XINZHU CORPORATION(SZ:002480) Xin Lang Cai Jing·2025-04-27 17:20Core Insights - The company reported a significant decline in multiple financial metrics for the year 2024, including a 91.99% decrease in net cash flow from operating activities and a 19.49% drop in net profit attributable to shareholders, indicating ongoing losses [1][3]. Financial Performance Summary - Revenue slightly decreased to CNY 2,483,156,611.79, down 1.05% from CNY 2,509,421,413.73. The rail transit business saw a 7.77% decline, while bridge components and photovoltaic power generation businesses grew by 5.84% and 8.67%, respectively [2]. - The net profit attributable to shareholders was -CNY 409,145,954.94, worsening from -CNY 342,400,321.74, reflecting a loss increase of CNY 66,745,633.20 [3]. - Basic earnings per share fell to -CNY 0.5319, a decrease of 19.47% from the previous year [4]. Expense Analysis - Sales expenses rose by 4.55% to CNY 57,021,814.68, indicating increased investment in sales efforts [5]. - Management expenses slightly decreased by 0.67% to CNY 226,956,275.67, suggesting some success in cost control [6]. - Financial expenses increased by 3.58% to CNY 338,589,614.04, highlighting a heavy debt burden [7]. Research and Development Insights - R&D expenses grew by 13.18% to CNY 94,573,289.49, reflecting a commitment to technological innovation [8]. - R&D investment intensity decreased to 3.98% of revenue, down from 4.49% [10]. - The number of R&D personnel increased by 17.81% to 172, indicating a strengthening of the R&D team [11]. Cash Flow Analysis - Net cash flow from operating activities plummeted by 91.99% to CNY 98,346,475.82, primarily due to reduced cash inflows from sales [12]. - Cash outflows from investment activities rose by 18.53% to CNY 1,140,121,504.74, driven by increased project payments [13]. - Cash inflows from financing activities increased by 24.86% to CNY 4,093,305,550.17, reflecting efforts to secure funding for business needs [14].