Streamax(SZ:002970)2025-04-24 14:00Financial Performance - The company reported a stable revenue growth of 15% year-on-year, reaching a total revenue of 1.2 billion RMB in 2024 [19]. - The company projects a revenue guidance of 1.5 billion RMB for 2025, representing a growth of 25% compared to 2024 [19]. - The company's operating revenue for 2024 reached ¥2,777,454,901.94, representing a 63.45% increase compared to ¥1,699,251,300.43 in 2023 [25]. - The net profit attributable to shareholders for 2024 was ¥290,023,860.42, a significant increase of 184.50% from ¥101,940,775.89 in 2023 [25]. - The basic earnings per share for 2024 was ¥1.66, up 181.36% from ¥0.59 in 2023 [25]. - The total assets at the end of 2024 amounted to ¥3,041,484,018.21, reflecting a 30.65% increase from ¥2,328,033,615.28 at the end of 2023 [25]. - The company reported a net cash flow from operating activities of ¥421,490,996.58 for 2024, which is a 32.69% increase compared to ¥317,651,756.76 in 2023 [25]. - The net profit after deducting non-recurring gains and losses for 2024 was ¥269,865,142.82, a 194.33% increase from ¥91,687,173.94 in 2023 [25]. - The weighted average return on equity for 2024 was 18.80%, up from 7.46% in 2023, indicating improved profitability [25]. - In 2024, the company achieved total revenue of CNY 2.777 billion, a year-on-year increase of 63.45%, and a net profit of CNY 290 million, up 184.50% [77]. Market Expansion and Strategy - The company is expanding its international business, which involves foreign currency settlements, exposing it to exchange rate fluctuations that may impact financial performance [6]. - Market expansion plans include entering the European market, targeting a 10% market share within the next two years [19]. - The company aims to deepen its overseas market presence, targeting over 100 countries, with a focus on the European commercial vehicle market [121]. - The company plans to strengthen its global marketing network and accelerate penetration into overseas markets, particularly in Europe and Southeast Asia, to drive rapid growth in the commercial vehicle sector [61]. - The company is exploring potential mergers and acquisitions to enhance its market position and expand its product offerings [128]. - The company is actively engaging with institutional and individual investors to discuss market conditions and financial data throughout 2024 [126]. Product Development and Innovation - The company is developing SafeGPT, an enterprise-level traffic safety intelligent analysis platform utilizing deep learning and causal reasoning algorithms [14]. - New product launches include the advanced AVM system, which enhances vehicle safety by providing a 360-degree view [18]. - The company is investing in AIoT technologies to improve vehicle management efficiency, aiming for a 30% reduction in operational costs [18]. - The company is focusing on innovative products such as intelligent vehicle-mounted terminals and AI algorithm platforms to enhance safety and compliance in the commercial vehicle industry [34]. - The company has developed a comprehensive product system and business structure, serving various sectors such as freight logistics and public transportation, leveraging AI technology for sustainable growth [38]. - The company is focusing on technological advancements and innovation to drive future growth [149]. Talent and Human Resources - There is a growing demand for high-quality technical, management, and sales talent, which could affect the company's sustainable development if not adequately addressed [6]. - The company plans to strengthen talent acquisition and training to build a high-quality, innovative workforce [123]. - The company has established a training program through the "Rui Ming Academy" to enhance employee capabilities and support global development strategies [178]. - The company emphasizes a talent-first strategy, optimizing its compensation system to attract and retain talent, including fixed salaries and both short-term and long-term incentives [177]. Corporate Governance and Compliance - The company emphasizes compliance with information disclosure regulations, ensuring timely and equal access to significant information for all stakeholders [138]. - The company has established a comprehensive performance evaluation system and compensation scheme for senior management [137]. - The governance structure of the company aligns with legal and regulatory requirements, ensuring no significant discrepancies [140]. - The company is actively enhancing its corporate governance structure in accordance with relevant laws and regulations [133]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements [135]. Risk Management - The company acknowledges the risks associated with international environmental uncertainties that may affect market demand and operational risks [6]. - The company has implemented measures to manage risks associated with foreign exchange hedging, including strict adherence to operational norms and real-time market analysis [108]. - The company plans to enhance its foreign exchange risk management by closely monitoring international market conditions [108]. Financial Policies and Shareholder Engagement - The company plans to distribute a cash dividend of 7 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued [6]. - The proposed cash dividend distribution is RMB 7 per 10 shares (including tax), with an estimated total cash dividend of RMB 123,619,013.70 for the fiscal year 2024 [187]. - The company has a stable profit distribution policy, ensuring that the decision-making process is transparent and protects the rights of minority shareholders [182]. - The company plans to conduct a cash dividend distribution after the annual shareholders' meeting, with specific conditions and limits set for mid-year dividends [181]. - The company held 4 shareholder meetings during the reporting period, reviewing 33 proposals [134].