ZZNode(003007)2025-04-24 15:05Financial Performance - The company's operating revenue for 2024 was ¥417,761,363.75, a decrease of 4.19% compared to ¥436,033,742.99 in 2023 [6]. - The net profit attributable to shareholders for 2024 was ¥33,022,867.58, down 57.59% from ¥77,861,806.11 in 2023 [6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 72.10% to ¥25,036,726.05 in 2024 from ¥14,547,560.69 in 2023 [6]. - The cash flow from operating activities for 2024 was ¥18,158,169.94, an increase of 33.51% compared to ¥13,601,033.05 in 2023 [6]. - The total assets at the end of 2024 were ¥1,055,502,883.78, reflecting a growth of 2.98% from ¥1,024,945,541.35 at the end of 2023 [6]. - The company achieved a total revenue of CNY 417.76 million in 2024, a decrease of 4.19% compared to the previous year [73]. - The net profit attributable to shareholders was CNY 33.02 million, down 57.59% year-on-year, while the net profit after deducting non-recurring gains and losses increased by 72.10% to CNY 25.04 million [73]. - The gross margin for the telecommunications operator segment was 66.32%, a decrease of 1.94% compared to the previous year [80]. - The company's direct sales revenue decreased by 4.18% year-over-year, totaling 417,731.09 million [80]. Dividend Distribution - The company plans to distribute a cash dividend of 0.6487 RMB per 10 shares to all shareholders, based on a total of 10,182,000 shares [5]. - The company prioritizes cash dividends, with a minimum distribution of 20% of the distributable profit if there are no major investment plans or cash expenditures [197]. - In mature stages without major expenditures, cash dividends should constitute at least 80% of the profit distribution [198]. - In growth stages with significant expenditures, cash dividends should be at least 20% of the profit distribution [198]. - The company can propose stock dividends if the operating conditions are good and the stock price does not match the capital scale, subject to shareholder approval [200]. Risks and Challenges - The company acknowledges risks including customer concentration, seasonal performance fluctuations, intensified market competition, and potential underperformance of R&D investments [5]. - The company has a risk of large accounts receivable balances, which could impact liquidity [5]. - The company faces risks due to high customer concentration, particularly reliance on major telecom operators like China Mobile, which could adversely affect performance if market conditions change [131]. - The company acknowledges seasonal fluctuations in revenue, with the majority of income recognized in the fourth quarter, leading to potential losses in the first three quarters [132]. Research and Development - The company has maintained a proactive approach to R&D investment, aligning its product offerings with the evolution of OSS architecture and the demand for intelligent networks [38]. - The company launched an operation and maintenance large model platform during the reporting period, enhancing the AI capabilities of its products and solutions [42]. - The company is focusing on developing AI-driven operational support systems to enhance network management capabilities [94]. - The R&D investment amount in 2024 is approximately ¥163.71 million, a decrease of 2.31% from ¥167.59 million in 2023, while the proportion of R&D investment to operating revenue increased from 38.44% to 39.19% [98]. - The company has established a public R&D platform and launched the Zhizhen Operations Big Model Intelligent Management Platform to enhance product capabilities in network fault diagnosis and resource management [68]. Market Strategy and Expansion - The company is focusing on OSS software and services for telecom operators, adapting to the industry's shift towards cost reduction and efficiency [36]. - The company plans to enhance its market position by launching the Zhizhen Technology operation management platform and expanding into satellite internet network management [36]. - The company is actively developing new products and services in line with the "East Data West Computing" strategy to foster a second growth curve [36]. - The company is expanding its market presence by deepening existing markets and exploring new ones, particularly in satellite internet and computing services [65]. - The company aims to support automated and intelligent operations for telecom operators, building advanced technology and data foundations [124]. Corporate Governance - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations [146]. - The performance evaluation and incentive mechanisms for directors and senior management are transparent and linked to performance [149]. - The company has a designated board secretary responsible for information disclosure and investor communication [150]. - The company respects and protects the legitimate rights of stakeholders while striving for steady performance growth [151]. - The company has established an independent financial department with a complete accounting system and independent bank accounts, ensuring no shared accounts with other entities [153]. Employee and Management Structure - The total number of employees at the end of the reporting period was 836, with 575 in the parent company and 261 in major subsidiaries [189]. - Technical personnel accounted for 56.94% of the total workforce, down from 59.26% at the end of the previous year [192]. - The company has established a dynamic salary budget control system to align compensation with business growth [191]. - The total remuneration paid to directors, supervisors, and senior management for the year 2024 amounted to 5.0936 million yuan [175]. - The company is actively expanding its management team with professionals who have over 20 years of experience in the telecommunications market [163]. Financial Management - The company has implemented a robust procurement management system to ensure stable supplier relationships and effective procurement processes [61]. - The company plans to strengthen its funding management and explore various financing methods to support its investment projects and ensure smooth implementation [136]. - The company has established a management method for capitalizing research and development projects to ensure accuracy and completeness [101]. - The company reported a total investment loss of ¥6,101,064.40, accounting for 22.11% of total profit [107]. - The company's cash flow from operating activities showed a significant difference from net profit, with net profit reported at ¥28,583,229.17 [104].