Core Viewpoint - The financial performance of Guangzhou Pinggao Software Co., Ltd. shows a decline in revenue and net profit for the year 2024, with significant challenges in maintaining profitability across its business segments [1][2]. Financial Performance - In 2024, the company achieved operating revenue of 520 million yuan, a year-on-year decrease of 4.81% [1]. - The net profit attributable to the parent company was -64.06 million yuan, a year-on-year decrease of 499.74% [1]. - The net profit after deducting non-recurring gains and losses was -71.88 million yuan, a year-on-year decrease of 218.09% [1]. - The company's gross profit margin has declined over the past three years, with rates of 41.39%, 38.46%, and 35.35% respectively [1]. Business Segment Analysis - Cloud Computing Business: - Revenue was 414.63 million yuan, accounting for 79.74% of total revenue, with a slight decrease of 0.27% year-on-year [3]. - The gross profit margin decreased by 6.33 percentage points to 35.36% [3]. - Cloud Product Sales: - Revenue was 48.01 million yuan, a year-on-year increase of 2.93%, but the gross profit margin decreased by 16.65 percentage points to 44.12% [3]. - Cloud Solutions: - Revenue was 263.75 million yuan, a year-on-year increase of 1.81%, with a gross profit margin of 26.19%, down by 7.07 percentage points [3]. - Cloud Leasing: - Revenue was 102.88 million yuan, a year-on-year decrease of 6.51%, but the gross profit margin increased by 1.33 percentage points to 54.76% [3]. - Industry Informationization: - Revenue was 105.37 million yuan, a year-on-year decrease of 19.27%, with a gross profit margin of 35.31%, up by 8.29 percentage points [3]. Accounts Receivable - As of the end of 2024, the company's accounts receivable amounted to 619 million yuan, an increase of 17.72% year-on-year, representing 119.11% of operating revenue, up by 22.79 percentage points [14][19]. - The aging of accounts receivable has increased significantly, with over one year of aging accounting for 49.73 million yuan, an increase of 67.36% year-on-year [14][20]. - The top five customers accounted for 42.77% of the total accounts receivable, indicating a high concentration [14][18].
品高股份: 民生证券股份有限公司关于广州市品高软件股份有限公司2024年年度报告的信息披露监管问询函回复的核查意见