ATC(SZ:002227)2025-04-29 13:05Financial Performance - The company's operating revenue for 2024 was CNY 348,114,581.36, representing a 16.95% increase from CNY 297,653,968.87 in 2023[22]. - The net profit attributable to shareholders for 2024 was a loss of CNY 52,859,917.22, which is a 22.77% decline compared to a loss of CNY 40,162,973.19 in 2023[22]. - The net cash flow from operating activities for 2024 was CNY -18,973,008.56, a significant decrease of 468.46% from CNY -41,668,781.51 in 2023[22]. - The total assets at the end of 2024 were CNY 1,614,893,582.90, marking a 4.77% increase from CNY 1,561,684,425.76 at the end of 2022[22]. - The net assets attributable to shareholders decreased by 5.00% to CNY 1,004,177,238.84 at the end of 2024 from CNY 1,100,163,060.03 at the end of 2022[22]. - The company reported a quarterly operating revenue of CNY 126,589,916.66 in Q4 2024, which is part of a total annual revenue of CNY 348,114,581.36[28]. - The company achieved a total operating revenue of ¥348,114,581.36 in 2024, representing a year-on-year increase of 16.95% compared to ¥297,653,968.87 in 2023[112]. - The industrial segment contributed ¥327,555,630.21, accounting for 94.09% of total revenue, with a year-on-year growth of 20.25%[112]. - The revenue from new energy electric vehicle charging equipment reached ¥61,021,971.70, marking a 26.20% increase from ¥48,353,983.71 in the previous year[112]. - The company reported a significant decline in the energy storage business revenue, which fell by 72.74% to ¥659,876.12 from ¥2,420,490.43 in the previous year[113]. - Domestic sales accounted for 99.78% of total revenue, with a year-on-year increase of 18.84%, while international sales dropped by 85.53% to ¥780,067.10[112]. Business Operations - The company’s main business has not changed since its listing, indicating stability in operations[20]. - The company has not disclosed any changes in its controlling shareholders since its listing, indicating consistent ownership[20]. - The company has established a joint laboratory with Hong Kong Polytechnic University to advance research in sustainable new power systems[41]. - The company has participated in major projects such as the world's largest green energy project base, including the Baihetan Hydropower Station and the Jiangsu Rudong offshore wind project[42]. - The company has delivered over 50,000 industrial power supply units, maintaining a leading market share in both State Grid and Southern Grid for several consecutive years[44]. - The company has installed over 300 MW of charging power across various electric vehicle charging stations nationwide, making it one of the earliest entrants in the electric vehicle charging sector in China[48]. - The company has invested in and operated over 150 flexible public charging demonstration stations across multiple cities, achieving a 30% increase in charging equipment utilization compared to traditional fixed-power charging devices[49]. - The company operates the largest public charging network in China with a total installed capacity exceeding 200 MW, and has a self-built distribution capacity of over 170 MVA[52]. - The company has initiated research on key devices for bidirectional interaction between electric vehicles and the grid, including V2G charging and discharging machines, and has developed a unified charging operation monitoring cloud platform[54]. - The company has been a pioneer in the energy storage sector since 2010, producing energy storage inverters with power ranges from 30 kW to 3.4 MW, applicable in various energy systems[56]. - The company has delivered over 20,000 sets of high-voltage energy extraction power supplies for major projects, including the world's highest voltage level and largest capacity flexible direct current projects[60]. Research and Development - The company has a patent portfolio of nearly 200 and has drafted over 70 IEC international standards, showcasing its strong R&D capabilities[41]. - The company aims to enhance its core competitiveness through technological iteration, market diversification, and supply chain optimization[35]. - The company has developed a ChaoJi charging system that enhances the maximum output capacity of a single charging port to 600 kW, enabling a 300 km range with just 5 minutes of charging, positioning its technology at an international leading level[50]. - The company has developed several industry-leading products, including a 27.5kV high-power railway power fusion device that has been in stable operation for 5 years[93]. - The company has launched a series of innovative products, including a new 3KW and 6KW power module, enhancing its product line and core competitiveness[103]. - The company has established a new delivery center and optimized its organizational structure to enhance cost control and customer service[105]. - The company has received multiple certifications, including ISO9001, ISO14001, and ISO45001, ensuring a robust quality management system[99]. - The company has implemented a comprehensive quality management system, achieving its quality, environmental, and occupational health safety goals for 2024[108]. - The company aims to enhance product performance and reduce costs through new technology developments, including the fourth-generation DC power supply module and various charging devices[124]. - The company is focused on expanding its market presence and enhancing its product offerings in the power equipment sector[200]. Market Trends and Future Outlook - The industrial power sector is expected to see increased demand due to the government's push for non-fossil energy consumption to reach 20% by 2025[34]. - The new energy vehicle market is expected to continue growing, driven by government policies and infrastructure development, with a focus on charging facilities[37]. - The company anticipates a continued increase in electricity demand, with a projected growth rate of 6.8% in 2024[155]. - The company aims to enhance its market competitiveness and maximize the benefits of the electric vehicle public charging station project through strategic adjustments[146]. - The company plans to focus on direct sales in the new energy vehicle charging business, leveraging a stable R&D team and strong marketing capabilities to meet customized customer needs[160]. - The company will actively participate in overseas exhibitions to expand sales channels for new energy vehicle charging equipment, anticipating significant growth in exports[160]. - The company acknowledges potential risks from increasing overseas operations, including political, economic, and currency risks, and plans to adjust strategies accordingly[170]. Corporate Governance - The company has established a governance structure that ensures compliance with relevant laws and regulations, maintaining independence from its controlling shareholder[176]. - The company held 5 supervisory board meetings during the reporting period, ensuring compliance with regulations and protecting shareholder interests[178]. - The company implemented a scientific and effective incentive and restraint mechanism for directors, supervisors, and senior management to align with strategic development goals[180]. - The company has established independent financial management systems, ensuring no interference from controlling shareholders in financial decisions[185]. - The company has a complete and independent business structure, with no competition or dependency on controlling shareholders[184]. - The company has established a complete governance structure, including a board of directors, supervisory board, and management team, operating independently[185]. - The company actively engages with stakeholders to balance interests and fulfill social responsibilities[181]. - The company ensures timely and accurate information disclosure, enhancing transparency and communication with investors[182]. Subsidiary Performance - Major subsidiaries reported varying financial performances, with Shenzhen Aotexun Technology Co., Ltd. showing a net loss of 2,999,743.94[151]. - The total assets of the main subsidiary, Xi'an Aotexun Electric Power Equipment Co., Ltd., amounted to 31,175,456.46, with a net loss of 407,735.07[151]. - The company’s subsidiary, Shenzhen Aotexun Energy Technology Co., Ltd., reported a net loss of 144,612.98[151]. - The company’s subsidiary, Beijing Aotexun Technology Co., Ltd., had a net loss of 471,403.81[151]. - The total revenue for the main subsidiary, Shenzhen Qianhai Aotexun New Energy Service Co., Ltd., was 44,678,383.55[151]. - The company established new subsidiaries to optimize the layout of the new energy vehicle charging business, including Baoding, Beijing, and Haikou[154].