因商誉减值及行业竞争加剧，利亚德2024年亏损8.89亿元

Core Viewpoint - Liard reported a significant decline in revenue and a net loss for the fiscal year 2024, indicating challenges in the smart display industry and increased competition [1][2][3] Financial Performance - The total revenue for 2024 was 7,149,676,055.03 yuan, a decrease of 6.11% compared to the previous year [1][2] - The net loss attributable to shareholders was 889,307,916.12 yuan, a shift from profit to loss compared to the previous year [1][2] - The net loss after excluding non-recurring gains and losses was 935,758,754.03 yuan, also a shift from profit to loss [1][2] - The net cash flow from operating activities was 667,663,213.17 yuan, down 25.32% from the previous year [2] - Basic earnings per share were -0.35 yuan, a decrease of 418.18% compared to the previous year [2] Asset and Equity Position - Total assets at the end of 2024 were 13,712,893,523.87 yuan, an 8.81% decrease from the previous year [2] - Net assets attributable to shareholders were 7,901,743,921.69 yuan, a decline of 4.37% compared to the previous year [2] Reasons for Performance Decline - Impairment of goodwill and intangible assets led to a provision of 730 million yuan, which was a major contributor to the net loss [1][3] - Increased competition in the industry resulted in a decline in gross margin due to weak market demand and rising costs [3] - Increased credit impairment losses were noted as some customers faced liquidity issues, affecting accounts receivable collections [3] Business Outlook - The main business of the company remains focused on the research, production, and sales of smart display products, with 2024 smart display revenue at 6.109 billion yuan, accounting for over 85% of total revenue [3] - Despite short-term pressures in the LED display industry, the company is optimistic about the long-term potential of MicroLED technology, with a new production line set to launch in November 2024 [3] - The company anticipates that consumer demand will be stimulated by national policies in 2025, leading to growth in display products driven by digitalization and new infrastructure needs [3]