Financial Performance - Total revenue increased by approximately 7.9% to approximately RMB 663.9 million for the year ended December 31, 2024, compared to RMB 615.5 million in 2023[3] - Gross profit rose by approximately 4.5% to approximately RMB 141.4 million, with a gross margin decrease of about 0.7% to approximately 21.3%[3] - Profit attributable to owners of the company increased by approximately 141.6% to approximately RMB 18.5 million, up from RMB 7.6 million in 2023[3] - The group reported revenue of RMB 663,865 thousand for 2024, an increase from RMB 615,504 thousand in 2023, reflecting a growth of approximately 7.8%[23] - Total revenue for the year ending December 31, 2024, reached RMB 663,865 thousand, a 7.8% increase from RMB 615,504 thousand in 2023[30] - The company recorded a net profit attributable to shareholders of RMB 18.5 million, a significant increase of 141.6% year-on-year[70] Revenue Breakdown - Revenue from the sale of optical fibers and cables increased by approximately 41.7% to approximately RMB 159.7 million, while revenue from data communication cables rose by approximately 0.3% to approximately RMB 342.7 million[3] - The revenue from the data communication cable segment was RMB 342,706 thousand, showing a slight increase from RMB 341,608 thousand in the previous year[30] - The optical fiber and cable segment generated revenue of RMB 159,668 thousand, up from RMB 112,671 thousand, marking a significant increase of 41.7%[30] - The integrated cabling products segment reported revenue of RMB 161,491 thousand, consistent with RMB 161,225 thousand in 2023[30] Assets and Liabilities - Non-current assets decreased to approximately RMB 423.8 million from RMB 450.9 million in 2023[6] - Current assets increased to approximately RMB 725.0 million from RMB 714.3 million in 2023, with trade receivables rising to approximately RMB 506.3 million[6] - Total liabilities decreased to approximately RMB 430.8 million from RMB 469.0 million in 2023, with current liabilities also showing a decline[7] - Net assets increased to approximately RMB 593.8 million from RMB 577.0 million in 2023[7] - Trade receivables increased to RMB 534,662,000 in 2024 from RMB 457,062,000 in 2023, reflecting a growth of approximately 17%[51] - Net trade receivables amounted to RMB 505,758,000 in 2024, up from RMB 437,374,000 in 2023, indicating a rise of about 16%[51] Expenses and Costs - The total cost of material consumption was approximately RMB 462,398,000 in 2024, compared to RMB 432,534,000 in 2023, reflecting an increase of about 6.4%[38] - Selling and distribution expenses rose by approximately 11.8% from RMB 40.7 million to RMB 45.5 million, primarily due to increased transportation costs from sales growth[77] - Administrative expenses decreased by approximately 2.3% from RMB 59.2 million to RMB 57.8 million, attributed to reduced personnel costs[78] - Financing costs decreased slightly to RMB 19,447 thousand in 2024 from RMB 19,704 thousand in 2023[35] Cash Flow and Financing - The total cash outflow for leases, including short-term leases, was approximately RMB 2,892,000 in 2024, down from RMB 4,169,000 in 2023, representing a reduction of about 30.7%[48] - The company’s cash flow from operating activities includes payments made to banks under supplier financing arrangements[60] - The weighted average effective annual interest rate for bank and other borrowings was 4.63% in 2024, compared to 4.45% in 2023[67] - Total bank and other borrowings amounted to RMB 311.943 million in 2024, down from RMB 341.196 million in 2023[65] Corporate Governance and Compliance - The company is committed to high standards of corporate governance, enhancing management efficiency and risk management[106] - The audit committee, established in 2017, oversees financial reporting and risk management, ensuring compliance with relevant regulations[111] - The auditor confirmed that the preliminary announcement figures align with the audited financial statements for the year ending December 31, 2024[116] Future Plans and Strategies - The group plans to continue investing in development projects and acquire suitable plants and machinery when deemed appropriate[97] - The group aims to enhance ultra-low loss fiber production to meet the urgent demand for high-performance cables in 5G-A base station construction and the "East Data West Computing" project[101] - The group will focus on international expansion in Southeast Asia and the Middle East, targeting smart city and 5G infrastructure projects, while also developing drone-guided invisible cables[102] Dividends and Shareholder Returns - The company did not recommend the payment of a final dividend for the year ended December 31, 2024, consistent with the previous year[3] - The board does not recommend a final dividend for the year, consistent with the previous year[103]
普天通信集团(01720) - 2024 - 年度业绩