Goldcard(SZ:300349)2025-04-24 14:51Financial Performance - The company's operating revenue for 2024 was ¥3,065,822,386.35, a decrease of 3.43% compared to ¥3,174,868,092.45 in 2023[24]. - The net profit attributable to shareholders for 2024 was ¥360,102,170.80, down 11.88% from ¥408,652,132.29 in 2023[24]. - The basic earnings per share for 2024 decreased to ¥0.87, a decline of 13.00% from ¥1.00 in 2023[24]. - The total assets at the end of 2024 were ¥7,274,975,247.13, reflecting a 0.80% increase from ¥7,217,257,049.58 at the end of 2023[24]. - The company reported a net cash flow from operating activities of ¥364,658,600.82 in 2024, down 14.82% from ¥428,085,783.10 in 2023[24]. - The weighted average return on equity for 2024 was 8.30%, down from 9.98% in 2023[24]. - The company achieved operating revenue of 3.066 billion RMB, a year-on-year decrease of 3.43%[61]. - The net profit attributable to shareholders was 360 million RMB, down 11.88% year-on-year[61]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 307 million RMB, a decline of 14.26% year-on-year[61]. - The company reported a total revenue of 1,410 million, with a fair value of 31.14 million[136]. Dividend and Shareholder Returns - The company reported a cash dividend of 5 RMB per 10 shares, based on a total of 415,592,713 shares[7]. - The company completed cash dividends of 207 million RMB, distributing 5 RMB per 10 shares, and repurchased 2.4651 million shares, accounting for 0.59% of total share capital[67]. - The total cash dividend, including other methods, amounts to RMB 238,174,765.50, representing 100% of the total profit distribution[185]. - The company plans to distribute a cash dividend of RMB 5.00 per 10 shares, totaling RMB 207,796,356.50 for the current fiscal year[185]. Research and Development - The company invested 220 million CNY in R&D, representing 7.3% of its revenue, maintaining a leading position in the industry[86]. - The total number of R&D personnel increased by 5.14% to 695, while the proportion of R&D personnel decreased to 29.83%[118]. - R&D expenditure amounted to ¥223,806,115.68, representing 7.30% of operating revenue, an increase from 6.97% in the previous year[118]. - The company has developed a comprehensive gas safety monitoring system that integrates real-time data collection and analysis, significantly reducing accident rates[117]. - The company is focusing on the development of vertical industry models using AI technologies to enhance its service offerings and operational efficiency[117]. Market and Business Strategy - The company aims to expand its market presence and enhance brand influence through improved service reliability and security[5]. - The sales strategy combines direct sales and channel partnerships, establishing a comprehensive marketing network across major cities in China and expanding into international markets[59]. - The company is actively pursuing strategic partnerships and acquisitions to strengthen its market position and drive growth[68]. - The company is expanding its overseas business, completing certifications for multiple key products and responding to local policies[64]. - The company aims to leverage IoT solutions to enhance market share in digital gas, water, energy, and process markets by developing integrated hardware and software solutions[144]. Technological Advancements - The company emphasizes ongoing investment in hardware and software development to enhance the IoT system's processing capabilities and information security[5]. - The company has established a comprehensive IoT platform capable of managing over 100 million devices, integrating various applications across digital water, gas, energy, and process sectors[44]. - The digital gas solution incorporates AI, IoT, and big data technologies to enhance safety and operational efficiency, with a focus on smart service and management for urban gas supply[48]. - The company has developed a range of advanced metering technologies, including ultrasonic and electromagnetic water meters, to achieve precise measurement and intelligent management in both commercial and residential scenarios[39]. - The company is focusing on building an industry data asset management platform to improve data resource standardization and management functions[116]. Risk Management - The management discussed potential risks related to technology development and information systems, highlighting the importance of risk awareness among investors[4]. - The company has outlined its future development outlook, which includes addressing potential operational risks and implementing countermeasures[4]. - The company anticipates risks from the real estate sector downturn, which may affect product demand, but sees potential growth in gas adoption and digital services[153]. - The company faces risks from intensified competition in the IoT sector, which may lead to price fluctuations, and plans to enhance R&D to maintain competitive advantages[154]. Corporate Governance - The company has established a sound corporate governance structure in compliance with relevant laws and regulations, with no unresolved governance issues[159]. - The company maintains independence from its controlling shareholder in business, personnel, asset, and financial aspects[160][161]. - The company has a complete R&D, procurement, production, and sales system, not relying on the controlling shareholder[160]. - The company has disclosed a "Quality and Return Dual Improvement" action plan[157]. - The company has implemented a stock incentive plan, with discussions on the performance conditions for the second vesting period[177]. Employee and Management Structure - The company employed a total of 2,326 staff members at the end of the reporting period, including 354 in the parent company and 1,972 in major subsidiaries[179]. - The professional composition of employees includes 693 production personnel, 611 sales personnel, 695 technical personnel, 47 financial personnel, and 280 administrative personnel[179]. - The current management team includes experienced professionals with backgrounds in finance, engineering, and management, enhancing the company's operational capabilities[167]. - The company plans to appoint new independent directors and committee members effective January 9, 2025, as part of its governance renewal strategy[166]. - The total pre-tax remuneration for the company's directors, supervisors, and senior management during their term in 2024 is 8.0424 million yuan[171].