STEP(SZ:002527) Sou Hu Cai Jing·2025-04-29 00:05Core Viewpoint - The company reported a slight decline in total revenue for 2024 but showed significant improvement in net profit loss, indicating progress in cost control and business optimization [1] Revenue and Profit Summary - Total revenue for 2024 was 3.357 billion yuan, a year-on-year decrease of 0.89% [1] - Net profit attributable to shareholders was -288 million yuan, an improvement of 24% compared to -379 million yuan in 2023 [1] - Non-recurring net profit was -339 million yuan, a reduction in loss of 35.39% year-on-year [1] Business Segment Analysis Elevator Control Business - The company ranks second globally in the elevator control market and continues to innovate with new products like the STO contactless control cabinet and upgraded elevator cloud solutions [4] - Challenges include limited market growth due to saturation and issues related to data security and customer trust in the promotion of elevator cloud systems [4] Robotics Business - The robotics segment has seen significant advancements, achieving 100% self-supply in key technologies and launching the fourth generation of robot control cabinets [4][5] - The company has made breakthroughs in joint robots for welding applications and introduced SCARA robots, filling industry gaps [5][6] - Despite strong performance, competition in the high-end market remains intense, necessitating ongoing innovation and market expansion [6] Control and Drive Business - The control and drive segment features advanced technologies in multi-axis synchronization and platform control, with new products like the SC50 intelligent motion controller enhancing delivery efficiency [7] - The company has also made strides in high-power variable frequency drives for various industries, achieving breakthroughs in complex applications [7] - Market demand in this sector is volatile, requiring the company to expand application scenarios and improve product competitiveness [7] Overall Assessment - The company has made notable progress in reducing net profit loss through technological innovation and market expansion, particularly in the robotics sector [8] - However, challenges such as intensified market competition and limited growth opportunities remain, necessitating continued focus on innovation and market development to enhance profitability and market position [8]