SPEED(300322)2025-04-27 07:45Financial Performance - The overall operating revenue and gross margin of the company increased compared to the same period last year, with significant improvements in the smart module business, heat dissipation components and modules, and new energy business, which achieved substantial loss reduction[6]. - The company's operating revenue for 2024 was ¥1,857,257,106.63, representing a 12.37% increase compared to ¥1,652,769,308.17 in 2023[27]. - The net profit attributable to shareholders for 2024 was -¥64,459,003.63, an improvement of 66.87% from -¥194,561,319.72 in 2023[27]. - The net cash flow from operating activities for 2024 was -¥61,280,082.46, a 27.16% improvement compared to -¥84,130,314.78 in 2023[27]. - The total assets at the end of 2024 were ¥3,064,198,837.43, a 6.27% increase from ¥2,883,539,924.87 at the end of 2023[27]. - The company reported a weighted average return on equity of -5.09% for 2024, improving from -16.20% in 2023[27]. - Total revenue for 2024 reached ¥1,857,257,106.63, representing a year-on-year increase of 12.37% compared to ¥1,652,769,308.17 in 2023[53]. - Gross profit margin improved to 22.83%, up 3.34% from the previous year, with total gross profit amounting to ¥423,007,726.75[55]. Investment and R&D - The company's R&D investment totaled approximately ¥164.71 million, accounting for 8.87% of its revenue during the reporting period[49]. - The company submitted a total of 63 patent applications, including 29 invention patents and 26 utility model patents, during the reporting period[50]. - The company holds a total of 319 patents, including 58 invention patents and 258 utility model patents, as of December 31, 2024[45]. - Research and development efforts include projects for 5G antennas and transparent antennas, aimed at enhancing market competitiveness and meeting customer demands[63]. - The company plans to enhance its R&D efforts, particularly in emerging fields like artificial intelligence and next-generation mobile communications, to improve product value and competitiveness[100]. Market and Product Development - The company will continue to focus on market expansion and new product development as part of its strategic initiatives[6]. - The company achieved significant revenue growth in its core businesses, particularly in the antenna and new energy sectors, with traditional mobile antenna sales recovering and new energy projects entering mass production[49]. - The company is positioned to benefit from the growing demand for AI terminal products, which require enhanced thermal management solutions[39]. - The global smartphone shipment in 2024 increased by approximately 6.4% year-on-year, reaching 1.24 billion units[37]. - The AI smartphone market is expected to grow at a compound annual growth rate of 63% from 2023 to 2028, with AI-enabled smartphones projected to account for 16% of total shipments in 2024[38]. Operational Efficiency - The company is actively optimizing customer and product structures while enhancing cost reduction and efficiency efforts[6]. - The company plans to enhance its internal management system and improve the capabilities of its management team to address the complexities arising from its expanded operations[103]. - The company has set a target to reduce operational costs by 15% through efficiency improvements[133]. Corporate Governance - The company has established a robust financial management system, operating independent bank accounts and making autonomous financial decisions[115]. - The board of directors has convened six meetings during the reporting period, adhering to legal and regulatory requirements for decision-making[108]. - The company has a clear decision-making process for remuneration adjustments, involving the compensation and assessment committee[131]. - The company has a diverse board with members holding various positions in related companies, enhancing governance and strategic oversight[124]. Shareholder Relations - The company plans to not distribute cash dividends, issue bonus shares, or increase share capital from reserves[7]. - The company has held one shareholders' meeting during the reporting period, where 20 resolutions were passed, ensuring the protection of shareholders' rights[107]. - The annual shareholders' meeting had a participation rate of 19.07% and was held on May 9, 2024[118]. Risk Management - Future plans and forward-looking statements do not constitute substantial commitments to investors, and investors should maintain adequate risk awareness[6]. - The management discussion section outlines potential risks in operations and corresponding countermeasures[6]. - The company anticipates significant risks from external economic conditions, including international trade uncertainties, which may adversely affect performance[101]. - The company has reported continuous losses over the past three years, indicating a risk of further performance decline if effective management measures are not implemented[101]. Compliance and Internal Control - The company has established a comprehensive internal control system that effectively prevents significant deficiencies in financial reporting[150]. - There were no significant deficiencies in internal control identified in financial or non-financial reports at the end of the reporting period[150]. - The internal control audit report received a standard unqualified opinion, indicating effective financial reporting controls[154]. Employee Management - The total number of employees at the end of the reporting period is 2,683, with 1,070 in the parent company and 1,613 in major subsidiaries[141]. - The company has implemented a competitive compensation and benefits system to attract and retain talent[142]. - The company encourages employee participation in external lectures and provides diverse internal training programs[143].