XLKG(SZ:000955) Xin Lang Cai Jing·2025-04-02 12:05Core Insights - The company faced significant challenges in 2024, with a decline in revenue and a substantial drop in cash flow from operating activities, despite a narrowing of net losses [1][2][6]. Financial Performance - Revenue for 2024 was 522,977,748.84 yuan, a decrease of 11.53% from 591,117,705.50 yuan in 2023, indicating a tough market environment [1]. - The net loss attributable to shareholders was -16,612,654.59 yuan, an improvement of 41.56% compared to -28,428,383.30 yuan in 2023, but the company remains unprofitable [2]. - Basic earnings per share were -0.0309 yuan, showing a 41.48% improvement from -0.0528 yuan in 2023, yet still negative [3]. Cost Management - Sales expenses slightly decreased by 2.40% to 22,511,966.21 yuan, reflecting cost control measures in response to declining revenue [4]. - Management expenses fell by 12.33% to 33,022,399.76 yuan due to reduced personnel costs [4]. - Financial expenses significantly decreased by 48.80% to 3,102,325.99 yuan, indicating successful debt structure optimization [4]. Research and Development - R&D expenses increased by 22.54% to 20,418,714.25 yuan, with R&D spending as a percentage of revenue rising from 2.82% to 3.90% [5]. - The number of R&D personnel decreased by 12.93% from 116 to 101, raising concerns about R&D efficiency [5]. Cash Flow Analysis - Net cash flow from operating activities dropped by 70.12% to 10,011,260.12 yuan, primarily due to reduced sales collections [6]. - Cash inflow from investment activities increased by 16.68% to 117,140,790.44 yuan, attributed to the redemption of financial products [7]. - Net cash flow from financing activities improved by 46.74% to -49,410,838.78 yuan, reflecting a decrease in overall bank borrowing [7].