柯力传感(603662) - 2024 Q4 - 年度财报(更正)

Definitions Company Profile and Key Financial Indicators Key Accounting Data and Financial Indicators for the Past Three Years In 2024, the company's operating revenue increased by 20.79%, primarily due to newly consolidated subsidiaries; however, net profit attributable to parent company decreased by 16.62%, while net profit attributable to parent company after deducting non-recurring gains and losses grew by 10.67%, indicating enhanced profitability from core operations, and net cash flow from operating activities slightly decreased by 10.80% Key Accounting Data 2022-2024 (RMB) | Key Accounting Data | 2024 | 2023 | YoY Change (%) | 2022 | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 1,295,126,038.72 | 1,072,180,742.92 | 20.79 | 1,060,502,208.58 | | Net Profit Attributable to Shareholders of Listed Company | 260,508,314.67 | 312,430,840.16 | -16.62 | 260,121,796.77 | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses | 192,609,357.04 | 174,032,109.70 | 10.67 | 166,496,388.44 | | Net Cash Flow from Operating Activities | 169,883,611.56 | 190,445,454.86 | -10.80 | 177,231,257.15 | | Net Assets Attributable to Shareholders of Listed Company | 2,672,003,550.21 | 2,529,926,084.50 | 5.62 | 2,293,890,559.93 | | Total Assets | 4,477,758,523.88 | 3,838,081,061.92 | 16.67 | 3,539,093,785.12 | Key Financial Indicators 2022-2024 | Key Financial Indicators | 2024 | 2023 | YoY Change (%) | 2022 | | :--- | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (RMB/share) | 0.92 | 1.10 | -16.36 | 0.92 | | Basic Earnings Per Share After Deducting Non-Recurring Gains and Losses (RMB/share) | 0.68 | 0.62 | 9.68 | 0.59 | | Weighted Average Return on Net Assets (%) | 10.02 | 12.95 | Decrease of 2.93 percentage points | 11.64 | | Weighted Average Return on Net Assets After Deducting Non-Recurring Gains and Losses (%) | 7.40 | 7.22 | Increase of 0.18 percentage points | 7.45 | Key Quarterly Financial Data for 2024 The company's operating revenue in 2024 showed a quarter-on-quarter growth trend, increasing from 248 million RMB in Q1 to 376 million RMB in Q4, while net profit attributable to the parent company remained relatively stable at around 73.8 million RMB in Q2 and Q3, but declined to 69.88 million RMB in Q4 Key Quarterly Financial Data for 2024 (RMB) | Item | Q1 (Jan-Mar) | Q2 (Apr-Jun) | Q3 (Jul-Sep) | Q4 (Oct-Dec) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 248,326,603.28 | 306,941,720.20 | 363,496,374.10 | 376,361,341.14 | | Net Profit Attributable to Shareholders of Listed Company | 43,021,686.12 | 73,808,156.03 | 73,794,885.09 | 69,883,587.43 | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses | 38,758,220.76 | 61,230,708.56 | 58,968,335.64 | 33,652,092.08 | | Net Cash Flow from Operating Activities | 8,017,725.45 | 61,127,114.78 | 78,363,694.60 | 22,375,076.73 | Non-Recurring Gains and Losses Items and Amounts Total non-recurring gains and losses in 2024 amounted to 67.9 million RMB, a significant decrease from 138 million RMB in 2023, primarily due to a reduction in fair value changes of financial assets from 132 million RMB to 67.8 million RMB Non-Recurring Gains and Losses Items (RMB) | Non-Recurring Gains and Losses Item | 2024 Amount | 2023 Amount | 2022 Amount | | :--- | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | -10,463,811.02 | 2,217,587.93 | 209,392.64 | | Government Grants Recognized in Current Profit/Loss | 25,002,630.51 | 34,684,212.88 | 54,621,299.59 | | Gains/Losses from Fair Value Changes of Financial Assets and Liabilities | 67,795,279.34 | 132,190,489.77 | 59,856,428.62 | | Other Non-Operating Income and Expenses | 419,678.68 | -1,491,439.25 | 431,784.17 | | Total | 67,898,957.63 | 138,398,730.46 | 93,625,408.32 | Management Discussion and Analysis Discussion and Analysis of Operations During the reporting period, the company's strategic layout showed initial results, focusing on four key areas: completing strategic investments in nine projects across four segments to build a 'sensor forest'; deepening post-investment management and empowerment with the 'KMS Group Management System' as the core; vigorously developing 'new four' sensors like six-axis force and tactile sensors, focusing on emerging industries such as robotics; and steadily advancing the construction of three industrial parks in Ningbo, Zhengzhou, and Shenzhen to form industrial clusters - In 2024, the company's operating revenue reached 1.295 billion RMB, a 20.79% year-on-year increase; net profit attributable to the parent company was 261 million RMB, a 16.62% year-on-year decrease; and net profit after deducting non-recurring gains and losses was 193 million RMB, a 10.67% year-on-year increase[33] New Strategic Investment