ZOWEE(SZ:002369)2025-04-21 12:00Financial Performance - The company's operating revenue for 2024 was ¥1,707,430,956.39, representing a 10.30% increase compared to ¥1,548,011,892.77 in 2023[23]. - The net profit attributable to shareholders for 2024 was -¥217,858,970.29, a 46.93% improvement from -¥410,526,921.47 in 2023[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥188,784,705.49, showing a 59.29% improvement from -¥463,702,874.31 in 2023[23]. - The net cash flow from operating activities was -¥77,291,505.24, a decline of 85.42% compared to -¥41,685,603.61 in 2023[24]. - The basic earnings per share for 2024 was -¥0.3843, improving by 46.93% from -¥0.7241 in 2023[24]. - Total assets at the end of 2024 were ¥2,564,863,398.23, a slight increase of 0.24% from ¥2,558,618,889.54 at the end of 2023[24]. - The net assets attributable to shareholders decreased by 31.85% to ¥466,097,263.72 from ¥683,969,614.44 in 2023[24]. - The company reported a total revenue after deducting certain amounts for 2024 of ¥1,663,226,673.14, compared to ¥1,509,021,311.88 in 2023[24]. - Non-recurring losses for 2024 totaled -¥29,074,264.80, compared to gains of ¥53,175,952.84 in 2023[29]. Business Operations - The company aims to enhance its product offerings in 2024 by focusing on the development of cutting-edge products such as Wi-Fi 7, 5G, and AIoT[47]. - The company achieved operating revenue of ¥1,707,430,956.39, an increase of 10.30% compared to the previous year, driven primarily by higher revenue from consumer electronics products[56]. - Operating costs rose to ¥1,668,595,578.02, reflecting a 5.16% increase year-on-year, attributed to the rise in operating revenue[56]. - The company is advancing towards a 5G+AIoT vertical integration model, successfully launching multiple Wi-Fi7 and 5G wireless communication products into mass production[49]. - The company is committed to upgrading to smart factories, achieving a maturity level of three in intelligent manufacturing capabilities, focusing on automation and digital applications[55]. Research and Development - Research and development investment totaled ¥48,467,897.49, accounting for 2.84% of operating revenue, which is a decrease of 16.98% from the previous year[56]. - The company established three R&D centers in Shenzhen, Wuhan, and Xi'an, focusing on comprehensive product development and manufacturing capabilities[52]. - The company holds a total of 255 patents, including 95 invention patents, 75 utility model patents, and 85 design patents, showcasing its commitment to innovation[52]. - R&D investment decreased by 16.98% to ¥48,467,897.49 in 2024, accounting for 2.84% of operating revenue[69]. - The number of R&D personnel decreased by 23.97% to 295 in 2024, with a significant drop in the proportion of personnel with a bachelor's degree[69]. Governance and Compliance - The company emphasizes the importance of accurate and complete financial reporting, with all board members present for the report's approval[4]. - The company has established a governance structure that includes a board of directors and specialized committees to ensure compliance with legal regulations and enhance decision-making processes[100]. - The company held two shareholder meetings during the reporting period, ensuring equal rights for all shareholders and actively addressing their inquiries[101]. - The board of directors consists of seven members, including three independent directors, who contribute to strategic decision-making and oversight[104]. - The company reported zero violations in information disclosure for 2024, ensuring compliance with relevant regulations[110]. Shareholder Relations - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves for the fiscal year 2024[144]. - The company emphasizes the protection of shareholder rights by ensuring transparent and timely information disclosure[153]. - The company achieved a 12.99% investor participation rate in the 2023 Annual General Meeting held on May 15, 2024[118]. - The company maintained a 14.14% investor participation rate in the first extraordinary general meeting of 2024 held on November 27, 2024[118]. - The company has established a comprehensive and transparent performance evaluation and incentive mechanism for directors and senior management[109]. Risk Management - The company has a comprehensive risk disclosure in the management discussion section, highlighting potential future operational risks[4]. - The company faces risks from customer concentration, with a few core clients contributing significantly to overall revenue, necessitating proactive communication and market expansion to mitigate potential order reductions[92]. - Fluctuations in the prices of key raw materials, which constitute a significant portion of the company's main business costs, pose a risk to operational performance, prompting a focus on supply chain stability[94]. Employee Management - The total number of employees at the end of the reporting period was 3,598, with 2,765 in production, 650 in technical roles, and 38 in sales[139]. - The company has a compensation policy that emphasizes performance-based pay, ensuring competitive salaries aligned with job value and regional wage levels[140]. - The company has established a training system to enhance employee skills, covering new employee training, technical skills, and management skills[141]. Legal and Regulatory Matters - The company has no instances of illegal external guarantees during the reporting period[163]. - The company has not encountered any major environmental issues or administrative penalties related to environmental protection during the reporting period[151]. - The company is involved in a lawsuit with a total amount of 10.2 million yuan, with expected liabilities of 1.02 million yuan[169]. Financial Management - The company has a fully independent financial department with a separate accounting system and independent bank accounts[115]. - The company has established a clear framework for monitoring and evaluating the performance of its directors and executives, promoting transparency and accountability[129]. - Total pre-tax compensation for directors, supervisors, and senior management during the reporting period amounted to ¥982.76 million[131].