峰岹科技(688279) - 2024 Q4 - 年度财报

Financial Performance - The net profit attributable to shareholders for 2024 is RMB 222,362,312.77, with a proposed cash dividend of RMB 7.8 per 10 shares, totaling approximately RMB 71,892,896.40, which represents 32.33% of the net profit[6]. - Fortior Technology reported a revenue of RMB 1.2 billion for the fiscal year 2024, representing a year-over-year growth of 15%[17]. - The company achieved operating revenue of CNY 600.32 million in 2024, a year-on-year increase of 45.94% compared to CNY 411.36 million in 2023[24]. - Net profit attributable to shareholders reached CNY 222.36 million, reflecting a 27.18% increase from CNY 174.85 million in the previous year[24]. - The net cash flow from operating activities increased by 65.91% to CNY 184.73 million, up from CNY 111.34 million in 2023[25]. - Basic earnings per share rose to CNY 2.41, a 27.51% increase compared to CNY 1.89 in 2023[26]. - The company's total assets grew by 6.24% to CNY 2.65 billion, compared to CNY 2.49 billion at the end of 2023[25]. - The company reported a significant increase in net profit after deducting non-recurring gains, which reached CNY 188.08 million, up 59.17% from CNY 118.16 million in 2023[25]. Research and Development - The company is investing RMB 200 million in R&D for new semiconductor technologies and products in 2024[17]. - Research and development expenses accounted for 19.44% of operating revenue, a decrease of 1.14 percentage points from the previous year[26]. - The company has increased its R&D investment to approximately ¥116.73 million, a 37.86% increase compared to the previous year, primarily due to enhanced team building and new equity incentive plans[60]. - The company has developed a dual-core architecture for its motor control chips, significantly improving integration and operational stability[56]. - The company has made advancements in sensorless FOC control algorithms, enhancing efficiency and reducing noise in motor control systems[55]. - The company is focusing on developing advanced algorithms for automotive applications, including a low-temperature startup algorithm for electric motors, which has been completed with an investment of $2.3 million[65]. Market Expansion and Strategy - Fortior Technology plans to enter the European market, aiming for a 10% market share within the next two years[17]. - The company is actively pursuing high-integration chip design technology to simplify external circuits and reduce costs for downstream applications[54]. - The company aims to achieve high reliability and performance in its automotive electronic products, with several projects in the R&D stage[64][65]. - The company is committed to expanding its overseas market presence, developing global sales channels, and forming partnerships to promote its products internationally[115]. - The company plans to issue H shares and apply for listing on the Hong Kong Stock Exchange to enhance global brand recognition and competitiveness[41]. Corporate Governance - The board of directors and supervisory board members have confirmed the authenticity and completeness of the annual report[3]. - The company emphasizes transparency in information disclosure and investor relations, enhancing investor confidence through various communication channels[123]. - All resolutions from the shareholder meetings were approved without any rejections, indicating strong governance practices[126]. - The company has established specialized committees within the board to improve management capabilities and ensure sound investment decisions[121]. - The governance structure is designed to ensure clear responsibilities and effective checks and balances among the board, management, and shareholders[120]. Risks and Challenges - The company has outlined risks in the report, which investors should pay attention to[3]. - The company faces risks related to R&D, intellectual property, and potential talent shortages, which could impact its competitive advantage and market position[72][73]. - The fabless operating model limits the company's ability to adjust production capacity independently, posing operational risks[75]. - Inventory risks may arise if market demand changes or if sales channels are not effectively expanded[77]. - The company is exposed to financial risks due to potential fluctuations in selling prices and gross margins[77]. Employee and Compensation - The company employed a total of 270 staff, with 206 in the parent company and 64 in major subsidiaries[152]. - The workforce includes 198 R&D personnel, 32 sales staff, and 11 finance staff, reflecting a strong focus on research and development[153]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 1,160.32 million RMB[139]. - The total remuneration for core technical personnel at the end of the reporting period was 779.70 million RMB[139]. Environmental, Social, and Governance (ESG) - The company emphasizes ESG management, integrating environmental, social, and governance principles into its business operations[176]. - The company has not established an environmental protection mechanism and did not invest any funds in environmental protection during the reporting period[177]. - The company has not been subject to any administrative penalties related to environmental issues during the reporting period[179].