Haosen(SH:688529)2025-04-14 13:55Financial Performance - The company's operating revenue for 2024 was approximately ¥1.81 billion, a decrease of 9.85% compared to ¥2.01 billion in 2023[23]. - The net profit attributable to shareholders for 2024 was a loss of approximately ¥87.92 million, a decline of 201.46% from a profit of ¥86.66 million in 2023[23]. - The basic earnings per share for 2024 was -¥0.53, down 184.13% from ¥0.63 in 2023[24]. - The weighted average return on equity decreased by 10.20 percentage points to -4.24% in 2024 from 5.96% in 2023[24]. - The net profit attributable to the parent company was CNY -87.92 million, a decline of 201.46% year-on-year[35]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -107.39 million, a decrease of 233.55% year-on-year[35]. - The company's gross profit margin decreased by 6.66 percentage points to 20.61%[133]. - The company's operating cash flow was -62,259.55 million yuan, indicating significant cash outflows due to the nature of the industry[123]. Research and Development - Research and development expenses accounted for 7.82% of operating revenue in 2024, an increase from 7.63% in 2023[25]. - The total R&D investment for the year is approximately ¥141.49 million, a decrease of 7.55% from the previous year's ¥153.05 million[95]. - The company has obtained a total of 170 authorized patents and 208 software copyrights as of December 31, 2024, with 44 new patents and 26 new software copyrights granted during the reporting period[93]. - The company has established an open R&D ecosystem, collaborating with various universities and research institutions, and has set up seven product and process laboratories to shorten the commercialization process of new products[88]. - The company is focusing on next-generation products such as axial motors and solid-state batteries, aligning its R&D efforts with future industry trends[104]. Operational Risks and Challenges - The company is facing various operational risks, which are detailed in the report[4]. - The company is facing risks related to project delivery delays, which could impact revenue recognition and increase costs[117]. - The automotive industry cycle poses a risk to the company, as a decline in vehicle production and sales could lead to reduced orders[125]. - The company is actively managing project cycles to mitigate risks associated with order delivery and cost control[122]. - The company anticipates potential risks from international trade tensions that could impact future profits[129]. Corporate Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has confirmed that all board members attended the board meeting[5]. - The company has not violated any decision-making procedures for providing guarantees[9]. - The company has not disclosed any special arrangements for corporate governance[9]. - The company disclosed all necessary information in a timely and accurate manner, ensuring equal access for all shareholders[184]. Strategic Focus and Future Outlook - The company aims to become a global leader in the intelligent equipment sector[170]. - Key strategies involve new product development, international expansion, and enhancing organizational vitality[172]. - The company plans to enhance product competitiveness by advancing laser, vision, and robotics technologies[173]. - Future guidance suggests a cautious outlook, with expectations of a potential revenue decline of up to 2% in the next quarter[188]. - The company is exploring market expansion opportunities, particularly in the electric motor product line, which has shown promising sales growth[189]. International Expansion - The company has established overseas subsidiaries in the US, India, Germany, and Hungary to expand its market reach and enhance competitiveness[62]. - The company has successfully delivered over 60 projects for American clients and 40 projects for European clients, demonstrating its capability to meet international technical standards[107]. - The proportion of overseas orders signed over 500 million yuan accounted for more than 50% of total new orders, highlighting the company's increasing international presence[119]. Innovation and Technology Development - The company has launched a humanoid robot innovation center, focusing on training and testing for applications such as material handling and assembly, laying the foundation for commercial applications of humanoid robots[88]. - The company has developed multiple advanced technologies for flexible assembly lines, including multi-model robot flexible tightening technology, which enhances production line flexibility and generalization[89]. - The company is adapting to the increasing trade barriers set by Europe and the U.S. while capitalizing on the growth of new energy vehicles in emerging markets like ASEAN and Latin America[81]. - The company is benefiting from the rapid development of the new energy industry in China, which has provided it with a technological and product advantage in the global market[81]. Management and Leadership - The leadership team consists of experienced professionals with a strong background in technology and management, ensuring effective execution of the company's strategies[190]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 6.61 million RMB[192]. - The total remuneration for core technical personnel at the end of the reporting period was 3.90 million RMB[193]. - Core technical personnel Zhao Yuliang resigned due to personal reasons, effective March 2024[194].