Projects in 2024 | Four Major Segments | Invested Company | Equity Relationship | Core Products | | :--- | :--- | :--- | :--- | | Intelligent Industrial Measurement & Control and Metrology | Ruibide Sensing | Controlling | Temperature/Humidity Sensors, Pressure Sensors | | | Dongda Sensing | Controlling | High-End Temperature Sensors | | | Taozi Automation | Controlling | Industrial Automation Equipment | | | Feixuan Sensing | Controlling | Current, Power Sensors | | | Midefangge | Associate | Sensor Chips | | Smart Logistics Monitoring | Zhixing IoT | Controlling | Unmanned Warehouses, Storage Equipment | | Energy and Environmental Equipment Measurement | Yushan Sensing | Controlling | Water Quality Sensors | | | Boyuan Sensing | Controlling | Vibration, Tilt Sensors | | Robot Sensing | Deyee Robot | Invested by Industrial Fund | Physical Therapy Health Robot AI | | | Kepler Robot | Associate | Humanoid Robots, Dexterous Hands | - The company promotes its group-wide strategy around the "KMS Group Management System" through eight empowerment centers (Business, R&D, Investment, Procurement, Finance & Audit, Human Resources, Management, Manufacturing), achieving resource integration and collaborative innovation between parent and subsidiary companies[37][38][39] - The company is comprehensively advancing the development of 'new four' sensors, including six-axis force, robot joint force/torque, tactile, and multi-physical quantity sensors, with six-axis force sensors already sampled to over 50 robotics customers and some entering mass production orders[40] - The construction of three industrial parks in Ningbo, Zhengzhou, and Shenzhen is steadily progressing, enhancing the company's production capacity and laying the foundation for building a sensor industry cluster[42][43] Industry Overview The intelligent sensing industry is in a rapid development phase, driven by policy support, technological breakthroughs, and application expansion, with technological trends moving towards high performance, miniaturization, digitalization, and integration, while expanding applications in industrial manufacturing, automotive, IoT, and robotics provide vast growth opportunities, accelerating the domestic substitution process - Industry development is driven by three key factors: national and local policy support, technological breakthroughs in material science and AI, and the continuous expansion of application scenarios in industrial, automotive, IoT, and robotics sectors[44][45] Business Operations The company's main business involves sensor R&D, manufacturing, and sales, along with IoT system integration, offering sensor products covering various physical quantities such as weighing, force measurement, six-axis force, water quality, and electrical parameters, while its IoT business provides system solutions for smart logistics, intelligent warehousing, and mining geophysical exploration, operating under a centralized procurement, flexible production, and group-wide vertical marketing model - The company's main business includes the research, development, production, and sales of various sensors, as well as industrial IoT application solutions based on sensors[46] Sensor Subsidiaries and Core Products | Company | Key Products and Application Areas | | :--- | :--- | | Keli Sensing (Parent Company) | Weighing, Force Sensors and Instruments; Six-Axis Force/Torque Sensors | | Yuyao Pacific (Controlling) | Weighing Sensors (Metallurgy, Chemical Industry) | | Yushan Sensing (Controlling) | Water Quality Sensors | | Keli Sandian (Controlling) | Power, Current Sensors (New Energy, Rail Transit) | | Feixuan Sensing (Controlling) | Power, Current Sensors (Power Supply, Electricity) | | Ruibide (Controlling) | Temperature/Humidity Sensors, Pressure Sensors | | Boyuan Electronics (Controlling) | Vibration, Tilt, Cable Force Sensors | | Dongda Sensing (Controlling) | High-Temperature Sensors | | Chicheng Shares (Associate) | Industrial Gas Sensors | System Integration Subsidiaries and Core Products | Company | Key Products and Application Areas | | :--- | :--- | | Jiutong IoT (Controlling) | Logistics and Mobile Asset Monitoring Solution Provider | | Huahong Technology (Controlling) | Mining Geophysical Equipment, Coal Mine IoT | | Tianjiao Intelligent (Controlling) | Smart Archives, Smart Warehousing | | Zhixing IoT (Controlling) | Smart Archives, Smart Warehousing | | Fuzhou Kejie (Controlling) | Weighing Instrument IoT Equipment | | Dongfang Zhiguang (Controlling) | Fiber Optic Temperature Measurement | | Taozi Automation (Controlling) | Precision Automatic Dispensing Machines, Industrial Robots | | Daojin Intelligent (Associate) | Digital Production Lines for New Energy Materials | Analysis