Zheng Quan Zhi Xing·2025-07-11 12:17Core Viewpoint - The company, Suzhou Hanchuan Intelligent Technology Co., Ltd., reported significant financial losses for 2024, with a net profit of -1.103 billion yuan, a year-on-year decline of 1205%, and a non-recurring net profit of -1.098 billion yuan, reflecting a decrease of 106.98% [1][2]. Financial Performance - The company's total revenue for 2024 was 474 million yuan, down 64.60% from the previous year [1]. - The operating income from the automotive intelligent manufacturing equipment segment decreased by 49.81% to 623 million yuan, while the revenue from the charging and swapping equipment segment fell by 60.16% to 115 million yuan [1][2]. - The battery intelligent manufacturing equipment segment reported a revenue of -658,110 yuan, indicating a decline of 101.32% [1]. Business Segment Analysis - The automotive intelligent manufacturing equipment segment faced challenges due to macroeconomic conditions and fluctuating customer demand, leading to lower delivery volumes and acceptance rates [1]. - The company underwent strategic and organizational adjustments in 2024, resulting in staff reductions and optimization of project debugging processes, which slowed project progress [1][2]. - The new energy business segments (charging and battery equipment) experienced significant revenue declines and negative gross profits, attributed to market saturation and intense competition [1][2]. Losses and Impairments - The company reported substantial asset impairment losses, totaling 558.46 million yuan in 2024, primarily due to inventory and contract asset impairments [2][3]. - Credit impairment losses increased significantly, reaching 176.12 million yuan in 2024, driven by strategic adjustments and disputes with customers [2][3]. Management Expenses - Management expenses rose sharply, with total expenses for 2024 amounting to 183.34 million yuan, up from 127.11 million yuan in 2023 [2][3]. - The increase in management expenses was attributed to higher employee compensation, one-time costs related to office relocations, and severance payments due to staff reductions [2][3]. Strategic Adjustments - The company is focusing on high-margin projects and quality customers in the automotive sector, with a backlog of orders amounting to approximately 730 million yuan as of March 2025 [3]. - Strategic contraction in the new energy segments is expected to reduce revenue but aims to mitigate losses and improve future profitability [3][4].