SEA STAR(SZ:002137)2024-05-13 11:36Financial Performance - The net cash flow from operating activities in 2023 significantly improved year-on-year, reaching 38.425 million CNY, attributed mainly to differences in sales receipts and procurement payment terms [3] - Total revenue for 2023 decreased by 6.88%, primarily due to reduced customer orders influenced by industry cyclicality [4] - The gross profit margin declined by 0.68 percentage points, while the net profit margin saw a substantial drop of 20.10 percentage points [5] - Revenue from smart hardware manufacturing fell by 30.15% year-on-year, linked to market demand fluctuations and customer order reductions [6] - Revenue from smart terminal business increased by 17.98%, but net profit plummeted by 92.75%, mainly due to a significant decrease in non-recurring gains [6] Risk Management and Strategy - The company plans to manage non-recurring gains by classifying and controlling different types of such gains to minimize their impact on performance [4] - A comprehensive accounts receivable management system has been established to mitigate risks associated with large accounts receivable [4] - The company is focusing on enhancing its ESG (Environmental, Social, and Governance) practices and improving information disclosure [4] Future Outlook - The company aims to continue its focus on technological innovation and product development, with plans to strengthen its market presence both domestically and internationally [5] - Investment in automotive electronics is seen as a growth area, with the company actively optimizing its business structure to tap into this market [5] - The company will maintain a strong emphasis on cost control and efficiency improvements across all operational areas to enhance overall competitiveness [5]