世嘉科技(002796) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was ¥959,514,901.87, a decrease of 8.44% compared to ¥1,048,007,534.50 in 2023[22]. - The net profit attributable to shareholders for 2024 was ¥92,123,324.94, a significant increase of 727.14% from a loss of ¥14,689,489.27 in 2023[22]. - The net cash flow from operating activities for 2024 was -¥6,669,230.14, a decline of 107.93% compared to ¥84,101,477.62 in 2023[22]. - The basic earnings per share for 2024 was ¥0.37, up 716.67% from -¥0.06 in 2023[22]. - The company's total assets at the end of 2024 were ¥1,461,612,626.40, a slight decrease of 0.02% from ¥1,461,832,418.93 at the end of 2023[22]. - The net assets attributable to shareholders increased by 5.95% to ¥904,603,820.96 at the end of 2024, compared to ¥853,825,710.55 at the end of 2023[22]. - The company's revenue after deducting unrelated income was ¥933,277,894.07 for 2024, compared to ¥1,025,086,427.08 in 2023[24]. - The government subsidies recognized in 2024 amounted to ¥1,481,892.12, compared to ¥715,110.00 in 2023[31]. - The company's total capital expenditure of the three major telecom operators and China Tower Corporation was ¥350.81 billion, a decrease of 8.81% year-on-year[34]. - The company reported a significant decrease in total investment from ¥88,474,473.84 in the previous year to ¥59,080,147.20, a decline of 33.22%[97]. Market Expansion and Strategy - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[17]. - Market expansion efforts include entering two new international markets, aiming for a 20% increase in overseas sales[17]. - The company is actively expanding into the energy storage, medical, semiconductor equipment, and new energy vehicle components sectors to diversify its main customer base and product offerings[38]. - The company is exploring potential mergers and acquisitions to enhance its market position, with a focus on complementary technology firms[17]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2024[160]. Research and Development - The company is investing in R&D for new technologies, with an allocation of 10 million RMB for the development of advanced communication equipment[17]. - R&D expenses for new filter and antenna products amounted to CNY 51.473 million, accounting for 5.36% of operating revenue, indicating a strong commitment to technology innovation[53]. - Research and development investments have increased by 30%, focusing on innovative technologies in the electronics sector[161]. - The company has established R&D centers for both precision box systems and mobile communication equipment, focusing on 4G and 5G product development[53]. Operational Efficiency and Cost Management - The company aims to reduce production costs by optimizing supplier management and investing in new intelligent equipment and production lines, with a focus on cost reduction and efficiency improvement[48]. - The company plans to optimize resource allocation, focus on profitable products, and reduce low-profit or loss-making products[48]. - The company is enhancing its supply chain efficiency, aiming for a 15% reduction in operational costs by 2025[158]. - The company has established a complete industrial chain in metal processing manufacturing, enhancing production efficiency and reducing costs[49]. Risk Management - The company has identified potential risks, including supply chain disruptions, and is implementing measures to mitigate these risks[3]. - The company faces risks from fluctuations in raw material prices, including stainless steel, carbon steel, and aluminum, which may adversely affect operating performance if prices remain high and product pricing adjustments are delayed[120]. - The company is addressing customer concentration risks by actively seeking new clients and markets to diversify its revenue sources[119]. - The company faces risks from the slowdown in macro base station construction and increased competition in the telecommunications industry[116]. Corporate Governance and Compliance - The company's financial report has been verified for accuracy by the board and accounting personnel, ensuring compliance with regulatory standards[3]. - The company has a well-defined financial management system, with independent bank accounts and no interference from shareholders in fund usage[141]. - The company has established specialized functional departments in procurement, production, sales, and technology research and development, all operating independently[143]. - The company has established an effective internal control system, with no significant deficiencies identified in financial reporting as of December 31, 2024[190]. Employee Management and Incentives - The total number of employees at the end of the reporting period was 2,075, with 891 in the parent company and 1,184 in major subsidiaries[172]. - The company has a structured training plan to enhance employee skills and align with its development strategy[175]. - The company has implemented a stock incentive plan to motivate employees and align their interests with those of shareholders[179]. - The performance evaluation for incentive recipients is categorized into five levels (S/A/B/C/D), with a 100% release ratio for S/A/B ratings[186]. Environmental Responsibility - The company has passed the ISO 14001:2015 environmental management system certification, demonstrating its commitment to environmental protection[199]. - The company emphasizes environmental protection as a key aspect of its social responsibility[199]. - The company has established procedures for environmental monitoring and waste management, ensuring compliance with national environmental standards[199].