投资界（PEdaily.cn）旗下，专注并购动态 把握并购窗口。 作者 I 岳笑笑 以下文章来源于并购最前线 ，作者岳笑笑 并购最前线 . 报道 I 投资界-并购最前线 投资界-并购最前线获悉，日前，上市公司慈星股份公告称，公司正筹划购买武汉敏声新 技术有限公司（以下简称武汉敏声）控股权。公司证券自1月15日开市时起开始停牌，预 计停牌时间不超过10个交易日。 出自武汉大学博导孙成亮之手，武汉敏声至今发展不过5年，距离最后一轮融资更是不到 半年，如今却意外卖身。回顾此次买卖双方渊源，武汉敏声早在接受慈星股份投资时便 约定将提交上市申请，但至今仍未盈利，转身选择并购。至此，身后一众投资方也得以 退出。 这也是一缕缩影：自并购六条发布以来，政策和监管为上市公司并购优质未盈利资产撕 开口子，大量初创公司纷纷走上并购退出道路，成为眼下并购浪潮中的标志性一幕。 武大教授创业 融资10个亿，要把公司卖了 公告揭开更多细节—— 慈星股份拟以发行A 股股票及支付现金方式购买武汉敏声控股权，并募集配套资金事 项，本次交易不会导致公司实际控制人变更。交易仍处于筹划阶段，尚存在不确定性， 具体交易方式、交易方案以后续公告的重组预案 ...

国泰君安证券股份有限公司 关于华海清科股份有限公司 2024 年度持续督导工作现场检查报告 国泰君安证券股份有限公司（以下简称"国泰君安"或"保荐机构"）作为 华海清科股份有限公司（以下简称"华海清科"或"公司"）首次公开发行股票 并在科创板上市的保荐机构及持续督导机构，根据《上海证券交易所科创板股票 上市规则》《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》 等相关法律法规的规定，对公司 2024 年 1 月 1 日至本次现场检查日期（以下简 称"本持续督导期间"）的规范运作情况进行了现场检查，现就现场检查的有关 情况报告如下： 一、 本次现场检查的基本情况 （一）保荐机构及保荐代表人 国泰君安证券股份有限公司：陈圳寅、裴文斐 （二）现场检查时间 2024 年 12 月 24 日至 25 日 （三）现场检查人员 陈圳寅 （四）现场检查内容 公司治理和内部控制情况、信息披露情况、独立性情况、与控股股东、实际 控制人及其他关联方资金往来情况、募集资金使用情况、关联交易、对外担保、 重大对外投资、公司经营情况等。 （五）现场检查手段 查看公司主要生产经营场所并与公司董事会秘书、财务负责人访谈；查 ...

Financial Performance - The company's operating revenue for Q3 2024 reached ¥955,024,737.35, representing a year-on-year increase of 57.63%[2] - Net profit attributable to shareholders for Q3 2024 was ¥288,051,469.58, up 51.74% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥246,428,215.86, reflecting a 62.36% increase year-on-year[2] - Basic and diluted earnings per share for Q3 2024 were both ¥3.04, compared to ¥2.38 in Q3 2023, representing a 27.5% increase[16] - The total comprehensive income for Q3 2024 reached approximately ¥718.94 million, up from ¥571.87 million in the same period last year, reflecting a growth of 25.7%[16] - Net profit for the first three quarters of 2024 was ¥720,702,833.04, representing a 27.8% increase from ¥563,929,246.56 in the same period of 2023[15] Research and Development - The total R&D investment for Q3 2024 amounted to ¥87,870,692.50, which is a 17.10% increase compared to the same period last year[2] - Research and development expenses for the first three quarters of 2024 amounted to ¥255,510,813.74, an increase of 19.5% compared to ¥213,746,113.75 in 2023[15] - The ratio of R&D investment to operating revenue decreased to 9.20%, down 3.18 percentage points from the previous year[3] Assets and Liabilities - The total assets of the company as of the end of Q3 2024 were ¥10,938,382,805.29, a 19.97% increase from the end of the previous year[3] - The company's total assets increased to ¥10,938,382,805.29 in Q3 2024, up from ¥9,117,359,632.14 in Q3 2023, reflecting a growth of 19.9%[14] - Total liabilities as of Q3 2024 were ¥4,773,492,450.28, compared to ¥3,599,623,655.77 in Q3 2023, marking an increase of 32.6%[14] - The company's equity attributable to shareholders reached ¥6,164,890,355.01 in Q3 2024, up from ¥5,517,735,976.37 in Q3 2023, indicating a growth of 11.7%[14] Cash Flow - The net cash flow from operating activities for the year-to-date period increased by 136.06% year-on-year, totaling ¥876,222,630.75[2] - Cash inflow from operating activities for the first three