Financial Performance - In 2024, the company achieved operating revenue of 1,026.65 million CNY, a year-on-year decrease of 20.06% [2] - The net profit attributable to shareholders was -175.21 million CNY, a decline of 982.54% compared to the previous year [2] - The net profit after deducting non-recurring gains and losses was -183.28 million CNY, down 2,746.86% year-on-year [2] - The gross profit margin decreased by 4.45% due to fixed costs and market competition [2] Industry Overview - In 2024, the furniture manufacturing industry achieved a total operating revenue of 677.15 billion CNY, a growth of 0.4% year-on-year [3][4] - The total profit for the industry was 37.24 billion CNY, a slight decline of 0.1% compared to the previous year [4] - The market remains stable, with growth potential driven by housing policies and urbanization [4] Growth Strategies - The company aims to focus on high-quality development and enhance profitability through a "big home" strategy, emphasizing green and high-quality customized home products [3] - Continuous improvement of subsidiary business performance and risk management systems is planned to enhance asset quality [3] Shareholder Engagement - The company has implemented a share buyback plan, having repurchased 4,103,500 shares, accounting for 2.00% of total share capital, with a total transaction amount of 27,649,614 CNY [6] - The company is committed to cash dividends and other shareholder return strategies based on future profitability [5][6] International Business Development - The company is exploring overseas markets through subsidiaries like Topsolid International (Hong Kong) and Zhongshan Topsolid International Trade Co., Ltd. [6] - Less than 1% of total revenue comes from exports, primarily to Europe and Southeast Asia, indicating limited impact from U.S. tariffs [6]

经营业绩概览 顶固集创发布的2024年年报显示，公司全年营业总收入为10.27亿元，同比下降20.06%；归母净利润 为-1.75亿元，同比下降982.54%；扣非净利润为-1.83亿元，同比下降2746.86%。从单季度数据来看，第 四季度营业总收入为2.31亿元，同比下降38.29%；归母净利润为-1.66亿元，同比下降1105.35%。 盈利能力分析 公司的盈利能力显著下降。2024年毛利率为22.68%，同比下降17.89%；净利率为-17.07%，同比下降 1362.32%。每股收益为-0.85元，同比下降950.0%。这表明公司在扣除所有成本后，产品或服务的附加 值较低。 近期顶固集创（300749）发布2024年年报，证券之星财报模型分析如下： 资产与负债 公司应收款项为8535.92万元，同比下降36.18%，主要原因是公司预计部分大宗客户回款风险增加，计 提减值准备增加。投资性房地产变动幅度为49.22%，主要原因是部分客户以房抵债，转入投资性房地 产进行核算。短期借款有所增加，但具体金额未披露。 行业背景与竞争态势 顶固集创所属的家具制造业是典型的房地产后周期产业，与房地产行业景气程度密切 ...