江苏银河电子股份有限公司2024年年度报告摘要

Core Viewpoint - The company, Jiangsu Galaxy Electronics Co., Ltd., reported significant financial losses for the year 2024, with a net profit of -684,917,196.70 yuan, leading to a decision not to distribute dividends or issue new shares [44][47][48]. Company Overview - Jiangsu Galaxy Electronics is a specialized enterprise group focusing on new energy, artificial intelligence, and intelligent electromechanical businesses, with products including smart special equipment, energy storage, charging piles, and intelligent terminals [5][8]. - The company has established multiple R&D centers in various locations, including Zhangjiagang, Nanjing, and Hefei, to support its long-term research in specialized equipment and new energy solutions [5]. Financial Performance - The company reported total operating revenue of 528,827,182.64 yuan and total operating costs of 796,117,823.78 yuan for 2024, resulting in an operating loss of -674,712,843.73 yuan [14][16]. - The company incurred a net loss of -687,791,004.13 yuan for the year, with earnings per share reported at -0.61 yuan [14][16]. Profit Distribution Plan - The board of directors has proposed not to distribute cash dividends, issue bonus shares, or increase capital reserves due to negative retained earnings [44][47][48]. - As of December 31, 2024, the cumulative distributable profits for both the consolidated and parent company reports were negative, amounting to -599,411,502.73 yuan and -820,365,378.78 yuan, respectively [44][47][48]. Asset Impairment - The company has recognized an asset impairment loss totaling -24,914.45 million yuan for 2024, which includes provisions for bad debts and inventory write-downs [29][41]. - Specific impairments include -9,986.19 million yuan for goodwill and -6,803.08 million yuan for other assets due to ongoing investigations affecting the subsidiary Tongzhi Electromechanical [29][41][60]. Future Outlook - The company plans to apply for a comprehensive credit limit of up to 1.54 billion yuan to support its operational needs in 2025 [20]. - The management remains optimistic about the recovery of business operations, with an increase in orders despite the ongoing investigations [60].