Core Viewpoint - 伟仕佳杰 (856.HK) reported strong financial performance for the fiscal year 2024, with significant revenue and profit growth, driven by robust expansion in overseas markets, particularly in Southeast Asia [1][4]. Financial Performance - The company achieved total revenue of HKD 890.9 billion, representing a year-on-year increase of 20.6% [1][4]. - Operating profit reached HKD 16.99 billion, up 18.39% year-on-year [1][4]. - Net profit attributable to shareholders was HKD 10.52 billion, reflecting a 14.1% increase compared to the previous year [1][4]. Business Segment Analysis - Enterprise Systems: Revenue grew by 30% to HKD 523.4 billion, accounting for 59% of total revenue, making it the primary driver of the company's growth [2][5]. - Consumer Electronics: Revenue increased by 8% to HKD 328.13 billion, representing 37% of total revenue, showcasing the company's diverse product offerings [2][5]. - Cloud Computing: Revenue surged by 28% to HKD 39.34 billion, although it only constitutes 4% of total revenue, indicating significant growth potential in this segment [2][5]. Regional Performance - Southeast Asia generated revenue of HKD 306.52 billion, a remarkable 74% increase from 2023, contributing approximately 34% to the group's total revenue [3][6]. - The rapid economic development and accelerated digital transformation in Southeast Asia have led to a surge in demand for IT products and services [3][6]. Investment Outlook - The company is expected to maintain strong growth momentum and solid financial health, with increasing contributions from overseas markets [3][6]. - A target price of HKD 8.3 is set based on a 9x price-to-earnings ratio for 2025, with a "Buy" rating maintained [3][6].
国证国际：伟仕佳杰(856.HK)营收利润双增长，海外业务拓展成效显著