TIANMA(000050)2025-04-04 14:10Group 1: Financial Performance - In 2024, the company achieved revenue of approximately 33.5 billion CNY, representing a year-on-year growth of 3.79% [2] - The net profit attributable to shareholders improved by over 1.4 billion CNY, with net profit excluding non-recurring gains and losses improving by over 1.6 billion CNY [3][14] - The net cash flow from operating activities reached 5.752 billion CNY, a year-on-year increase of 45.33% [3] Group 2: Business Segments Performance - The automotive display business saw revenue growth of over 40% in 2024, maintaining the global number one position in automotive TFT-LCD and instrument display shipments for five consecutive years [4] - The smartphone display business accounted for approximately 35% of total revenue, with flexible AMOLED contributing over 60% of smartphone display revenue [4] - The IT display business continued to expand, with LTPS NB display products increasing market share globally [6] Group 3: Cost Control and Efficiency - The company implemented comprehensive budget management and cost control measures, resulting in a reduction of sales, management, and financial expenses by 2.28% year-on-year [11] - The gross profit margin improved by 6.47 percentage points, supported by effective cost reduction strategies [14] - The company’s R&D investment reached 3.347 billion CNY in 2024, focusing on key technology areas [20] Group 4: Market Expansion and Customer Relations - Domestic revenue accounted for over 60% of total revenue, with a year-on-year growth of approximately 10 percentage points, primarily driven by the automotive display business [8] - The company maintained strong relationships with major clients, receiving multiple quality awards from brands like Xiaomi and OPPO [28] - The company is actively exploring new markets and customer segments, achieving significant breakthroughs in commercial display and automotive electronics [28] Group 5: Future Outlook and Strategic Initiatives - The company aims to achieve profitability in 2025, focusing on improving operational quality and efficiency across its main business segments [12] - A valuation enhancement plan has been established to improve investor relations and increase shareholder returns [34] - The company is committed to continuous innovation and technology development, with a focus on OLED and Micro-LED technologies [20][22]