盛洋科技2024年年报出炉：营收增长26% “通信+卫星”双轮驱动长期成长

Core Viewpoint - The company achieved a revenue growth of 26.20% year-on-year, reaching 825 million yuan, driven by its "communication + satellite" dual strategy, despite short-term profit pressure due to non-recurring factors like goodwill impairment [1] Group 1: Business Performance - The RF cable business benefited from the recovery in overseas market demand and domestic data copper cable upgrades, with revenue increasing by 63.67% year-on-year, contributing over half of total revenue, and domestic sales growing by 54.51% [2] - The display device business of the subsidiary Qiusheng Optoelectronics maintained steady growth, achieving revenue of 333 million yuan, a year-on-year increase of 5.91% [2] - The satellite communication terminal business is in the investment phase but has established deep partnerships with leading industry players, positioning itself in cutting-edge fields like satellite internet and vehicle networking [2] Group 2: R&D and Strategic Layout - The company is increasing R&D investment, with expenses reaching 46.7 million yuan in 2024, a year-on-year growth of 14.29%, to enhance core competitiveness through technological innovation and product upgrades [3] - The company plans to continue its transformation and upgrade strategy in 2025, focusing on the dual strategy of "wired/wireless communication + satellite communication" and seizing opportunities in emerging technologies like AI and autonomous driving [3] - The company aims to enhance data cable capacity and performance, stabilize order volumes with major clients, and expand into the European data cable market [4] Group 3: Future Plans - In the display device sector, the company will strengthen cooperation with core domestic and overseas clients and increase the development of high-value-added product lines [5] - The company will intensify R&D investment in satellite communication and navigation terminals, collaborating with upstream and downstream enterprises to cultivate new business growth points [5] - The company will actively explore the potential of communication infrastructure operations, seizing opportunities from network upgrades and industrial collaboration [5]