华丽家族2024年净利润下滑159% 房地产结转与新兴业务拖累业绩

Core Viewpoint - Huali Family Co., Ltd. reported a significant increase in revenue for 2024, but also faced substantial net losses, indicating a "revenue growth without profit" situation [2]. Financial Performance - The company achieved an operating revenue of 353 million yuan in 2024, representing a year-on-year increase of 118.47% compared to 161 million yuan in 2023 [3]. - The net loss attributable to shareholders was 34.42 million yuan, a decline of 159.37% from a profit of 57.97 million yuan in the previous year [3]. - The net profit after deducting non-recurring gains and losses was a loss of 38.45 million yuan, compared to a profit of 44.83 million yuan in 2023 [3]. - Cash generated from operating activities was a negative 223.69 million yuan, an improvement from a negative 347.30 million yuan in 2023 [3]. Business Segments - The real estate segment showed mixed performance, with projects in Shanghai and Suzhou driving revenue growth, while the overall market downturn led to a 19.23 percentage point decline in gross margin [2][4]. - The increase in revenue was primarily due to the higher turnover of the Suzhou project, despite the adverse market conditions [2]. - The company’s investment in Xiamen International Bank, which has not paid dividends for five consecutive years, resulted in a reduction of approximately 50 million yuan in investment income, further pressuring financial performance [2]. Emerging Business Challenges - The graphene industry, which the company has invested in for years, continues to struggle, with revenue from graphene derivatives dropping to only 17,000 yuan, a decrease of 72.42% year-on-year [4]. - Subsidiaries in Ningbo and Chongqing are still operating at a loss, and new ventures like South River Robotics have yet to contribute effectively to profitability [4]. - Efforts to revitalize assets through fund investments have not yet yielded significant returns, and the exit from the Ruile Culture project has not been fully realized, making it difficult to improve financial performance in the short term [4].