THEC(BJ:833509)2025-04-22 14:05Corporate Events and Recognition - In April 2024, the company successfully held its annual dealer conference and a large celebration event titled "Thirty and Strive Together for the Future" [6] - In October 2024, the company was selected for the inaugural "Future 20" list and awarded the title of "2024 China's A-share Listed Company Growth Power Annual Enterprise" [8] - The company successfully applied for the "2024 Innovative Product" project from the Jiangsu Provincial Department of Industry and Information Technology [10] Financial Performance - The company's operating revenue for 2024 reached ¥193,949,849.60, representing a 14.54% increase compared to ¥169,330,193.62 in 2023 [32] - The net profit attributable to shareholders for 2024 was ¥50,437,343.65, a 30.46% increase from ¥38,660,042.67 in 2023 [32] - The net profit after deducting non-recurring gains and losses was ¥45,036,283.75, reflecting a 43.30% increase from ¥31,428,945.42 in 2023 [32] - The total assets at the end of 2024 amounted to ¥391,855,967.23, a decrease of 1.86% from ¥399,276,863.20 at the end of 2023 [34] - The total liabilities decreased by 10.21% to ¥49,569,408.48 from ¥55,206,265.66 at the end of 2023 [34] - The weighted average return on equity based on net profit was 14.86% for 2024, up from 11.72% in 2023 [32] - The operating cash flow for 2024 was ¥63,985,641.38, an increase of 19.5% compared to ¥53,542,605.58 in 2023 [34] - The company reported a basic earnings per share of ¥0.32 for 2024, a 33.33% increase from ¥0.24 in 2023 [32] - The company achieved a gross profit margin of 56.01% in 2024, slightly down from 57.09% in 2023 [32] - The net profit growth rate for 2024 was 30.46%, compared to a decline of 31.17% in 2023 [34] Research and Development - Research and development expenses for the period amounted to 31.36 million yuan, with 67 software copyrights and 83 authorized patents held by the company [64] - R&D expenditure for the current period amounted to CNY 31,357,562.67, accounting for 16.17% of operating revenue, a decrease from 18.63% in the previous period [108] - The number of patents owned by the company increased to 83, up from 67 in the previous period, including 55 invention patents [110] - The company is developing several new products, including a series of RF impedance analyzers and high-power programmable AC/DC power supplies, which are expected to enhance its market competitiveness [111] - The company has established a collaboration with Southeast University to develop advanced power semiconductor chip testing technology, focusing on market and application needs [115] Market and Industry Trends - The electronic measurement instrument market in China is projected to grow from 34.67 billion yuan in 2022 to 42.29 billion yuan by 2025 [68] - The electronic measurement instrument industry is experiencing a shift towards microcomputerization, digitalization, and intelligence, driven by advancements in microelectronics and computer technology [129] - The market for electronic measurement instruments in China is expected to continue expanding, supported by government policies such as tax incentives and financial subsidies [132][133] Shareholder and Stock Management - In May 2024, the company distributed cash dividends of 2.50 yuan for every 10 shares to shareholders [65] - The company repurchased 1.41 million shares, accounting for 0.87% of the total share capital, to protect shareholder interests [65] - The company has approved a stock incentive plan for core employees, aiming to enhance motivation and retention [145] - The company plans to repurchase shares at a price not exceeding 9 CNY per share, with a total repurchase fund of no less than 10 million CNY and no more than 20 million CNY [156] Risk Management - The company has no major risks of delisting [18] - The company has no significant changes in major risks during the reporting period [18] - The company faces risks from intensified market competition, particularly from domestic companies entering the electronic measurement instrument market [137] - The reliance on imported semiconductor chips poses a risk to production, prompting the company to accelerate the development of domestic alternatives [137] - The company has identified potential legal risks related to patent infringement and is implementing measures such as timely patent searches before new product development [138] Corporate Governance and Compliance - The company has not reported any non-standard audit opinions, indicating compliance with auditing standards [116] - The company has effectively communicated with the auditing firm to ensure the accuracy of the audit process and the independence of the auditors [124] - The company has committed to strict management of fundraising projects to mitigate risks associated with the use of raised funds [178] Employee and Environmental Initiatives - The company has implemented a professional health and safety system certification to provide a superior working environment for employees [125] - The company has committed to energy conservation and emission reduction, utilizing rooftop space for photovoltaic power generation, saving approximately 600,000 kWh annually [127] - The company maintains a policy of no layoffs or salary reductions during challenging economic conditions, even increasing some positions [126]