KASUN(SZ:002418)2025-04-24 16:20Financial Performance - The company reported a total revenue of RMB 1.2 billion for the fiscal year 2024, representing a year-over-year increase of 15%[19]. - The company's operating revenue for 2024 reached ¥2,615,548,143.13, representing a 13.86% increase compared to ¥2,297,150,506.88 in 2023[25]. - The net profit attributable to shareholders for 2024 was -¥98,308,495.51, a significant decline of 551.55% from ¥21,771,298.33 in 2023[25]. - The diluted earnings per share for 2024 was -¥0.0865, a drop of 550.52% compared to ¥0.0192 in 2023[26]. - The company reported a quarterly revenue of ¥895,756,227.01 in Q4 2024, with a significant loss of -¥88,442,777.30 in net profit attributable to shareholders[31]. - The company experienced a decline in net profit after deducting non-recurring gains and losses, with a total of -¥111,554,448.09 for 2024 compared to ¥9,258,861.01 in 2023[25]. - The company has faced uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profit figures over the past three years[27]. - The company reported a total profit of ¥13,245,952.58 for 2024, compared to ¥12,512,437.32 in 2023, reflecting an increase of about 5.9%[33]. Market Expansion and Strategy - The company plans to invest RMB 200 million in R&D for new product development in the upcoming year, focusing on innovative technologies[19]. - Future guidance indicates an expected revenue growth of 10-12% for 2025, driven by market expansion strategies[19]. - The company has initiated a market expansion plan targeting Southeast Asia, aiming to increase market share by 5% in the region[19]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the industry[19]. - The company is expanding into liquid cooling technology, which is becoming essential for high-density computing and energy efficiency in data centers[43]. - The company aims to enhance its market share in the electric vehicle segment through the introduction of new products and expansion of its product categories[93]. Research and Development - The company has applied for 30 new patents in the home appliance sector in 2024, with a total of 36 invention patents, 146 utility model patents, and 2 design patents currently held[70]. - The company has increased its R&D investment by 52.75% to approximately ¥27.90 million in 2024, compared to ¥18.26 million in 2023, with R&D expenditure accounting for 1.07% of operating revenue[95]. - The number of R&D personnel has risen to 90, a 1.12% increase from 89 in 2023, with a significant increase in master's degree holders by 225%[95]. - The liquid cooling segment developed 19 new technologies and products in 2024, including 4 invention patents and 10 utility model patents[75]. Operational Challenges - The company has identified key risks in its future operations, including market volatility and regulatory changes[5]. - The company is facing pressure from rising raw material prices, with copper and aluminum prices increasing by 8% and 9% respectively by the end of 2024[39]. - The company acknowledges intensified competition in the electric commercial vehicle market and plans to attract strategic investors to enhance market competitiveness[127]. - There are risks associated with the underperformance of new business expansions, particularly in liquid cooling and copper alloy sectors, which require ongoing market research and product development[128]. Governance and Compliance - The company has established a comprehensive governance structure to ensure compliance with legal and regulatory requirements, enhancing operational efficiency[133]. - The board of directors is structured to meet legal requirements and actively participates in decision-making, supported by specialized committees to improve governance efficiency[135]. - The company maintains a fully independent operation from its controlling shareholder, with no asset or fund occupation issues[137]. - The company has established a complete and independent production system, ensuring no asset or fund occupation by the controlling shareholder[143]. Employee Engagement and Welfare - 康盛股份 has been recognized as a pilot unit for improving employee quality of life by the Hangzhou Federation of Trade Unions for 2024[200]. - The company conducts annual surveys to identify employees in need and implements dynamic management for those facing difficulties[200]. - 康盛股份 organizes various cultural and sports activities, including the first "Kangsheng Cup" basketball tournament with ten teams participating from multiple cities[200]. - The company emphasizes employee health by organizing annual occupational disease and health check-ups[200]. Environmental Responsibility - The company invested approximately ¥1,789,029.92 in environmental governance and protection in 2024, and paid environmental protection tax of ¥30,702.85[194]. - The company achieved a 100% completion rate for environmental monitoring tasks in 2024, as per the requirements of ecological environment management departments[194]. - The company was recognized as a "city-level green low-carbon industrial park factory" and conducted a carbon footprint evaluation for its product, meeting ISO 14067:2018 requirements[195]. - The company has implemented a smart environmental management system for real-time monitoring of pollution control facilities[189].