Financial Performance - The company plans to distribute a cash dividend of RMB 5.50 per 10 shares, totaling RMB 37.4 million, which accounts for 31.03% of the net profit attributable to shareholders for 2024[6]. - The company has not achieved profitability since its listing[4]. - Scantech reported a revenue increase of 25% year-over-year, reaching RMB 500 million in the last quarter[23]. - The company achieved a user growth of 30%, with active users now totaling 1.2 million[23]. - Scantech anticipates a revenue guidance of RMB 600 million for the next quarter, representing a 20% increase compared to the current quarter[23]. - The gross margin improved to 45%, up from 40% in the previous year, indicating better cost management[23]. - The company reported a net profit margin of 10%, reflecting a significant improvement from 7% last year[23]. - The company's operating revenue for 2024 reached CNY 332.58 million, representing a year-on-year increase of 22.41% compared to CNY 271.71 million in 2023[24]. - The net profit attributable to shareholders for 2024 was CNY 120.53 million, up 5.49% from CNY 114.25 million in 2023, while the net profit excluding non-recurring gains and losses increased by 11.51% to CNY 110.33 million[24]. - The net cash flow from operating activities decreased by 15.63% to CNY 99.58 million, primarily due to the payment of project costs related to ODM major customer orders[24]. Corporate Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not faced any violations in decision-making procedures regarding external guarantees[8]. - The company has confirmed that all board members can guarantee the authenticity, accuracy, and completeness of the annual report[8]. - The company has not reported any special arrangements in corporate governance[7]. - The company has confirmed that all directors attended the board meeting[5]. Research and Development - The company is investing RMB 50 million in R&D for new product development, focusing on advanced 3D scanning technologies[23]. - Research and development expenses accounted for 17.76% of operating revenue in 2024, slightly down from 17.78% in 2023[26]. - The total R&D investment for the current year is approximately ¥59.06 million, representing a 22.28% increase from the previous year's ¥48.30 million[184]. - The company has developed three core technology clusters: 3D recognition and reconstruction technology, 3D stereo extension technology, and stereo vision calibration technology[169]. - The company has mastered 18 key technologies, including high-precision edge computing technology and automated 3D scanning technology, ensuring a strong foundation for continuous innovation[194]. - The company has established a high-level R&D team that integrates various fields, ensuring rapid development of high-tech products[192]. Market Strategy and Expansion - The company plans to issue and list 17 million A-shares on the Sci-Tech Innovation Board[13]. - The company aims to enhance its market presence through strategic partnerships and investments[13]. - The company is exploring opportunities for market expansion and potential acquisitions[13]. - Scantech plans to expand its market presence in Southeast Asia, targeting a 15% market share by the end of 2024[23]. - The company has established subsidiaries in Germany and the USA, enhancing local service capabilities and customer satisfaction in key markets[116]. - The company is actively participating in international exhibitions and technical seminars to boost brand awareness and establish partnerships with local distributors[117]. Product Development and Innovation - The company is focused on developing advanced 3D scanning technologies with high precision and speed[14]. - The company offers a range of portable 3D scanning products, including the KSCAN and AXE series[14]. - The company has developed a series of innovative products, including the first handheld laser 3D scanner and the first laser 3D scanner with built-in photogrammetry composite scanning principle[55]. - The company launched the NimbleTrack series of tracking 3D visual digitalization products, achieving a weight reduction of approximately 70% compared to traditional optical trackers, with a weight of only 2.2 kg[64]. - The company’s 3D visual technology is being applied in various sectors, including aerospace, automotive manufacturing, and industrial design, contributing to improved production efficiency and quality control[61]. - The company has successfully launched multiple software products in the 3D digitalization field, including DefinSight, 3DeVOKStudio, ScanViewer, and TViewer, continuously iterating and upgrading these products[166]. Industry Trends and Market Outlook - The global machine vision market size reached 92.52 billion RMB in 2023, expected to approach 140 billion RMB by 2028, indicating rapid growth driven by policy support and technological advancements[36]. - The 3D digitalization product market size was 50.06 billion RMB in 2022, projected to maintain a compound annual growth rate (CAGR) of 19.16% from 2022 to 2027, potentially exceeding 120.32 billion RMB by 2027[38]. - The demand for intelligent and automated systems in 3D visual digitalization is rising, driven by the need for efficiency and environmental control in manufacturing processes[162][163]. - The market for handheld and tracking 3D scanners is projected to expand due to their portability, efficiency, and cost-effectiveness, playing an increasingly vital role in high-end industrial manufacturing and product development[152]. Risk Management - The company has outlined potential risks in its future plans and development strategies, advising investors to be cautious[8]. - The company faces risks related to maintaining its core competitiveness amid evolving market demands and technological advancements[199]. - The company's profitability is influenced by product sales structure and market demand, with potential risks if lower-margin products dominate sales[200].
思看科技(688583) - 2024 Q4 - 年度财报