Tiamaes(SZ:300807) Zhong Guo Jing Ji Wang·2025-04-16 02:18Core Viewpoint - Tianmai Technology (300807.SZ) reported a significant decline in revenue and increased net losses for the fiscal year 2024, indicating ongoing financial struggles and a lack of dividend distribution plans [1][2]. Financial Performance Summary - The company achieved an operating revenue of 164 million yuan in 2024, a decrease of 25.61% compared to 2023 [3]. - The net profit attributable to shareholders was -59.31 million yuan, worsening from -50.07 million yuan in the previous year, marking an 18.44% increase in losses [3][4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -60.83 million yuan, compared to -54.87 million yuan in 2023, reflecting a 10.86% increase in losses [3]. - The net cash flow from operating activities was 8.44 million yuan, a significant improvement from -40.30 million yuan in the previous year, representing a 120.93% increase [3]. - Basic and diluted earnings per share were both -0.87 yuan, a decline of 17.57% from -0.74 yuan in 2023 [3]. - The weighted average return on equity was -11.51%, down from -8.78% in the previous year [3]. Historical Performance Overview - Tianmai Technology has reported losses for three consecutive years, with operating revenues of 233 million yuan, 329 million yuan, and 220 million yuan from 2021 to 2023 [4]. - The net profit attributable to shareholders for the years 2021, 2022, and 2023 were -37.27 million yuan, -8.51 million yuan, and -50.07 million yuan respectively, indicating a worsening trend [4][5]. - The net cash flow from operating activities fluctuated significantly, with figures of -91.88 million yuan in 2021, 20.22 million yuan in 2022, and -40.30 million yuan in 2023 [5]. Dividend Policy - The company has announced that it will not distribute cash dividends, issue bonus shares, or increase share capital from reserves [2]. Asset Impairment - In 2024, the company recognized asset impairment provisions totaling approximately 26.48 million yuan, which reduced the net profit for the year by about 22.51 million yuan [3]. Shareholder Changes - Following a recent equity transfer, Qiming Fund became the largest shareholder of Tianmai Technology, acquiring 17.76 million shares, representing 26.10% of the total share capital [6]. - The transfer involved a total price of approximately 452.11 million yuan [6].