创业黑马(300688) - 2024 Q4 - 年度财报

Financial Performance - The company reported a total revenue of 221.93 million yuan, a decrease of 49.11 million yuan or 18.12% compared to the previous year[3]. - The net profit attributable to shareholders was -105.54 million yuan, a decline of 1192.13% year-on-year[3]. - The company's operating revenue for 2024 was ¥221,931,498.16, a decrease of 18.12% compared to ¥271,044,221.82 in 2023[30]. - The net profit attributable to shareholders for 2024 was -¥105,542,367.51, representing a decline of 1,192.13% from a profit of ¥9,663,885.61 in 2023[30]. - The basic earnings per share for 2024 was -¥0.65, down 1,183.33% from ¥0.06 in 2023[30]. - The total assets at the end of 2024 were ¥636,301,507.66, a decrease of 16.42% from ¥761,284,071.00 at the end of 2023[30]. - The net assets attributable to shareholders decreased by 22.22% to ¥423,688,638.69 at the end of 2024 from ¥544,696,932.70 at the end of 2023[30]. - The cash flow from operating activities for 2024 was -¥29,409,405.67, a decline of 195.05% compared to -¥9,967,661.95 in 2023[30]. - The company reported a significant increase in non-recurring losses, with total non-recurring gains and losses amounting to -¥1,272,625.81 in 2024 compared to ¥7,137,906.49 in 2023[37]. - The company reported a significant decline in urban expansion service revenue, which fell by 79.24% to ¥4,780,539.05[70]. Revenue Segments - The artificial intelligence service segment generated revenue of 30.01 million yuan, representing a significant increase of 1719.16% year-on-year[5]. - Revenue from AI training services reached 28.05 million yuan, showing a remarkable growth of 2426.82% compared to the previous year[5]. - Revenue from enterprise acceleration services was ¥78,805,286.79, accounting for 35.51% of total revenue, down 25.41% from ¥105,657,495.80[70]. - Revenue from AI business surged to ¥28,054,014.15, representing 12.64% of total revenue, an increase of 2,426.82% compared to ¥1,110,249.22 in 2023[70]. Strategic Focus and Investments - The company has strategically decided to shrink its urban expansion business due to increasing accounts receivable difficulties and extended payment terms[3]. - The company plans to continue investing in research and development, particularly in AI models and applications, which may impact future profits[10]. - The company aims to enhance its service offerings and maintain its market position amid increasing competition in the enterprise service sector[8]. - The focus on AI services is expected to be a new growth driver for the company moving forward[4]. - The company is committed to an "All in AI" strategy, integrating AI technology into its enterprise acceleration and service systems[46]. - The company aims to enhance its AI service business layout and investment, with a focus on supporting SMEs in their digital transformation[59]. Market and Industry Trends - The AI industry in China is expected to reach a market size of approximately 696.4 billion yuan in 2024, a significant increase from 578.4 billion yuan in 2023, indicating explosive growth[45]. - The AI large model market in China is projected to reach about 29.416 billion yuan in 2024, with an expected growth to 49.538 billion yuan by 2025[44]. - The demand for specialized services among small and medium enterprises is increasing, particularly in areas such as technology innovation and management consulting[42]. - The company is focusing on the development of "AI + X" composite talents to meet the growing demand in the AI sector, with an anticipated increase in demand for skilled AI professionals to 6 million by 2030[45]. Corporate Governance and Management - The board of directors consists of 5 members, including 2 independent directors, complying with legal and regulatory requirements[129]. - The company has established specialized committees, including an audit committee and a strategic committee, to enhance decision-making capabilities[130]. - The supervisory board comprises 3 supervisors, all of whom are employee representatives, ensuring compliance with legal requirements[131]. - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with investors[132]. - The company maintains complete independence from its controlling shareholders in terms of assets, personnel, and operations[134]. Employee and Compensation Policies - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 6.9064 million yuan[150]. - The chairman and general manager, Niu Wenwen, received a pre-tax remuneration of 2.2117 million yuan[150]. - The company emphasizes a fair and competitive compensation policy linked to performance, with a focus on aligning employee contributions with company goals[164]. - The company has established a training program to enhance employee capabilities and strengthen core competitiveness[165]. Research and Development - The company has implemented a "mentor partner system" to commercialize cutting-edge research results in AI through its Black Horse AI Lab[54]. - Total R&D investment was ¥24,113,026.17, accounting for 10.87% of operating revenue, slightly up from 10.74% in the previous year[81]. - The company completed several key R&D projects, including the development of AI models and internal management systems, aimed at enhancing service capabilities and operational efficiency[79]. Risk Management - The company acknowledges risks related to external industry changes and intensified market competition that could affect performance stability[6][7]. - The company faces risks from intensified market competition in the enterprise service sector, with a growing number of participants leading to increased homogenization[118]. - The company emphasizes a cautious approach to new business development, focusing on the feasibility of commercial applications to mitigate profitability risks[119]. Sustainability and Social Responsibility - The company is committed to sustainable development, promoting a low-carbon ecosystem through its operational practices[183]. - The company aims to reduce cloud service energy consumption by optimizing the computing power scheduling algorithm of its intelligent engine, contributing to green technology initiatives[183]. - The company is focused on deepening the integration of artificial intelligence with the real economy to benefit more small and medium-sized enterprises[184].