SCREEN(SH:688053) Xi Niu Cai Jing·2025-04-29 11:25Core Insights - In 2024, Sichuan Sike Rui Microelectronics Co., Ltd. reported a revenue of 144 million yuan, a year-on-year decrease of 28.40% [2] - The company experienced a net loss attributable to shareholders of 21.0032 million yuan, a year-on-year increase in loss of 143.90% [2] - The basic earnings per share were -0.21 yuan [2] Financial Performance - The gross profit margin for 2024 was 36.30%, down 17.67 percentage points year-on-year [3] - The net profit margin was -17.25%, a decline of 40.45 percentage points year-on-year [3] - Operating expenses for 2024 totaled 84.974 million yuan, an increase of 16.639 million yuan year-on-year, with an expense ratio of 59.09%, up 25.06 percentage points [3] Quarterly Analysis - In Q4 2024, the company achieved a revenue of 44.5558 million yuan, a year-on-year increase of 2.23% and a quarter-on-quarter increase of 2.05% [3] - The net loss attributable to shareholders in Q4 was 22.7183 million yuan, a year-on-year decrease in loss of 742.17% and a quarter-on-quarter decrease of 643.00% [3] - The net cash flow from operating activities was 35.1442 million yuan, a year-on-year decrease of 49.28% [4] Business Context - The primary clients of the company are military industrial groups and related electronic manufacturers, which have been affected by personnel adjustments and changes in weaponry parameters, leading to a decrease in order demand [3] - Increased market competition has resulted in a decline in prices for certain testing services, contributing to the overall revenue drop [3] - The company specializes in reliability testing services for military electronic components, including testing, destructive physical analysis, failure analysis, and reliability management technical support [4]