Core Insights - The company reported an increase in revenue but a decline in profit for the year 2024, indicating potential challenges in profitability despite revenue growth [1][2]. Financial Performance - The company achieved an operating revenue of 100.1 million yuan, a year-on-year increase of 5.14% [1]. - The gross profit margin decreased to 34.11% from 38.26% in the previous year [2]. - The net profit attributable to shareholders was 15.72 million yuan, down 21.21% from the previous year [1]. - The net profit after deducting non-recurring items was 12.46 million yuan, reflecting a significant decline of 37.58% [1]. - The weighted average return on equity decreased to 9.29% from 14.18% [1]. Cash Flow and Assets - The net cash flow from operating activities was 307,700 yuan [2]. - As of the end of the reporting period, total assets amounted to 21.55 million yuan, with net assets of 18.68 million yuan, resulting in a debt-to-asset ratio of 13.31% [2]. Research and Development - The company invested 856,200 yuan in research and development, which accounted for 12.45% of its operating revenue [2]. Employee Statistics - The total number of employees increased to 60, up from 48, marking a 25% increase in workforce [3]. Management and Ownership - The actual controllers and major shareholders are Peng Chao and Peng Bingsheng, who are father and son [4]. - Peng Chao serves as the chairman, while Peng Bingsheng is the current general manager [4]. Company Overview - The company specializes in the research, breeding, promotion, and service of hybrid rice seeds, with its main products including rice seeds and related services [6].