of Core Competencies The company's core competencies are evident in four aspects: building one of the most comprehensive 'sensor industry forest' ecosystems in China; implementing a unique 'KMS Group Management System' for efficient post-investment empowerment and management; possessing full-process intelligent manufacturing advantages from R&D to production, leading in cost, quality, and brand network; and successfully operating industrial parks in Ningbo, Shenzhen, and Zhengzhou, forming industrial cluster effects - The company has deployed nearly twenty types of sensors, forming four major business segments, making it one of the listed companies with the widest range of sensor products in China, and has initially built a sensor industry forest ecosystem[54] - Through the "KMS Group Management System" and eight empowerment centers, the company provides subsidiaries with a mature operational foundation and continuous empowerment in technology, manufacturing, business, procurement, finance, and talent[56] - The company possesses full-process core advantages in R&D, cost control, quality control, market network, and intelligent manufacturing, with its mechanical sensor production capacity ranking among the world's forefront[57][58][59][61] - The company has established industrial parks in Ningbo, Shenzhen, and Zhengzhou, with a total operating area of approximately 300,000 square meters, building an industrial ecosystem through models such as 'investment-driven business attraction'[62] Analysis of Key Operating Performance During the reporting period, the company's revenue grew by 20.79%, primarily driven by newly consolidated subsidiaries, with corresponding increases in sales and administrative expenses, while industrial IoT and system integration revenue, a key growth engine, increased by 69.34%; asset-wise, investment properties, fixed assets, and goodwill all significantly increased due to completed infrastructure projects being transferred to fixed assets and new acquisitions Key Changes in Income Statement and Cash Flow Statement Items (RMB) | Item | Current Period Amount | Prior Period Amount | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,295,126,038.72 | 1,072,180,742.92 | 20.79 | | Operating Cost | 736,639,236.42 | 610,650,700.77 | 20.63 | | Sales Expenses | 85,342,413.73 | 54,720,357.70 | 55.96 | | Administrative Expenses | 92,971,026.50 | 74,008,896.16 | 25.62 | | Net Cash Flow from Operating Activities | 169,883,611.56 | 190,445,454.86 | -10.80 | | Net Cash Flow from Investing Activities | -42,605,579.04 | -116,482,518.82 | 63.42 | | Net Cash Flow from Financing Activities | -3,219,964.86 | -103,831,256.22 | 96.90 | Main Business by Product (RMB) | By Product | Operating Revenue | YoY Change in Operating Revenue (%) | Gross Margin (%) | YoY Change in Gross Margin (%) | | :--- | :--- | :--- | :--- | :--- | | Mechanical Sensors and Instruments Series | 630,772,834.61 | -4.93 | 41.81 | 1.03 | | Industrial IoT and System Integration | 532,505,171.10 | 69.34 | 43.77 | -9.37 | | Other Physical Quantity Sensors Series | 56,071,680.12 | - | - | - | R&D Investment (RMB) | Item | Amount | | :--- | :--- | | R&D Expenses Capitalized in Current Period | 107,935,478.67 | | Total R&D Investment | 107,935,478.67 | | Total R&D Investment as % of Operating Revenue | 8.33 | | Number of R&D Personnel | 268 | | R&D Personnel as % of Total Employees | 9.84 | Key Changes in Assets and Liabilities (RMB) | Item Name | Current Period End Balance | Prior Period End Balance | Change (%) | Explanation | | :--- | :--- | :--- | :--- | :--- | | Accounts Receivable | 487,850,903.83 | 285,666,752.62 | 70.78 | Primarily due to newly consolidated subsidiaries | | Inventories | 639,471,582.16 | 485,540,383.79 | 31.70 | Primarily due to newly consolidated subsidiaries | | Investment Properties | 323,927,393.80 | 227,081,457.75 | 42.65 | Primarily due to completed infrastructure projects transferred to assets in current period | | Construction in Progress | 63,983,533.61 | 188,744,005.62 | -66.10 | Primarily due to completed infrastructure projects transferred to assets in current period | | Goodwill | 303,731,778.96 | 124,746,279.69 | 143.48 | Primarily due to newly consolidated subsidiaries | | Long-Term Borrowings | 98,999,780.74 | 0.00 | 100.00 | Primarily due to new borrowings | Future Development Outlook The company will continue to advance its 'Five-pronged Strategy' (Industrial Investment, Industrial Park Development, Industrial Ecosystem, Group Management, Capitalization), aiming to become a leading sensor platform enterprise in China, with its 2025 operating plan focusing on three core areas: more specialized strategic investments in robotics and industrial metrology; deepening