EmbedWay(603496)2025-04-14 14:50Financial Performance - The company's revenue for 2024 reached ¥1,117,212,435.07, representing a 44.83% increase compared to ¥771,416,211.07 in 2023[23]. - Net profit attributable to shareholders decreased by 65.92% to ¥26,849,070.47 in 2024 from ¥78,783,542.16 in 2023[23]. - The net profit after deducting non-recurring gains and losses was ¥22,263,125.99, down 66.13% from ¥65,729,155.49 in the previous year[23]. - The net cash flow from operating activities fell by 96.46% to ¥2,476,349.21 in 2024, compared to ¥69,943,456.15 in 2023[23]. - Total assets decreased by 17.79% to ¥2,006,250,347.78 at the end of 2024 from ¥2,440,410,084.55 at the end of 2023[23]. - The net assets attributable to shareholders increased slightly by 0.50% to ¥1,360,648,535.07 at the end of 2024 from ¥1,353,841,360.91 at the end of 2023[23]. - Basic earnings per share decreased by 66.81% to CNY 0.0838 in 2024 compared to CNY 0.2525 in 2023[24]. - The company's operating income for the first quarter of 2024 was CNY 259.48 million, while the net profit attributable to shareholders was CNY 40.38 million[25]. - Operating costs increased by 81.58% year-on-year, reaching 759.42 million RMB, primarily due to changes in product structure[94]. - The company's revenue from the intelligent system platform reached ¥738,287,107.79, representing an 88.26% increase compared to the previous year, while the gross margin decreased by 12.74% to 15.83%[98]. Corporate Governance - The company has ensured compliance with corporate governance regulations, with no violations reported during the reporting period[178]. - The board of directors and management have operated diligently and in accordance with legal requirements throughout the reporting period[178]. - The company has established a dedicated board secretary to manage information disclosure and investor relations, ensuring timely and accurate communication with shareholders[178]. - The company has a structured governance framework that aligns with the requirements of the Company Law and relevant regulations[178]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period was 6.2236 million yuan[185]. - The company has established a salary and assessment committee to oversee the remuneration of directors and senior management[185]. - The audit committee consists of members Luo Fang, Xie Meishan, and Zhang Yin[190]. - The company’s independent directors and non-executive directors' remuneration is based on the resolutions passed at the shareholders' meeting[185]. - The company has not faced any penalties from securities regulatory authorities in the past three years[187]. - The company has not reported any dissenting opinions or identified risks during the supervisory review period[194]. Risk Factors - The company faced increased bad debt provisions due to customer payment delays, impacting overall performance[34]. - The company faces market competition risks due to increasing demand in information security and wireless networks, which may lead to a decline in profit levels and market share[164]. - Rapid technological advancements and high product update rates in the network visualization and intelligent systems platform industries pose risks of misjudgment in industry direction and insufficient technological investment, potentially leading to a loss of competitive advantage[165]. - The company's business may be affected by policy risks, particularly if national policies reduce emphasis on information security and domestic autonomy, impacting market and business scale[166]. - There is a risk of core personnel loss due to intensified competition for technical talent, which is crucial for the company's sustainable development[167]. - Supply chain risks may arise from potential shortages of chips and components, leading to increased product costs; the company plans to mitigate this through various strategies[169]. Strategic Initiatives - The company is focusing on expanding its market presence and enhancing its product offerings through new technology developments[16]. - Future outlook includes strategic initiatives aimed at improving profitability and operational efficiency[16]. - The company is exploring potential mergers and acquisitions to bolster its market position[16]. - New product launches are anticipated to drive revenue growth in the upcoming fiscal year[16]. - The company aims to leverage the value of data elements and contribute to the development of the data element industry chain, positioning itself as a key player in this emerging market[69]. - The company is committed to enhancing its product and solution competitiveness through market-oriented and technology-driven R&D efforts[65]. - The company aims to achieve a compound annual growth rate of over 15% in the data industry by 2029, with a focus on enhancing data security capabilities and supporting innovation in data classification and privacy protection[154]. - The company will enhance its R&D capabilities by increasing investments in new technologies related to intelligent computing, aiming to maintain its position as a leading solution provider in the industry[160]. - The company intends to expand its market presence by strengthening its marketing service network and increasing its market share in the government sector, while maintaining its core position in the telecommunications and financial industries[161]. Research and Development - Research and development investment reached CNY 142 million in 2024, accounting for 12.73% of annual sales revenue[35]. - The total R&D expenditure amounted to ¥142,189,291.44, accounting for 12.73% of total revenue, with no capitalized R&D expenses reported[107]. - The company has 320 R&D personnel, representing 52.29% of the total workforce, with a majority holding bachelor's degrees[107]. - The company is actively investing in AI technology, aiming to develop high-performance domestic computing hardware platforms and AI integrated machines[85]. - The company is focusing on the development of new network visualization systems to cover more protocols and application scenarios, leveraging its technology in the domestic market[82]. Market Trends - The network visualization industry is experiencing rapid growth, with increasing demand for intelligent data analysis and management solutions driven by AI technology[50]. - The market potential for the intelligent system platform is expected to continue to grow, supported by national policies promoting domestic information technology[33]. - The upcoming 5G network construction is anticipated to drive a significant increase in network traffic and expand the application scenarios for network visualization technology[66]. - The integration of edge computing with 5G technology is expected to create new deployment scenarios for network visualization, further expanding the market[66]. - The demand for intelligent systems is driven by the trends of industry intelligence and new infrastructure, particularly in critical sectors like energy and transportation, leading to significant growth opportunities for the company's intelligent systems platform[75]. Employee and Management - The total number of employees at the parent company and major subsidiaries is 612, with 320 in technical roles[195]. - The company has 447 employees with a bachelor's degree or higher, representing approximately 73% of the total workforce[195]. - The company has maintained a total of 102,699,668 shares held by directors and senior management, with a total remuneration of 622.36 million yuan for the reporting period[181]. - The chairman and general manager, Shen Zhenyu, holds 44,096,777 shares, with a remuneration of 65.52 million yuan[181]. - The company has a training plan aimed at enhancing management decision-making and improving operational efficiency across business lines[197]. Dividend Policy - The company plans to distribute a cash dividend of 0.20 yuan per 10 shares (including tax) to all shareholders, with no stock bonus or capital increase[6]. - The company has established a cash dividend policy in accordance with regulatory guidelines, which has not been adjusted during the reporting period[198]. - The annual shareholders' meeting is scheduled for May 2024, with resolutions to be published on the Shanghai Stock Exchange website[179].