SIE(300687)2025-04-24 15:40Financial Performance - The company's operating revenue for 2024 was CNY 2,395,451,665.47, representing a 6.27% increase compared to CNY 2,254,023,152.31 in 2023[17]. - The net profit attributable to shareholders decreased by 45.21% to CNY 139,378,011.21 in 2024 from CNY 254,403,464.63 in 2023[17]. - The net profit after deducting non-recurring gains and losses was CNY 110,306,029.48, down 40.66% from CNY 185,897,866.47 in the previous year[17]. - The net cash flow from operating activities plummeted by 99.32% to CNY 888,146.00, compared to CNY 129,961,311.49 in 2023[17]. - Basic earnings per share decreased by 45.40% to CNY 0.3433 from CNY 0.6288 in the previous year[17]. - Total assets increased by 9.08% to CNY 4,087,155,080.81 at the end of 2024, up from CNY 3,747,083,666.08 at the end of 2023[17]. - The net assets attributable to shareholders slightly increased by 0.54% to CNY 2,669,614,341.06 at the end of 2024[17]. - The weighted average return on equity decreased to 5.24% in 2024 from 10.07% in 2023, a decline of 4.83%[17]. - The gross profit margin for the software service industry was 30.46%, a decrease of 5.10% from the previous year[111]. - The total operating costs for 2024 were ¥1,665,850,263.77, an increase of 14.68% from ¥1,452,584,331.51 in 2023[113]. Revenue and Market Growth - Total revenue for Q4 2023 reached ¥690,285,220.38, marking a significant increase from Q3 2023's ¥634,246,227.05[19]. - Revenue from the intelligent manufacturing segment increased by 19.33% to 990.2528 million yuan, contributing to 41.34% of total revenue[95]. - The revenue from agency distribution surged by 72.32% to ¥165,500,985.36, reflecting a strong growth in this segment[109]. - The company plans to leverage government support for the digital economy to explore broader development opportunities in the software industry[107]. - The company anticipates gradual global economic recovery in 2025, driven by accelerated digital transformation and emerging technologies like artificial intelligence[107]. Technological Innovation and Development - The company is focusing on technological innovation and digital transformation as key strategies for high-quality development[27]. - The company has transitioned from an ERP service provider to an industrial software practitioner, focusing on digital transformation for large and medium-sized enterprises[41]. - The company has established an AI middle platform to assist enterprises in achieving intelligent transformation by integrating knowledge across supply chain, production, and finance[43]. - The company has developed a comprehensive digitalization and intelligent manufacturing solution, covering the entire lifecycle from planning to implementation, with 679 software copyrights and 34 invention patents[45]. - The company’s AI platform, "Shanmo GPT," integrates expertise across finance, human resources, marketing, supply chain, and manufacturing, providing a robust enterprise-level AI service capability[51]. - The company is focusing on market expansion and technological upgrades to drive future growth and profitability[122]. Research and Development - The company's R&D expenditure reached 365 million yuan in 2024, accounting for 15.24% of its operating revenue, with a workforce of 2,178 R&D personnel[85]. - R&D investment for 2024 is projected at $364,985,576.88, accounting for 15.24% of operating revenue[123]. - The number of R&D personnel decreased by 31.25% to 2,178, with a significant drop in those under 30 years old by 50.45%[123]. - The company has completed over 2,000 digital transformation plans for large enterprises, supported by a strategic consulting team with top-level partnerships with international vendors like SAP and Oracle[88]. Governance and Shareholder Relations - The governance structure complies with relevant laws and regulations, ensuring effective investor relations and protection of shareholder rights[160]. - The annual shareholders meeting had a participation rate of 17.88% on May 15, 2024, with key resolutions including the approval of the 2023 annual report and profit distribution plan[170]. - The company plans to implement a share repurchase program, with a target of repurchasing shares within a price range that aligns with market conditions[171]. - The company is committed to maintaining transparency and effective governance practices in its operations[172]. - The company has established a sound internal control system in compliance with relevant regulations, ensuring the authenticity and completeness of financial information[164]. Strategic Partnerships and Market Position - The company has established long-term partnerships with leading enterprises such as Huawei and Midea, indicating high customer loyalty and trust[45]. - The company has served over 3,000 enterprise clients across 23 key industries, achieving a market share ranking in the top three for MES system domestic replacement solutions in the electronic manufacturing sector[87]. - The company has established a global service network with 23 branches and delivery centers, employing over 4,000 professionals, maintaining a project delivery quality rate of over 98% for three consecutive years[87]. Future Outlook and Plans - By 2025, the company aims to enhance core competitiveness through AI integration, optimizing sales strategies, and improving project management to ensure sustainable development[149]. - The company plans to implement an AI-driven efficiency enhancement project, significantly improving demand analysis and code generation processes, thereby increasing project delivery speed and quality[150]. - The company is exploring market expansion opportunities and potential acquisitions to drive growth[173].