WISCOM(002090)2025-04-10 11:00Financial Performance - The company's operating revenue for 2024 reached ¥1,773,243,656.60, representing a 9.70% increase compared to ¥1,616,426,090.92 in 2023[17]. - Net profit attributable to shareholders for 2024 was ¥72,267,226.43, up 19.46% from ¥60,495,925.63 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥53,475,728.93, an increase of 18.46% from ¥45,143,314.15 in 2023[17]. - The basic earnings per share for 2024 was ¥0.1796, reflecting a 17.93% growth from ¥0.1523 in 2023[17]. - Total assets at the end of 2024 amounted to ¥3,028,875,591.74, a 3.70% increase from ¥2,920,945,042.51 at the end of 2023[17]. - The company's weighted average return on equity for 2024 was 4.86%, up from 4.29% in 2023[17]. - The net cash flow from operating activities for 2024 was ¥301,599,505.23, a slight decrease of 0.54% compared to ¥303,237,200.34 in 2023[17]. - The profit distribution plan approved by the board is to distribute a cash dividend of ¥0.4 per 10 shares, totaling approximately ¥16,023,084.28 based on the total share capital[4]. Business Segments and Growth - The company continues to focus on expanding its smart energy and smart city business segments, which are critical for future growth[16]. - The revenue from the smart city segment was ¥819,270,539.54, accounting for 46.20% of total revenue, with a year-on-year growth of 15.26%[59]. - The smart energy segment generated ¥949,996,490.34, which is 53.57% of total revenue, with a growth of 5.23% year-on-year[59]. - The company aims to enhance its market share in the non-fossil energy sector by developing new products and optimizing solutions in response to the "carbon peak" and "carbon neutrality" initiatives[27]. - The company is positioned to capitalize on the emerging market for microgrid low-carbon parks, supported by recent government initiatives aimed at reducing carbon emissions[31]. Research and Development - The company holds over 170 patents and more than 370 software copyrights, demonstrating significant technological achievements[48]. - Research and development expenses decreased by 11.49% to ¥153,744,118.49 in 2024 compared to ¥173,692,908.97 in 2023[69]. - The company is developing a new generation of integrated network management systems for the power industry, which will enhance network operation and support continuous development in the power software sector[74]. - The company is expanding its product line in the new energy sector, focusing on artificial intelligence and big data analysis to optimize energy production[72]. Operational Efficiency and Cost Management - The company aims to reduce operational costs by 10% through process optimization initiatives[138]. - The company has implemented effective talent recruitment and incentive mechanisms, including stock option plans, to enhance its core competitiveness and align interests among stakeholders[43]. - The company is focusing on enhancing its digital solutions and operational efficiency in the smart city business, leading to a recovery in overall gross profit margins[55]. - The company has optimized its asset structure and reduced its debt ratio by disposing of non-core assets, laying a solid foundation for steady growth in its main business[42]. Corporate Governance and Compliance - The company has implemented a value management system and disclosed plans for valuation enhancement[117]. - The company is committed to improving corporate governance and internal control systems in accordance with relevant laws and regulations[119]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal regulations and the company's articles of association[121]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finance, with no interference in decision-making[123]. Social Responsibility and Environmental Commitment - The company has achieved ISO 14001:2004 certification for its environmental management system and is committed to energy conservation and pollution prevention[194]. - The company actively engages in social responsibility initiatives, including supporting education and disaster relief efforts[196][198]. - The company has been included in the 2022 Jiangsu Province Green Factory list, reflecting its commitment to environmental management[180]. - The company successfully sold over 20 green power certificates on the China Green Power Certificate Trading Platform, generating additional revenue from its distributed photovoltaic project[184]. Future Outlook and Strategic Plans - Future guidance indicates a projected revenue growth of 15% for the next fiscal year[136]. - The company plans to enhance its market position in the smart energy sector by developing new distribution and intelligent operation and maintenance services[104]. - The company aims to promote its software products across national grid companies, enhancing profitability and market opportunities[73]. - The company plans to implement a shareholder return plan for the next three years (2024-2026) to enhance transparency and operational feasibility[163].