group management to promote business integration and lean production; and strengthening the sensor forest ecosystem by fostering industrial intelligence and innovation centers - The company's development strategy is the "Five-pronged Strategy": Industrial Investment, Industrial Park Development, Industrial Ecosystem, Group Management, and Capitalization[90] - The 2025 operating plan will be guided by "more focus, deeper cultivation, and more systematic approach," prioritizing strategic investment, group management, and sensor ecosystem development[92] - Investments will shift from "broad" to "specialized," focusing on six major directions: full-body sensors for robots, core sensors for industrial measurement and control, and IoT for asset management[92] - The company faces risks including macroeconomic fluctuations, market competition, new industry development falling short of expectations, investment and M&A, goodwill impairment, and raw material price volatility[101][102][103] Corporate Governance Overview of Corporate Governance During the reporting period, the company strictly adhered to relevant laws and regulations, continuously improved its corporate governance structure, ensuring the standardized operation of the General Meeting of Shareholders, Board of Directors, and Board of Supervisors, while maintaining independence in business, personnel, assets, organization, and finance, with timely and fair information disclosure and good communication with investors - The company's corporate governance structure is sound, operating strictly in accordance with laws and regulations such as the Company Law and Securities Law, effectively safeguarding shareholders' interests[106] - During the reporting period, the company held 2 General Meetings of Shareholders, 6 Board of Directors meetings, and 4 Board of Supervisors meetings, with compliant decision-making procedures[106][107] Environmental and Social Responsibility Environmental Information The company has established environmental protection mechanisms, with environmental investments of 3.7865 million RMB during the reporting period, and as a non-key pollutant discharge unit, it has obtained ISO14001 environmental management system certification, annually reducing carbon dioxide emissions by approximately 3,221.80 tons through electricity saving and operating a 3MW distributed photovoltaic power station Environmental Investment and Carbon Reduction Achievements | Item | Amount/Quantity | | :--- | :--- | | Environmental Investment During Reporting Period | 3.7865 million RMB | | Reduced CO2 Equivalent Emissions | 3,221.80 tons | | Type of Carbon Reduction Measures | Clean Energy Generation (Photovoltaic) | Social Responsibility The company actively fulfills its social responsibilities, implementing specific measures in environmental protection, supplier and customer rights protection, employee rights protection, public relations and social welfare, and labor safety, adhering to labor laws, ensuring employee compensation, benefits, and career development, and actively participating in disaster relief, educational donations, and other public welfare initiatives - The company actively fulfills its social responsibilities across five major areas: environmental protection, supply chain, employee rights, social welfare, and labor safety[151][152][153][154] - In December 2024, the company donated 100,000 RMB to the Jiangbei District Charity Federation of Ningbo City for rural revitalization and East-West collaboration[155] Significant Matters Fulfillment of Performance Commitments Subsidiary Huahong Technology successfully fulfilled its performance commitments during the 2023 and 2024 commitment periods, achieving a cumulative net profit attributable to the parent company after deducting non-recurring gains and losses of 42.7185 million RMB over two years, exceeding the 35 million RMB target - Subsidiary Huahong Technology fulfilled its performance commitments, achieving a cumulative net profit after deducting non-recurring gains and losses of 42.7185 million RMB in 2023 and 2024, exceeding the 35 million RMB commitment[161] Entrusted Wealth Management During the reporting period, the company utilized its own funds for cash asset management, primarily investing in bank wealth management, brokerage wealth management, trust products, and public/private equity funds, with no overdue unrecovered situations for any product Overall Entrusted Wealth Management (RMB) | Type | Source of Funds | Amount Incurred | Unmatured Balance | | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Own Funds | 175,080,982.51 | 12,734,721.08 | | Brokerage Wealth Management Products | Own Funds | 571,060,000.00 | 211,060,000.00 | | Trust Wealth