Core Insights - The company reported significant revenue growth in 2024, with total revenue reaching 5.728 billion yuan, a year-on-year increase of 93.12%, and a net profit of 729 million yuan, up 77.53% from the previous year [1][4] - Despite the overall positive performance, the fourth quarter showed a decline in net profit, decreasing by 43.76% year-on-year and 31.76% quarter-on-quarter, indicating operational pressures [4][7] Revenue and Profit Performance - Total revenue for 2024 was 5.728 billion yuan, reflecting a 93.12% increase compared to the previous year [1][4] - Net profit for the year was 729 million yuan, which is a 77.53% increase year-on-year [1][4] - The fourth quarter net profit experienced a significant drop, down 43.76% year-on-year and 31.76% quarter-on-quarter, suggesting challenges in maintaining profitability [4][7] Research and Development - The company increased its R&D expenditure to 296 million yuan, marking a 27.5% rise from the previous year [5] - A total of 471 new patent applications were filed, including 127 invention patents and 328 utility model patents, indicating a strong focus on innovation [5] - New products such as ALD and EPD equipment were launched, contributing to market competitiveness and future growth potential [5] International Market Expansion - Overseas revenue surged to 723 million yuan, a staggering 24-fold increase, accounting for 12.61% of total revenue [6] - The company achieved significant progress in international market expansion, although it faces risks due to high customer concentration [6] Customer Concentration and Risks - The top five customers accounted for a total sales amount of 4.364 billion yuan, representing 76.18% of annual sales, indicating a high level of customer concentration [6] - This reliance on a limited number of clients may pose operational risks, particularly in the face of market fluctuations or increased competition [6][7] Future Outlook - The company needs to balance technological innovation with financial optimization and reduce customer concentration to navigate market uncertainties effectively [7]
拉普拉斯2024年业绩亮眼，但现金流压力显现