains and losses was CNY 76,815,687.82, a decline of 30.45% from CNY 110,444,469.04 in 2023[21]. - The net cash flow from operating activities for 2024 was CNY 811,937,577.05, a decrease of 14.23% compared to CNY 946,610,462.42 in 2023[21]. - The total assets at the end of 2024 were CNY 15,222,417,503.15, an increase of 1.29% from CNY 15,028,908,327.14 at the end of 2023[21]. - The net assets attributable to shareholders at the end of 2024 were CNY 9,168,095,503.84, up 4.12% from CNY 8,805,254,642.95 at the end of 2023[21]. - The basic earnings per share for 2024 remained unchanged at CNY 0.47, consistent with 2023[21]. Market Expansion and Product Development - The company is focused on expanding its market presence and enhancing its product offerings in the cybersecurity and cloud computing sectors[4]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[16]. - New product launches included an advanced endpoint security system, which is expected to enhance market competitiveness[15]. - The management has indicated that the company will continue to invest in new technologies and product development to stay competitive in the market[4]. - The company plans to implement a new marketing strategy aimed at increasing brand awareness by 25% in the next fiscal year[15]. - The company plans to continue its market expansion and product development strategies in the upcoming fiscal year[21]. Risk Management and Challenges - The board of directors has acknowledged the risks associated with weak market demand, increased competition in cybersecurity and cloud computing, and rising hardware procurement costs due to upstream price increases[4]. - The company emphasizes the importance of maintaining a risk-aware approach regarding future plans and performance forecasts, highlighting the potential discrepancies between plans, forecasts, and commitments[4]. - The management has outlined potential risks in the "Management Discussion and Analysis" section, including risks related to new business investments deviating from user needs and the potential for core technology leaks[4]. - The company anticipates that the cybersecurity market will face short-term growth challenges due to cautious IT spending from clients amid economic slowdown[38]. - The company faces risks from weak market demand and potential declines in operating performance due to cautious IT investments from upstream clients[181]. - The company is facing risks from rising hardware procurement costs due to price increases in upstream components, which may affect timely delivery of products[187]. Research and Development - Research and development investment increased by 40%, focusing on artificial intelligence and machine learning technologies[16]. - The company maintains a high R&D investment, with over 25% of revenue allocated to R&D expenses in the past five years, resulting in 1,573 authorized patents, including over 1,400 invention patents[82]. - The company launched the AI computing platform (AICP) aimed at facilitating the development and deployment of large AI models, enhancing user capabilities in AI applications[63]. - The company launched the self-developed security large model "Security GPT" in 2023, followed by upgraded versions "Security GPT 3.0" and "4.0" in 2024, enhancing phishing attack detection and data security protection capabilities[84]. - The company aims to enhance product quality and competitiveness while focusing on R&D innovation to adapt to changing user demands[176]. - The company is closely monitoring trends in network security, cloud computing, and AI to accelerate the iteration of new technologies and products[176]. Financial and Operational Metrics - The company reported a gross margin of 60%, indicating strong operational efficiency[15]. - Customer satisfaction ratings improved to 85%, reflecting the effectiveness of recent service enhancements[16]. - The overall gross margin for the company was 61.47%, down 3.66 percentage points compared to 2023, primarily due to increased competition and changes in business structure[96]. - The company's cloud computing and IT infrastructure revenue reached 3.384 billion yuan, a year-on-year increase of 9.51%, accounting for 45.00% of total revenue[94]. - The company's network security business revenue was 3.63 billion yuan, a year-on-year decrease of 6.75%, accounting for 48.27% of total revenue[93]. - The company’s strategic business areas, including XDR and Managed Security Services (MSS), are growing rapidly, with MSS maintaining the top position in the remote managed security service market for seven consecutive years[93]. Compliance and Governance - The company has established a market value management system and valuation enhancement plan, approved by the board in March 2025[192]. - The company held three shareholder meetings during the reporting period, ensuring equal rights for all shareholders[196]. - The board of directors consists of six members, including three independent directors, and held 13 meetings during the reporting period[198]. - The supervisory board, comprising three members, held 11 meetings, ensuring compliance with legal and regulatory requirements[199]. - The management team effectively executes decisions from the shareholder and board meetings, ensuring normal business operations[200].