联创电子(002036) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was ¥10,211,565,372.33, representing a 3.69% increase compared to ¥9,847,738,457.14 in 2023[6]. - The net profit attributable to shareholders for 2024 was -¥552,822,266.81, an improvement of 44.29% from -¥992,386,862.62 in 2023[6]. - The net cash flow from operating activities increased by 64.16% to ¥345,170,853.82 in 2024, up from ¥210,261,979.13 in 2023[6]. - The total assets at the end of 2024 were ¥16,088,770,101.64, a 5.31% increase from ¥15,278,098,957.74 at the end of 2023[6]. - The company's net assets attributable to shareholders decreased by 22.39% to ¥2,181,070,902.90 at the end of 2024, down from ¥2,810,199,428.78 at the end of 2023[6]. - The company achieved a revenue of 10.212 billion yuan in 2024, representing a year-on-year growth of 3.69%[44]. - Revenue from automotive optics was ¥2,060,387,388.70, representing a 119.87% year-on-year increase[49]. - Domestic revenue accounted for 82.01% of total revenue, increasing by 6.40% compared to the previous year[47]. Business Operations and Strategy - The company’s main business has shifted to the research, production, and sales of touch display products and optical components since 2016[17]. - The company has identified new growth opportunities in the AR/VR and high-end medical equipment sectors, driven by advancements in optical technology[29]. - The company is focusing on high-end optical business transformation, optimizing the proportion of high-value-added products such as hybrid lenses and OIS stabilization modules[37]. - The company is actively expanding its market presence in the humanoid robot industry, which is expected to see significant growth in 2024[33]. - The company plans to achieve a revenue target of CNY 11 billion by 2025, with optical industry sales expected to reach CNY 5.5 billion, aiming for profitability[85]. - The company aims to expand its market presence in response to intensified competition in the domestic smartphone and smart vehicle markets[86]. - The company plans to accelerate the development of automotive optical lens projects to meet the growing demand in the smart vehicle sector[79]. Research and Development - The company has accumulated 631 invention patents as of the end of 2024, including 48 overseas patents, with 157 new invention patents granted in 2024[41]. - Total R&D investment was ¥939,205,496.92, which is 9.20% of operating revenue, down from 10.69% in the previous year[60]. - Research and development expenses decreased by 16.67% to ¥472,087,327.13 compared to the previous year[58]. - The number of R&D personnel increased by 4.62% to 1,697, while the proportion of R&D personnel to total employees decreased to 13.00%[59]. Corporate Governance - The company held five shareholder meetings during the reporting period, all convened by the board of directors, ensuring compliance with legal and regulatory requirements[104]. - The board of directors consists of 9 members, including 4 independent directors, following the completion of the board election in December 2024[104]. - The supervisory board comprises 3 members, with 2 shareholder representatives and 1 employee representative, in compliance with legal requirements[105]. - The company has established an internal audit system with a dedicated audit department to ensure effective internal control and compliance[107]. - The company achieved "zero violations" in information disclosure in 2024 and received a "B" rating in the Shenzhen Stock Exchange's information disclosure assessment[107]. - The company maintains independence from its controlling shareholder in terms of business operations, personnel, assets, and financial management[109]. Environmental Compliance - The company reported a total COD (Chemical Oxygen Demand) of 2.05 tons per year and NH3-N (Ammonia Nitrogen) of 0.35 tons per year from wastewater treatment[170]. - The wastewater treatment plant achieved a BOD (Biochemical Oxygen Demand) level of 40 mg/L and a COD level of 350 mg/L, meeting the discharge standards[170]. - The company has a VOCs (Volatile Organic Compounds) emission rate of 0.0154 tons per year, which is below the regulatory threshold[170]. - The company is committed to continuous improvement in environmental performance and compliance with regulatory standards[169]. - The company has established various pollution prevention facilities, including wastewater treatment stations and exhaust gas adsorption devices, all of which are operating normally[177]. Shareholder Engagement and Stock Management - The company reported a reduction of 400,000 shares held by Chairman Zeng Jiyong due to repurchase and cancellation[114]. - The company has implemented a stock option and restricted stock incentive plan, leading to various share repurchases and cancellations among executives[114]. - The company continues to focus on enhancing shareholder engagement through regular meetings and transparent communication[115]. - The company has established a complete decision-making process for its cash dividend policy[142]. - The company has not provided a clear reason for not distributing cash dividends despite having positive distributable profits[142]. Financial Management and Audit - The company appointed Beijing Dehao International Accounting Firm for auditing services, with a fee of 2.05 million yuan, and the firm has been engaged for one year[193]. - The company confirmed that the execution of the accounting policy changes did not have a major impact on its financial condition and operating results for the reporting period[190]. - The company has committed to maintaining the independence of its financial decisions and operations, ensuring no resource occupation from related parties[1]. - The company has established a complete governance structure for its hemp industry segment, ensuring operational independence[1]. Social Responsibility - The company actively engages in social responsibility, providing customized summer camp services for over 110 employees' children to alleviate childcare challenges[180]. - A total of RMB 210,000 was donated to various charitable organizations, including the Chongqing Liangjiang New Area Charity Association, to support poverty alleviation and rural revitalization efforts[182]. - Jiangxi Lianchuang Electronics Co., Ltd. has been recognized as a "99 Charity Loving Enterprise" for its contributions to public welfare and community support[181].