CSBM(SZ:000158)2025-04-28 16:50Financial Performance - The company's operating revenue for 2024 was ¥8,818,335,256.03, a decrease of 2.52% compared to ¥9,046,517,603.44 in 2023[25]. - The net profit attributable to shareholders for 2024 was ¥593,467,183.44, representing a significant decline of 408.85% from a profit of ¥116,629,439.10 in 2023[25]. - The net cash flow from operating activities for 2024 was -¥867,783,142.92, a decrease of 179.68% compared to ¥1,097,674,896.47 in 2023[25]. - The total assets at the end of 2024 were ¥16,415,456,855.91, down 8.16% from ¥17,259,750,622 in 2023[24]. - The net assets attributable to shareholders decreased by 15.60% to ¥5,373,836,896.59 in 2024 from ¥6,367,223,476.17 in 2023[24]. - The basic earnings per share for 2024 was -¥0.37, a decline of 428.57% from -¥0.07 in 2023[25]. - The company reported a significant increase in non-recurring gains and losses, totaling ¥42,904,848.64 in 2024 compared to ¥173,381,731.49 in 2023[31]. - The company experienced a negative net profit for all four quarters of 2024, with the fourth quarter showing a loss of -¥294,420,606.60[29]. - The revenue after deducting non-recurring items for 2024 was ¥8,682,961,239.00, compared to ¥8,912,994,723.86 in 2023[25]. - The company indicated uncertainty regarding its ability to continue as a going concern, as the net profit for the last year was negative[25]. Business Restructuring - The company underwent a significant asset restructuring in 2015, acquiring North Ming Software, which expanded its business from textiles to software and information technology services[21]. - In November 2024, the company completed an asset swap, divesting its textile business and focusing solely on software and information technology services[22]. - The company has transitioned its main business focus from software and textiles to solely software, following an asset swap that included the divestment of its textile operations[39]. - The textile segment reported a revenue of 1.443 billion yuan in 2024, a decrease of 28.95%, with a net loss of 603 million yuan, marking a 153.66% increase in losses year-on-year[38]. Software and IT Services - In 2024, the company's software segment achieved revenue of 7.376 billion yuan, an increase of 5.13% year-on-year, but net profit decreased by 92.19% to 0.09 billion yuan due to intense market competition and tightened government budgets[36]. - The software industry in China reported a revenue of 1.37276 trillion yuan in 2024, a year-on-year growth of 10.0%, with total profits reaching 169.53 billion yuan, up 8.7%[35]. - The information technology service revenue was 921.9 billion yuan, growing by 11.0% year-on-year, accounting for 67.2% of the total industry revenue[35]. - The company’s software business includes system integration and industry solutions, with a focus on sectors such as finance, government, and smart manufacturing[40]. - The company is actively developing innovative solutions in smart city applications, with projects implemented in multiple provinces including Guangdong and Hebei[41]. Research and Development - The company has established multiple research centers and partnerships with universities to enhance its technological capabilities and promote data resource integration and sharing[52]. - As of the end of 2024, the company has obtained 749 software copyrights, 32 invention patents, and 2 utility model patents, contributing to over 700 leading software products in the domestic market[54]. - The company has reported a significant increase in R&D investment aimed at improving its operational capabilities and technological advancements[86]. - The number of R&D personnel decreased by 31.08% from 1,763 in 2023 to 1,215 in 2024, with the proportion of R&D personnel increasing from 45.15% to 56.30%[97]. - R&D investment amount fell by 30.01% from ¥351,521,477.10 in 2023 to ¥246,017,843.72 in 2024, with the proportion of R&D investment to operating income decreasing from 3.89% to 2.79%[98]. Market Strategy and Partnerships - The company has established strategic partnerships with industry leaders like Huawei and Hikvision to expand its market share in digital government and digital economy projects[36]. - The company plans to focus on expanding its market presence in the internet and operator sectors to drive future growth[64]. - The company aims to strengthen strategic partnerships with leading international firms like Huawei and enhance collaboration with government ministries and state-owned enterprises to capture sales opportunities[134]. - The company is exploring potential mergers and acquisitions to bolster its competitive position and diversify its product portfolio[157]. Compliance and Governance - The company has a robust independent governance structure, ensuring operational independence from its controlling shareholder[142]. - The company has implemented independent financial management practices, including separate accounting systems and bank accounts, to maintain financial autonomy[147]. - The company faced regulatory measures from the Hebei Securities Regulatory Bureau for failing to disclose the economic compensation contract as required by law[165]. - The company has committed to rectifying its information disclosure practices to prevent future violations[165]. - The board has proposed a budget report for the 2024 fiscal year, which includes financial forecasts and strategic initiatives[169]. Employee and Management Changes - The company experienced a management change with the resignation of Chairman Wu Ning on February 26, 2024, due to organizational adjustments[153]. - Vice President Liu Hui retired on July 8, 2024, leading to a vacancy in the executive team[154]. - The company has seen a total of five senior management changes within the reporting period, indicating a significant turnover[155]. - The total number of employees at the end of the reporting period is 2,158, with 3,735 employees receiving salaries during the period[179]. Environmental and Social Responsibility - The company has not faced any administrative penalties for environmental issues during the reporting period and adheres to environmental protection laws[195]. - The company has achieved compliance with national pollution discharge standards, with all wastewater and emissions meeting regulatory requirements[196]. - The company actively participates in community activities and has made donations to various educational and disaster relief funds, fulfilling its corporate social responsibility[197].