ArcSoft(688088) 金融界·2025-04-16 03:14Core Viewpoint - The company achieved significant growth in both revenue and profit in 2024, driven primarily by its intelligent visual solutions for mobile smart terminals and smart driving applications [4][5]. Revenue and Profit Growth - In 2024, the company reported total revenue of 815 million yuan, representing a year-on-year increase of 21.62% [4][5]. - The gross profit reached 737 million yuan, also up by 21.62%, indicating effective cost control [4]. - Net profit attributable to shareholders was 177 million yuan, soaring by 99.67%, while the net profit excluding non-recurring items was 156 million yuan, up by 128.93% [4][5]. Business Performance - The mobile smart terminal visual solutions generated revenue of 176.48 million yuan, growing by 9.57% [4][5]. - The smart driving and other IoT visual solutions showed stronger growth, with revenue of 30.17 million yuan, an increase of 46.51% [4][5]. Historical Performance and Improvement - The company experienced significant fluctuations in performance over the past few years, with a revenue decline of 7.22% in 2022 and a recovery in 2023 with a 26.07% increase [5]. - In 2024, the rolling quarter-on-quarter growth rates for total revenue, net profit, and net profit excluding non-recurring items were 9.99%, 85.75%, and 120.38%, respectively, indicating substantial improvement in business expansion and profitability [5]. Dividend Distribution - The company announced a profit distribution plan for 2024, proposing a cash dividend of 2.5 yuan per 10 shares, totaling 100 million yuan, which represents 56.70% of net profit [6]. - The dividend payout ratio has been increasing over the years, with the 2023 dividend at 2.2 yuan per 10 shares and 1.25 yuan in 2022 [6]. - Despite the higher dividend ratio in 2024, the company's dividend amount and yield remain moderate compared to industry peers [6].