4月24日晚间，创耀科技(688259.SH)发布2024年年报。2024年，公司实现营业收入5.92亿元；扣非归母 净利润4510.07万元，同比增长4.42%。在复杂市场环境下，公司通过战略聚焦主业与创新驱动，展现出 稳健发展态势。 短距无线星闪芯片方面，公司实现了产品在机顶盒、无线鼠标等领域的出货，并与智能家电、智能电动 工具、无线键盘等IoT设备厂商开展合作研发，有望抓住短距无线领域标准国产自主化和技术升级的契 机，在中高端无线终端设备领域获取新的业务增长机会。 2025年，公司表示，将持续聚焦通信网络芯片底层技术研发，不断提升核心业务的产品竞争力。同时将 继续发力丰富产品矩阵，推动产品销售的长期增长。 资本助力企业发展赋能产业链战略升级 在夯实内生业务稳健发展的基础上，公司通过战略投资通信半导体设计、通信设备等产业链上下游优质 企业，有效整合行业资源，延展产业链布局维度，全面提升综合竞争力。 报告期内，公司坚持稳中求进工作总基调，一方面通过规范公司治理和降本增效持续夯实经营发展基 础。另一方面坚持平台化发展战略，通过高比例研发投入着力打造新的业务增长点，加大核心技术攻关 和产品迭代力度，不断向高性能 ...

Core Viewpoint - The financial report of Jiuquan Technology for 2024 indicates a decline in both revenue and profit, highlighting the pressure the company faces in a changing market environment [4][8]. Revenue and Profit Decline - In 2024, the total revenue of the company was 592 million yuan, a year-on-year decrease of 1.85% [4]. - The net profit attributable to the company was 94 million yuan, down 28.79% year-on-year, while the non-recurring net profit saw a significant drop of 42.00% to 52.55 million yuan [4][8]. - This performance contrasts sharply with the company's previous years of rapid growth, where in 2022, total revenue increased by 42.17% and net profit surged by 97.29% [4]. Market Position and Competition - Despite maintaining a leading position in the smart electric meter chip market, the company faces intensified competition and changing customer demands, which negatively impact profitability [4][5]. - The significant decline in gross profit by 12.71% indicates weakened cost control capabilities [4]. BMS Chip Development - In 2024, the company achieved its first order in the BMS chip sector, marking a significant step in expanding into new markets [5]. - The BMS chips are utilized in battery management systems for electric two-wheelers, vacuum cleaners, and outdoor power sources, with the HT3310X and HT32F106 chips offering high precision and low power consumption [5][6]. - However, the BMS chip market is highly competitive, and the company must enhance product performance and cost-effectiveness to secure a foothold [6]. R&D Investment and Innovation - The company increased its R&D expenditure to 181 million yuan in 2024, reflecting a year-on-year growth of 18.02% [7]. - A high proportion of R&D personnel, at 79%, underscores the company's commitment to technological innovation [7]. - The company applied for 12 patents during the reporting period, with a focus on energy metering chips, smart electric meter MCU chips, and BMS chips [7]. - New products launched include a new generation of three-phase metering chips and advancements in smart electric meter MCU chips based on RISC-V architecture [7]. Future Outlook - The company's ability to reverse its declining trend through technological innovation and market expansion remains to be seen [8].