威尔泰(002058) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was CNY 162,538,196.86, representing a 3.79% increase compared to CNY 156,596,258.01 in 2023[18]. - The net profit attributable to shareholders for 2024 was a loss of CNY 17,241,650.46, slightly worsening by 1.07% from a loss of CNY 17,058,857.42 in 2023[18]. - The net cash flow from operating activities improved significantly to CNY 14,109,397.23, a 306.77% increase from a negative cash flow of CNY 6,823,879.92 in 2023[18]. - The total assets at the end of 2024 were CNY 316,575,121.15, up 2.52% from CNY 308,786,691.14 at the end of 2023[18]. - The net assets attributable to shareholders decreased by 12.16% to CNY 125,791,252.25 at the end of 2024, down from CNY 143,199,236.05 at the end of 2023[18]. - The basic and diluted earnings per share for 2024 were both CNY -0.12, a slight improvement from CNY -0.119 in 2023[18]. - The weighted average return on net assets was -9.60% for 2024, compared to -8.79% in 2023[18]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, amounting to CNY -19,050,297.27 in 2024, an improvement of 4.22% from CNY -19,890,060.79 in 2023[18]. Revenue and Sales - The company's total revenue for Q3 was 47,626,597.70 CNY, showing a significant increase compared to Q1's 33,208,353.96 CNY, representing a growth of approximately 43.5%[22]. - Revenue from the instrument and meter segment was CNY 67.72 million, down 18.86% year-on-year, while revenue from automotive fixtures increased by 29.65% to CNY 94.82 million[35]. - The company achieved a revenue of 162.54 million RMB for the year 2024, with sales primarily from pressure transmitters, electromagnetic flowmeters, and automotive testing tools[171]. Market and Industry Trends - The company reported a 4.3% year-on-year growth in the automation instrument manufacturing industry, with total revenue reaching 10,803.8 billion CNY[26]. - The automotive industry in China saw a production and sales volume of 31,282,000 and 31,436,000 vehicles respectively in 2024, reflecting a growth of 3.7% and 4.5% year-on-year[27]. - The automotive gauge industry is projected to see a 4.46% increase in overall vehicle sales and a 35.50% increase in new energy vehicle sales in 2024, creating a favorable environment for the automotive gauge sector[59]. Research and Development - Research and development expenses amounted to CNY 9.62 million, a 4.77% increase from the previous year[42]. - The company is committed to improving product performance and maintaining competitiveness through continuous R&D efforts[60]. - The company emphasizes the importance of protecting its technological innovations through patents and confidentiality agreements with technical staff[67]. Governance and Management - The company maintains complete independence from its controlling shareholder, ensuring autonomous business operations[72]. - The governance structure complies with relevant laws and regulations, with no significant discrepancies noted[71]. - The company is focused on enhancing its governance structure through the upcoming board changes[78]. - The company has appointed several key executives, including Xia Guang as a director and vice general manager of Shanghai Zhijiang (Group) Co., Ltd.[82]. Shareholder Information - The total number of shareholders at the end of the reporting period was 11,279[152]. - The largest shareholder, Shanghai Zizhu High-tech Zone (Group) Co., Ltd., holds 29.41% of the shares, totaling 42,190,000, with an increase of 7,169,300 shares during the reporting period[153]. - The total number of shares after the changes is 143,448,332, representing 100%[149]. Internal Controls and Compliance - The internal control system has been continuously improved to ensure compliance with regulations and enhance decision-making efficiency[106]. - The internal control audit report confirmed that the company maintained effective internal controls over financial reporting as of December 31, 2024[110]. - The company is focused on enhancing internal controls related to accounts receivable and inventory management to mitigate risks[175][176]. Financial Position - Cash and cash equivalents at the end of the period were CNY 89.62 million, up from CNY 53.37 million at the beginning of the year[185]. - Total current assets amounted to CNY 249.17 million, compared to CNY 241.36 million at the beginning of the year[185]. - The company's total equity decreased from ¥186,063,152.98 to ¥173,242,347.16, reflecting a decline of approximately 6.9%[187]. Risks and Challenges - The company continues to face uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profit figures over the last three accounting years[18]. - The company is expected to face delisting risk due to a negative net profit after excluding non-recurring gains and losses, with operating revenue below 300 million[61]. - The company faces significant competition in both the instrument and automotive gauge markets, necessitating improvements in product quality and marketing strategies[62].