Fenda Tech(SZ:002681) Shang Hai Zheng Quan Bao·2025-04-23 20:00Core Viewpoint - The company, Shenzhen Fenda Technology Co., Ltd., has released its 2024 annual report summary, highlighting its business performance, financial status, and future development plans. The company will not distribute cash dividends or issue bonus shares due to negative retained earnings [1][3][25]. Group 1: Business Overview - The company specializes in the research, design, production, and sales of consumer electronics and core components, focusing on smart hardware solutions. Its main product categories include audio products, smart wearables, smart locks, and health appliances [4][6]. - In the audio products sector, the company emphasizes wireless audio transmission and AI integration, offering a range of products such as Bluetooth speakers and smart voice speakers, with notable clients including Walmart and Amazon [5]. - The smart wearable devices segment focuses on health monitoring technologies, producing items like smartwatches and heart rate bands, collaborating with global brands like Philips and Huawei [6][8]. - The smart lock division has been operational since 2018, providing high-quality smart lock products and solutions, and has established partnerships with various smart home and security companies [8][9]. - In the health appliance sector, the company targets both professional and consumer markets, with products like hair straighteners and dryers, maintaining a strong export presence [9]. Group 2: Financial Performance - The company reported a net profit attributable to shareholders of CNY 97,090,017.90 for 2024, with negative retained earnings of CNY -664,463,606.00 for the parent company and CNY -1,263,784,051.41 for the consolidated statements [25]. - The company plans to use up to CNY 700 million of idle funds for low-risk financial products to enhance returns while ensuring operational liquidity [52]. - The board approved a proposal for foreign exchange hedging activities with a total limit of up to USD 8 million to mitigate currency risk [54]. Group 3: Corporate Governance - All board members attended the meeting to review the annual report, ensuring compliance with relevant regulations [2][13]. - The board approved various reports, including the annual financial report and internal control self-assessment, which will be presented at the upcoming shareholder meeting [20][27]. - The company will hold its 2024 annual shareholder meeting on May 16, 2025, to discuss the approved proposals [58][62].