Financial Performance - Revenue for the year ended December 31, 2024, was RMB 221,883,000, an increase of 26.3% compared to RMB 175,703,000 in 2023[2] - Gross profit for 2024 was RMB 151,795,000, reflecting a 21.9% increase from RMB 124,564,000 in 2023[2] - Profit before tax increased by 12.2% to RMB 56,968,000 in 2024, up from RMB 50,755,000 in 2023[2] - Net profit attributable to owners of the company was RMB 53,666,000, a decrease of 3.3% from RMB 55,479,000 in 2023[2] - Basic and diluted earnings per share were RMB 0.55 and RMB 0.54 respectively, down from RMB 0.56 in 2023[2] - Total revenue for the year ended December 31, 2024, was RMB 221,883 thousand, representing an increase of 26.3% from RMB 175,703 thousand in 2023[19] - Revenue recognized at a point in time was RMB 220,719 thousand, up 26.6% from RMB 174,357 thousand in 2023[19] - The net profit for fiscal year 2024 was approximately RMB 55.1 million, reflecting a growth of 3.1% from the previous year[42] - Adjusted profit for the fiscal year 2024 is RMB 56,766,000, an increase from RMB 54,975,000 in 2023, representing a growth of approximately 3.2%[73] Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 667,960,000, compared to RMB 600,814,000 in 2023[4] - Cash and cash equivalents increased to RMB 208,325,000 in 2024 from RMB 118,431,000 in 2023[4] - Total equity rose to RMB 557,708,000 in 2024, up from RMB 501,412,000 in 2023[5] - The total trade receivables and notes receivable as of December 31, 2024, were RMB 191,297 thousand, an increase from RMB 165,695 thousand in 2023[34] - The company's trade receivables and notes increased from RMB 165.7 million in 2023 to RMB 191.3 million in 2024, primarily due to increased revenue, with a turnover period of 293.6 days in 2024 compared to 317.5 days in 2023[77] - The company's current assets increased from RMB 449.3 million in 2023 to RMB 495.7 million in 2024, driven by increases in cash, cash equivalents, contract fulfillment costs, and trade receivables[79] - The company's intangible assets grew from RMB 31.7 million in 2023 to RMB 52.3 million in 2024, primarily due to new acquisitions of intangible assets[75] - The company's trade payables decreased to RMB 5,136 thousand in 2024 from RMB 7,162 thousand in 2023[36] Research and Development - Research and development expenses increased to RMB 85,871,000 in 2024 from RMB 71,331,000 in 2023[3] - Research and development expenses increased from RMB 71.3 million in the fiscal year 2023 to RMB 85.9 million in the fiscal year 2024, an increase of approximately 20.4%[66] - Continuous investment in R&D has driven technological innovation and product upgrades, providing advanced ICV testing and evaluation solutions[45] - The company is focused on the development of intelligent connected vehicles (ICV) simulation testing technology, with plans to expand its application to other industries[39] Revenue Streams - Revenue from ICV simulation testing software and platform reached RMB 133,793 thousand, up 33.2% from RMB 100,492 thousand in the previous year[19] - ICV testing and related services revenue was RMB 37,941 thousand, slightly down from RMB 38,970 thousand in the previous year[19] - Consulting and other services revenue surged to RMB 29,528 thousand in 2024, compared to RMB 16,320 thousand in 2023, marking an increase of 80.9%[19] - Revenue from ICV data platform and other products was approximately RMB 20.6 million, reflecting a 3.5% growth compared to the fiscal year 2023[46] Expenses and Costs - The cost of procurement increased significantly to RMB 65,207 thousand in 2024 from RMB 24,277 thousand in 2023, indicating a rise of approximately 168%[23] - The cost of sales rose from RMB 51.1 million in the fiscal year 2023 to RMB 70.1 million in the fiscal year 2024, an increase of about 37.1%[60] - The depreciation of equipment rose to RMB 30,369 thousand in 2024 from RMB 20,809 thousand in 2023, marking an increase of approximately 46%[23] - The company’s employee costs for fiscal year 2024 were approximately RMB 71.2 million, compared to approximately RMB 72.3 million in fiscal year 2023[94] Corporate Governance and Compliance - The company has adopted strict corporate governance standards and has been compliant with all applicable rules since its listing date[98] - The audit committee has reviewed the consolidated financial statements for the fiscal year ending December 31, 2024, and confirmed compliance with relevant accounting standards[105] - The external auditor, PwC, has confirmed that the preliminary performance announcement aligns with the audited financial statements for the fiscal year ending December 31, 2024[106] Future Plans and Strategy - The company aims to enhance product and service quality to meet changing market demands and customer needs, laying a solid foundation for business growth[41] - The company plans to enhance its existing solutions and invest in R&D to strengthen its core competitiveness in products and services[54] - The company aims to expand its market share in China and further explore overseas markets[54] - The group plans to expand the application of simulation technology in various industries, including drone-related solutions and smart agriculture[58] Dividends and Shareholder Information - The company has not declared or paid any dividends for the fiscal year 2024, consistent with 2023[37] - The annual general meeting is scheduled for June 17, 2025[102] - The annual report will be distributed to shareholders and published on the company's website and the stock exchange's website[107]
北京赛目科技股份有限公司(02571) - 2024 - 年度业绩