Sino Wealth(300327) 新浪财经·2025-03-28 13:59Core Viewpoint - Zhongying Electronics Co., Ltd. reported a significant increase in operating cash flow but a notable decline in net profit for the fiscal year 2024, indicating a mixed performance that warrants investor attention [1]. Revenue - The company's operating revenue for 2024 was 1.343 billion yuan, a slight increase of 3.32% from 1.300 billion yuan in the previous year [2]. - Integrated circuit product sales accounted for 99.88% of total revenue, with a year-on-year growth of 3.42% [2]. - Revenue from industrial control products was 1.093 billion yuan, representing 81.39% of total revenue, with a year-on-year increase of 7.87% [2]. - Revenue from consumer electronics decreased by 12.75% to 250 million yuan, accounting for 18.61% of total revenue [2]. - Domestic revenue was 963 million yuan, up 4.81%, while overseas revenue slightly decreased by 0.26% to 380 million yuan [2]. Net Profit - The net profit attributable to shareholders was 134 million yuan, down 28.01% from 186 million yuan in the previous year, primarily due to a significant one-time compensation received in the prior period [3]. - Excluding non-recurring gains and losses, the net profit was 131 million yuan, reflecting a 26.61% increase from 104 million yuan, indicating improved core business profitability [3]. Earnings Per Share - Basic earnings per share decreased by 28.28% to 0.3924 yuan, while the adjusted earnings per share, excluding non-recurring items, increased by 25.84% to 0.3842 yuan [4]. Expenses - Sales expenses rose by 8.23% to 18.3758 million yuan, driven by increased employee compensation and marketing expenses [5]. - Management expenses remained stable at 51.9754 million yuan, a slight increase of 0.69% [6]. - Research and development expenses decreased by 5.63% to 300 million yuan, accounting for 22.35% of total revenue [6]. Research and Development Personnel - The number of R&D personnel increased slightly to 427, making up 82.91% of the total workforce [7]. - The educational structure showed a decrease in bachelor's degree holders and an increase in master's degree holders [7]. Cash Flow - The net cash flow from operating activities was 183 million yuan, a significant increase of 717.77% from -29.7 million yuan in the previous year, indicating improved cash generation capabilities [8]. - The net cash flow from investing activities was -163 million yuan, a decrease of 63.10% from -99.78 million yuan, primarily due to higher investment outflows [8]. - The net cash flow from financing activities was -21.11 million yuan, a decrease of 123.40% from 90.24 million yuan, attributed to reduced capital inflows [8].