海看股份(301262) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was approximately ¥978.65 million, a decrease of 1.37% compared to ¥992.27 million in 2023[14]. - The net profit attributable to shareholders for 2024 was approximately ¥400.26 million, down 2.38% from ¥410.03 million in 2023[14]. - The cash flow from operating activities for 2024 was approximately ¥170.91 million, a significant decline of 56.07% from ¥389.03 million in 2023[14]. - The basic earnings per share for 2024 was ¥0.96, a decrease of 7.69% compared to ¥1.04 in 2023[14]. - The total revenue for the year 2024 was ¥30,556,202.06, down 23.6% from ¥40,080,949.61 in 2023[20]. - The company achieved a consolidated revenue of 978.65 million yuan, a year-on-year decrease of 1.37%[38]. - The net profit attributable to shareholders was 400.26 million yuan, down 2.38% year-on-year, while the net profit excluding non-recurring items was 369.71 million yuan, a slight decrease of 0.06%[38]. Assets and Liabilities - The total assets at the end of 2024 were approximately ¥4.21 billion, an increase of 9.24% from ¥3.86 billion at the end of 2023[14]. - The net assets attributable to shareholders at the end of 2024 were approximately ¥3.71 billion, up 8.17% from ¥3.43 billion at the end of 2023[14]. - The company's total assets saw a significant change, with cash and cash equivalents decreasing from 31.46% to 24.96% of total assets[68]. - The accounts receivable increased to 21.89% of total assets, up from 16.78%, indicating extended customer payment cycles[68]. User Engagement and Market Presence - By the end of 2024, the number of IPTV users reached 408 million, with a net increase of 6.534 million users during the year, resulting in a penetration rate of 60.90% among fixed broadband users[25]. - The average daily active rate for IPTV users was 53.09% in 2024, indicating strong user engagement[25]. - The IPTV platform contributed 38.40% of the viewing share for large screens, marking a year-on-year increase of 7.46%[25]. - The company reported a significant increase in user engagement, with a 25% year-over-year growth in active users[124]. - User retention rates improved to 85%, up from 80% in the previous year[124]. Research and Development - The company invested 41.40 million yuan in R&D expenses, indicating a commitment to innovation and technology development[38]. - The company has a research and development personnel ratio of 41.04%, with R&D investment intensity maintained above 4% for several consecutive years[45]. - The company is focusing on developing AI algorithms tailored for the broadcasting industry, enhancing user engagement and operational efficiency[61]. - A new AI-driven content analysis tool is under development to improve media asset management and intelligent content retrieval[61]. - The company has established a plan to stabilize its stock price for three years following its IPO[166]. Governance and Management - The company has established a governance structure in compliance with laws and regulations, including a board of directors and a supervisory board, to manage risks associated with its expanded scale[91]. - The board of directors consists of 9 members, including 3 independent directors, and has held 7 meetings, adhering to legal and regulatory requirements[103]. - The company has developed a market value management system to enhance investment value and investor returns, approved by the board on January 24, 2025[97]. - The company has launched a "Quality and Return Improvement" action plan aimed at sustainable development and enhancing compliance governance[98]. - The company is focusing on strengthening management capabilities and enhancing corporate culture to ensure stable future development[91]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of ¥0.5 per 10 shares, based on a total of 417 million shares[3]. - The total cash dividend for the year is RMB 20.85 million, which represents 100% of the distributable profit of RMB 1,224.60 million[148]. - The company approved a cash dividend of RMB 0.96 per 10 shares, totaling RMB 40.03 million, based on a total share capital of 41.7 million shares as of June 30, 2023[146]. - A second cash dividend of RMB 3.50 per 10 shares was approved, amounting to RMB 145.95 million, also based on the same total share capital[146]. Risks and Challenges - The company faces risks related to changes in industry policies that could adversely affect its IPTV business, and it will strengthen communication with regulatory authorities to mitigate these risks[88]. - The company has a high concentration of revenue sources within Shandong province, which poses a risk if user growth saturates or if there are adverse policy impacts[89]. - The company holds exclusive operational authorization for IPTV services from Shandong Broadcasting Television, and any changes to this authorization could significantly impact its business performance[90]. Community and Social Responsibility - The company actively participates in rural revitalization efforts, including the construction of smart community service complexes[161]. - The company has developed a generative AI platform for creating short videos that promote Chinese culture on international social media[160]. - The company has organized various cultural and sports activities to enrich employees' cultural lives and strengthen community ties[159].