Hymson(688559)2025-04-30 13:30Financial Performance - In 2024, the company faced significant challenges due to a weak global economic recovery and market supply-demand conflicts, resulting in a sharp decline in performance[5]. - The company's operating revenue for 2024 was CNY 4,524,717,231.68, a decrease of 5.82% compared to 2023[31]. - The net profit attributable to shareholders for 2024 was CNY -163,068,194.77, representing a decline of 150.68% year-on-year[31]. - The basic earnings per share for 2024 was CNY -0.76, down 147.50% from 2023[33]. - The weighted average return on net assets for 2024 was -6.27%, a decrease of 21.01 percentage points from 2023[33]. - The cash flow from operating activities for 2024 was CNY -711,994,053.72, compared to CNY -993,064,982.05 in 2023[31]. - The company experienced a significant decline in net profit due to reduced earnings in 2024[34]. - The company plans not to distribute cash dividends or issue bonus shares for the 2024 fiscal year due to a negative net profit attributable to shareholders[16]. Global Expansion and Market Strategy - The establishment of four overseas subsidiaries in Switzerland, Germany, Canada, and Hungary has led to a breakthrough in high-quality orders from overseas clients, optimizing the order structure[6]. - The company has made significant progress in its globalization strategy, with new orders from overseas markets exceeding expectations at the beginning of 2025[10]. - The company is focusing on optimizing redundant processes and inefficient positions, while attracting high-level talent to respond more flexibly to market changes[8]. - The company plans to continue its market expansion and product development strategies in the upcoming periods[34]. - The company is committed to becoming a global leader in laser and automation technology, with a focus on customer-centric strategies and overseas market expansion in 2024[57]. Research and Development - The company successfully launched a groundbreaking high-power mid-infrared femtosecond solid-state laser, expanding its medical laser business[7]. - The R&D expenditure as a percentage of operating revenue was 10.67% in 2024, a decrease of 0.64 percentage points from the previous year[33]. - Total R&D investment for the year was approximately ¥482.93 million, a decrease of 11.10% compared to the previous year, with R&D expenses as a percentage of revenue at 10.67%[112]. - The company has accumulated 1,075 authorized patents and 400 software copyrights as of December 31, 2024, with 392 new patents and 100 software copyrights granted during the reporting period[111]. - The company is focusing on expanding its market presence in the 3C industry and energy storage sectors through advanced technology development[115]. Product Development and Innovation - The signing of the industry's first mass production equipment order for lithium metal solid-state batteries demonstrates the company's leading position in technology[7]. - The company has developed a new BC large spot laser opening film equipment that combines high-precision laser graphic technology and high-efficiency dust removal technology, improving photovoltaic cell efficiency and performance[47]. - The company has successfully developed a fully automated assembly line for steel shell batteries with an efficiency of 15 PPM, positioning itself as a leader in the industry for various battery types[49]. - The company has developed laser technology applied in high-efficiency photovoltaic cells, achieving significant market share and establishing long-term collaborations with leading solar technology firms[99]. - The company is focusing on developing a new generation of femtosecond laser devices for ophthalmic surgery, with a pulse width of 300fs and a beam quality factor M2 of less than 1.3[127]. Market Trends and Industry Insights - The global smart manufacturing market is projected to reach $350 billion in 2024, with an expected compound annual growth rate of approximately 14% until 2032, highlighting significant industry growth potential[69]. - The market size of China's intelligent equipment manufacturing industry is expected to reach 3.6 trillion yuan in 2024, a significant increase of 72.2% from 2.1 trillion yuan in 2020[70]. - In 2024, the sales revenue of China's laser equipment market is projected to be 89.7 billion yuan, a year-on-year decrease of 1%, with an expected increase to 90.4 billion yuan in 2025[73]. - The production of energy storage lithium batteries in 2024 is projected to reach 185 GWh, showing an increase of over 80%[84]. - The newly installed photovoltaic capacity in China for 2024 is expected to be 277.17 GW, a year-on-year growth of 27.8%[89]. Financial Management and Investment - The company achieved a significant increase in financing cash flow, amounting to CNY 2,028.82 million, up 108.21% year-on-year[156]. - The company raised RMB 1,019.6 million through a private placement of 40 million shares at RMB 25.49 per share, with net proceeds of RMB 1,010.5 million after expenses[52]. - The company has implemented hedging strategies to manage foreign exchange risks as its overseas business grows[150]. - The company plans to invest ¥1,010,000,000 in a new high-end laser and intelligent equipment R&D center and manufacturing base[180]. - The company emphasizes the importance of compliance and effective fund management to ensure the successful execution of its fundraising projects[198]. Operational Efficiency and Cost Management - The company is focusing on improving management and operational efficiency through supply chain management, talent development, digitalization, and quality management, aiming for enhanced office efficiency and data transparency[57]. - The company is committed to optimizing cost management and enhancing operational efficiency through digital management and intelligent decision-making systems[197]. - The company aims to reduce unexpected downtime occurrences and durations by 50% through fault prediction and maintenance optimization[121]. - The company has achieved a production efficiency increase from 15 PPM to 23 PPM with the new cylindrical winding machine, significantly enhancing output capacity[120]. - Labor cost savings from automation reduced by 50%, improving equipment debugging output efficiency by over 80%[122].