联明股份: 2024年年度股东大会会议资料

Core Viewpoint - The company is facing significant challenges in the automotive industry, with a reported revenue decline of 31.17% in 2024 compared to the previous year, indicating ongoing pressure on profitability and operational performance [4][14]. Company Operations - In 2024, the company's operating revenue was 782.88 million yuan, down from 1.14 billion yuan in the previous year [4][5]. - The automotive parts business generated 463.20 million yuan in revenue, reflecting a decrease of 31.57% year-on-year [6][10]. - The company has implemented cost control measures, including procurement management and process optimization, to enhance competitiveness [4][16]. Financial Performance - The company's operating costs decreased by 30.38% to 587.16 million yuan, while sales expenses fell by 24.78% to 9.09 million yuan [5][8]. - The net cash flow from operating activities dropped by 62.56% to 95.15 million yuan, indicating reduced cash inflow due to lower sales [9][10]. - Investment income decreased by 79.27% to 3.45 million yuan, reflecting challenges in generating returns from investments [5][9]. Industry Context - The automotive industry is experiencing a transformation towards high-quality development, with a focus on innovation and efficiency [14][15]. - The total number of vehicles in China reached 353 million in 2024, highlighting the vast potential of the automotive market [14]. - The company aims to strengthen its core competitiveness by enhancing research and development capabilities in new technologies and products [14][16]. Future Strategy - The company plans to leverage capital market opportunities to integrate upstream and downstream supply chains, focusing on smart manufacturing and logistics [15][16]. - Emphasis will be placed on optimizing resource allocation and enhancing operational efficiency to navigate the competitive landscape [16]. - The company will continue to explore new business opportunities while maintaining its existing operations [15][16].