Financial Performance - For the fiscal year ending December 31, 2024, revenue was approximately RMB 877.6 million, representing a growth of about 5.3% compared to approximately RMB 833.6 million for the fiscal year ending December 31, 2023[3]. - For the fiscal year ending December 31, 2024, profit before tax was approximately RMB 361.5 million, an increase of about 4.4% from approximately RMB 346.2 million for the fiscal year ending December 31, 2023[3]. - For the fiscal year ending December 31, 2024, net profit was approximately RMB 271.0 million, up about 4.3% from approximately RMB 259.9 million for the fiscal year ending December 31, 2023[3]. - The net profit for 2024 was RMB 271.0 million, reflecting a 4.3% growth compared to the previous year[28]. - The company's profit for the year 2024 was RMB 271,038 thousand, compared to RMB 259,875 thousand in 2023, indicating a growth of 4.5%[171]. - The total comprehensive income for 2024 was RMB 271,804 thousand, an increase from RMB 259,818 thousand in 2023, marking a rise of 4.6%[171]. Assets and Equity - As of December 31, 2024, total assets amounted to approximately RMB 13,055.8 million, reflecting a growth of about 5.2% from approximately RMB 12,414.9 million as of December 31, 2023[3]. - As of December 31, 2024, total equity was approximately RMB 2,581.4 million, an increase of about 7.5% from approximately RMB 2,400.2 million as of December 31, 2023[3]. - The net amount of loans and receivables as of December 31, 2024, was RMB 11,946.96 million, a 3.3% increase from the previous year[75]. - The total financial assets amounted to RMB 13,957.024 million, while total financial liabilities were RMB 10,454.383 million, resulting in a net liquidity gap of RMB 3,502.641 million[142]. - The total liabilities as of December 31, 2024, amount to RMB 10,474.44 million, reflecting a year-on-year increase of RMB 459.8 million or 4.6%[112]. Revenue Composition - Interest income reached RMB 729.9 million, accounting for 83.1% of total revenue, with a 5.5% increase from RMB 691.9 million in 2023[29]. - Revenue from the artificial intelligence sector grew by 39.0% year-on-year, contributing significantly to the overall revenue increase[31]. - The consulting fee income decreased by 1.6% to RMB 139.4 million, while operating lease income surged by 26,028.1% to RMB 8.4 million[29]. - The segment of "Smart Manufacturing" generated RMB 3,617,048 thousand, accounting for 30.3% of total revenue, down from 37.5% in 2023, a decrease of 16.5%[79]. - The "Dual Carbon" segment saw significant growth, with revenue increasing by 33.3% to RMB 3,066,044 thousand, up from RMB 2,300,645 thousand in the previous year[79]. - The "Artificial Intelligence" segment reported a revenue increase of 38.8%, reaching RMB 1,849,660 thousand, compared to RMB 1,332,616 thousand in 2023[79]. Financing and Investment - In 2024, the company achieved a financing amount of RMB 10.084 billion, with bond financing reaching a historical high of RMB 4.914 billion and a comprehensive cost rate dropping to a record low of 2.8%[22]. - The company established a RMB 500 billion re-lending facility for technological innovation and technical transformation, with RMB 400 billion incentivizing banks to support equipment upgrades[14]. - The company plans to invest RMB 500 million over three years in partnership with Shanghai Xiantou Intelligent Technology Co. to promote autonomous cleaning vehicles in the municipal sanitation market[27]. - The group has successfully registered RMB 1.5 billion in medium-term notes in 2024, raising RMB 500 million through its initial issuance[114]. Risk Management - The company reported a non-performing asset ratio of 1.8% as of December 31, 2024, compared to 1.7% as of December 31, 2023[11]. - The company’s asset non-performing rate was controlled at 1.8% for the year, reflecting effective risk management measures[21]. - The provision coverage ratio improved to 207.5%, an increase of 22.9 percentage points from 184.6% at the end of the previous year[102]. - The overall expected loss rate for assets has increased to 3.7%, indicating a more cautious approach to risk management[105]. Employee and Operational Metrics - The employee cost for the year ended December 31, 2024, was approximately RMB 99.4 million, an increase from RMB 94.9 million in 2023[149]. - The group had a total of 146 employees, an increase from 141 employees in 2023, with approximately 67.1% holding master's degrees or higher[149]. - The group’s operating expenses for 2024 were RMB 166.4 million, a decrease of RMB 4.5 million or 2.6% from the previous year[61]. Dividends and Shareholder Returns - The board proposed a final dividend of RMB 0.071 per share (before tax) for the fiscal year ending December 31, 2024[3]. - The company paid dividends of RMB 90,667 thousand in 2024, up from RMB 80,000 thousand in 2023, which is an increase of 13.3%[175]. Compliance and Accounting Standards - The group has adopted new and revised International Financial Reporting Standards (IFRS) effective from January 1, 2024, with no significant impact on the financial position and performance for the current and prior years[180]. - The group does not anticipate any significant impact on consolidated financial statements from the newly issued and revised IFRS in the foreseeable future[183].
中关村科技租赁(01601) - 2024 - 年度业绩