SLIE(SZ:300543)2025-04-24 14:05Financial Performance - The company's operating revenue for 2024 was ¥1,622,839,167.08, representing a 21.67% increase compared to ¥1,333,804,015.38 in 2023[21]. - The net profit attributable to shareholders for 2024 was ¥51,706,423.16, a 29.20% increase from ¥40,019,096.01 in 2023[21]. - The net profit after deducting non-recurring gains and losses was ¥45,756,022.60, up 28.47% from ¥35,615,642.91 in 2023[21]. - The company's cash flow from operating activities showed a significant decline, with a net cash outflow of ¥3,872,200.53 in 2024 compared to a net inflow of ¥224,194,798.34 in 2023, marking a 101.73% decrease[21]. - The total assets at the end of 2024 were ¥2,187,874,982.58, reflecting a 6.66% increase from ¥2,051,269,826.73 at the end of 2023[21]. - The weighted average return on equity for 2024 was 4.60%, an increase of 0.96% from 3.64% in 2023[21]. - The company reported a basic earnings per share of ¥0.19 for 2024, which is a 26.67% increase from ¥0.15 in 2023[21]. - The total operating cost for 2024 was 1,325,148,264.00 CNY, with smart controllers accounting for 58.82% of this cost, up from 55.05% in 2023[62]. Dividend Distribution - The company plans to distribute a cash dividend of 1 RMB per 10 shares to all shareholders, based on a total of 306,371,334 shares[7]. - A total of 13,406,368.6 RMB will be distributed as cash dividends, amounting to 0.5 RMB per 10 shares for the fiscal year 2023[151]. - The company plans to distribute a cash dividend of RMB 30,637,133.40, which is 1 RMB per 10 shares, for a total of 306,371,334 shares[153]. - The total cash dividend represents 100% of the distributable profit of RMB 567,671,090.52 for the reporting period[153]. Research and Development - The company emphasizes the importance of enhancing research and development capabilities to maintain market share[5]. - The company's R&D expenses totaled ¥92,214,600, accounting for 5.68% of operating revenue, with a 11.92% increase in the number of patents compared to the previous year[44]. - The company has obtained a total of 291 patents, including 28 invention patents, 205 utility model patents, and 53 design patents as of December 31, 2024[46]. - The company has reduced its R&D personnel from 368 in 2023 to 348 in 2024, a decrease of 5.43%[68]. - The R&D expenditure as a percentage of operating revenue is 5.68% for 2024, down from 7.02% in 2023[68]. Market and Competition - Increased competition in the industry is anticipated due to the rising level of intelligence in end products, necessitating continuous technological innovation and efficiency improvements[5]. - The smart controller industry is experiencing growth, with increasing demand for intelligent and portable products driving innovation and market expansion[30]. - The company is positioned to benefit from the ongoing transition from electronic to intelligent products, with opportunities arising from advancements in AI and IoT technologies[31]. - The company has established a new automotive electronics division and a smart pet business subsidiary to expand into emerging markets[37]. Operational Efficiency - The company adopts a "sales-driven production" model, customizing production based on specific customer orders[40]. - The production management system focuses on improving efficiency and reducing costs through smart manufacturing and lean production practices[53]. - The company has invested in advanced testing systems to enhance product quality and maintain competitive advantages in the market[51]. - The company has established a robust quality control system, adhering to international standards and obtaining multiple certifications, including ISO9001 and IATF 16949:2016[50]. Corporate Governance - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations, ensuring no unauthorized occupation of funds or assets[118]. - The company has a fully independent financial department with a standardized accounting system, and it operates separate bank accounts from its controlling shareholders[123]. - The company has established a complete performance evaluation system and compensation mechanism to enhance the alignment of employee incentives with corporate development strategies[115]. - The board of directors consists of seven members, including three independent directors, and has been actively involved in decision-making and training[110]. Investment and Fund Management - The company raised a total of 380 million CNY through the issuance of convertible bonds, with a net amount of 372.9 million CNY after expenses[89]. - The company is currently in the construction phase of multiple projects, including the Hefei industrial base and the Vietnam industrial park[91]. - The company has committed to using the raised funds for specific projects, with progress being monitored and reported[90]. - The company is exploring the application of inertial navigation technology in civilian fields, although the feasibility of the project has changed due to market conditions[96]. Environmental and Social Responsibility - The company emphasizes environmental protection and sustainable development, implementing energy-saving measures and improving production efficiency to reduce carbon emissions[162]. - The company adheres to labor laws, ensuring timely payment of salaries and providing social insurance and housing funds for employees[163]. - The company has established a comprehensive employee welfare system, including health check-ups and holiday benefits[164]. - There were no significant environmental penalties reported during the reporting period, indicating compliance with environmental regulations[162]. Risks and Challenges - The company faces risks from global macroeconomic fluctuations that could negatively impact market demand in downstream industries[4]. - The company has significant foreign trade exposure, with exports primarily settled in USD and HKD, making it susceptible to trade policy changes and exchange rate fluctuations[6]. - The company faces risks related to not meeting market demands for new technologies and products, and the need to improve operational management capabilities as it scales[179].