quarters of 2024 was approximately ¥3.17 billion, a significant increase from ¥2.09 billion in the same period of 2023[17] - The net cash flow from operating activities for Q3 2024 was approximately ¥876.22 million, compared to ¥371.19 million in Q3 2023, indicating a growth of 136.3%[17] - The cash outflow from investing activities in Q3 2024 was approximately ¥4.99 billion, slightly higher than ¥4.96 billion in Q3 2023, resulting in a net cash outflow of approximately ¥559.23 million[18] - The cash flow from financing activities in Q3 2024 showed a net outflow of approximately ¥331.36 million, compared to a net inflow of approximately ¥420.98 million in Q3 2023[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,254, with the largest shareholder, Qingkong Chuangye Investment Co., Ltd., holding 66,752,273 shares, representing 28.20% of the total shares[7] - There are no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[11] Market and Operational Status - The company has expanded its market share in the integrated circuit industry, leading to increased revenue from key products and services[6] - The company has not disclosed any new product launches or technological developments during this reporting period[9] - The company has not announced any new market expansion or acquisition strategies in this quarter[9] - There are no other important reminders regarding the company's operational status during the reporting period[12] Inventory and Receivables - Accounts receivable increased to RMB 682.78 million from RMB 477.20 million, reflecting a growth of approximately 43% year-over-year[12] - Inventory surged to RMB 3.31 billion, up from RMB 2.42 billion, indicating a year-over-year increase of about 37%[12] - The total current assets reached RMB 9.06 billion, compared to RMB 7.69 billion at the end of 2023, marking an increase of approximately 17%[12] - The company reported a significant increase in trading financial assets, rising to RMB 2.22 billion from RMB 2.02 billion, which is an increase of about 10%[12]

证券代码：688120 证券简称：华海清科 公告编号：2024-049 华海清科股份有限公司 2024 年半年度募集资金存放与实际使用情况 专项报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 根据中国证券监督管理委员会《上市公司监管指引第 2 号——上市公司募集 资金管理和使用的监管要求》《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》《上海证券交易所科创板股票上市规则》等有关规定，华海 清科股份有限公司（以下简称"公司"）董事会编制的 2024 年半年度募集资金 存放与实际使用情况专项报告如下： 一、募集资金基本情况 （一）实际募集资金金额和资金到账时间 经中国证券监督管理委员会《关于同意华海清科股份有限公司首次公开发行 股票注册的批复》（证监许可〔2022〕890 号）同意注册，公司向社会公开发行 人民币普通股（A 股）26,666,700 股，每股面值为人民币 1 元，每股发行价为人 民币 136.66 元，应募集资金总额为 3,644,271,222.00 元，根据有关规定扣除发 行费用 1 ...

国泰君安证券股份有限公司 关于华海清科股份有限公司 2024 年半年度持续督导跟踪报告 根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市 规则》《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有关法 律、法规的规定，国泰君安证券股份有限公司（以下简称"保荐机构"）作为华 海清科股份有限公司（以下简称"华海清科"和"公司"）持续督导工作的保荐 机构，负责华海清科上市后的持续督导工作，并出具本持续督导半年度跟踪报告。 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并针对具 | 保荐机构已根据持续督导工作 | | | 体的持续督导工作制定相应的工作计划。 | 进度制定相应工作计划。 | | 2 | 根据中国证监会相关规定，在持续督导工作开始 | 保荐机构已与华海清科签署协 | | | 前，与上市公司或相关当事人签署持续督导协议， | 议，明确了双方在持续督导期 | | | 明确双方在持续督导期间的权利义务，并报上海证 | 间的权利义务，并报上海证券 | | | 券交易所备案。 | 交易所备案。 ...

