星网宇达2024年营收降45.14% 净利润降522.43%至亏2.28亿元

Core Viewpoint - The company, Xingwang Yuda, reported a significant decline in its financial performance for 2024, with a notable drop in revenue and a substantial increase in net losses compared to the previous year [2][4]. Financial Performance Summary - In 2024, Xingwang Yuda's operating revenue was 423 million yuan, a year-on-year decrease of 45.14% [2]. - The net loss attributable to the parent company was 228 million yuan, representing a year-on-year increase of 522.43% [2]. - The non-recurring net loss was 239 million yuan, showing a year-on-year increase of 1101.98% [2]. - Basic earnings per share were -1.10 yuan [2]. Quarterly Performance Summary - In Q4 2024, the company achieved operating revenue of 191 million yuan, a year-on-year increase of 143.37% and a quarter-on-quarter increase of 106.57% [5]. - The net loss for Q4 was 204 million yuan, a year-on-year decrease of 242.48% and a quarter-on-quarter decrease of 2591.61% [5]. - The non-recurring net loss for Q4 was 211 million yuan, a year-on-year decrease of 158.77% and a quarter-on-quarter decrease of 2037.45% [5]. Profitability Metrics - The gross margin for 2024 was 21.16%, a decrease of 14.33 percentage points year-on-year [5]. - The net margin was -56.33%, a decrease of 63.80 percentage points year-on-year [5]. Expense Analysis - Total operating expenses for 2024 were 201 million yuan, a decrease of 17.27 million yuan year-on-year [5]. - The expense ratio was 47.58%, an increase of 19.24 percentage points year-on-year [5]. - Sales expenses decreased by 18.95%, management expenses decreased by 9.99%, and R&D expenses decreased by 4.83%, while financial expenses increased by 39.30% [5]. Cash Flow and Assets - The net cash flow from operating activities was -102 million yuan, a year-on-year decrease of 4335.77% [5]. - As of the end of Q4 2024, total assets were 2.667 billion yuan, a year-on-year decrease of 5.9% [5]. - The net assets attributable to the parent company were 1.699 billion yuan, a year-on-year decrease of 11.9% [5]. Company Background - Xingwang Yuda was established on May 20, 2005, and was listed on December 13, 2016. The company's main business includes the research, development, production, and sales of inertial navigation, inertial measurement, and inertial stabilization products [6].