Primeton(688118)2025-04-22 10:55Financial Performance - The company's operating revenue for 2024 was CNY 419.83 million, a decrease of 12.63% compared to CNY 480.53 million in 2023[22]. - The net profit attributable to shareholders for 2024 was CNY 6.55 million, a turnaround from a loss of CNY 15.66 million in 2023, representing an increase of CNY 22.21 million year-on-year[24]. - The net cash flow from operating activities for 2024 was CNY 17.49 million, a significant improvement from a negative CNY 68.34 million in 2023, indicating an increase of CNY 85.83 million year-on-year[24]. - Basic earnings per share for 2024 were CNY 0.071, compared to a loss of CNY 0.171 in 2023, marking a significant recovery[23]. - The weighted average return on equity for 2024 was 0.76%, an increase of 2.57 percentage points from -1.81% in 2023[23]. - The total assets at the end of 2024 were CNY 979.86 million, a decrease of 0.84% from CNY 988.16 million at the end of 2023[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 8.21 million for 2024, compared to a loss of CNY 31.11 million in 2023[22]. - The company received government subsidies amounting to CNY 11.22 million in 2024, compared to CNY 6.55 million in 2023, reflecting a positive trend in support[28]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.50 per 10 shares, totaling approximately RMB 13.77 million based on a total share capital of 91,817,613 shares as of March 31, 2025[5]. - The cash dividend amount represents 210.38% of the net profit attributable to ordinary shareholders in the consolidated financial statements, which is RMB 6,546,613.94[163]. - The company has implemented a cash dividend distribution for 2023 and initiated a second phase of share repurchase to enhance shareholder returns[48]. Research and Development - Research and development expenses totaled RMB 82.15 million, accounting for 19.57% of operating revenue[39]. - The company has applied for 21 invention patents and obtained 12 invention patent authorizations during the reporting period, further strengthening its core intellectual property moat[44]. - The company has developed over 40 key core technologies with independent intellectual property rights, including 58 authorized invention patents and 321 software copyrights[69]. - The company has established a unique iPALM R&D system, which enhances product management throughout the entire lifecycle[87]. - The company is focusing on developing AI-assisted tools to enhance business service capabilities and support digital transformation[84]. Operational Strategy and Market Position - The company emphasizes the importance of data governance and management as part of its operational strategy[12]. - The company is focused on developing low-code platforms and data middle platforms to enhance application development efficiency[12]. - The company is expanding into manufacturing and transportation logistics sectors, aiming to meet digital transformation needs[37]. - The company is committed to leveraging emerging technologies like artificial intelligence across its product lines to drive innovation and efficiency[45]. - The company aims to eliminate information silos and improve software asset utilization through its enterprise service bus software[59]. Governance and Compliance - The company has established a complete governance structure and improved operational standards, ensuring compliance with relevant laws and regulations[132]. - The company reported a consistent performance with a focus on innovation and technology development, maintaining a strong market position[138]. - The company has established specialized committees under the board to strengthen governance and decision-making processes[133]. - The company has not reported any significant changes in business independence or competition with controlling shareholders[133]. - The company’s independent directors have been actively involved in governance, ensuring the protection of all shareholders' rights[133]. Social Responsibility and Community Engagement - The company actively participates in social welfare activities, contributing to community development and poverty alleviation efforts[191]. - The company donated a total of RMB 250,000 (approximately USD 35,000) to various educational and research foundations during the reporting period[191]. - The company promotes low-carbon initiatives among employees, encouraging practices such as double-sided printing and energy conservation[182]. Future Outlook and Strategic Initiatives - Future outlook remains positive, with projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[139]. - The company plans to hold the first extraordinary general meeting of 2024 as part of its governance activities[145]. - The company plans to enhance its product AI capabilities and explore AI applications across various industries[126]. - The company will continue to invest in AI technology and enhance its product offerings to maintain competitive advantages in the market[127]. - The company aims to enhance data quality and governance through the development of a unified data infrastructure, supporting various industries including finance, logistics, and education[84].