Financial Performance - The company reported a total revenue of 1.2 billion CNY for the first half of 2024, representing a year-on-year increase of 15%[1]. - The company's operating revenue for the first half of 2024 reached CNY 1,496,518,920.68, representing a 21.23% increase compared to CNY 1,234,424,929.07 in the same period last year[17]. - Net profit attributable to shareholders was CNY 432,651,363.46, up 15.65% from CNY 374,097,280.17 year-on-year[17]. - The net cash flow from operating activities increased by 38.55% to CNY 372,015,773.46, compared to CNY 268,502,815.49 in the previous year[17]. - The company's total assets grew by 12.91% to CNY 10,294,135,034.60 from CNY 9,117,359,632.14 at the end of the previous year[17]. - Basic earnings per share rose to CNY 2.72, a 15.74% increase from CNY 2.35 in the same period last year[18]. - The company achieved a total of 1.5 billion RMB for the first half of 2024, representing a 25% year-over-year growth[129]. - Net profit for the first half of 2024 was ¥432,651,363.46, compared to ¥374,097,280.17 in the first half of 2023, reflecting a growth of approximately 15.6%[191]. User Growth and Market Expansion - User data indicates a growth in active users by 20% compared to the same period last year, reaching 500,000 active users[1]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2024[1]. - The company provided guidance for the second half of 2024, expecting revenue to grow by an additional 20% compared to the first half[129]. - Market expansion plans include entering two new international markets by Q4 2024, projected to increase overall market share by 10%[129]. Research and Development - Research and development expenses increased by 18%, totaling 200 million CNY, focusing on advanced packaging technologies[1]. - The company invested 11.72% of its operating revenue in R&D, up from 11.24% year-on-year[18]. - The company reported a total R&D investment of ¥175,377,780.21, an increase of 26.43% compared to the previous year[48]. - The number of R&D personnel increased to 527, representing 36.60% of the total workforce, up from 33.36% in the previous year[54]. - The company has achieved significant breakthroughs in key technologies, including nano-level polishing and online detection, contributing to its competitive edge in the semiconductor industry[22]. Strategic Initiatives - The company has completed a strategic acquisition of a smaller tech firm for 300 million CNY to enhance its product offerings[1]. - The company has initiated a new strategy to improve operational efficiency, aiming for a 5% reduction in costs by the end of 2024[1]. - The company is considering strategic acquisitions to bolster its technology portfolio, with a budget of up to 300 million RMB allocated for potential deals[129]. - A new marketing strategy is set to roll out in Q3 2024, aiming to increase brand awareness and customer engagement by 30%[129]. Risks and Challenges - The management highlighted potential risks including supply chain disruptions, which could impact future performance[1]. - The company is exposed to risks related to customer concentration, as its performance is closely tied to the capital expenditures of major semiconductor manufacturers[84]. - Changes in government subsidies and tax incentives could adversely affect the company's financial performance if support decreases[86]. Environmental and Social Responsibility - The company is focused on enhancing safety production and environmental protection to ensure sustainable development[78]. - The company has invested a total of 435,000 yuan in purchasing poverty alleviation agricultural products in the first half of 2024[124]. - The company actively engages in energy-saving projects to reduce carbon emissions, including wastewater recycling and rooftop solar power generation[122]. - The company has established effective pollution prevention facilities, with all systems operating well[115]. Shareholder and Governance Matters - The board confirmed that there are no significant governance issues affecting the integrity of the financial report[1]. - The company has committed to not transferring shares held prior to the public offering for 12 months post-listing on the Shanghai Stock Exchange[131]. - The company will ensure that any share transfers comply with relevant laws and regulations, including the Company Law and Securities Law[133]. - The company will not allow any share repurchase of the pre-IPO shares during the first 3 complete fiscal years if it has not achieved profitability[132].

