HCR(SH:688500)2025-04-18 13:50Financial Performance - The company's operating revenue for 2024 was CNY 444,039,525.40, a decrease of 17.68% compared to CNY 539,430,563.62 in 2023[25]. - The net profit attributable to shareholders for 2024 was a loss of CNY 53,397,196.02, an improvement from a loss of CNY 169,788,028.24 in 2023[25]. - The net cash flow from operating activities for 2024 was a negative CNY 63,181,950.69, compared to a positive CNY 1,236,142.94 in 2023[25]. - The company's total assets decreased by 13.11% to CNY 1,043,802,965.08 at the end of 2024 from CNY 1,201,342,417.54 at the end of 2023[25]. - The basic earnings per share for 2024 was -CNY 0.73, an improvement from -CNY 2.31 in 2023[26]. - The company's total revenue decreased by 17.68% to ¥444,039,525.40 compared to ¥539,430,563.62 in the previous year[111]. - Operating costs also fell by 17.27% to ¥306,014,576.66 from ¥369,887,617.01 year-on-year[111]. - The company reported a net loss of CNY 207,414,783.91 for the current period, compared to a loss of CNY 154,017,587.89 in the previous period[132]. Audit and Governance - The company has received a standard unqualified audit report from Da Hua Accounting Firm[7]. - The board of directors has confirmed the authenticity, accuracy, and completeness of the annual report[5]. - The company does not have any special arrangements for corporate governance[9]. - The company has not violated decision-making procedures for external guarantees[10]. - The company has established a rapid response mechanism for public opinion to protect investor rights and ensure compliance with relevant laws and regulations[163]. - The company is committed to improving information disclosure quality, ensuring that disclosed information is accurate, complete, and timely[165]. - The company is dedicated to continuous improvement of its internal control and governance mechanisms to promote sustainable and healthy development[162]. Research and Development - The R&D expenditure as a percentage of operating revenue was 8.16% in 2024, down from 8.47% in 2023[26]. - Total R&D investment decreased by 20.68% year-on-year to CNY 36,230,099.07, with a capitalized R&D investment ratio of 11.38% in 2024[79][81]. - The company has initiated a new R&D project, "Enterprise AI Application Support Platform," which is expected to generate significant economic benefits and has entered the development phase[81]. - The company has developed industry-specific generative large models based on AIGC technology, with core algorithms submitted for national regulatory approval in 2024[94]. - The company has optimized its R&D personnel structure, reducing application development staff while increasing those focused on AI and AIGC technologies to meet business and technological demands[93]. Market Position and Strategy - The company aims to become a leading provider of data element application technology and operational services in China, focusing on commercial and public service sectors[152]. - The company plans to enhance its core competitiveness by leveraging multi-dimensional data intelligence analysis and AI technologies, expanding its business in the data element industry[154]. - The company is positioned as a data consulting service provider, leveraging data analysis and artificial intelligence technologies to enhance decision-making for clients[145]. - The company is actively managing accounts receivable to improve cash flow and reduce bad debt risks, contributing to its financial stability[47]. - The company is focusing on core technology innovation and upgrading its AI platform to meet diverse customer needs in the digital economy[38]. Risks and Challenges - The company faces risks of significant performance decline due to macroeconomic factors and intensified industry competition, leading to potential losses if market demand does not recover[101]. - The company is at risk of losing core customers, which could negatively impact revenue growth and business expansion[103]. - The digital economy is rapidly developing, but increased competition may lead to price declines and challenges in maintaining market share[106]. Corporate Actions and Changes - The company plans not to distribute profits or increase capital reserves through stock conversion for the fiscal year 2024[8]. - The company has terminated investment in the data middle platform project due to market demand changes, effective September 2024[11]. - The company has begun commercializing some R&D projects, shifting focus to product market promotion and minor optimizations, while integrating AI technologies to enhance development efficiency[93]. - The company has established a wholly-owned subsidiary in Zhejiang with a registered capital of CNY 10,010,000.00[138]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 504, with 208 in the parent company and 296 in subsidiaries[195]. - The company emphasizes employee training and development, conducting regular skill training and onboarding programs to enhance workforce capabilities[197]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 917.79 million[181]. - The company has experienced changes in key personnel, with several resignations due to personal reasons and retirement[182]. Innovation and Technology - The company has developed the "Hui AI Intelligent Application Platform" for AIGC applications, integrating multiple large model generation technologies, including text language generation and voice synthesis algorithms, which have been filed with the National Cyberspace Administration[39][40]. - The company is focusing on AI-driven consumer scenario analysis, with a project completion date of July 2024, and has secured 2 software copyrights[87]. - The company is actively pursuing new product development and market expansion strategies, with a focus on integrating geographic data for improved marketing effectiveness[87].