FHEC(SH:688362)2025-04-22 12:25Financial Performance - The company reported a significant increase in revenue, achieving a year-over-year growth of 25% in the last quarter[15]. - The company's operating revenue for 2024 reached ¥3,609,179,447.25, representing a 50.96% increase compared to ¥2,390,841,120.27 in 2023[23]. - The net profit attributable to shareholders was ¥66,327,532.77 in 2024, a significant recovery from a loss of ¥93,387,886.95 in 2023[23]. - The net cash flow from operating activities increased by 52.66% to ¥1,635,722,105.59 in 2024, up from ¥1,071,479,586.66 in 2023[23]. - The basic earnings per share for 2024 was ¥0.16, compared to a loss of ¥0.23 in 2023[24]. - The total assets of the company grew by 10.74% to ¥13,655,476,763.66 at the end of 2024, up from ¥12,330,906,165.46 at the end of 2023[23]. - The company reported a net profit of ¥47,556,227.13 in Q2 2024, following a loss of ¥35,450,368.36 in Q1 2024[28]. - The company achieved operating revenue of CNY 3,609.18 million, a year-on-year increase of 50.96%[36]. - The net profit attributable to shareholders of the parent company reached CNY 66.33 million, an increase of CNY 159.72 million compared to the same period last year, marking a turnaround from loss to profit[36]. Shareholder Returns - The company repurchased shares amounting to ¥49,986,914.35, which represents 75.36% of the net profit attributable to shareholders for the fiscal year 2024[4]. - The board of directors has approved not to distribute cash dividends or issue bonus shares for the fiscal year 2024[4]. - The company has outlined a three-year shareholder return plan for 2024-2026, emphasizing its commitment to enhancing shareholder value[143]. Research and Development - Research and development investments have increased by 40%, focusing on advanced packaging technologies[15]. - The company’s R&D expenditure as a percentage of operating revenue was 6.00% in 2024, slightly down from 6.07% in 2023[25]. - R&D investment amounted to CNY 216.66 million, accounting for 6.00% of operating revenue, with 49 new invention patents applied for during the reporting period[38]. - The company has filed 49 new invention patents and obtained 39 new invention patents during the reporting period, enhancing its intellectual property portfolio[69]. - The company has increased R&D investment by 49.29% year-on-year, totaling approximately 216.66 million yuan, reflecting a strong commitment to innovation[72]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 15% market share by the end of the year[15]. - The company plans to pursue strategic acquisitions to enhance its product offerings and market reach[15]. - The company anticipates continued revenue growth in 2025, driven by expanding customer base and application areas, including significant breakthroughs with leading IC design companies in Taiwan[40]. - The company is actively expanding into advanced packaging and automotive electronics, enhancing its service capabilities and customer base[37]. - The company is exploring potential acquisitions to enhance its technology portfolio, with a focus on companies in the AI sector[147]. Operational Efficiency - The management expenses ratio decreased from 9.96% in 2023 to 7.38% in 2024, indicating improved operational efficiency[36]. - Operating expenses were reduced by 10%, contributing to overall profitability[147]. - The company is implementing new strategies to optimize operational efficiency and reduce costs by approximately 5% in the upcoming fiscal year[146]. Corporate Governance - The company has confirmed that there are no violations in decision-making procedures regarding external guarantees[8]. - The company has not disclosed any special arrangements for corporate governance[8]. - The board of directors and supervisory board members have ensured the authenticity and completeness of the annual report[3]. - The company emphasizes investor relations management, ensuring effective communication through various channels[140]. - The company is committed to timely and accurate information disclosure, adhering to relevant regulations and standards[140]. Sustainability and ESG - The company has initiated a new sustainability strategy aimed at reducing carbon emissions by 25% over the next five years[15]. - The company is committed to enhancing its core competitiveness and profitability through continuous optimization of market and product strategies[40]. - The company actively promotes low-carbon living and integrates environmental sustainability into its business operations[195]. - The company received an ESG rating of A from Wind Information Technology Co., Ltd. for the current year[196]. Product Development - New product launches are expected to contribute an additional $10 million in revenue over the next fiscal year[15]. - The company is focusing on advanced packaging technology development, including high-density integrated circuit packaging and system-level packaging[81]. - The company has successfully developed and mass-produced exposed die flip chip packaging technology, improving heat dissipation efficiency by allowing direct heat transfer from the chip to the heat sink[57]. Risk Management - The company has outlined various operational risks and corresponding mitigation measures in the report[3]. - The company faces risks from high customer concentration, which could impact revenue growth if major clients experience adverse changes[85]. - The company plans to enhance its advanced packaging technology R&D to mitigate risks associated with market and development challenges[84].