Shanghai Electric(SH:601727) Sou Hu Cai Jing·2025-03-29 17:25Core Viewpoint - Shanghai Electric's performance in 2024 shows a slight increase in revenue but a decline in net profit, indicating potential challenges in profitability despite stable revenue growth [1][3]. Performance Disclosure Highlights - In 2024, Shanghai Electric's main revenue reached 116.186 billion yuan, an increase of 1.21% year-on-year - The net profit attributable to shareholders was 0.752 billion yuan, a decrease of 6.33% year-on-year - The net profit after deducting non-recurring gains and losses was -0.616 billion yuan, an increase of 49.66% year-on-year - In Q4 2024, the company's single-quarter main revenue was 39.591 billion yuan, up 8.69% year-on-year - The single-quarter net profit attributable to shareholders was -0.005829 million yuan, an increase of 67.48% year-on-year - The single-quarter net profit after deducting non-recurring gains and losses was -0.911 billion yuan, an increase of 27.65% year-on-year - The debt ratio stood at 74.42%, with investment income of 2.155 billion yuan and financial expenses of 0.554 billion yuan, while the gross profit margin was 18.13% [1]. Company Announcement Summary - The total assets of Shanghai Electric reached 302.505 billion yuan, a growth of 5.7% compared to the previous year - The net assets attributable to shareholders decreased by 4.6% to 53.190 billion yuan - The operating income was 115.456 billion yuan, an increase of 1.08% year-on-year - The company plans not to distribute profits or increase share capital from capital reserves for the 2024 fiscal year - In 2024, the company achieved new orders totaling 153.6 billion yuan, with 89.1 billion yuan from energy equipment, 42.29 billion yuan from industrial equipment, and 22.21 billion yuan from integrated services [1][3].