兆日科技(300333) - 2024 Q4 - 年度财报

Financial Performance - In 2024, the company achieved operating revenue of 128.04 million yuan, a year-on-year decrease of 11.41%[4] - The net profit attributable to shareholders was -48.12 million yuan, narrowing the loss by 29.83% compared to the previous year[4] - The company's operating revenue for 2024 was ¥128,040,549.36, a decrease of 11.41% compared to ¥144,537,519.38 in 2023[22] - The net profit attributable to shareholders for 2024 was -¥48,116,988.65, an improvement of 29.83% from -¥68,571,287.30 in 2023[22] - The company reported a basic earnings per share of -¥0.1432 for 2024, improving by 29.84% from -¥0.2041 in 2023[22] - The company’s weighted average return on equity improved to -7.88% in 2024 from -10.25% in 2023[22] - The company’s revenue from its own property leasing was ¥3,418,254.96 in 2024, compared to ¥2,648,685.72 in 2023[22] - The company’s total distributable profit based on the parent company’s financial statements was -299.58 million CNY, leading to no proposed cash dividend distribution[145] Expenses and Cost Management - Total expenses for sales, management, and R&D amounted to 77.83 million yuan, a decrease of 36.73% from 122.99 million yuan in 2023[6] - The proportion of expenses to operating revenue was 60.78%, indicating a high expense burden relative to income[6] - The company’s operating costs amounted to ¥5,509,640.00 in 2024, which is a reduction of 12.96% year-on-year[46] - The company’s sales expenses, management expenses, and R&D expenses totaled ¥7,782,670.00 in 2024, a decrease of 36.73% from ¥12,299,890.00 in 2023[46] - Research and development expenses decreased by 52.01% to 26,668,471.48 yuan due to a reduction in the number of R&D personnel[62] - The company reported a 36.25% decrease in management expenses, primarily due to last year's severance payments inflating costs[62] Cash Flow and Financial Position - The net cash flow from operating activities for 2024 was ¥5,191,405.61, a significant increase of 113.98% compared to -¥37,130,200.86 in 2023[22] - Operating cash inflow decreased by 14.26% to CNY 150,038,357.40 in 2024, while cash outflow decreased by 31.72% to CNY 144,846,951.79, resulting in a net cash flow from operating activities of CNY 5,191,405.61, a significant increase of 113.98%[65] - The company’s net profit for the period was -CNY 40,573,885.42, with significant adjustments made to reconcile it with operating cash flow[71] - The company’s total funds at the end of the period amounted to approximately CNY 263 million, with cash balances of about CNY 45 million and financial products totaling approximately CNY 81 million[69] Assets and Liabilities - The company maintains a strong asset quality with cash, financial products, and real estate valued at approximately 430 million yuan, constituting 70.71% of total assets[7] - The company's debt ratio is low at 3.06%, with no long-term liabilities reported[7] - The total assets at the end of 2024 were ¥608,457,939.46, down 8.16% from ¥662,544,575.10 at the end of 2023[22] - Cash and cash equivalents decreased to ¥45,122,178.56, making up 7.42% of total assets, down from 9.20% at the beginning of the year, attributed to cash dividends paid and investments in financial products[76] Technology and Innovation - The company is actively investing in the development of paper texture anti-counterfeiting technology, aiming to enhance its innovation capabilities in the banking digital transformation sector[7] - The company has developed a unique "PaperPrint Unclonable Technology" for anti-counterfeiting, leveraging the unique fiber texture of paper[33] - The company’s innovative paper texture anti-counterfeiting technology has filled a technological gap in the field and has been recognized with national-level awards[42] - The company is focusing on digital transformation in the banking sector, enhancing its "YinQitong" platform to support banks[31] Market and Sales Performance - The traditional electronic payment password system remains the primary revenue source, providing stable cash flow in the foreseeable future[7] - The company’s electronic payment password system remains a key product, contributing significantly to revenue despite potential margin pressures due to market saturation[34] - The revenue from the bill anti-counterfeiting industry was 109,786,323.41 yuan, a decrease of 12.02% compared to the previous year[50] - The electronic payment password device generated revenue of 109,267,485.55 yuan, down 12.16% year-on-year[51] - Sales in the northern region amounted to 67,302,942.41 yuan, reflecting a significant decline of 25.42% year-on-year[51] Corporate Governance - The company emphasizes information disclosure, adhering to regulations and ensuring timely and accurate reporting[107] - The company has established a transparent performance evaluation and incentive mechanism for its directors and senior management[105] - The company maintains independent operations in terms of assets, personnel, and financial management, ensuring no interference from the controlling shareholder[109] - The company has not provided guarantees for the controlling shareholder and has no instances of non-operational fund occupation by the controlling shareholder during the reporting period[102] - The company has a complete and independent business system, with clear ownership of assets and no arbitrary occupation or allocation by the controlling shareholder[109] Employee Management and Compensation - The total number of employees at the end of the reporting period is 183, with 80 in the parent company and 103 in major subsidiaries[138] - The company has established a competitive salary management system to attract and retain talent, ensuring internal fairness and linking employee income to company performance[139] - The company emphasizes employee training through various methods, including internal and external training, to enhance employee skills and corporate culture[140] - The company paid a total of 5.9283 million yuan in salaries to 11 directors, supervisors, and senior management for the year 2024[129] Risks and Challenges - The company faces risks related to technology commercialization, high expense ratios, and slowing demand in traditional business markets[9] - The company faces risks related to the industrialization of technology, high expense ratios impacting operating performance, and slowing demand in traditional business markets[93][94][95] Shareholder Information - The total number of shares is 336,000,000, with 334,780,067 shares (99.64%) being unrestricted and 1,219,933 shares (0.36%) being restricted[197] - The largest shareholder, Xinjiang Chaojun Equity Investment Co., Ltd., holds 14.18% of the shares, totaling 47,658,852 shares[200] - The total number of shareholders at the end of the reporting period is 73,464[200] - The company has not reported any pledged, marked, or frozen shares among the top 10 shareholders[200]