Financial Performance - Revenue for the year ended December 31, 2024, was RMB 242,902 thousand, a decrease of 1.2% compared to RMB 245,833 thousand in 2023[3] - Gross profit for the same period was RMB 43,935 thousand, down 6.8% from RMB 47,119 thousand, resulting in a gross margin of 18.1%, a decline of 1.1 percentage points[3] - Profit attributable to equity shareholders was RMB 1,966 thousand, a significant drop of 46.7% from RMB 3,746 thousand in the previous year[3] - Basic and diluted earnings per share decreased by 47.4% to RMB 0.10 from RMB 0.19[3] - Total revenue for 2024 was RMB 242,902 thousand, slightly down from RMB 245,833 thousand in 2023, representing a decrease of about 1.2%[19] - The total gross profit for the reportable segments in 2024 was RMB 43,935 thousand, down from RMB 47,119 thousand in 2023, a decline of approximately 6.5%[25] - Other income decreased to RMB 3,973 thousand in 2024 from RMB 4,101 thousand in 2023, a reduction of about 3.1%[27] - Financial costs decreased to RMB 7,473 thousand in 2024 from RMB 9,351 thousand in 2023, a decrease of approximately 20.0%[28] - Employee costs increased to RMB 41,972 thousand in 2024 from RMB 39,765 thousand in 2023, an increase of about 5.5%[29] - The company reported a pre-tax profit of RMB 1,377 thousand in 2024, down from RMB 3,316 thousand in 2023, a decline of approximately 58.5%[25] - Research and development costs for 2024 were RMB 8,581,000, down 31.5% from RMB 12,608,000 in 2023[31] Assets and Liabilities - Total assets increased to RMB 422,211 thousand in 2024 from RMB 345,782 thousand in 2023, reflecting a growth of 22.1%[6] - Trade receivables rose to RMB 204,890 thousand, up 22.7% from RMB 167,045 thousand in 2023[6] - Non-current assets increased to RMB 201,351 thousand, compared to RMB 183,151 thousand in the previous year, marking an increase of 9.3%[6] - The company reported a net cash position of RMB 142,260 thousand, up from RMB 92,603 thousand, indicating a growth of 53.6%[6] - Trade payables decreased to RMB 131,137,000 in 2024 from RMB 141,437,000 in 2023, a decline of approximately 7.3%[40] - The company has no significant liabilities related to retirement benefits beyond the defined contribution plans[30] Revenue Breakdown - Revenue from heavy truck decorative parts decreased to RMB 191,469 thousand in 2024 from RMB 224,354 thousand in 2023, a decline of approximately 14.6%[19] - Revenue from passenger car decorative parts and related molds increased to RMB 51,433 thousand in 2024 from RMB 21,479 thousand in 2023, a growth of approximately 139.9%[19] - Revenue decreased from approximately RMB 245.8 million for the year ended December 31, 2023, to approximately RMB 242.9 million for the year ended December 31, 2024, a decline of about 1.2%[49] - Revenue from heavy truck decorative parts decreased from approximately RMB 224.4 million for the year ended December 31, 2023, to approximately RMB 191.5 million for the year ended December 31, 2024, a decline of about 14.7%[46] - Revenue from passenger car decorative parts increased from approximately RMB 21.5 million for the year ended December 31, 2023, to approximately RMB 51.4 million for the year ended December 31, 2024, an increase of about 139.5%[48] Dividends and Shareholder Returns - The company did not declare a final dividend for the year, maintaining a policy of reinvestment[3] - The company did not declare any dividends for the fiscal year ending December 31, 2024, consistent with the previous year[43] - The company does not recommend the payment of a final dividend for the year ended December 31, 2024[68] Employee and Management - As of December 31, 2024, the group had a total of 321 full-time employees, a decrease from 361 in 2023, with total employee costs amounting to RMB 42.0 million, representing an increase of approximately 5.6% compared to RMB 39.8 million in 2023[69] - The average number of ordinary shares outstanding remained stable at 2,000,000,000 for both 2024 and 2023[36] - The company emphasizes employee training and competitive compensation to retain talent and enhance skills[69] - The company plans to enhance its "TES" management system to standardize group management and improve employee incentive mechanisms[72] Future Outlook - The company anticipates a stable recovery of the economy in 2025, with the heavy truck market expected to show a low-to-high demand trend throughout the year[72] - The expected sales volume for heavy trucks in 2025 is projected to be between RMB 150-180 million, accounting for approximately 40% of total sales[44] - The expected sales volume for passenger vehicles in 2025 is projected to be between RMB 200-250 million, accounting for approximately 60% of total sales[44] Corporate Governance - The company has adhered to the corporate governance code throughout the year ending December 31, 2024, with a noted deviation regarding the roles of the Chairman and CEO being held by the same individual[73] - The company will continue to review the separation of the roles of Chairman and CEO to ensure effective strategic planning[73] Audit and Compliance - The independent auditor has confirmed that the preliminary performance figures for the year ending December 31, 2024, align with the audited financial statements[75] - There are no significant post-period events affecting the company's operational and financial performance as of the announcement date[70]
天瑞汽车内饰(06162) - 2024 - 年度业绩