Core Viewpoint - The company reported a slight increase in revenue but faced significant declines in profitability, indicating challenges in the competitive market environment [1][4]. Financial Performance - Total revenue for the year was 746 million yuan, a year-on-year increase of 3.08% [1]. - Gross profit was 80.92 million yuan, showing a decline compared to the previous year [1]. - Net profit attributable to shareholders was -30 million yuan, a substantial year-on-year decrease of 226.88% [1][4]. - Net profit after deducting non-recurring gains and losses was -21.89 million yuan, down 194.85% year-on-year [1][4]. Market Competition - The company faced severe market competition in 2024, which pressured its profitability despite efforts to expand its customer base and product lines [4]. - The company launched 240 new products during the reporting period, with 393 additional products in development, but these efforts did not yield positive financial results [4]. Product and Innovation - The main products include precision automotive components, such as shock absorber parts and die-casting parts, used in various international automotive brands [4]. - R&D expenses reached 37.82 million yuan, an increase of 13.35% year-on-year, reflecting the company's commitment to technological innovation [5]. - The company successfully completed a project on precision mold surface treatment technology, enhancing its technical foundation for lightweight and high-precision molds [6]. Cost Control and Quality Management - The company implemented various measures for cost control and quality management, including setting annual cost improvement targets and conducting monthly reviews of top projects [7]. - Quality management adhered to the IATF16949 system, utilizing core tools like APQP and FMEA to ensure product quality throughout the process [7]. - Inventory management was strengthened, with goals set for turnover days and amounts, linking inventory control to departmental KPIs [8]. Future Focus - The company aims to enhance its competitiveness through technological innovation and market expansion, while also needing to focus on effective cost control and operational efficiency [8].
中捷精工2024年财报：营收微增，净利润大幅下滑，市场竞争加剧