Longertek(SZ:300594)2025-04-23 13:30Financial Performance - The company's operating revenue for 2024 was approximately ¥880.97 million, a decrease of 2.35% compared to ¥902.20 million in 2023[18]. - The net profit attributable to shareholders for 2024 was a loss of approximately ¥76.41 million, representing a significant decline of 2,309.28% from a loss of ¥3.17 million in 2023[18]. - The cash flow from operating activities for 2024 was a negative ¥101.73 million, which is a 33.00% increase in loss compared to a negative ¥76.49 million in 2023[18]. - The company's net assets attributable to shareholders decreased by 9.19% to approximately ¥839.84 million at the end of 2024, down from ¥924.83 million at the end of 2023[18]. - The basic and diluted earnings per share for 2024 were both reported at -¥0.83, a decrease of 2,666.67% from -¥0.03 in 2023[18]. - The company achieved a revenue of 88,097.13 million yuan, a year-on-year decrease of 2.35%, with a net profit attributable to shareholders of -7,640.60 million yuan, a decrease of 2,309.30 million yuan year-on-year[91]. Revenue Breakdown - Revenue from rail transit vehicle air conditioning and services increased by 14.18% to ¥583.95 million, accounting for 66.29% of total revenue[114]. - Revenue from new energy and intelligent thermal management products decreased by 33.88% to ¥182.18 million, representing 20.68% of total revenue[114]. - The gross profit margin for the transportation equipment sector was 20.42%, a decrease of 2.66% from the previous year[115]. - Sales volume of rail transit vehicle air conditioning increased by 18.59% to 4,248 units, while production volume rose by 18.32% to 4,314 units[117]. Market and Industry Trends - The company is actively expanding its sales channels and accumulating overseas project reserves, resulting in an increase in the order backlog[5]. - The rail transportation industry is supported by national policies, emphasizing the construction of a modern comprehensive transportation system[28]. - The market for operation and maintenance services is expected to grow significantly due to the increasing number of rail vehicles and the need for maintenance as they enter repair periods[31]. - The company is expected to benefit from the government's push for electric public transport and the replacement of old agricultural machinery, which will further stimulate the NEV market[35]. Research and Development - The company has a dedicated R&D center with over 200 specialized personnel, ensuring continuous innovation and product development in energy-efficient technologies[81]. - R&D investment amounted to ¥61,231,973.64, representing 6.95% of operating revenue, up from 6.43% in the previous year[128]. - The company is increasing its investment in R&D to maintain its competitive edge in technology and product quality amid rising market competition[156]. - The company is committed to enhancing its core competitiveness through continuous technological innovation and expanding its market share in niche segments[103]. Operational Challenges - The company faced challenges including declining gross margins in some product segments and slow customer payments, leading to increased credit impairment losses totaling ¥34.36 million for the year[5]. - The company has acknowledged uncertainties regarding its ability to continue as a going concern due to negative net profits in recent years[18]. - The company is monitoring raw material price fluctuations, which significantly impact production costs, and is implementing strategies to mitigate these risks[160]. Governance and Management - The company maintains complete independence from its controlling shareholders in terms of assets, personnel, finance, and operations, ensuring a fully independent business system[175]. - The company has established internal management structures that are completely separate from its controlling shareholders, ensuring no mixed operations[178]. - The company is committed to protecting its intellectual property and enhancing internal management to prevent technology leaks[162]. - The company has a governance structure that includes a board of directors and management team with specific roles and responsibilities[184]. Future Plans and Strategies - The company aims to enhance its brand influence in high-end refrigeration and energy-saving equipment while maintaining its competitive edge in the rail sector[27]. - The company plans to continue exploring new business segments to achieve sustainable development through ongoing technological innovation and product upgrades[27]. - The company will continue to invest in R&D, particularly in high-speed rail, urban rail transit, new energy vehicles, digital energy, and heat pump drying technologies, to drive innovation and maintain competitive advantages[146]. - The company plans to improve its digital infrastructure by integrating APS, MES, and ERP systems for better production management and customer satisfaction[152].