Leon(SZ:300603)2025-04-25 19:00Financial Performance - The company's operating revenue for 2024 reached ¥787,880,115.14, representing a 9.02% increase compared to ¥722,715,994.19 in 2023[20] - Net profit attributable to shareholders for 2024 was ¥25,870,118.57, a significant increase of 247.18% from ¥7,451,463.44 in 2023[20] - Basic earnings per share for 2024 were ¥0.06, a 200.00% increase from ¥0.02 in 2023[20] - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of -¥38,906,016.83 for 2024, an improvement of 14.07% from -¥45,273,959.51 in 2023[20] - The weighted average return on net assets for 2024 was 1.78%, up from 0.57% in 2023[20] - The company reported a net profit attributable to shareholders of CNY 20,344,370 for Q4 2024, compared to a loss of CNY 28,497,320 in Q4 2023[75] - The company achieved a total operating revenue of 78,788.01 million yuan, representing a 9.02% increase compared to the previous period[70] - The net profit attributable to shareholders reached 2,587.01 million yuan, a significant increase of 247.18% year-on-year[70] Cash Flow and Assets - The net cash flow from operating activities decreased by 57.70% to ¥23,935,650.93 in 2024, down from ¥56,580,825.40 in 2023[20] - Total assets at the end of 2024 were ¥2,147,975,232.05, a decrease of 7.81% from ¥2,329,988,816.89 at the end of 2023[20] - The total investment amount for the reporting period was ¥434,961,278.23, a decrease of 38.79% compared to ¥710,571,794.12 in the same period last year[106] - The net increase in cash and cash equivalents was negative at -¥197,537,253.73, a decline of 151.56% compared to the previous year[96] - The total procurement amount reached ¥329,304,703.57, accounting for 29.70% of the annual procurement total[84] Revenue Segmentation - The company's digital city business generated revenue of 238,735.22 million yuan, accounting for 30.30% of total revenue, with a year-on-year growth of 6.99%[73] - The communication network business revenue was 305,579.56 million yuan, representing 38.79% of total revenue, with a growth of 7.00% year-on-year[73] - The data center and cloud services business generated CNY 144,530,979.24, accounting for 18.34% of total revenue, down from 22.45% in the previous year[74] Strategic Initiatives and Market Position - The company is positioned as a core solution provider in the digital city system sector, focusing on service quality enhancement and innovation[31] - The company is leveraging its advantages in the Tianfu Data Center cluster to support the "East Data West Computing" initiative[34] - The company is committed to optimizing its infrastructure layout in response to the growing demand for data center services across various regions[34] - The company is actively responding to the national "East Data West Calculation" policy, with the first phase of the Lian Cloud Data (Chengdu Jianyang) base entering trial operation[64] - The company is focused on expanding its telecommunications value-added services, particularly in collaboration with telecom operators, to explore new content contract forms[133] Research and Development - The company has developed an "AI Model Production Line" product, which has been deployed in multiple fields such as public transport flow recognition and emergency intelligent Q&A[42] - The number of R&D personnel increased by 20.56% from 107 in 2023 to 129 in 2024, with R&D personnel now accounting for 14.24% of the total workforce[94] - R&D expenditure amounted to ¥27,326,403.30 in 2024, representing 3.47% of operating revenue, an increase from 3.25% in 2023[94] - The company is focused on building green low-carbon data centers, significantly reducing energy consumption and carbon emissions through advanced technologies[89] Risks and Challenges - The company has acknowledged potential risks in its future development outlook, which are detailed in the management discussion section[4] - The telecom value-added service industry is heavily regulated, and increased regulatory scrutiny may negatively impact the operating environment for the company[61] - The company acknowledges risks from potential industry investment slowdowns and plans to diversify its service offerings to mitigate impacts from macroeconomic changes[134] - The company faces risks from intensified market competition, particularly in the data center sector, and aims to maintain service quality while gradually penetrating new markets[136] Corporate Governance - The company has established a comprehensive internal control system, revising 8 governance documents during the reporting period[152] - The company respects the rights of stakeholders and emphasizes social responsibility, promoting balanced interests among shareholders, employees, and society[153] - The company has established a performance evaluation and incentive system for directors and senior management, with a dedicated compensation and assessment committee[155] - The company maintains independence from its controlling shareholders in terms of business operations, personnel, assets, and financial management[157][158][159][160][161] Leadership and Management Changes - The company appointed Wang Zixuan as Vice President on January 8, 2024, due to job adjustment[168] - The company reported the retirement of Chief Engineer Tian Junfa on January 8, 2024, due to reaching the legal retirement age[168] - Independent Director Luan Ling resigned on September 11, 2024, for personal reasons, and Xiong Xizhe was elected as the new Independent Director[168] - The company completed the election of the fifth board of directors and supervisory board on February 13, 2025, with several new appointments[170] Shareholder Engagement - The company held several shareholder meetings, with participation rates of 23.20%, 29.32%, 29.31%, 32.16%, and 27.33% for various meetings in 2024[162] - The company’s top five customers accounted for 31.23% of total annual sales, with the largest customer contributing 11.81%[83] - The company’s top five suppliers represented 29.70% of total annual purchases, with the largest supplier accounting for 13.79%[83]