WebRAY(688651) 中国经济网·2025-01-24 02:43Core Viewpoint - The company, Shengbang Security, anticipates a decline in net profit for 2024 despite a projected increase in revenue, indicating potential challenges in profitability and operational efficiency [1][2]. Financial Performance - The company expects 2024 revenue to be between 31 million and 33 million, representing a year-on-year increase of 6.59% to 13.47% [1]. - The projected net profit for 2024 is estimated to be between 20 million and 27.5 million, a decrease of 1.5 million to 2.25 million compared to the previous year, reflecting a decline of 35.31% to 52.95% [1]. - The net profit after excluding non-recurring gains and losses is expected to be between 10.7 million and 18.2 million, down by 1.635 million to 2.385 million, which translates to a decrease of 47.34% to 69.04% [1]. - In 2023, the company reported a revenue of 290.83 million, with a total profit of 40.84 million and a net profit of 42.51 million [1][6]. Strategic Focus - The company is committed to a long-term development strategy emphasizing healthy operations, focusing on key industries and strategic regions, and enhancing delivery capabilities [2]. - Increased investment in research and development for new products, such as cybersecurity for satellite internet and spatial mapping, has led to higher R&D expenses [2]. - The company has also expanded its workforce in response to market demands, resulting in increased sales expenses [2]. Market Conditions - The company has experienced longer settlement and payment cycles from some clients, leading to a significant increase in bad debt provisions, which has negatively impacted profit levels [4]. - The stock is currently in a state of decline since its IPO, which took place on July 26, 2023, with an issuance price of 39.90 per share [5].