WLCSP(603005)2025-04-18 14:40Financial Performance - The company's operating revenue for 2024 reached RMB 1,129,957,381.01, representing a 23.72% increase compared to RMB 913,288,878.20 in 2023[22] - Net profit attributable to shareholders of the listed company increased by 68.40% to RMB 252,758,312.83 from RMB 150,095,690.43 in the previous year[22] - The net profit after deducting non-recurring gains and losses was RMB 216,521,823.84, an increase of 86.74% compared to RMB 115,945,279.82 in 2023[22] - The basic earnings per share for 2024 was RMB 0.39, up 69.57% from RMB 0.23 in 2023[23] - The weighted average return on net assets increased to 6.05%, up 2.33 percentage points from 3.72% in the previous year[23] - The company reported a net cash flow from operating activities of RMB 355,479,310.56, a 16.33% increase from RMB 305,581,902.42 in 2023[22] - Total assets at the end of 2024 were RMB 4,748,335,144.33, a slight decrease of 1.57% from RMB 4,824,122,558.00 at the end of 2023[22] - Operating profit reached RMB 28,828,430.43, up 79.03% compared to the previous year[63] - The gross margin for the electronic components segment improved by 5.13 percentage points to 43.25%[67] Revenue Growth - In Q1 2024, the company's operating revenue was approximately CNY 240.85 million, with a net profit attributable to shareholders of CNY 49.24 million, representing a 20.5% increase from the previous quarter[26] - The operating revenue for Q2 2024 increased to approximately CNY 294.30 million, with a net profit attributable to shareholders rising to CNY 60.83 million, marking a 23.4% growth compared to Q1 2024[26] - By Q3 2024, the operating revenue reached approximately CNY 294.55 million, and the net profit attributable to shareholders was CNY 74.39 million, reflecting a 22.4% increase from Q2 2024[26] Market Trends - The global semiconductor sales are projected to reach USD 627.6 billion in 2024, a 19.1% increase from USD 526.8 billion in 2023, driven by strong demand in AI and data applications[30] - The global image sensor (CIS) market is expected to grow from USD 21.8 billion in 2023 to USD 28.6 billion by 2029, with a compound annual growth rate (CAGR) of 4.7%[31] - Global smartphone shipments are forecasted to reach 1.236 billion units in 2024, a 6.1% year-on-year increase, indicating a recovery in the market[31] - The automotive CIS market is projected to grow steadily, with shipments increasing from 289 million units in 2020 to 354 million units in 2023, reflecting a CAGR of 7.03%[32] - The humanoid robot sensor market in China is expected to grow at a CAGR of 61.6% from 2024 to 2030, potentially exceeding 54 billion yuan by 2030, driven by mass production of humanoid robots[33] Technological Advancements - The company is focusing on advanced packaging technology for integrated circuits, particularly in the image sensor market, which includes products like CIS chips and MEMS chips[35] - The company aims to enhance its optical device business by improving manufacturing capabilities and expanding into new markets, including automotive smart projection[36] - The company is actively pursuing global expansion and collaboration, particularly in high-power GaN technology for automotive applications[37] - The company has developed a diverse range of advanced packaging technologies, including wafer-level chip size packaging (WLCSP) and through-silicon via (TSV) technologies, positioning itself as a leader in the industry[58] Research and Development - Research and development expenses rose to RMB 159,507,327.88, a 17.47% increase from the previous year, indicating ongoing investment in technology[66] - The company has a robust R&D framework, having established a provincial-level R&D center and undertaken multiple national and provincial research projects, including the development of a 12-inch wafer-level TSV packaging technology[60] - The company has 238 R&D personnel, making up 23.87% of the total workforce, indicating a strong commitment to innovation[79] Environmental Responsibility - The company invested RMB 707.59 million in environmental protection during the reporting period[151] - The company has implemented pollution prevention facilities, including wastewater treatment and air pollution control systems, which are operating normally[153] - The company has received environmental impact assessment approvals for its advanced wafer-level chip size packaging project, ensuring compliance with environmental regulations[154] - The company has been recognized as a "Blue Enterprise" for environmental credit evaluation in Suzhou, reflecting its commitment to environmental protection[160] Corporate Governance - The company adheres to legal regulations and governance standards, ensuring transparency and fairness in shareholder meetings and decision-making processes[114] - The board of directors consists of 7 members, including 3 independent directors with professional backgrounds in management and finance, complying with legal requirements[114] - The company has conducted one shareholder meeting during the reporting period, following all legal and procedural requirements for convening and voting[116] Shareholder Engagement - The company distributed a cash dividend of RMB 0.46 per 10 shares, totaling RMB 30,020,300.40, based on a total share capital of 652,615,226 shares[138] - The cash dividend amount represents 21.65% of the net profit attributable to ordinary shareholders in the consolidated financial statements, which is RMB 252,758,312.83[142] - The cumulative cash dividend amount over the last three accounting years is RMB 130,464,781.12, with an average net profit of RMB 210,432,651.33, resulting in a cash dividend ratio of 62.00%[144] Strategic Initiatives - The company is focusing on new technology and product development in high-end automotive electronics and MEMS sensors, enhancing its competitive edge[80] - The company plans to continue leveraging technological innovation to explore new application markets in 2024[63] - The company is committed to enhancing shareholder value through strategic initiatives and effective governance practices[121]