CVTE(SZ:002841) 剑道电子·2025-02-26 01:13Core Viewpoint - The company reported a revenue growth of 11% year-on-year for 2024, but the net profit attributable to shareholders declined by 29% [2]. Financial Performance - In 2024, total revenue reached 22.457 billion yuan, reflecting a year-on-year increase of 11.3%. However, the net profit attributable to shareholders was 972 million yuan, down 29.1% year-on-year. The non-recurring net profit was 838 million yuan, a decrease of 27.8% year-on-year [2]. - For Q4 2024, revenue was 5.304 billion yuan, showing a year-on-year increase of 10.9% but a quarter-on-quarter decline of 24.6%. The net profit attributable to shareholders for Q4 was 41 million yuan, down 86.6% year-on-year and 90.5% quarter-on-quarter [2]. - The gross margin for 2024 decreased by 3.55 percentage points year-on-year, with a stabilizing trend observed in Q4 2024 [3]. Business Segment Performance - Revenue from the liquid crystal display main control board and related businesses grew by 13.6% year-on-year. In contrast, the education business saw a decline of 8.7%, and the enterprise service business decreased by 2.2%. However, overseas business revenue increased by 17.5% [2]. - The education segment faced challenges due to tightened customer budgets, leading to an 8.7% decline in revenue. Despite this, the company's education brand, Seewo, maintained a strong market position, with rapid growth in its hardware and software products [4]. Innovation and R&D - The company increased its R&D investment, with R&D expenses rising by 1.1 billion yuan year-on-year. In 2024, over 1,000 new patents were authorized, including more than 350 invention patents [3]. - Seewo launched a teaching model in October 2023 and plans to release a 2.0 version in October 2024, enhancing AI applications in education [4].