Leedarson IoT(SH:605365)2024-05-23 08:08Group 1: Financial Performance - The company's Q1 2024 revenue decreased by 4.52% year-on-year, attributed to market demand fluctuations [4] - Net profit for 2023 reached 0.69 billion CNY, a significant increase of 100.39% compared to the previous year [5] - The company plans to focus on quality improvement and efficiency enhancement in 2024, rather than solely pursuing rapid revenue growth [10] Group 2: Profitability Metrics - The gross profit margin improved in 2023 due to product structure optimization and enhanced manufacturing efficiency [6] - The net profit margin declined primarily due to increased selling, general, and administrative expenses, which grew rapidly due to higher investments in proprietary brands [9] Group 3: Business Segments and Outlook - The professional lighting business is in a growth phase and will be a key focus for future development [9] - The IoT business generated 1.862 billion CNY in revenue in 2023, reflecting an 11.44% decline year-on-year, mainly due to demand fluctuations [9] - The company maintains a cautious yet optimistic outlook for 2024, emphasizing the need for strategic resource allocation and market opportunity focus [10] Group 4: Investor Relations and Dividends - The company plans to distribute a cash dividend of 1.61 billion CNY for the 2023 fiscal year, representing 51.34% of the net profit attributable to shareholders [10] - Cumulative cash dividends since listing amount to 3.74 billion CNY, with annual increases [10]