SIGLENT(688112)2025-04-23 09:55Financial Performance - The company achieved operating revenue of 497.40 million yuan in 2024, representing a year-on-year growth of 2.93%[23]. - The net profit attributable to the parent company was 112.11 million yuan, a decrease of 27.79% compared to the previous year[23]. - The basic earnings per share (EPS) for 2024 was 0.70 yuan, down 28.57% from 0.98 yuan in 2023[23]. - The net profit after deducting non-recurring gains and losses was 69 million yuan per share, a decline of 28.87% from the previous year[23]. - The net profit attributable to shareholders for 2024 decreased by 27.79% to RMB 112.11 million from RMB 155.26 million in 2023[24]. - The net profit after deducting non-recurring gains and losses for 2024 was RMB 110.04 million, down 28.87% from RMB 154.69 million in 2023[24]. - The net cash flow from operating activities increased by 11.09% to RMB 118.05 million in 2024, compared to RMB 106.27 million in 2023[24]. - The company's net profit decreased by 13.67% to approximately 226.55 million RMB compared to the previous period[134]. Research and Development - The R&D investment accounted for 21.81% of operating revenue, an increase of 3.99 percentage points from 17.82% in 2023[23]. - The company is focusing on enhancing signal precision and developing new technologies in the field of digital oscilloscopes and vector network analyzers[14]. - The company aims to maintain a competitive edge by investing in advanced research and development initiatives[14]. - The company has increased its R&D investment and marketing efforts, leading to higher expenses and foreign exchange losses, contributing to the decline in net profit[25]. - Research and development expenses amounted to 108.50 million yuan, a year-on-year increase of 26.01%, representing 21.81% of operating revenue[80]. - The company has developed core technologies such as high bandwidth low noise oscilloscope technology and real-time spectrum analysis technology, continuously enriching its product line in the electronic testing and measurement instrument sector[88]. - The company has established a national recognized CNAS measurement laboratory and provincial engineering technology research center, focusing on cultivating technical talent and innovation capabilities[87]. - The company has developed proprietary broadband signal compensation algorithms, enhancing signal measurement quality and reducing hardware requirements[97]. - The company’s R&D investment strategy reflects a commitment to innovation, with a focus on enhancing product performance and expanding market capabilities[103]. Product Development and Innovation - The company launched 10 new products during the reporting period, laying a solid foundation for future revenue growth[76]. - The company released high-end products including a 12-bit high-resolution digital oscilloscope with 8 GHz bandwidth and a signal generator with 67 GHz output frequency[82]. - The company is focused on developing high-resolution digital oscilloscopes and signal generators to meet the growing demand in the electronic testing market[37]. - The company has developed a high-resolution digital oscilloscope series with an 8GHz bandwidth, set to be launched in January 2024, featuring a 12-bit ADC resolution and a DC gain accuracy of 0.5%[95]. - The company has launched high-end RF microwave signal generators with an output frequency of 67GHz and plans to develop signal generators with frequencies above 67GHz, as well as high-performance spectrum analyzers and vector network analyzers[146]. - The company has established a technical team by recruiting core technical personnel and fresh graduates from key universities to build a strong talent pipeline[145]. Market Strategy and Expansion - The company plans to expand its market presence and explore potential mergers and acquisitions to drive growth[14]. - The company operates primarily through a distribution model, with a focus on North America and domestic markets, while employing a distribution model in Europe and other regions[63]. - The company is focusing on expanding its product range, including portable vector network analyzers and spectrum analyzers, to meet diverse application needs[106]. - The company plans to strengthen its marketing efforts in major markets such as Europe and the United States while also expanding into emerging markets like India and Southeast Asia[147]. - The company is exploring potential acquisitions to bolster its technology portfolio, with a budget of 100 million allocated for this purpose[156]. Corporate Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures regarding external guarantees[9]. - The company has not experienced any significant risks that could impact the authenticity and completeness of the annual report[12]. - The company has not reported any special arrangements in corporate governance[9]. - The company has established a compensation and assessment committee to evaluate senior management based on performance metrics and innovation capabilities[188]. - The company adheres to regulatory rules and internal guidelines in its committee operations, ensuring diligent and responsible governance[164]. Financial Management and Shareholder Returns - The company plans to distribute a cash dividend of 5.10 RMB per 10 shares, totaling approximately 81.19 million RMB, which represents 72.42% of the net profit attributable to shareholders for the year 2024[6]. - The cumulative cash dividends over the last three accounting years amount to 311,954,721.41 RMB, with an average net profit of 136,048,078.74 RMB, resulting in a cash dividend ratio of 229.30%[179]. - The company has not proposed any capital reserve fund transfers or stock dividends during the reporting period[174]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 5.89 million RMB[158]. Risk Management - The company has outlined various risks it may face in its operations, detailed in the management discussion and analysis section[4]. - The company faces risks related to core technology personnel turnover, intellectual property disputes, and macroeconomic fluctuations[108][110][114]. - The company operates in over 80 countries, with potential impacts from geopolitical tensions and trade disputes on overseas sales growth[110]. Employee Management and Development - The company has created a clear career development path for all employees, enhancing motivation and reducing talent loss[170]. - The company has implemented a mentorship program for new employees and ongoing training for existing staff to enhance skills and management capabilities[172]. - The number of R&D personnel increased to 235, accounting for 45.72% of the total workforce[107]. - The average salary of R&D personnel rose to 33.94 thousand RMB, compared to 29.59 thousand RMB in the previous period[107].