Seeyon(SH:688369)2025-04-24 13:35Financial Performance - The company's operating revenue for 2024 was CNY 846.53 million, a decrease of 18.97% compared to 2023[20]. - The net profit attributable to shareholders for 2024 was a loss of CNY 235.87 million, compared to a loss of CNY 50.02 million in 2023[20]. - The basic earnings per share for 2024 was -CNY 2.05, down from -CNY 0.44 in 2023[21]. - The company's cash flow from operating activities for 2024 was -CNY 98.97 million, an improvement from -CNY 110.99 million in 2023[22]. - The company's total assets at the end of 2024 were CNY 1,609.92 million, a decrease of 14.86% from 2023[20]. - Research and development expenses for 2024 amounted to CNY 21.29 million, a decrease of 10.09% year-over-year[22]. - The gross profit margin decreased from 68.44% in 2023 to 64.22% in 2024 due to lower direct sales project efficiency[22]. - The weighted average return on equity for 2024 was -19.33%, a decrease of 15.81 percentage points from 2023[21]. - The proportion of R&D investment to operating revenue increased to 25.15%, up by 2.48 percentage points from the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -CNY 239.94 million for 2024[22]. Research and Development - The company has a strong emphasis on low-code platforms to reduce application development barriers and support digital transformation[12]. - The company’s R&D investment in AI applications and platforms is aimed at enhancing digital and intelligent operational management value for clients[31]. - R&D expenditure amounted to 212.88 million RMB, a decrease of 10.09% year-on-year, representing 25.15% of total revenue, an increase of 2.48 percentage points from the previous year[31]. - The company has not capitalized any R&D expenditures during the reporting period[92]. - The total number of intellectual property rights increased to 588, with 90 new approvals in the current year[91]. - The company applied for 10 new invention patents and received approval for 9 during the reporting period, bringing the total approved patents to 41[91]. Strategic Initiatives - The company is focused on developing its AI Collaborative Operating Platform (AI-COP) to enhance integrated collaborative operations[12]. - The company launched the one-stop enterprise AI service platform Zhihuiquan, integrating over 50 mainstream large models, supporting private deployment and Xinchuang adaptation[38]. - The company is focusing on the development of AI products and plans to launch the next-generation AI intelligent body product line CoMi in Q1 2025[38]. - The company has established strategic partnerships with DingTalk and Huawei to enhance its smart government platform capabilities[34]. - The company launched the "蜂巢计划 5.0-使能计划" to establish a diverse ecosystem of partnerships, enhancing collaborative operations and value creation[43]. Market Expansion - The company is expanding its market presence by integrating advanced technologies such as AI and big data analysis into its product offerings[94]. - The company plans to implement a "New Quality Plan" to enhance value for key customers and increase market share[152]. - The company will focus on Southeast Asia and the Middle East for overseas market expansion, establishing overseas delivery centers[152]. - The company aims to expand its market share in the real estate sector over the next three years[1]. - The company has established a strong overseas presence, serving over 300 international government and enterprise clients, and has formed strategic partnerships, including a collaboration with Huawei[62]. Corporate Governance - The company strictly adhered to information disclosure regulations, ensuring timely and accurate information for all shareholders[160]. - There were no significant differences in corporate governance compared to regulations set by the China Securities Regulatory Commission[160]. - The governance structure includes a strategic committee, compensation and assessment committee, nomination committee, and audit committee[158]. - The company has established a sound decision-making mechanism involving the shareholders' meeting, board of directors, supervisory board, and management[157]. - The company maintains a transparent insider information management system to prevent insider trading[160]. Future Outlook - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[2]. - The company is committed to continuous innovation and investment in AI technologies to meet the increasing demand for intelligent solutions across various sectors[58]. - The company aims to enhance government governance efficiency and support digital transformation through integrated intelligent office products, leveraging AI, big data, and cloud computing technologies[54]. - The company is committed to transforming from "product delivery" to "value co-creation" by 2025, focusing on customer-centric strategies[154]. Financial Policies - The company plans not to distribute profits for the 2024 fiscal year, including no cash dividends or stock bonuses, with retained earnings carried forward to the next year[5]. - The company has established a cash dividend policy that ensures reasonable returns to investors while maintaining long-term interests[192]. - The company’s profit distribution policy emphasizes cash dividends, with a minimum of 30% of average distributable profits over the last three years to be distributed in cash[194]. - The company’s cash dividend distribution is subject to the absence of significant investment plans or major capital expenditures exceeding 30% of total assets[194].