碧兴物联2024年由盈转亏，净利下降264.92%

Core Viewpoint - The company reported a revenue of 329 million yuan in 2024, a year-on-year decrease of 5.91%, and a net profit loss of 39 million yuan, a decline of 264.92%, primarily due to weakened industry demand, project delays, and the nurturing period of new businesses [2][3]. Financial Performance - Revenue for 2024 was 329,358,434.20 yuan, down from 350,043,672.31 yuan in 2023, reflecting a decrease of 5.91% [4][7]. - The net profit attributable to shareholders was -38,546,083.85 yuan, compared to a profit of 23,371,981.23 yuan in the previous year, marking a decline of 264.92% [4][5]. - The net profit after excluding non-recurring gains and losses fell by 601.42% [5]. - Operating cash flow turned positive at 188,267,936.18 yuan, a significant improvement from a negative cash flow of -251,313,462.47 yuan in the previous year [6][7]. Cost and Expense Analysis - Operating costs increased to 249,312,245.26 yuan, up 4.52% from the previous year [7]. - Research and development expenses rose by 25.41% to 41,617,857.26 yuan, reflecting increased investment in R&D [7][12]. - Management expenses increased by 5.50% due to the hiring of senior management personnel [7][10]. - Financial expenses decreased significantly due to increased returns from idle funds invested in bank financial products [7][11]. Business Segment Performance - The digital ecological sector, which includes environmental monitoring instruments and systems, saw a revenue decline of 5.90% [14]. - The digital agriculture and digital water management sectors are still in their nurturing phase, contributing to higher costs and lower revenues [8][14]. - The company’s main products include water quality monitoring instruments, gas monitoring instruments, and environmental monitoring big data systems [13]. Regional Performance - Revenue from the Northeast region increased by 54.33%, while the North China region saw a decrease of 7.09% [15]. - The East China region experienced a significant drop in revenue by 73.55% [15]. Sales Model Analysis - Direct sales revenue increased by 11.18%, while indirect sales revenue decreased by 31.13% [15].