SBS(SZ:300293)2025-04-24 14:00Financial Performance - The net profit attributable to shareholders remained relatively stable year-on-year during the reporting period[3]. - The company's operating revenue for 2024 was ¥1,362,282,623.94, a decrease of 5.51% compared to ¥1,441,781,062.65 in 2023[20]. - The net profit attributable to shareholders for 2024 was -¥21,758,949.18, a decline of 3.71% from -¥20,981,074.89 in 2023[20]. - The net cash flow from operating activities increased significantly to ¥94,841,933.81, a rise of 10,439.03% compared to ¥899,911.64 in 2023[20]. - The total assets at the end of 2024 were ¥1,875,328,576.40, down 10.64% from ¥2,098,582,996.66 at the end of 2023[20]. - The net assets attributable to shareholders decreased by 6.93% to ¥852,982,426.43 at the end of 2024 from ¥916,473,387.17 at the end of 2023[20]. - The company reported a basic earnings per share of -¥0.06 for 2024, unchanged from -¥0.06 in 2023[20]. - The total revenue for 2024 was ¥1,362,282,623.94, representing a decrease of 5.51% compared to ¥1,441,781,062.65 in 2023[74]. - The industrial cleaning systems and surface treatment segment generated ¥1,263,930,365.93, accounting for 92.78% of total revenue, with a year-on-year decline of 5.09%[74]. - The overseas revenue increased by 1.60% to ¥1,251,859,157.49, while domestic revenue decreased by 47.33% to ¥110,423,466.45[75]. Research and Development - The company emphasizes the importance of continuous R&D investment to strengthen its core competitiveness and technological innovation[5]. - The company maintains a reasonable R&D structure, keeping pace with international technological advancements to sustain core competitiveness[6]. - The company has over 300 domestic and international patents and operates four competitive R&D centers in Germany, Switzerland, and China, focusing on various cleaning technologies[59]. - The precision cleaning business is a global leader, particularly in the medical and high-precision optical equipment sectors, holding a dominant market position in Europe[59]. - The company is developing a new generation of modular technology for high-purity cleaning applications, expected to be completed by early 2026[83]. - The Performance Line ultrasonic precision cleaning machine project aims to achieve industry-leading cleanliness levels and high cleaning efficiency[83]. - The company has completed the development of a hydrogen production device with a capacity range of 0.5MW to 12MW, targeting applications in wind farms, solar power plants, and hydrogen stations, with a market demand growth of 54.67% expected by 2026[84]. - The ultrasonic cleaning technology for medical devices has gained user recognition and is now a key business area for the company, contributing to its growth strategy[84]. - The company has achieved a completion rate of 75.63% for a chip-based monitoring analysis tool for ultrasonic cleaning machines, with an expected completion in 2025, enhancing the reliability of cleaning processes[84]. - The company has successfully developed a high-precision all-steel tire forming machine, completing the project with six invention patents and five utility model patents granted[84]. Market Trends and Strategies - The global smart manufacturing market is projected to grow from $88.7 billion in 2021 to $228.2 billion by 2027, with a compound annual growth rate of 18.5%[29]. - The company is committed to expanding its global presence and exploring new markets while deepening existing market penetration[5]. - The company operates production bases and R&D centers in the US, Germany, France, and Switzerland, aligning with global smart manufacturing trends[30]. - The US "re-industrialization" plan aims to encourage innovation and reshape the industrial landscape, impacting the smart manufacturing sector positively[31]. - The company is committed to high-end, precision manufacturing, supported by national policies promoting advanced manufacturing[29]. - Germany's "Industry 4.0" plan aims to enhance manufacturing through distributed, modular industrial units, focusing on smart manufacturing and digital transformation to maintain global leadership[32]. - Japan's "Robot New Strategy" established in 2015 sets three core goals: becoming a global innovation hub for robotics, leading in robot applications, and entering a new era of robotics[34]. - The "Made in China 2025" strategy emphasizes innovation, quality, green development, structural optimization, and talent cultivation to transform China into a manufacturing powerhouse by 2045[37]. - The "14th Five-Year Plan for Intelligent Manufacturing" targets 70% of large manufacturing enterprises to achieve digital networking, with over 500 smart manufacturing demonstration factories established by 2025[42]. Operational Efficiency and Management - The company continues to focus on its core business, optimizing internal management to enhance operational quality and efficiency[3]. - The company emphasizes cash flow management and strict budget control, ensuring sufficient liquidity for business development and mitigating risks[64]. - The company has established a robust asset management system for its overseas investments to ensure effective oversight and performance evaluation[91]. - The company has implemented a performance evaluation system that links employee assessments to compensation and incentives[159]. - The company has established a comprehensive training program aimed at enhancing employee skills and aligning them with corporate values[155]. - The company has established a risk control management framework that includes pre-assessment, supervision during execution, and post-evaluation[159]. - The company has implemented measures to ensure that no unfair benefits are provided to other entities or individuals, safeguarding its interests[177]. Governance and Compliance - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, ensuring effective decision-making processes[128]. - The company operates independently from its controlling shareholders in terms of assets, personnel, finance, and business operations, ensuring complete operational autonomy[129]. - The company has a performance-based remuneration system for its directors and senior management[142]. - The company has established an independent financial department and accounting system, ensuring financial decisions are made autonomously[175]. - The company has committed to maintaining the legal rights of all shareholders through effective governance practices[148]. - The company has not reported any changes in the shareholding of its directors and senior management during the reporting period[133]. - The company has not engaged in any significant environmental violations or received administrative penalties related to environmental issues[167]. Risks and Challenges - The company acknowledges potential risks related to macroeconomic adjustments and market competition, along with corresponding countermeasures[5][7]. - The company acknowledges the risk of macroeconomic fluctuations affecting its industrial cleaning and intelligent equipment manufacturing sectors, emphasizing continuous R&D investment to maintain competitive advantages[120]. - The company faces intensified market competition in the automation sector and is committed to leveraging its market experience and strategic investments to enhance its competitive position[122]. - The company has not identified any significant internal control deficiencies during the reporting period[161]. Future Outlook - The company plans to not distribute cash dividends or issue bonus shares[9]. - The company plans to continue its strategic focus on "technological entrepreneurship, capital expansion, and international cooperation" through 2025, leveraging national policies and regional advantages to explore new products and markets[105]. - The company aims to enhance its sustainable development capabilities and achieve steady growth through a combination of organic growth and external mergers and acquisitions, maximizing shareholder value[106]. - The company will increase R&D investment to enhance innovation capabilities, focusing on smart manufacturing and green manufacturing to align with national development goals[115]. - In 2025, the company aims to improve its cash flow and profitability through comprehensive budgeting and performance evaluation mechanisms, despite overall market pressures[118].