Luster(SH:688400)2025-04-28 16:20Financial Performance - Total assets increased by 7.34% to CNY 5,458,597,353.56 in 2024 from CNY 5,085,195,018.26 in 2023[39] - Operating revenue decreased by 15.42% to CNY 2,233,776,309.22 in 2024 compared to CNY 2,640,930,848.22 in 2023[39] - Net profit attributable to shareholders decreased by 34.69% to CNY 107,065,006.86 in 2024 from CNY 163,934,934.32 in 2023[39] - The net profit after deducting non-recurring gains and losses decreased by 45.98% to CNY 66,044,202.71 in 2024 compared to CNY 122,262,229.85 in 2023[39] - The net cash flow from operating activities decreased by 30.00% to CNY 190,975,186.00 in 2024 from CNY 272,820,666.59 in 2023[39] - The weighted average return on net assets decreased by 1.46 percentage points to 2.70% in 2024 from 4.16% in 2023[39] - Research and development expenditure accounted for 19.89% of operating revenue in 2024, an increase of 2.48 percentage points from 17.41% in 2023[39] - In Q1 2024, the company reported an operating revenue of CNY 443,427,489.50, with a net profit attributable to shareholders of CNY -6,675,129.96[44] - In Q2 2024, the operating revenue increased to CNY 644,764,289.87, with a net profit attributable to shareholders of CNY 93,938,388.22[44] - The company experienced a significant cash inflow in Q4 2024, with a net cash flow from operating activities of CNY 312,171,850.15[44] - The company's revenue for the reporting period was 2.234 billion yuan, a decrease of 15.42% year-on-year[53] - The net profit attributable to shareholders was 107 million yuan, down 34.69% compared to the same period last year[53] - The gross profit margin improved to 34.66%, an increase of 3.72 percentage points year-on-year[53] Dividend Distribution - The company plans to distribute a cash dividend of 0.25 yuan per 10 shares, totaling approximately 11.37 million yuan (including tax) based on the current total share capital of 463.5 million shares[5] - The total cash dividend for the year amounts to approximately 163.90 million yuan, which represents 153.08% of the net profit attributable to shareholders of the parent company[5] Product Development and Innovation - The company has established a comprehensive product matrix in machine vision, including prism cameras, area array cameras, line scan cameras, and smart cameras, to meet diverse imaging needs across various industries[12] - The company has developed an industrial general vision large model, F.Brain, to address detection challenges in industrial manufacturing, particularly for small sample and fragmented scenarios[12] - The company is actively expanding its product offerings in optical communication, focusing on next-generation products such as OCS all-optical switches and automated photonic wire bonding solutions[10] - The company plans to launch a series of innovative products and solutions in the AI and optical communication fields, including smart factory solutions and 3D detection applications[53] - The current AI-driven market is still in its early stages, with expectations for significant scale effects as the market matures[53] - The company is undergoing a strategic shift driven by AI demand, marking 2024 as a pivotal year for this transition[53] Strategic Partnerships and Market Position - The company has formed strategic partnerships with leading clients such as Apple, Foxconn, Huawei, and Xiaomi, leveraging over 20 years of industry experience[11] - The company has a leading position in the machine vision industry, serving major clients such as Apple, Huawei, and CATL, and has received multiple national awards for its technological advancements[27] - The Chinese machine vision industry is transitioning from low-end to high-end markets, with significant growth opportunities as domestic companies close the technology gap with international competitors[23] Technology and Research - The company has established a research and development model that includes general technology research and application product development, focusing on four core technologies: optical imaging, intelligent software, intelligent algorithms, and precision automation[18] - New technologies such as deep learning and embedded vision are expanding the diversity of machine vision products and solutions, significantly increasing market potential[28] - Deep learning enhances traditional machine vision algorithms, achieving up to 99% accuracy in applications within the 3C electronics and new energy sectors, while reducing hardware procurement costs[30] - Embedded vision systems integrate machine vision technology into embedded systems, improving development speed and system reliability[31] Sales and Production Model - The sales model is primarily direct sales, supplemented by a distribution model, allowing the company to maintain effective communication with well-known industry clients and respond quickly to customer needs[19] - The production model is based on a "sales-driven production" approach, combining in-house and outsourced production to optimize resource allocation and cost efficiency[22] - The company has implemented a comprehensive supplier evaluation and supply chain management system, enhancing procurement decision-making efficiency and quality[20] Efficiency and Yield Improvement - The company’s intelligent visual equipment significantly enhances detection efficiency and product yield compared to manual inspection methods[13] - The company’s FZMotion optical motion capture system offers industry-leading high-precision 3D positioning and tracking capabilities, enabling real-time calculations of human skeletal movements[15] - The company’s Lustage light field modeling system creates high-precision digital assets for human models and lighting material characteristics[15] - The company focuses on high-end optical fiber devices and instruments, establishing long-term strategic partnerships with renowned global suppliers[16]