Management Products | Own Funds | 579,000,000.00 | 344,000,000.00 | | Public Fund Products | Own Funds | 842,458,597.00 | 238,180,000.00 | | Private Fund Products | Own Funds | 116,700,000.00 | 50,000,000.00 | | Other | Own Funds | 205,000,000.00 | 70,000,000.00 | Share Changes and Shareholder Information Share Capital Changes During the reporting period, the company's total share capital decreased from 282,504,992 shares to 281,659,426 shares, a reduction of 845,566 shares, due to the repurchase and cancellation of restricted shares granted under the equity incentive plan, with minimal impact on the company's financial indicators - Due to the repurchase and cancellation of 845,566 restricted shares, the company's total share capital decreased to 281,659,426 shares[192][193] Shareholders and Actual Controller Information As of the end of the reporting period, the company had 64,261 common shareholders, with the actual controller, Ke Jiandong, directly holding 44.84% of the company's shares and indirectly controlling the company through shareholding platforms such as Ningbo Senna Investment, ensuring stable overall control Top Ten Shareholders' Shareholding | Shareholder Name | Shares Held at Period End | Proportion (%) | | :--- | :--- | :--- | | Ke Jiandong | 126,290,508 | 44.84 | | Ningbo Senna Investment Co., Ltd. | 19,540,806 | 6.94 | | MORGAN STANLEY & CO. INTERNATIONAL PLC. | 2,481,156 | 0.88 | | Hong Kong Securities Clearing Company Limited | 2,423,380 | 0.86 | | Ningbo Shenhong Investment Co., Ltd. | 1,719,905 | 0.61 | | Ningbo Shenke Investment Consulting Co., Ltd. | 1,479,873 | 0.53 | - The company's controlling shareholder and actual controller is Mr. Ke Jiandong[201][204] Preferred Shares Information - The company has no preferred shares[209] Bond Information - The company has no bond-related information[210] Financial Report Audit Report ShineWing Certified Public Accountants issued a standard unqualified audit opinion on the company's 2024 financial statements, concluding that the financial statements fairly present the company's financial position and operating results in all material respects, with key audit matters being 'allowance for doubtful accounts on accounts receivable' and 'revenue recognition' - ShineWing Certified Public Accountants (Special General Partnership) issued a standard unqualified audit report[212] - Key audit matters include: - Allowance for doubtful accounts on accounts receivable: Management needs to apply significant accounting estimates and judgments when determining the estimated recoverable amount of accounts receivable - Revenue recognition: Operating revenue is material to the financial statements as a whole[214][215] Financial Statements Financial statements indicate the company's total assets grew to 4.478 billion RMB, and equity attributable to parent company shareholders increased to 2.672 billion RMB, with operating revenue at 1.295 billion RMB, a 20.79% year-on-year increase, but net profit attributable to parent company at 261 million RMB, a 16.62% year-on-year decrease, and net cash flow from operating activities at 170 million RMB, a slight decrease from the previous year Consolidated Balance Sheet Summary (December 31, 2024) | Item | Period-End Balance (RMB) | Period-Beginning Balance (RMB) | | :--- | :--- | :--- | | Total Current Assets | 2,680,430,283.28 | 2,294,659,327.09 | | Total Non-Current Assets | 1,797,328,240.60 | 1,543,421,734.83 | | Total Assets | 4,477,758,523.88 | 3,838,081,061.92 | | Total Current Liabilities | 1,292,014,198.44 | 1,087,138,010.80 | | Total Non-Current Liabilities | 131,694,522.99 | 36,687,878.13 | | Total Liabilities | 1,423,708,721.43 | 1,123,825,888.93 | | Total Equity Attributable to Parent Company Owners | 2,672,003,550.21 | 2,529,926,084.50 | | Total Equity | 3,054,049,802.45 | 2,714,255,172.99 | Consolidated Income Statement Summary (2024) | Item | 2024 (RMB) | 2023 (RMB) | | :--- | :--- | :--- | | I. Total Operating Revenue | 1,295,126,038.72 | 1,072,180,742.92 | | II. Total Operating Cost | 1,051,839,017.88 | 866,205,876.88 | | III. Operating Profit | 325,946,301.64 | 378,973,807.87 | | IV. Total Profit | 326,594,747.89 | 377,482,368.62 | | V. Net Profit | 305,322,224.11 | 335,291,746.34 | | Net Profit Attributable to Parent Company Shareholders | 260,508,314.67 | 312,430,840.16 | Consolidated Cash Flow Statement Summary (2024) | Item | 2024 (RMB) | 2023 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 169,883,611.56 | 190,445,454.86 | | Net Cash Flow from Investing Activities | -42,605,579.04 | -116,482,518.82 | | Net Cash Flow from Financing Activities | -3,219,964.86 | -103,831,256.22 | | Net Increase in Cash and Cash Equivalents | 125,158,139.58 | -28,383,078.85 |