CES(SZ:300469)2025-04-28 18:05Financial Performance - The company's operating revenue for 2024 was ¥268,727,275.92, representing a 9.02% increase from ¥246,483,467.57 in 2023[21]. - The net profit attributable to shareholders for 2024 was -¥117,684,069.36, an improvement of 36.35% compared to -¥184,883,477.63 in 2023[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥127,819,199.94, a 33.02% improvement from -¥190,823,637.74 in 2023[21]. - The basic earnings per share for 2024 was -¥0.47, showing a 40.51% improvement from -¥0.79 in 2023[21]. - The total assets at the end of 2024 were ¥1,190,475,888.63, a decrease of 11.54% from ¥1,345,760,771.51 at the end of 2023[21]. - The net assets attributable to shareholders at the end of 2024 were ¥459,540,775.60, down 20.39% from ¥577,224,844.96 at the end of 2023[21]. - The cash flow from operating activities for 2024 was -¥61,486,116.57, an 18.94% improvement from -¥75,848,785.72 in 2023[21]. - The company reported a weighted average return on equity of -22.70% for 2024, an improvement from -41.57% in 2023[21]. - Revenue from the Smart Transportation sector decreased by 41.03% to ¥23,068,288.20, while the Smart Government sector saw an 18.13% increase to ¥243,579,066.47[196]. - System Integration revenue surged by 127.68% to ¥88,423,485.29, while Technical Support and Services revenue fell by 20.70% to ¥106,859,336.57[196]. - The gross margin for the Smart Transportation sector decreased by 47.21%, while the Smart Government sector's gross margin improved by 5.02%[199]. - The company reported a significant increase in revenue from the Southwest region, up 1,201.29% to ¥24,835,396.97[196]. - The Northeast region's revenue plummeted by 86.38%, highlighting significant regional performance disparities[196]. - The company achieved a notable improvement in overall revenue and gross margin compared to 2023, indicating a positive trend in financial performance[193]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the board of directors and management[3]. - All directors attended the board meeting to review the report, ensuring comprehensive oversight[3]. - The company has established a dedicated office for the board of directors to maintain proper documentation and oversight[11]. - The company is committed to transparency in its financial disclosures, including audit reports and other relevant documents[9]. - The company has not reported any significant discrepancies between financial reports prepared under international and Chinese accounting standards[24]. Strategic Focus and Development - The company is involved in various technology sectors, including artificial intelligence and the Internet of Things (IoT)[14]. - The company aims to leverage AI and big data technologies to drive digital transformation in the transportation sector, aligning with national strategies for economic development[31]. - The integration of smart transportation and smart cities is a key trend, with the Beidou technology providing high-precision positioning and real-time data transmission, enhancing urban management efficiency[37]. - The company continues to strengthen its position as a new intelligent enterprise providing data products and low-carbon transformation solutions for smart transportation and digital cities, leveraging advanced technologies such as Beidou, big data, blockchain, and artificial intelligence[54]. - The company is actively participating in national and provincial R&D projects to promote the application and innovation of Beidou technology in the smart transportation field[58]. - The company is committed to advancing smart transportation and intelligent city development through continuous technological innovation[74]. - The company is actively expanding its market presence in smart cities by offering customized services in urban management, public safety, and energy management[156]. Technology and Innovation - The company has developed and operated a vehicle networking platform that provides real-time monitoring, data analysis, and safety management, enhancing the competitiveness of the vehicle networking ecosystem[57]. - The company has implemented the GBCM proactive safety risk control system to reduce traffic accident rates and improve the safety management level of operating vehicles[58]. - The Beidou Free Flow project achieved a simulation billing accuracy of 99.99% and positioning accuracy of approximately one meter, significantly enhancing traffic management efficiency and user experience[57]. - The company has developed a digital asset management platform for smart transportation, enabling real-time monitoring and management of roads, bridges, and monitoring equipment[80]. - The platform supports lifecycle tracking of assets, allowing for predictive maintenance and reducing the risk of traffic disruptions[81]. - The company has developed a comprehensive intelligent risk control system that includes the ASLM risk control model, which enhances data analysis capabilities and reduces accident rates[183]. - The ASLM risk control model can be integrated into various platforms, enhancing overall safety and operational efficiency in the smart transportation sector[183]. - The company has developed a comprehensive health monitoring solution for road network infrastructure, integrating Beidou technology with drone and remote sensing technologies for intelligent monitoring[168]. - The company has established a full-chain capability system for data element value transformation, covering data collection, processing management, standard services, and ecosystem closure, enhancing its data asset operation model[175]. Market Trends and Projections - The data factor market in China is projected to reach ¥166.2 billion in 2024, with a growth rate of 22% expected by 2025[33]. - The global AI Agent market is expected to exceed several billion dollars by 2025, driven by its application in smart city systems for traffic flow prediction and emergency response[38]. - The smart transportation market in China is projected to exceed CNY 1 trillion by 2025, with a compound annual growth rate (CAGR) of over 15%[45]. - The AI government market in China is expected to reach CNY 380 billion by 2025, showcasing significant growth potential[44]. - By 2030, major cities in China are expected to have fully established smart transportation systems, with a significant increase in the penetration rate of smart connected vehicles[47]. Compliance and Risk Management - The company emphasizes compliance with national data security policies, ensuring data management aligns with regulations to mitigate risks[182]. - The company has a comprehensive risk management team that supports its projects in big data applications and data security[146]. - The company holds top-level security qualifications for information system integration and software development, enhancing its competitive edge in sensitive project execution[116]. - The company has achieved various certifications, including CMMI3 and multiple management system certifications, enhancing its operational credibility[145]. Product and Service Offerings - The company has developed a food supply chain safety traceability system using Beidou, AI, blockchain, and big data, ensuring transparency and accountability in food safety[113]. - The company has launched digital solutions in smart agriculture and digital regulation, including a comprehensive agricultural product quality safety traceability system and a refined oil market supervision platform, enhancing agricultural production management and regulatory support[133]. - The company has developed a SaaS system for food traceability, providing standardized and modular management solutions for food production, circulation, and retail enterprises[132]. - The company has launched an AI-powered intelligent prediction model for inventory monitoring and emergency distribution, ensuring stable urban supply[132]. - The company has developed various intelligent management platforms, including the integrated intelligent management platform for archives, which was registered on December 27, 2021[140].