Tricolor(SH:603516)2025-04-22 11:20Financial Performance - The company's operating revenue for 2024 was CNY 494,890,122.06, a decrease of 0.82% compared to CNY 498,988,965.22 in 2023[21]. - The net profit attributable to shareholders for 2024 reached CNY 85,799,953.88, representing a significant increase of 390.75% from CNY 17,483,455.88 in 2023[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 73,286,462.90, up 954.04% from CNY 6,952,940.13 in the previous year[21]. - The net cash flow from operating activities for 2024 was CNY 56,462,450.53, a decline of 52.94% compared to CNY 119,991,645.21 in 2023[21]. - The total assets at the end of 2024 amounted to CNY 1,576,261,828.15, reflecting a 2.09% increase from CNY 1,544,002,230.45 at the end of 2023[21]. - The net assets attributable to shareholders increased by 34.67% to CNY 1,445,106,794.65 at the end of 2024, compared to CNY 1,073,094,831.83 at the end of 2023[21]. - The basic earnings per share for 2024 was 0.43 yuan, up 377.78% compared to 0.09 yuan in 2023[22]. - The company achieved a net profit attributable to shareholders of 85.8 million yuan in 2024, representing a year-on-year increase of 390.75%[32]. - The company reported a total R&D expenditure of approximately 76.38 million, accounting for 15.43% of total revenue[92]. - The company’s main business revenue from the display control industry was approximately 490.73 million, with a gross margin of 50.33%, reflecting a year-over-year increase of 6.80 percentage points[80]. Research and Development - Research and development expenses amounted to 76.38 million yuan, accounting for 15.43% of operating income[33]. - The company launched three self-developed chips in April 2024, marking a significant advancement in its product offerings[33]. - The company launched three self-developed chips: "Coollights LDV4045", "Zeus0108", and "Thor ULC32A" in April 2024, which are expected to significantly contribute to sustainable development and reinforce the company's technological leadership in the industry[105]. - The company filed 20 new patent applications during the reporting period, bringing the total authorized patents to 116, including 65 invention patents[71]. - The company has 175 R&D personnel, representing 30.43% of the total workforce[93]. Product Development and Innovation - The company expanded its product categories, achieving breakthroughs in artificial intelligence and professional chip products[32]. - The company successfully launched three self-developed chips in April 2024, marking a significant advancement in its product offerings[33]. - The "Coollights LDV4045" chip, a groundbreaking "ALL IN ONE" LED chip solution, enhances installation and energy efficiency for small-pitch LED displays[34]. - The "Zeus Zeus0108" chip is the first domestically produced ASIC professional audio and video processing chip, aimed at overcoming reliance on foreign chips and improving competitiveness in key industries[34]. - The "Thor ULC32A" chip is designed for human-machine interaction and can be applied in various fields including industrial control and smart homes, enhancing the company's core technology competitiveness[34]. - The company has developed products such as the multi-functional comprehensive signal processing platform Cronos and the distributed system NYX, contributing to national digital information construction[103]. Market Strategy and Expansion - The company is committed to continuous innovation and market expansion, focusing on digital transformation and providing valuable solutions to customers[36]. - The company aims to strengthen its talent mechanism and enhance collaboration with partners across the industry chain to improve operational efficiency and shareholder value[37]. - The company is focused on expanding its market presence, as indicated by the management changes and strategic appointments[124]. - The company plans to deepen its market presence in traditional sectors such as government, transportation, and meteorology while actively exploring emerging fields like AI applications, AR/VR, and immersive commercial applications[110]. - The company is committed to increasing its overseas market share, having already established partnerships in North America, Europe, the Middle East, and Southeast Asia, with a focus on enhancing international competitiveness[112]. Corporate Governance and Management - The company’s governance structure complies with the Company Law and relevant regulations, ensuring no significant discrepancies in governance practices[118]. - The company has held shareholder meetings to approve annual reports and profit distribution plans, ensuring transparency and compliance with regulatory requirements[118]. - The company appointed new supervisory board members, including Molly and Sun Jingjing, during the fourth board and supervisory board elections held on September 23, 2024[123]. - The company’s management team includes individuals with extensive experience in various sectors, enhancing its operational capabilities[124]. - The company has a structured governance process, with regular meetings and elections for board members and supervisors[123]. Financial Management and Shareholder Returns - The company plans to distribute a cash dividend of CNY 2.5 per 10 shares, totaling CNY 50,195,569.75 based on the current total share capital[6]. - The cash dividend represents 58.50% of the net profit attributable to ordinary shareholders in the consolidated financial statements, which is 85,799,953.88 RMB[146]. - Over the last three accounting years, the cumulative cash dividend amount is 88,458,281.45 RMB, with an average annual net profit of 44,390,015.31 RMB, resulting in a cash dividend ratio of 199.28%[149]. - The total remuneration for all directors, supervisors, and senior management amounted to 4.1222 million yuan[125]. - The remuneration for directors and senior management is determined based on their positions and responsibilities, with an annual salary system in place[125]. Risk Management - There were no significant risks impacting the company's operations during the reporting period[9]. - The company faces management risks due to the complexity of its organizational structure as it expands its business, requiring upgrades in resource integration, market development, product R&D, and financial management[115]. - The procurement costs of raw materials, including chips and electronic components, are subject to price fluctuations, which can adversely affect the company's operating performance if prices continue to rise[115]. - The company’s overseas business is expanding, which may be impacted by international political conflicts and trade policy adjustments affecting market access and supply chains[115]. Social Responsibility and Community Engagement - The company invested a total of 6.05 million yuan in poverty alleviation and rural revitalization projects[160]. - The investment included 6.05 million yuan in funds, with no material discounts reported[160]. - The company actively supports local poverty alleviation efforts by purchasing bottled mineral water from a specific county in Gansu Province[160]. - The company has received a poverty alleviation honor certificate from the local government for its contributions[160]. - The company has committed to reducing carbon emissions through various measures, including energy consumption reduction and efficiency improvements in manufacturing[160].