EASTCOM(SH:600776)2025-04-28 12:20Financial Performance - The company's total revenue for 2024 was CNY 2,894,080,293.92, a decrease of 1.55% compared to CNY 2,939,726,753.20 in 2023[21]. - The net profit attributable to shareholders for 2024 was CNY 150,946,086.61, down 1.22% from CNY 152,806,045.44 in 2023[21]. - The cash flow from operating activities for 2024 was CNY 38,651,690.11, a significant decline of 66.71% compared to CNY 116,119,461.11 in 2023[21]. - The total profit for the year was 162 million RMB, reflecting a decline of 4.47% compared to the previous year[32]. - Basic earnings per share for 2024 were 0.1202 RMB, down 1.22% from 0.1217 RMB in 2023[22]. - The weighted average return on equity decreased to 4.36% in 2024 from 4.50% in 2023, a reduction of 0.14 percentage points[22]. - The company reported a net profit excluding non-recurring gains and losses of CNY -132,475,000.46 for 2024, indicating a significant decline compared to CNY 2,153,115.82 in 2023[21]. - The total revenue for Oriental Communication in 2024 was CNY 2,894,080,293.92, reflecting a significant performance indicator for the company[172]. - The net profit for 2024 was CNY 145,216,626.60, a decrease of 3.9% compared to CNY 149,810,693.19 in 2023[186]. - The total comprehensive income for the year 2024 was CNY 151,724,929.47, compared to CNY 124,323,600.96 in 2023, representing an increase of approximately 22%[191]. Assets and Liabilities - The total assets at the end of 2024 were CNY 4,461,367,652.77, an increase of 2.46% from CNY 4,354,312,127.79 at the end of 2023[21]. - Current assets totaled CNY 2,901,038,389.97, up from CNY 2,684,697,015.81 in the previous year, indicating an increase of about 8.06%[181]. - The company's cash and cash equivalents decreased to CNY 908,856,563.24 from CNY 1,054,953,893.85, representing a decline of approximately 13.83%[181]. - Total liabilities increased to CNY 942,053,516.31 from CNY 886,665,773.35, reflecting a growth of about 6.26%[182]. - The equity attributable to shareholders reached CNY 3,489,035,874.13, up from CNY 3,427,883,326.39, indicating an increase of approximately 1.79%[182]. - The total current liabilities amounted to CNY 813,277,293.14, an increase from CNY 775,791,641.66, reflecting a growth of about 4.83%[182]. - The company’s total assets decreased to CNY 3,532,156,352.03 in 2024 from CNY 3,592,798,024.50 in 2023, a decrease of 1.7%[184]. Research and Development - The company invested CNY 203 million in R&D, an increase of 11.80% year-on-year, reflecting a commitment to innovation[49]. - Research and development expenses rose to CNY 203,308,392.81 in 2024, an increase of 11.5% from CNY 181,847,609.56 in 2023[186]. - The company has a strong R&D advantage with a national-level enterprise technology center and various research institutes[42]. - The company has applied for a total of 854 patents, including 321 invention patents, as of December 2024[42]. Market and Industry - The company is focusing on three core industries: information communication, financial technology, and intelligent manufacturing to drive high-quality development[32]. - The communication industry achieved a revenue of 434.8 billion yuan in 2024, with a year-on-year growth of 10.6%[35]. - The company is committed to providing secure digital, networked, and intelligent products and services to key industries such as government and finance[32]. - The DICT industry is experiencing rapid expansion driven by demand for new infrastructure such as 5G base stations and data centers[82]. Corporate Governance - The company’s board includes experienced professionals with backgrounds in telecommunications and management, enhancing its strategic direction[97]. - The company has not reported any significant changes in the business operations of its controlling shareholders or actual controllers that would affect its independence[93]. - The company has implemented measures to ensure the independence of its assets, personnel, and operations[93]. - The company has a total of six directors and supervisors currently serving in various capacities within the shareholder unit, China Electronics Technology Group Corporation[100]. Social Responsibility and Sustainability - The company invested CNY 0.7789 million in environmental protection during the reporting period[133]. - The company implemented energy transformation projects, replacing diesel with natural gas, resulting in a reduction of carbon emissions by 753.10 tons[135]. - Total investment in social responsibility projects amounted to 170,000 RMB, including 150,000 RMB donated to a charity in Jinyun County[138]. - The company supported poverty alleviation and rural revitalization with a total investment of 665,100 RMB, benefiting 2,067 people through industrial assistance[142]. Shareholder Information - The total number of ordinary shareholders reached 120,046 by the end of the reporting period, an increase from 114,532 at the end of the previous month[158]. - The largest shareholder, China Electronics Technology Group Corporation, holds 545,615,552 shares, representing 43.44% of total shares[160]. - The second largest shareholder, Hong Kong Central Clearing Limited, decreased its holdings by 3,140,981 shares, now holding 5,065,930 shares, which is 0.40%[160]. - The report indicates no changes in the control of the company during the reporting period[163].