Financial Performance Expectations - The company expects to achieve operating revenue of between 1,450 million to 1,520 million yuan for the first half of 2024, an increase of 215.575 million to 285.575 million yuan compared to the same period last year, representing a year-on-year growth of 17.46% to 23.13%[2] - The net profit attributable to the parent company is expected to be between 425 million to 445 million yuan, an increase of 50.9027 million to 70.9027 million yuan compared to the same period last year, with a year-on-year growth of 13.61% to 18.95%[2] - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be between 360 million to 380 million yuan, an increase of 52.5417 million to 72.5417 million yuan compared to the same period last year, with a year-on-year growth of 17.09% to 23.59%[2] - The company achieved operating revenue of 1,234.4249 million yuan and a net profit of 374.0973 million yuan in the first half of 2023[5] Performance Drivers - The increase in performance is attributed to the company's continuous investment in R&D and production capacity, enhancing its core competitiveness, with sales of specialized equipment and services showing varying degrees of growth compared to the same period last year[6]

证券研究报告 | 公司动态点评 2024 年 06月 17日 华海清科（688120.SH） Q1 业绩同比稳健增长，CMP 设备稳固领先地位 财务指标 2022A 2023A 2024E 2025E 2026E 买入（上调评级） 营业收入（百万元） 1,649 2,508 3,489 4,635 5,852 股票信息 增长率yoy（%） 104.9 52.1 39.1 32.9 26.3 归母净利润（百万元） 502 724 997 1,287 1,647 行业 电子 增长率yoy（%） 153.0 44.3 37.8 29.0 28.0 2024年6月14日收盘价（元） 199.71 ROE（%） 10.5 13.1 15.5 16.8 17.9 总市值（百万元） 31,740.59 EPS最新摊薄（元） 3.16 4.55 6.28 8.10 10.36 流通市值（百万元） 22,793.54 P/E（倍） 63.4 43.9 31.9 24.7 19.3 总股本（百万股） 158.93 P/B（倍） 6.6 5.8 4.9 4.2 3.4 流通股本（百万股） 114.13 资料来源：公司财报，长城证券 ...

Financial Performance - The net profit attributable to shareholders for 2023 was CNY 723,746,551.15, representing a profit distribution plan of CNY 87,413,360.65 in cash dividends, which accounts for 12.08% of the net profit[4]. - The company's revenue for 2023 reached ¥2,507,991,057.37, representing a 52.11% increase compared to ¥1,648,838,308.18 in 2022[17]. - Net profit attributable to shareholders for 2023 was ¥723,746,551.15, up 44.29% from ¥501,601,016.84 in 2022[17]. - The net cash flow from operating activities surged to ¥652,931,193.42, a significant increase of 2,501.04% compared to ¥25,102,682.25 in 2022[17]. - The company's total assets at the end of 2023 were ¥9,117,359,632.14, reflecting a 16.49% increase from ¥7,826,758,909.40 at the end of 2022[17]. - The net assets attributable to shareholders increased by 15.17% to ¥5,517,735,976.37 at the end of 2023, compared to ¥4,790,865,019.64 at the end of 2022[17]. - Basic earnings per share for 2023 were ¥4.55, a 29.26% increase from ¥3.52 in 2022[18]. - The net profit after deducting non-recurring gains and losses for 2023 was ¥608,121,136.27, a 60.05% increase from ¥379,953,807.61 in 2022[17]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 5.50 per 10 shares and to increase the share capital by 4.90 shares for every 10 shares held, resulting in a total share capital increase to 236,810,741 shares[4]. - As of December 31, 2023, the parent company's distributable profits amounted to CNY 1,320,574,036.04[4]. - The total cash dividend amount is 87,413,360.65 RMB, which represents 12.08% of the net profit attributable to ordinary shareholders in the consolidated financial statements[176]. - The company has a cash dividend policy that prioritizes cash distributions, aiming for at least 10% of the annual distributable profit to be distributed in cash[170]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[3]. - The board of directors has confirmed the authenticity, accuracy, and completeness of the annual report[2]. - There are no special arrangements for corporate governance applicable to the company[5]. - The company has not violated decision-making procedures for external guarantees[6]. - The company has not faced any issues with a majority of directors being unable to guarantee the authenticity of the annual report[6]. - The company maintains a high