新相微(688593) - 2024 Q4 - 年度财报

Financial Performance - The company reported a net profit attributable to shareholders, excluding non-recurring gains and losses, of negative value for 2024[3]. - The board has decided not to distribute profits for the 2024 fiscal year, including no cash dividends or stock bonuses, with retained earnings carried forward to the next year[5]. - The company's revenue for 2024 reached CNY 50,739.99 million, representing a 5.61% increase compared to CNY 48,044.73 million in 2023[20]. - The net profit attributable to shareholders decreased by 69.38% to CNY 843.29 million in 2024 from CNY 2,753.91 million in 2023[20]. - The net cash flow from operating activities was negative CNY 6,686.70 million, a 169.90% decline from CNY 9,566.06 million in 2023[20]. - The total assets at the end of 2024 were CNY 178,689.05 million, a slight decrease of 0.64% from CNY 179,832.22 million in 2023[20]. - The basic earnings per share for 2024 were CNY 0.018, down 72.31% from CNY 0.065 in 2023[21]. - The company's net assets attributable to shareholders decreased by 1.44% to CNY 157,341.89 million at the end of 2024 from CNY 159,645.07 million at the end of 2023[20]. - The weighted average return on equity for 2024 was 0.53%, a decrease of 1.77 percentage points from 2.30% in 2023[21]. - The company reported a net profit excluding non-recurring gains and losses of negative CNY 368.23 million in 2024, a decline of 117.31% from CNY 2,127.79 million in 2023[20]. Operational Risks and Challenges - The company has outlined various operational risks, including the potential for significant profit declines or losses in 2024[3]. - The company warns that forward-looking statements regarding future plans and strategies do not constitute substantive commitments to investors[7]. - The company faces risks of declining performance due to intense market competition and potential downturns in downstream market demand[66]. - The proportion of inventory value to current assets was 16.05%, indicating potential risks related to inventory depreciation[69]. - Accounts receivable accounted for 9.65% of current assets, posing risks if clients face financial difficulties[69]. Research and Development - Research and development expenses accounted for 12.98% of revenue in 2024, an increase of 1.11 percentage points from 11.87% in 2023[21]. - The total R&D investment for the year was ¥65,850,478.48, representing a 15.48% increase compared to the previous year's investment of ¥57,021,319.20[55]. - The company has established a three-tier R&D system focusing on pre-research, development, and mass production to ensure technological leadership[1]. - The company has developed a comprehensive R&D system, emphasizing self-innovation and market-driven product performance improvements, with a structured product development process[45][46]. - The company is focusing on new product lines that support high resolution, high frame rates, and low power consumption, which are expected to become mainstream in the market[49][50]. - The company is developing a low-power, compact, cost-effective display driver chip for wearable devices, with an expected total investment of ¥3,464.00 million and a current investment of ¥405.59 million[58]. - The company is working on a 4K/8K ultra-high-definition display driver chip, with a total investment of ¥2,803.00 million and a current investment of ¥642.80 million[58]. - The company has a strong competitive edge in developing low-power, high-resolution display driver chips for smartphones, with a total investment of ¥1,580.00 million and a current investment of ¥98.95 million[58]. - The company has increased its R&D personnel from 101 to 106, indicating a focus on expanding its innovation capabilities[61]. Market Strategy and Growth - The company plans to continue expanding its market presence and invest in new product development to drive future growth[20]. - The company achieved record shipment volumes during the reporting period, contributing to stable revenue growth despite a challenging competitive landscape[31]. - The company is actively promoting business development and optimizing costs, leading to continuous improvement in operational performance[31]. - The company is focusing on technological innovation to achieve domestic substitution in high-end display chips, particularly in Mini/Micro-LED technologies[109]. - The company aims to deepen its focus on the display chip sector, with a strategic goal to expand product categories and enhance core competitiveness, particularly in TCON product lines and next-generation AMOLED products[108]. Corporate Governance - The company has not disclosed any special arrangements for corporate governance[6]. - The company has established a comprehensive internal control system to enhance risk prevention capabilities in accordance with relevant laws and regulations[125]. - The company has a robust information disclosure management system to ensure timely, accurate, and complete information disclosure, protecting investor rights[123]. - The company has successfully completed the re-election of its board and supervisory committee, ensuring compliance with governance regulations[121][122]. - The company will continue to strengthen its internal management systems to ensure compliance with relevant laws and regulations[152]. Environmental and Social Responsibility - The company emphasizes sustainable development and integrates ESG principles into its strategic planning and daily operations[188]. - The company is committed to reducing environmental impact by optimizing resource utilization and promoting green practices throughout its operations[189]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[191]. - The company adheres to responsible innovation principles, ensuring compliance with social norms in technology development[197]. Talent Management - The company emphasizes the importance of talent retention and has implemented incentive plans to bind core personnel to its growth objectives[64]. - The company has established a scientific talent development mechanism to enhance employee growth and support business development[168]. - The company employs 56 individuals with master's degrees or higher, and 123 with bachelor's degrees[166]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 494.49 million[144]. - The total remuneration for core technical personnel at the end of the reporting period was 154.72 million[144].