Sinotruk Jinan Truck (000951) 搜狐财经·2025-03-31 01:41Core Viewpoint - China National Heavy Duty Truck Group Jinan Truck Co., Ltd. reported strong financial performance for 2024, with significant growth in revenue and net profit, indicating a robust operational capability and market position [2][4]. Financial Performance - The company's operating revenue for 2024 reached 44.93 billion yuan, a year-on-year increase of 6.8% [3]. - Net profit attributable to shareholders was 1.48 billion yuan, reflecting a growth of 36.96% compared to the previous year [3]. - The net profit after deducting non-recurring items was 1.33 billion yuan, up by 27.28% year-on-year [3]. - The net cash flow from operating activities surged to 5.28 billion yuan, marking a substantial increase of 149.69% [3]. - The gross profit margin improved to 8.68%, an increase of 1.05 percentage points from the previous year [2]. Quarterly Performance - In Q4 2024, the total operating revenue was 11.34 billion yuan, a slight increase of 0.32% year-on-year [2]. - The net profit attributable to shareholders in Q4 was 546 million yuan, up 28.44% compared to the same quarter last year [2]. - The net profit after deducting non-recurring items for Q4 was 470 million yuan, reflecting a year-on-year growth of 16.52% [2]. Sales and Market Position - The company sold 133,000 heavy trucks in 2024, representing a year-on-year increase of 4.3% [4]. - In contrast, the overall heavy truck sales in China decreased by 1.0% to 912,000 units, highlighting the company's strong market performance [4]. Research and Development - Research and development expenses for the company amounted to 799 million yuan, a year-on-year increase of 35.75% [4]. - The proportion of R&D investment to operating revenue rose to 1.78%, compared to 1.40% in 2023 [4].