Core Viewpoint - Shenzhen Xinhau Optoelectronics Technology Co., Ltd. reported a decline in revenue and significant net losses for the year 2024, indicating challenges in its core business operations [2][4]. Financial Performance - In 2024, the company's operating revenue was 1.687 billion yuan, a year-on-year decrease of 2.72% [2]. - The net loss attributable to shareholders was 353 million yuan, a year-on-year increase of 972.54% [2]. - The non-recurring net loss was 365 million yuan, a year-on-year increase of 5551.30% [2]. - Basic earnings per share were -2.10 yuan [2]. Business Segments - Revenue from electronic components was 1.583 billion yuan, accounting for 93.80% of total revenue, with a year-on-year decline of 4.43% [4]. - Revenue from photovoltaic equipment and components was 105 million yuan, accounting for 6.20% of total revenue, with a year-on-year increase of 33.24% [4]. Quarterly Performance - In Q4 2024, the company achieved operating revenue of 453 million yuan, a year-on-year decrease of 11.83% and a quarter-on-quarter increase of 4.69% [4]. - The net loss attributable to shareholders in Q4 was 147 million yuan, a year-on-year increase of 1191.42% and a quarter-on-quarter decrease of 73.90% [4]. - The non-recurring net loss in Q4 was 131 million yuan, a year-on-year increase of 1651.56% and a quarter-on-quarter decrease of 38.99% [4]. Profitability Metrics - The gross margin for 2024 was 6.42%, a year-on-year decrease of 13.84 percentage points [4]. - The net margin was -23.00%, a year-on-year decrease of 24.11 percentage points [4]. Expense Analysis - Total operating expenses for 2024 were 490 million yuan, an increase of 134 million yuan year-on-year [4]. - The expense ratio was 29.04%, an increase of 8.50 percentage points year-on-year [4]. - Sales expenses increased by 40.87%, management expenses increased by 2.51%, R&D expenses increased by 54.81%, and financial expenses increased by 344.33% [4]. Profit Distribution - The company plans to distribute a cash dividend of 0.5 yuan (tax included) for every 10 shares and to issue 2 additional shares for every 10 shares held [5].
信濠光电2024年营收16.87亿元 净利润大幅下滑972.54%