力芯微(688601) - 2024 Q4 - 年度财报

Financial Performance - The net profit attributable to shareholders for the year ending December 31, 2024, is reported at ¥125,857,356.24[6] - The company's revenue for 2024 was CNY 787,493,272.86, a decrease of 11.19% compared to 2023[24] - Net profit attributable to shareholders for 2024 was CNY 125,857,356.24, down 37.23% from the previous year[24] - The net profit after deducting non-recurring gains and losses was CNY 104,968,381.01, reflecting a 40.88% decline year-over-year[24] - Cash flow from operating activities for 2024 was CNY 133,182,057.77, a decrease of 37.75% compared to 2023[24] - Total assets at the end of 2024 were CNY 1,457,482,636.73, a slight decrease of 0.64% from the end of 2023[24] - Net assets attributable to shareholders increased to CNY 1,265,205,242.07, a 0.39% increase from the previous year[24] - Basic earnings per share decreased by 37.33% to CNY 0.94 compared to CNY 1.50 in the previous year[26] - The weighted average return on equity decreased by 7.14 percentage points to 9.87% compared to 17.01% in the previous year[26] Dividend and Profit Distribution - The proposed cash dividend is ¥4 per 10 shares, totaling ¥53,105,080.00 (including tax) based on a total share capital of 132,762,700 shares[6] - The total amount for cash dividends and share repurchases is ¥93,297,980.90, which represents 74.13% of the net profit attributable to shareholders[6] - The cash dividend amount represents 42.19% of the net profit attributable to shareholders, excluding the repurchased shares[6] - The profit distribution plan is subject to approval at the 2024 annual shareholders' meeting[9] - The total net profit attributable to shareholders for 2024 is reported at 125,857,356.24 RMB, with cumulative distributable profits amounting to 526,720,139.11 RMB[179] - The cash dividend policy aligns with the company's articles of association and shareholder resolutions, ensuring clarity and completeness in decision-making processes[181] Research and Development - Research and development expenses accounted for 17.85% of operating revenue, an increase of 5.72 percentage points from the previous year[26] - The company increased its R&D expenses by ¥32,958,200.51, reflecting a commitment to innovation despite short-term profit pressures[39] - A total of 42 new patent applications were filed during the reporting period, including 24 invention patents, bringing the total authorized intellectual property projects to 191[40] - The company established a new R&D center in Shanghai, enhancing its technical capabilities and expanding its R&D team[41] - Total R&D investment for the year reached ¥140,559,251.74, a 30.63% increase from the previous year, with R&D expenses accounting for 17.85% of operating revenue[58] Market and Product Development - The semiconductor market is expected to recover in 2024, with significant growth in computing and storage chips projected at 21% and 61% respectively[46] - The company continues to focus on high-performance power management chips, maintaining strong competitiveness in the consumer electronics market[48] - New signal processing products were launched, achieving international advanced performance levels, contributing to the expansion of the product line[49] - The company is developing high-performance power conversion and driver chips, with a total expected investment of ¥17,889.96 million, and has already invested ¥13,446.29 million[61] - The company is actively exploring new markets to enhance future growth potential, particularly in high-reliability sectors[50] Risk Management - The company has outlined potential risks in its management discussion and analysis section[4] - The company faces risks related to product iteration and innovation, as failure to continuously develop new products could weaken its market competitiveness[75] - The company has a robust risk assessment plan to address quality anomalies, ensuring that no defective products reach customers[70] - The company faces risks from market fluctuations due to geopolitical factors and inflation impacting the consumer electronics sector[83] Corporate Governance - The company has not indicated any special arrangements for corporate governance[10] - The company has maintained a stable governance structure with no major differences from regulatory requirements[150] - The board of directors and supervisory board have operated in accordance with legal requirements throughout the reporting period[150] - The company has implemented a strict management control system for its subsidiaries, ensuring compliance with regulations[195] - The company has established an ESG governance structure and actively supports ESG-related work[198] Employee and Management Compensation - The total remuneration for the chairman and general manager, Yuan Minmin, was 855,800 RMB for the reporting period[156] - The total remuneration for the core technical personnel amounted to 1,192,400 RMB during the reporting period[156] - The total remuneration for directors, supervisors, and senior management was 706.57 million RMB at the end of the reporting period[163] - The compensation for senior management is linked to the company's annual performance and individual performance[194] Financial Audit and Compliance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm[5] - The company reported a significant increase in asset impairment losses compared to the previous year, impacting overall profitability[26] - The company has not reported any significant changes in the independence of its operations from the controlling shareholder[150] - There were no reported instances of major adverse effects from competition with the controlling shareholder's other businesses[150]