神通科技2024年财报：营收下滑15.22%，净利润首度亏损

Core Viewpoint - Shentong Technology (605228) reported a significant decline in financial performance for 2024, marking its first annual loss since going public, with revenue dropping by 15.22% to 1.389 billion yuan and a net profit loss of 31.98 million yuan, a decrease of 158.38% [1][4]. Group 1: Performance Overview - The company achieved operating revenue of 1.389 billion yuan in 2024, a year-on-year decrease of 15.22% [1]. - The net profit attributable to shareholders was -31.98 million yuan, representing a year-on-year decline of 158.38% [1]. Group 2: Strategic Initiatives - Shentong Technology actively promoted intelligent reform in the automotive industry, launching high-tech products like active oil-gas separators and entering the automotive-grade optical lens market [4]. - The company expanded its product lines to include laser radar, millimeter-wave radar, and heads-up displays (HUD), and strategically entered the consumer electronics sector with the Jiguang brand [4]. Group 3: Market Challenges - The company faces high customer concentration, primarily relying on clients in the new energy vehicle and smart vehicle sectors, which poses risks during market fluctuations [5]. - Despite efforts to secure new projects with new energy vehicle manufacturers, the conversion speed of orders has been slow, failing to compensate for declines in the traditional fuel vehicle market [5]. Group 4: R&D Investment - Shentong Technology increased its R&D investment in 2024, holding a total of 623 patents, including 109 invention patents [6]. - The company initiated a digital transformation project (SAP system) aimed at enhancing operational efficiency through data-driven management [6]. - However, the increased R&D spending has not yielded significant short-term benefits, with slow market promotion and commercialization of new products [6].