Increase(SZ:300713)2025-04-28 10:55Financial Performance - In 2024, the company achieved operating revenue of ¥253,697,376.31, a decrease of 6.29% compared to the previous year[6] - The net profit attributable to shareholders was -¥89,655,352.42, representing a decline of 119.86% year-on-year[6] - The basic earnings per share were -¥0.56, a decline of 115.38% from -¥0.26 in the previous year[24] - The company reported a significant increase in the net loss from non-recurring gains and losses, with a net profit of -¥89,769,199.54, down 97.98% year-on-year[24] - The company's total revenue for the fourth quarter was 84,332,444.56 yuan, with a year-over-year decline in net profit attributable to shareholders of 39,841,708.03 yuan, representing a significant loss compared to previous quarters[27] - The company reported a comprehensive diluted earnings per share of -0.5649 yuan, reflecting continued financial difficulties[25] - Revenue from the electric power industry decreased by 15.57% to ¥44,349,779.02, down from ¥52,529,826.92 in the previous year[78] - Revenue from the new energy vehicle industry decreased by 6.55% to ¥142,952,773.92, compared to ¥152,980,310.69 in 2023[78] Cash Flow and Investments - The net cash flow from operating activities was ¥787,791.53, an increase of 111.42% compared to -¥6,899,449.06 in the previous year[24] - The net increase in cash and cash equivalents was -¥13,678,820.30 in 2024, a decline of 139.39% compared to the previous year[93] - Cash and cash equivalents decreased from 66,706,142.23 to 62,830,140.33, a reduction of 0.80% in total assets proportion[98] - The total investment amount for the reporting period was 136,798,347.28, a decrease of 58.33% compared to the previous year's investment of 328,281,169.38[103] - Investment cash flow net amount decreased by 388.92% to -¥73,950,220.81 in 2024, primarily due to reduced investment in financial products[94] Market Trends and Opportunities - The Chinese power supply market is projected to grow from 390.2 billion yuan in 2022 to 488.7 billion yuan by 2025, with a compound annual growth rate of 11.9%[35] - The market for switch power supplies, which the company specializes in, is expected to reach 253.2 billion yuan by 2025, driven by trends towards energy efficiency and miniaturization[35] - In the new energy vehicle sector, production and sales reached 12.88 million units in 2024, marking a year-over-year growth of 34.4%[39] - The number of charging infrastructure units in China increased by 338.6 thousand in 2023, a 30.6% increase from the previous year, indicating strong demand for charging stations[40] - The total number of charging infrastructure units is expected to reach 12.81 million by the end of 2024, with a projected increase of 49.1% year-over-year[40] Research and Development - The company invested ¥64,075,392.38 in R&D, accounting for 25.26% of total revenue, an increase from 20.86% in the previous year[71] - The number of R&D personnel reached 163, representing 27.26% of the total workforce[72] - The company plans to continue focusing on technological innovation and R&D in the power electronics sector, aiming to become a leading supplier in the industry[52] - The company is developing several new products, including a 30KW/40KW efficient low-noise module and a 30KW European standard charger, aimed at enhancing market competitiveness and expanding overseas business[90][91] Operational Challenges - The company is facing operational risks and uncertainties regarding its ability to continue as a going concern[6] - The company reported a significant increase in credit impairment losses, amounting to -¥15,085,960.36, representing 15.24% of total profit[95] - The company faces risks from fluctuating raw material prices, which could impact gross margins; proactive measures will be taken to mitigate these risks[130] - The charging industry is experiencing intensified competition, prompting the company to enhance its market share and product differentiation strategies[131] Governance and Management - The company has established a performance evaluation system linking employee income to work performance, with a nomination and compensation committee overseeing evaluations[146] - The company has a governance structure that includes independent directors and a supervisory board, ensuring compliance and oversight[157] - The company is undergoing a transition in its board and management structure, with several key personnel changes scheduled for November 2024[160] - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 4.5071 million yuan[170] Employee Development - The company emphasizes employee development through a comprehensive training system[183] - The company aims to enhance its talent acquisition and development strategy to meet rapid growth needs, establishing an attractive compensation and incentive mechanism to ensure a skilled workforce[125] - The total number of employees at the end of the reporting period is 598, with 469 from the parent company and 129 from major subsidiaries[181] Compliance and Internal Controls - The company has implemented strict internal control systems in accounting, production, and sales management, ensuring compliance with relevant laws and regulations[196] - The procurement department has established strict controls over the procurement process, ensuring transparency and quality in supplier management[200] - The company has achieved ISO 9001:2015 quality management system certification, indicating a commitment to quality control and continuous improvement[197]