Core Viewpoint - China Longgong (03339) reported a significant increase in net profit for the fiscal year ending December 31, 2024, with a profit attributable to shareholders of RMB 1.018 billion, representing a year-on-year increase of 57.78% [1][2] Financial Performance - The total revenue for the reporting period was RMB 10.214 billion, a decrease of 2.94% compared to RMB 10.523 billion in the same period of 2023 [2] - The company's earnings per share were RMB 0.24, and a final dividend of HKD 0.13 per share was proposed [1] - The overall gross profit margin for the period was 19.56%, an increase of 2.03 percentage points from 17.53% in the previous year [2] Product Performance - The product structure is primarily focused on loaders and forklifts, with loaders accounting for 41.23% of total sales, a slight increase from 41.19% in 2023 [2] - Forklift sales represented 36.41% of total sales, up by 1.63 percentage points year-on-year [2] - The sales proportion of excavators decreased by 1.61 percentage points to 10.34% due to adjustments in sales strategy [2] Market Dynamics - The domestic market for construction machinery is stabilizing but still in a bottoming phase, while the overseas market continues to grow, albeit at a slower pace [1] - The company has successfully predicted the growth trend of electric products, leading to record monthly production and sales of electric loaders [2] - Export revenue increased by 3.76% year-on-year, reflecting the company's ability to adapt to high baseline conditions in the industry [2] Strategic Focus - The company emphasizes high-quality development principles, actively responding to changing market conditions, and increasing marketing investments [1] - Continuous improvement in product quality and cost control has contributed to the significant increase in net profit [2] - Financial assets generated a net income of RMB 60 million during the reporting period [2]
中国龙工(03339)发布年度业绩，股东应占溢利10.18亿元 同比增加57.78%