level of transparency and compliance in information disclosure, achieving the highest rating of "A" in the Shanghai Stock Exchange's annual evaluation[47]. Research and Development - The R&D expenditure as a percentage of revenue was 12.12% in 2023, down from 13.14% in 2022[18]. - The company is focusing on the development of CMP equipment and advanced packaging technologies, which are critical for high-performance chip manufacturing[27]. - The company is committed to continuous innovation in product development, particularly in CMP and thinning equipment, to enhance market competitiveness[28]. - The company has developed key technologies in CMP equipment, thinning equipment, cutting equipment, cleaning equipment, and film thickness measurement equipment through independent research and development[58]. - The company achieved a total R&D investment of ¥303,934,936.40 in 2023, representing a 40.33% increase compared to ¥216,592,821.96 in the previous year[71]. Market Position and Growth - The company maintained a strong market position with significant growth in both revenue and profit metrics, indicating robust operational performance[17]. - The company achieved quarterly revenues of 616 million RMB, 618 million RMB, 605 million RMB, and 668 million RMB in Q1, Q2, Q3, and Q4 respectively[22]. - The company has steadily increased its market share in the domestic CMP equipment sector, now covering nearly all domestic 12-inch advanced integrated circuit production lines, positioning itself as a leader in China[64]. - The semiconductor equipment sector is experiencing rapid growth due to increasing demand for semiconductor chips driven by emerging applications in IoT, big data, and AI[62]. Risks and Challenges - The company faces risks related to core technology personnel turnover and the need for ongoing innovation to maintain competitive advantage in the semiconductor equipment industry[85]. - The company is exposed to risks from changes in government subsidies and tax incentives, which could adversely affect its financial performance[92]. - The company faces risks related to high customer concentration, which may impact its negotiating power and operational stability[87]. - There is a risk that the market expansion for new products and services may not meet expectations, potentially affecting future performance[88]. Environmental and Social Responsibility - The company achieved zero incidents of environmental pollution, fire accidents, occupational diseases, or major injuries during the reporting period, ensuring a stable and sustainable development environment[46]. - The company emphasizes sustainable development, integrating green and low-carbon practices into its operations[196]. - Environmental protection investments during the reporting period amounted to 1.74 million yuan[198]. - The company is classified as a key pollutant discharge unit but ensures that wastewater and emissions meet environmental standards through effective treatment facilities[199]. Employee and Management Structure - The company has a total of 1,268 employees, with 1,174 in the parent company and 94 in major subsidiaries[165]. - The employee composition includes 380 production staff, 24 sales personnel, 664 technical staff, 14 financial staff, and 186 administrative staff[166]. - The company has established a competitive salary and benefits system, including fixed salaries, overtime pay, and performance bonuses, to enhance employee motivation[167]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to CNY 29.06 million[151]. Strategic Initiatives - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing product efficiency[142]. - Future plans include expanding market share in high-end semiconductor equipment, targeting rapid breakthroughs in CMP, thinning, slicing, and wafer regeneration businesses[129]. - The company plans to optimize its products and services through technology upgrades and process improvements, aiming to expand its market presence and influence[129]. - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of 500 million RMB allocated for this purpose[142].

