WEIXING(SZ:002003) Xin Lang Cai Jing·2025-04-01 02:34Core Insights - The company achieved a revenue growth of 19.7% year-on-year, reaching 4.674 billion yuan, with a net profit increase of 25.5% to 700 million yuan [1] - The gross profit margin improved by 0.81 percentage points to 41.73%, driven by a higher proportion of high-margin products and enhanced capacity utilization [1] - The company plans to distribute a dividend of 3 yuan for every 10 shares, resulting in an annual dividend payout ratio of 83.46% [1] Financial Performance - The fourth quarter saw a revenue increase of 9.2% year-on-year to 1.094 billion yuan, with net profit soaring by 197.5% to 77 million yuan, primarily due to changes in performance bonus accrual timing [1] - The gross margin for the fourth quarter decreased by 0.4 percentage points to 38.6%, while the net profit margin increased by 4.4 percentage points to 7.0% [1] Market Segmentation - Revenue from buttons and zippers grew by 22.2% and 15.9% respectively, reaching 1.954 billion yuan and 2.484 billion yuan, with gross margins improving [2] - Domestic market revenue rose by 14.7% to 3.094 billion yuan, while international market revenue increased by 30.62% to 1.581 billion yuan [2] - The company’s total production capacity for buttons increased to 12 billion pieces and for zippers to 910 million meters, with overall capacity utilization rising by 2 percentage points to 68.82% [2]