恒实科技(300513) - 2024 Q4 - 年度财报

Financial Performance - The company reported a net loss attributable to shareholders of RMB 992,332,933.57 for the year 2024, primarily due to intensified industry competition, increased costs, and project delays from major clients [4]. - The overall gross margin significantly declined as the proportion of low-margin businesses increased while high-margin businesses decreased, adversely affecting the company's operating performance [5]. - The company recognized an impairment loss on goodwill amounting to RMB 505,813,424.53 based on a cautious assessment of future market conditions [5]. - Credit impairment and asset impairment (excluding goodwill) were provisioned at RMB 225,764,049.89 during the reporting period [5]. - The company’s profit distribution plan proposed no cash dividends or bonus shares for shareholders, maintaining a base of 313,691,155 shares [6]. - The company's operating revenue for 2024 was ¥1,113,791,117.99, a decrease of 17.30% compared to ¥1,346,861,771.47 in 2023 [19]. - The net profit attributable to shareholders for 2024 was -¥992,332,933.57, representing a decline of 2,492.37% from ¥41,479,002.89 in 2023 [19]. - The basic earnings per share for 2024 was -¥3.1634, down 2,492.89% from ¥0.1322 in 2023 [19]. - The total assets at the end of 2024 were ¥3,609,561,788.60, a decrease of 21.66% from ¥4,607,319,655.01 at the end of 2023 [19]. - The company's cash flow from operating activities for 2024 was -¥13,331,916.23, an improvement of 25.41% compared to -¥17,873,419.30 in 2023 [19]. - The company reported a total of ¥2,083,747.61 in non-recurring gains for 2024, down from ¥4,458,226.64 in 2023 [25]. - The company experienced a significant decline in net assets, which were ¥1,405,606,270.43 at the end of 2024, a decrease of 41.64% from ¥2,408,408,957.25 at the end of 2023 [19]. Operational Strategy and Market Position - The company is positioned in the software and information technology services industry, which is expected to grow with a projected software business revenue of ¥14 trillion by 2025, growing at an annual rate of over 12% [30]. - The company focuses on digital energy solutions, integrating traditional power technology with IoT, big data, and 5G to support the digital transformation of the energy sector [32]. - The government has issued supportive policies for the digital economy, indicating a favorable environment for the company's growth in digital services [29]. - The company is actively developing new products and technologies, focusing on a 1+N+M product system, which includes a foundational development platform and multiple application solutions [38]. - The company is involved in multiple green energy projects, including a photovoltaic energy storage and charging integration project, demonstrating its capabilities in the renewable energy sector [34]. - The company has secured contracts for integrated design projects with provincial telecom operators, indicating a strong market expansion strategy [35]. - The company has developed new products such as the energy aggregation interactive response platform and carbon emission big data management platform, enhancing its competitiveness in the digital energy sector [40]. - The company has established a core technology platform for IoT big data, focusing on continuous innovation and upgrades as a primary R&D strategy for the next five years [49]. - The company has successfully bid for multiple digital energy and IoT application projects with State Grid and Southern Power Grid, reinforcing its leading position in the digital service sector of the electric power industry [59]. Research and Development - The company has filed for 62 invention patents, 95 utility model patents, and 558 software copyrights as of the end of the reporting period, showcasing its commitment to innovation [40]. - The company’s R&D investment amounted to ¥99,576,825.20 in 2024, a decrease of 19.0% from ¥122,957,892.84 in 2023 [86]. - R&D expenditure accounted for 8.94% of the operating revenue in 2024, slightly down from 9.13% in 2023 [86]. - The number of R&D personnel decreased by 21.20% to 446 in 2024 from 566 in 2023 [83]. - The company completed the first phase of the carbon emission big data management platform, achieving its overall task objectives [83]. - The virtual power plant (VPP) platform's R&D capitalized amount reached ¥6,762,418.14, supporting the company's participation in market operations [85]. - The energy aggregator operation management platform's R&D capitalized amount was ¥12,507,656.76, focusing on data integration and intelligent control [85]. - The company has developed advanced algorithms for resource management and real-time modeling in its energy aggregator platform [83]. Governance and Compliance - The company’s financial report received a qualified audit opinion from the accounting firm, indicating areas of concern that require attention [3]. - The company has identified certain deficiencies in non-financial reporting internal controls and plans to implement effective corrective measures [3]. - The company emphasizes information disclosure and investor relations, ensuring timely and accurate information release [125]. - The company has established an internal audit system to enhance governance and compliance [125]. - The internal control audit opinion states that the company maintained effective financial reporting internal controls as of December 31, 2024 [162]. - A significant defect in non-financial reporting was noted, related to providing services without signed contracts and lacking effective risk assessment measures [166]. - The company has established new measures to strengthen collection efforts as part of its contract management improvements [167]. Shareholder Relations and Dividends - The company plans to distribute a cash dividend of 0.35 CNY per 10 shares, based on a total share capital of 313,691,155 shares as of December 31, 2023 [151]. - The cash dividend policy complies with the company's articles of association and shareholder resolutions, with clear standards and ratios [152]. - The company reported no cash dividends or stock bonuses for the 2024 fiscal year, despite having positive distributable profits [154]. - The company conducted an online performance briefing in May 2024 to engage with investors and discuss its financial results [118]. - The company held a total of 4 shareholder meetings during the reporting period [122]. Risk Management - The management discussion section outlines potential risks in the company's operations and corresponding mitigation strategies for future development [5]. - The company does not face significant risks regarding its ability to continue as a going concern [5]. - The company faces risks related to product technology innovation due to rapid changes in the software and information technology service industry [115]. - The company is addressing seasonal revenue fluctuations by improving budget management and enhancing its risk resilience through industry expansion efforts [116]. - The company has a significant accounts receivable balance, which poses a risk of liquidity shortages if not managed properly [116]. Social Responsibility and Environmental Initiatives - The company has established an environmental management system certified by ISO14001:2015, ISO9001:2015, and ISO45001:2018, with no administrative penalties for environmental issues during the reporting period [169]. - The company has implemented measures to reduce carbon emissions, including the elimination of high-energy-consuming equipment and the adoption of energy-saving technologies [170]. - The company actively engages in social responsibility, providing quality services and creating economic benefits while ensuring compliance with laws and regulations [171]. - The company conducted investor protection activities, including the "5.15 National Investor Protection Publicity Day" and "Shareholders Come" events, to promote investor rights awareness [172]. - The company has established a mutual aid foundation to support employees in need and contribute to social welfare, including donations to orphanages and support for disabled individuals [172].