LONGLI(SZ:300752) Zheng Quan Shi Bao Wang·2025-01-22 11:14Core Viewpoint - Longli Technology (300752) is expected to achieve a net profit growth of no less than 118% in 2024, marking a significant recovery from previous challenges and a doubling of performance for the second consecutive year [1] Financial Performance - The projected net profit for Longli Technology in 2024 is estimated to be between 100 million and 120 million yuan, representing a year-on-year increase of 118.94% to 162.73% [1] - The expected non-net profit is forecasted to be between 85 million and 110 million yuan, with a staggering year-on-year growth of 1638.21% to 2149.44% [1] Growth Drivers - The doubling of performance in 2024 is attributed to several factors, including: - Optimization of product structure, increasing the proportion of high-quality businesses such as smart cockpits and large-sized products [1] - Continued growth in the automotive sector, driven by the increasing penetration rate of new energy vehicles and the ramp-up of designated models from clients [1] - Recovery in the consumer electronics sector due to a revival in the terminal market [1] - Implementation of cost reduction and efficiency enhancement measures by the company [1] Future Outlook - Positive factors are expected to continue into 2025, with predictions of a 57% penetration rate for new energy vehicles in China, which will further expand the automotive market for Longli Technology [2] - The recent expansion of subsidy policies for consumer electronics is anticipated to inject new momentum into the market, benefiting Longli Technology's related businesses [2] - With a favorable fundamental backdrop, Longli Technology is poised to maintain its growth trajectory into 2025 [2]