SHSTC(SH:600620) Xin Lang Cai Jing·2025-04-27 19:14Core Insights - The company reported a revenue of 341,870,271.41 yuan for 2024, marking a year-on-year increase of 14.96% [2] - Net profit attributable to shareholders was 32,077,522.61 yuan, up 47.07% year-on-year, but the net profit after excluding non-recurring gains and losses dropped by 90.26% to 2,034,240.31 yuan [3][4] - The significant increase in operating cash flow, which reached 58,892,385.60 yuan, represented a 571.75% increase compared to the previous year [10] Financial Performance - Revenue growth was driven by a 75.25% increase in property leasing and other income, while real estate sales revenue fell by 42.75% to 162,134,264.23 yuan [2] - The company optimized its business structure, leading to gains from the disposal of subsidiaries, contributing approximately 15,581,209.43 yuan from the sale of Shanghai Tianchen Passenger Transport Co., Ltd. [3] - Basic earnings per share rose to 0.05 yuan, a 66.67% increase, while the diluted earnings per share after excluding non-recurring items fell to 0.003 yuan, a decrease of 90% [4] Expense Analysis - Sales expenses increased slightly by 3.24% to 13,735,474.89 yuan, indicating a need to monitor the effectiveness of marketing investments [5] - Management expenses remained stable, growing only 0.68% to 78,999,788.26 yuan, reflecting effective cost control [6] - Financial expenses decreased by 4.28% to 19,543,673.77 yuan due to reduced interest expenses from loan repayments [7] Cash Flow Analysis - Operating cash flow significantly increased due to reduced cash outflows from project payments, resulting in a net cash flow of 58,892,385.60 yuan [10] - Investment cash flow also saw a notable increase of 202.43% to 85,478,721.63 yuan, primarily from the disposal of subsidiary equity [11] - Financing cash flow experienced a net outflow of 364,048,721.40 yuan, an increase in outflow by 310,663,600 yuan, mainly due to increased loan repayments [12] Strategic Outlook - The company is focusing on expanding its presence in the renewable energy sector, with new R&D investments amounting to 1,323,805.28 yuan [9] - The real estate market remains a significant risk factor, with potential impacts from market fluctuations and competition [13] - The company aims to enhance its core competitiveness and optimize its business structure to ensure sustainable growth amidst challenges in both the real estate and renewable energy sectors [15]