Fortune Trend(SH:688318) Xin Lang Cai Jing·2025-04-01 00:40Core Insights - The company reported a revenue of 390 million yuan in 2024, a year-on-year decrease of 10.5%, and a net profit attributable to shareholders of 300 million yuan, down 2.2% year-on-year [1] Group 1: Financial Performance - In 2024, the company achieved operating revenue and net profit of 390 million yuan and 270 million yuan respectively, reflecting declines of 10.5% and 7.02% year-on-year, with a weighted ROE of 7.7%, down 1.1 percentage points [2] - The fourth quarter saw a significant increase in net profit, reaching 162 million yuan, a year-on-year growth of 26.4%, which helped to narrow the annual profit decline [2] - Revenue from software services, software sales, and securities information services was 159 million yuan, 153 million yuan, and 76 million yuan respectively, with year-on-year changes of +2.9%, -26.8%, and +9.9% [2] Group 2: Market Dynamics - The average daily trading volume in the two markets for 2024 was 1.06 trillion yuan, an increase of 21.2% year-on-year, indicating a significant market recovery [3] - The company's B-end and C-end revenues were 312 million yuan and 76 million yuan respectively, showing declines of 14.2% and growth of 9.9% year-on-year [3] - Cash flow from sales of goods and services for the year was 410 million yuan, down 8.6% year-on-year, with contract liabilities at the end of Q4 amounting to 120 million yuan, a decrease of 10.8% year-on-year [3] Group 3: R&D and Cost Management - In 2024, the company's sales, management, and R&D expenses were 7 million yuan, 9 million yuan, and 91 million yuan respectively, with year-on-year changes of -29.6%, -8.0%, and +21.2% [4] - The company's gross margin and net profit margin were 86.0% and 69.7% respectively, reflecting increases of 0.5 percentage points and 2.6 percentage points year-on-year, indicating improved cost control and profitability [4] - The company is focusing on accelerating product development and embracing AI technology in the financial sector to enhance its product matrix and market share [4]