高德红外“晒”2024年“成绩单”：研发费用7.46亿，同比增37.51%

Core Viewpoint - Gaode Hongwei (002414) reported a net loss of 447 million yuan for 2024, marking the first loss since its listing 14 years ago, despite a revenue increase of 10.87% to 2.678 billion yuan [1][2]. Revenue and Profit Summary - In 2024, Gaode Hongwei achieved revenue of 2.678 billion yuan, up from the previous year, attributed to expansion in the infrared consumer products sector despite a decline in model project product revenue due to procurement delays and price reductions [2][4]. - The company recorded a net loss attributable to shareholders of 447 million yuan, with a significant loss occurring in the fourth quarter, where the loss approached 500 million yuan [2][4]. R&D and Cost Analysis - R&D expenses increased by 37.51% in 2024, totaling 746 million yuan compared to 542 million yuan in the previous year, driven by ongoing project investments and increased personnel costs [4]. - The company faced substantial operational cost increases, particularly in R&D and labor, alongside significant asset depreciation due to scaling infrastructure [4]. Asset Impairment Details - Asset impairment was a major factor in the profit decline, with credit impairment losses of 159 million yuan and asset impairment losses of 169 million yuan, collectively reducing the total profit by approximately 329 million yuan [4]. - The credit impairment losses were primarily due to bad debt from accounts receivable, while asset impairment losses stemmed from inventory and contract performance cost declines, as well as goodwill impairment [4].