FINGU(SZ:002194)2025-03-28 11:25Financial Performance - The company's operating revenue for 2024 was CNY 1,482,395,701.33, a decrease of 6.63% compared to CNY 1,587,617,679.71 in 2023[20] - The net profit attributable to shareholders for 2024 was CNY 53,247,279.48, down 36.72% from CNY 84,149,516.07 in 2023[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 39,909,717.59, a decline of 45.07% from CNY 72,650,347.98 in 2023[20] - The net cash flow from operating activities was CNY 8,313,088.87, a significant drop of 97.33% compared to CNY 311,396,535.02 in 2023[20] - Basic earnings per share for 2024 were CNY 0.0779, down 36.82% from CNY 0.1233 in 2023[20] - Total assets at the end of 2024 were CNY 3,074,863,520.38, a slight decrease of 0.12% from CNY 3,078,674,161.97 at the end of 2023[20] - The net assets attributable to shareholders at the end of 2024 were CNY 2,532,455,765.53, down 2.25% from CNY 2,590,789,798.45 at the end of 2023[20] Revenue Breakdown - Total revenue for the year reached approximately 1.48 billion yuan, with a quarterly breakdown of 303.2 million yuan in Q1, 388.7 million yuan in Q2, 376.8 million yuan in Q3, and 413.7 million yuan in Q4[25] - Domestic sales revenue decreased by CNY 5.53 million, a decline of 6.05%, while foreign sales revenue decreased by CNY 4.99 million, a decline of 7.41%[37] - The company's total revenue for the reporting period was CNY 1,482.40 million, a decrease of CNY 10.52 million or 6.63% year-on-year[37] Operating Costs and Expenses - The total operating costs for 2024 amounted to ¥1,112,627,262.50, a decrease from ¥1,213,997,925.96 in 2023, reflecting a year-on-year change of -8.36%[44] - Raw materials accounted for 36.60% of operating costs in 2024, down from 43.31% in 2023, indicating a decrease of 6.71% in proportion[44] - Direct labor costs increased to ¥141,192,399.61, representing 12.69% of operating costs, up from 9.89% in 2023, showing a year-on-year increase of 2.80%[44] Research and Development - Research and development expenses amounted to CNY 134.76 million, representing 9.09% of total revenue, an increase of CNY 1.32 million year-on-year[37] - The company reported a 10.16% increase in R&D personnel, rising from 433 in 2023 to 477 in 2024[54] - R&D investment amounted to approximately ¥134.76 million in 2024, a slight increase of 0.99% from ¥133.44 million in 2023[54] - The company plans to continue investing in R&D to enhance product competitiveness and respond to technological upgrades in the communication industry[81] Market and Industry Risks - The company faces industry cyclical risks, customer concentration risks, and market competition risks, among others[4] - The global RAN market is projected to decline by 5% to 8% in 2024, impacting capital expenditures from major domestic telecom operators, which are expected to decrease by approximately 5.4% year-on-year[29][30] - The company faces risks from customer concentration and market competition, which could impact sales stability and profitability if major customers experience adverse changes[80] Governance and Compliance - The company has revised its governance documents to enhance operational compliance and improve governance standards[87] - The board of directors consists of nine members, including three independent directors, ensuring compliance with legal and regulatory requirements[88] - The company maintains a commitment to transparency and fair information disclosure, ensuring all investors have equal access to company information[89] - The company has established an independent R&D, supply, production, and sales system, operating directly in the market without reliance on any shareholders or related parties[91] Environmental Management - The company has implemented environmental monitoring with monthly wastewater testing and quarterly air and noise monitoring[138] - Ezhou Fuyuan's wastewater discharge in 2024 is reported at 17.3 tons per year, with no exceedance of the standard[135] - The company has established various pollution control facilities, including wastewater treatment and air purification systems, which are operational in 2024[137] - The company invested CNY 6.447 million in environmental protection taxes during the reporting period[140] Shareholder Information - The total number of shares before the change was 683,285,806, with a breakdown of 174,210,295 restricted shares (25.50%) and 509,075,511 unrestricted shares (74.50%)[180] - The largest shareholder, Wang Lili, holds 27.87% of the shares, totaling 190,406,400 shares, with no changes during the reporting period[185] - The company has a total of 83,396 shareholders at the end of the reporting period, with no significant changes in the shareholder structure[185] - The company plans to distribute a cash dividend of RMB 0.7 per 10 shares (including tax), totaling RMB 47,830,006.42 for the current period[123]