*ST豆神(300010) - 2024 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2024 was ¥756,828,193.65, a decrease of 23.77% compared to ¥992,814,736.73 in 2023[21] - Net profit attributable to shareholders for 2024 was ¥137,134,214.29, representing a significant increase of 334.04% from ¥31,595,015.28 in 2023[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥100,223,434.06, up 119.86% from a loss of ¥504,557,268.97 in 2023[21] - The net cash flow from operating activities for 2024 was ¥19,429,137.60, down 66.44% from ¥57,888,816.87 in 2023[21] - Basic earnings per share for 2024 increased to ¥0.0664, a rise of 290.59% from ¥0.017 in 2023[21] - Total assets at the end of 2024 were ¥2,349,848,348.82, a decrease of 20.55% from ¥2,957,745,239.00 at the end of 2023[21] - Net assets attributable to shareholders at the end of 2024 were ¥1,622,088,497.60, an increase of 68.55% from ¥962,397,810.34 at the end of 2023[21] - The company reported a total of 36,910,780.23 in net income for 2024, a decrease from 536,152,284.25 in 2023[28] - Total revenue for 2024 was ¥756,828,193.65, a decrease of 23.77% compared to ¥992,814,736.73 in 2023[75] - Revenue from the information technology services sector was ¥750,044,866.42, accounting for 99.10% of total revenue, down 23.94% from ¥986,140,910.91 in 2023[75] - Revenue from educational products and management solutions was ¥642,162,046.09, representing 84.85% of total revenue, a decline of 26.01% from ¥867,872,600.83 in 2023[75] Business Strategy and Development - The company is actively expanding its AI education business, launching its self-developed AI model "Dou Shen AI" along with associated smart learning hardware[31] - The company is focusing on integrating and accelerating the development of its education business while expanding into the AI education sector[31] - The company is aligned with national strategies to strengthen education and technology, which supports its long-term growth objectives[32] - The company aims to integrate AI technology into various educational scenarios, leading to innovative educational practices[38] - The company plans to strengthen its existing business and expand into new areas, focusing on AI education and live-streaming e-commerce as new growth points[106] - The company is committed to developing products that align with national policies, such as the "Dou Shen Mei Yu" series, to supplement in-school education[106] - The company plans to expand its new business lines, including providing training for live streamers, leveraging its educational expertise and established training systems[110] Risk Management and Compliance - The company has identified potential risks in its future development, which are detailed in the management discussion section[5] - The company emphasizes that future plans and performance forecasts do not constitute substantive commitments to investors[3] - The company faces accounts receivable risks due to long payment approval processes, with a significant portion of contract amounts (5%-10%) being retained as warranty payments for one to three years[112] - The company is concerned about potential business risks related to regulatory changes affecting live streaming platforms and the reliance on individual streamers' capabilities[113] - The company faced regulatory penalties for unclear and inaccurate disclosures, receiving a public reprimand from the Shenzhen Stock Exchange on October 20, 2022[148] - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[151] Governance and Management - The company has established a market value management system to enhance investor returns and protect shareholder rights[116] - The company has conducted two shareholder meetings during the reporting period, ensuring equal treatment of all shareholders and their rights to participate in decision-making[120] - The company held 6 board meetings during the reporting period, ensuring compliance with legal and regulatory requirements[122] - The supervisory board convened 4 times, with all supervisors attending and fulfilling their responsibilities[124] - The company has established a performance evaluation system that combines quantitative and qualitative assessments for employees[125] - The company designated a board secretary to manage investor relations, ensuring timely communication and information disclosure[128] - The company maintains independence in assets, personnel, finance, and operations from its controlling shareholders[130] - The company has a complete and independent personnel management system, ensuring separation of employee compensation from controlling shareholders[131] - The company has established a clear governance structure with a board of directors, supervisory board, and various committees[130] Employee and Organizational Structure - The total number of employees at the end of the reporting period was 896, with 24 in the parent company and 812 in major subsidiaries[166] - Employee compensation totaled 67.1284 million yuan, accounting for 16.29% of the company's total costs[169] - The company has a structured salary policy that includes basic salary, performance salary, and annual performance bonuses based on individual and company performance[168] - The educational background of employees includes 3 with PhDs, 36 with master's degrees, 514 with bachelor's degrees, and 343 with associate degrees or below[167] - The company has implemented a one-year training program for new graduates to facilitate their transition into the workforce[170] Research and Development - R&D investment amounted to ¥52,523,893.95, representing 6.94% of operating revenue, up from 4.22% in the previous year[88] - The capitalized R&D expenditures reached ¥47,908,091.37, making up 91.21% of total R&D investment[88] - The company has developed a proprietary AI teaching engine based on domestic large model technology, significantly improving course production efficiency and teaching quality[39] - The company has built a strong AI team, completing advanced model graphs and algorithms in the field of language and literature education[70] Market Presence and Revenue Streams - The company achieved revenue of 258.64 million yuan from live e-commerce, including 87.55 million yuan from arts education services and 24.24 million yuan from AI education services[49] - The company is expanding its cultural tourism and research study business, offering diverse travel study programs that combine cultural education with travel experiences[45] - The company has a strong emphasis on developing a multi-dimensional smart education environment for various educational institutions[41] - The company has established strong partnerships with well-known figures in family education, enhancing product exposure and sales conversion rates through joint live broadcasts[49] Financial Management and Audit - The company reported a total remuneration of 7.7985 million yuan for directors, supervisors, and senior management during the reporting period[153] - The remuneration structure for senior management includes a base salary and performance-based pay, with the total remuneration linked to responsibilities and company performance[152] - The company held multiple board meetings during the reporting period, with significant decisions made on January 4, April 24, and May 24, 2024[156] - The board reviewed the audit report for the fiscal year 2024 and confirmed that the emphasis of matter paragraph does not affect the validity of the financial report[196] - The board reviewed the audit report for the fiscal year 2024 issued by Deloitte Touche Tohmatsu, which included an emphasis of matter paragraph but did not affect the validity of the financial report[197] - The remuneration for the domestic accounting firm Deloitte Touche Tohmatsu is 1 million RMB, and the continuous service period is 1 year[199]