金马游乐(300756) - 2024 Q4 - 年度财报

Financial Performance - The company reported a significant decline in overall revenue and product gross margin due to market fluctuations and the need for new market expansion, primarily delivering small and medium-sized machinery products[5]. - The company's operating revenue for 2024 was ¥576,868,212.49, a decrease of 21.88% compared to ¥738,455,355.95 in 2023[22]. - The net profit attributable to shareholders for 2024 was ¥7,353,245.04, down 84.07% from ¥46,164,835.39 in 2023[22]. - The net profit after deducting non-recurring gains and losses for 2024 was ¥874,112.14, a decrease of 97.38% from ¥33,373,517.61 in 2023[22]. - The company reported a basic earnings per share of ¥0.05 for 2024, a decline of 83.87% from ¥0.31 in 2023[22]. - The domestic market revenue decreased by 30.22% to CNY 505.62 million, while overseas revenue surged to CNY 71.25 million[71]. - The amusement equipment manufacturing business generated revenue of ¥522,027,870.36, a decrease of 27.34% year-over-year, with a gross margin of 31.13%[73]. - The amusement investment operation business saw revenue increase by 174.31% to ¥54,840,342.13, with a gross margin of 29.82%[73]. Cash Flow and Investments - The net cash flow from operating activities increased significantly by 654.68% to ¥154,988,100.89 in 2024, compared to ¥20,536,950.39 in 2023[22]. - Operating cash inflow increased by 37.00% to ¥776,580,398.73 in 2024 compared to ¥566,840,354.18 in 2023[87]. - Total cash and cash equivalents increased by 528.06% to ¥117,966,861.90 in 2024[87]. - The net cash flow from investment activities improved by 75.21% to -¥66,644,966.15 in 2024, reflecting better cash management[87]. - The company raised a total of RMB 53,860.00 million from its initial public offering, with a net amount of RMB 45,044.00 million after deducting issuance costs[97]. Market Expansion and Strategy - New orders in both domestic and international markets increased significantly year-on-year, contributing to a notable rise in product and project receivables, laying a solid foundation for long-term high-quality development[5]. - The company is actively expanding into international markets, including developed countries in Europe and North America, as well as emerging markets in Southeast Asia, the Middle East, and Africa, leveraging its technological advancements[50]. - The company is focusing on upgrading products and services to meet the demand for high-quality and specialized tourism offerings[32]. - The company plans to maintain and enhance its technological leadership in amusement equipment manufacturing, aiming for import substitution and international market expansion[110]. - The company aims to capture opportunities in both domestic and international markets, focusing on customer needs and market demand[113]. Technological Innovation and R&D - The company has achieved important breakthroughs in leading technological innovation, high-quality project delivery, and market expansion[5]. - The company has established a comprehensive product matrix with 13 categories of large amusement facilities and 8 series of virtual immersive amusement projects, achieving domestic leadership and international advanced levels in core technology[38]. - The company holds 231 valid patents, including 65 invention patents, and has established several technology innovation platforms, ensuring its competitive edge in the industry[54]. - New product development initiatives are underway, with an investment of 50 million RMB allocated for R&D in innovative amusement equipment[160]. - R&D investment amounted to ¥27,057,999.97 in 2024, a decrease of 8.00% from ¥29,396,298.77 in 2023[85]. Risk Management - The company acknowledges potential risks and has described its risk management measures in the report[7]. - The company emphasizes effective risk management and safeguarding its rights while promoting management transformation to enhance efficiency[5]. - The company is exposed to accounts receivable risks due to long production cycles and uncertain payment timelines, which may lead to increased bad debt provisions[121]. - The company has implemented a robust customer credit management system to mitigate accounts receivable risks and improve contract quality[122]. - Increased market competition is a risk, with potential impacts on gross margin and new orders; the company plans to enhance product quality and innovate to maintain a competitive edge[120]. Corporate Governance - The company held 1 extraordinary general meeting and 1 annual general meeting during the reporting period, ensuring equal treatment of all shareholders[130]. - The board of directors consists of 5 members, including 2 independent directors, and held 6 meetings during the reporting period[132]. - The company maintains an independent business system, ensuring no interference from the controlling shareholder in its operations[131]. - The company has established a fair and transparent performance evaluation and incentive mechanism for its non-independent directors and senior management, enhancing management efficiency and promoting long-term stable development[135]. - The company has a fully independent financial accounting system and does not share bank accounts with its controlling shareholders or their controlled enterprises[142]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities, adhering to relevant environmental laws and standards[197]. - The company obtained the national pollutant discharge permit from the Zhongshan Ecological Environment Bureau, valid from April 11, 2022, to April 10, 2027[198]. - The company has established partnerships with local governments to promote cultural tourism, enhancing community engagement and brand visibility[162]. - The company’s wastewater treatment includes production wastewater primarily from quenching, treated by a third-party facility[200]. - Domestic sewage is pre-treated in a three-chamber septic tank before being processed in the company's self-built underground sewage treatment facility[200].