Delphi Laser(SH:688170)2025-04-28 11:40Financial Performance - The net profit attributable to shareholders for 2024 was a loss of RMB 34,501,101.02, indicating a negative profit situation that does not allow for profit distribution[6]. - As of December 31, 2024, the company's undistributed profits amounted to RMB 43,807,490.91[6]. - The board of directors has resolved not to distribute profits or increase capital reserves for the year 2024[6]. - The company's operating revenue for 2024 reached ¥715,191,631.87, representing a year-on-year increase of 22.93% compared to ¥581,808,798.56 in 2023[21]. - The net profit attributable to shareholders of the listed company decreased by 188.35% to -¥34,501,101.02 in 2024, down from ¥39,051,094.97 in 2023[21]. - The basic earnings per share for 2024 was -¥0.33, a decline of 186.84% from ¥0.38 in 2023[22]. - The net cash flow from operating activities for 2024 was -¥48,577,499.15, compared to -¥5,631,030.57 in 2023[21]. - The total assets of the company as of the end of 2024 were ¥1,834,177,292.67, reflecting a 5.11% increase from ¥1,744,988,810.40 in 2023[21]. - The company reported a significant increase in impairment losses for long-term equity investments and various receivables in 2024, impacting net profit[23]. Research and Development - Research and development expenses accounted for 18.24% of operating revenue in 2024, an increase of 0.42 percentage points from 17.82% in 2023[23]. - The company plans to continue high levels of R&D investment and product development to enhance market service and innovation[24]. - The company achieved a total R&D investment of ¥130,422,991.73 in the current year, representing a 25.78% increase compared to ¥103,688,902.61 in the previous year[79]. - R&D investment accounted for 18.24% of total revenue, an increase of 0.42 percentage points from 17.82% in the previous year[79]. - The company holds a total of 245 valid patents, including 56 invention patents and 189 utility model patents, as well as 180 software copyrights[76]. - During the reporting period, the company applied for 70 invention patents and obtained 16, bringing the cumulative total to 341 applications and 54 granted[77]. Market Position and Strategy - The company operates in the high-end equipment manufacturing sector, specifically in laser processing equipment, with a focus on precision applications across various industries[53]. - The company has established a strong market position in the high-end industrial application laser equipment segment, with fewer competitors in the precision micro-processing field[59]. - The company is focusing on solid-state battery technology, introducing new laser processing equipment for solid-state battery manufacturing[38]. - The company is expanding its international presence by establishing wholly-owned subsidiaries in Japan, the USA, Australia, and Germany to enhance brand influence and local market penetration[152]. - The company aims to enhance its market influence and product market share, focusing on semiconductor, display, new electronics, and new energy applications[152]. Risks and Challenges - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures regarding external guarantees[9]. - The company faces risks related to significant performance declines or losses, but its core business and competitive advantages have not undergone major adverse changes[98]. - The high-end laser equipment manufacturing industry is characterized by technological and capital intensity, facing multiple operational risks including cyclical fluctuations and supply chain dependencies[99]. - The company is exposed to risks related to the import of core raw materials, particularly laser components, which could be affected by international trade conditions[105]. Corporate Governance - The company confirmed that all board members attended the board meeting[6]. - The company has established stable partnerships with numerous well-known clients, which solidifies its business development foundation[97]. - The company held 6 board meetings in the year, all conducted via communication methods[183]. - The supervisory board held 5 meetings, effectively supervising the company's operations and protecting shareholder interests[159]. - The company disclosed 55 temporary announcements and 4 regular reports in 2024, ensuring transparency and compliance with disclosure regulations[160]. Future Outlook - The company provided guidance for Q4 2023, expecting revenue to be between $1.6 billion and $1.7 billion, indicating a potential growth of 10% to 13%[170]. - Overall, the company remains optimistic about future growth, with a long-term target of achieving $10 billion in revenue by 2025[170]. - The company plans to enhance its digital marketing strategy, expecting a 30% increase in customer engagement[173]. - The company plans to conduct cash management using part of the idle raised funds[181]. - The company aims to expand upstream and downstream in the semiconductor business, enhancing its market share in laser processing equipment by providing complete solutions[154].