Zhong Guo Jing Ji Wang·2025-05-09 03:04Core Viewpoint - Sanwang Communication (688618.SH) reported a significant decline in revenue and net profit for the fiscal year 2024, indicating potential challenges in its business operations and market conditions [1][2]. Financial Performance Summary - For the fiscal year 2024, the company achieved operating revenue of 357 million yuan, a decrease of 18.79% compared to 439 million yuan in 2023 [2]. - The net profit attributable to shareholders was 32.82 million yuan, down 69.98% from 109.35 million yuan in the previous year [2]. - The net profit after deducting non-recurring gains and losses was 20.62 million yuan, reflecting a decline of 78.20% from 94.57 million yuan in 2023 [2]. - The net cash flow from operating activities increased by 26.91% to 65.42 million yuan, compared to 51.55 million yuan in the previous year [2]. Quarterly Performance Summary - In the first quarter of 2025, the company reported operating revenue of 80.79 million yuan, a year-on-year increase of 7.01% [3]. - The net profit attributable to shareholders for the first quarter was 797,270 yuan, a decrease of 48.44% from 1.55 million yuan in the same period last year [3]. - The net profit after excluding non-recurring items was 324,750 yuan, down 72.70% from 1.19 million yuan in the previous year [3]. - The net cash flow from operating activities for the first quarter was 11.29 million yuan, a decrease of 29.17% compared to 15.94 million yuan in the previous year [3]. Fundraising and Stock Issuance - Sanwang Communication was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 30, 2020, raising a total of 430 million yuan, with a net amount of 384 million yuan after deducting issuance costs [3]. - The company planned to raise 449 million yuan, with allocations for industrial internet equipment expansion, R&D center construction, and working capital [4]. - The company announced a stock dividend of 4.8 shares for every 10 shares held, along with a pre-tax dividend of 5.2 yuan, effective from June 4, 2024 [4].