Financial Performance - The company's operating revenue for Q1 2024 was RMB 680,248,921.74, representing a year-on-year increase of 10.40%[4] - The net profit attributable to shareholders was RMB 202,145,758.93, reflecting a growth of 4.27% compared to the same period last year[4] - The basic and diluted earnings per share for the period were both RMB 1.27, reflecting a year-on-year increase of 4.10%[4] - Total revenue for Q1 2024 reached ¥680,248,921.74, an increase of 10.4% compared to ¥616,162,771.86 in Q1 2023[16] - Net profit for Q1 2024 was ¥202,145,758.93, representing a 4.6% increase from ¥193,865,558.18 in Q1 2023[17] - Earnings per share for Q1 2024 was ¥1.27, compared to ¥1.22 in Q1 2023[17] - The company reported a total operating profit of ¥230,017,280.21 for Q1 2024, slightly up from ¥219,709,629.78 in Q1 2023[16] Cash Flow and Investments - The net cash flow from operating activities increased significantly by 136.29%, amounting to RMB 167,902,222.64, due to higher cash receipts from sales[7] - Cash inflow from operating activities for Q1 2024 was $640.62 million, a decrease of 18.5% compared to $786.42 million in Q1 2023[18] - Net cash outflow from investing activities was $87.58 million in Q1 2024, a significant decline from a net inflow of $473.84 million in Q1 2023[19] - Cash outflow for purchasing fixed assets and intangible assets was $64.44 million in Q1 2024, compared to $25.23 million in Q1 2023, indicating increased investment in long-term assets[18] - Cash outflow from financing activities was $78.24 million in Q1 2024, contrasting with a net inflow of $21.66 million in Q1 2023, reflecting a shift in financing strategy[19] - The net increase in cash and cash equivalents for Q1 2024 was $2.15 million, a sharp decline from $566.56 million in Q1 2023[19] - Total cash and cash equivalents at the end of Q1 2024 stood at $2.48 billion, slightly down from $2.55 billion at the end of Q1 2023[19] - Cash received from the recovery of investments was $1.41 billion in Q1 2024, down from $1.64 billion in Q1 2023, indicating a decrease in investment recovery[18] - Cash paid for employee compensation increased to $137.05 million in Q1 2024, up from $92.94 million in Q1 2023, reflecting higher personnel costs[18] - Cash received from other operating activities rose significantly to $130.72 million in Q1 2024, compared to $30.52 million in Q1 2023, indicating improved operational efficiency[18] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 9,717,764,948.18, up 6.59% from the end of the previous year[4] - As of March 31, 2024, the total current assets amounted to approximately RMB 8.21 billion, an increase from RMB 7.69 billion as of December 31, 2023, representing a growth of about 6.9%[13] - The total assets reached RMB 9.72 billion, up from RMB 9.12 billion, which is an increase of approximately 6.6%[14] - The total non-current assets increased to RMB 1.51 billion from RMB 1.43 billion, reflecting a growth of about 5.0%[14] - The company's long-term equity investments slightly decreased to RMB 128.96 million from RMB 131.33 million, a decline of approximately 1.8%[14] - The accounts payable surged to RMB 1.10 billion from RMB 694.25 million, representing an increase of approximately 58.2%[14] - Total liabilities increased to ¥3,973,466,465.72 in Q1 2024, compared to ¥3,599,623,655.77 in Q1 2023, marking a rise of 10.4%[15] - The total equity attributable to shareholders reached ¥5,744,298,482.46 in Q1 2024, up from ¥5,517,735,976.37 in Q1 2023, an increase of 4.1%[15] Research and Development - Research and development expenses totaled RMB 80,440,446.19, which is 11.83% of operating revenue, an increase of 1.32 percentage points year-on-year[4] - Research and development expenses increased to ¥77,442,344.38 in Q1 2024, up from ¥64,736,219.09 in Q1 2023, reflecting a growth of 19.6%[16] - The company plans to continue its focus on R&D and market expansion to drive future growth[6] Shareholder Information - The top ten shareholders held a total of 60.25% of the shares, with the largest shareholder owning 28.19%[8] - The company has not reported any significant changes in shareholder relationships or actions regarding the top ten shareholders during the reporting period[11] Other Financial Metrics - The weighted average return on equity decreased by 0.38 percentage points to 3.59%[4] - The company recognized non-recurring gains of RMB 30,402,752.50, primarily from government subsidies and fair value changes of financial assets[5] - Deferred income increased to ¥485,288,020.95 in Q1 2024, compared to ¥389,888,181.64 in Q1 2023, reflecting a growth of 24.5%[15] - The company did not apply new accounting standards for the fiscal year starting in 2024, maintaining consistency in financial reporting[19]