暴涨1300%！002787，扣非净利润超预期！

Core Viewpoint - Huayuan Holdings reported impressive financial results for 2024, with significant growth in net profit and net profit excluding non-recurring gains, indicating effective operational strategies and cost control [2][3]. Financial Performance - In 2024, Huayuan Holdings achieved operating revenue of 2.449 billion yuan, a year-on-year increase of 1.6% [2]. - The net profit attributable to the parent company reached 70.737 million yuan, a substantial year-on-year increase of 739% [2]. - The net profit excluding non-recurring gains was 59.297 million yuan, reflecting a remarkable year-on-year growth of 1358.48% [2]. - Basic earnings per share were 0.22 yuan, up 633.33% year-on-year [2]. - The company successfully turned around from a loss in the previous year, with a net profit of 12.0676 million yuan in the fourth quarter [2]. Operational Strategies - Huayuan Holdings implemented comprehensive internal reforms, focusing on cost control through optimized production processes and refined management to reduce resource waste [3]. - The company strengthened supply chain management by establishing long-term partnerships with quality suppliers to secure better procurement prices [3]. - Multiple production bases were set up in cities like Suzhou, Guangzhou, Tianjin, and Chengdu, enhancing production efficiency and reducing logistics costs [3]. Product Development - The company concentrated on the research and production of high value-added products, with R&D investment reaching 89.2572 million yuan, accounting for 3.64% of operating revenue [3]. - Huayuan Holdings has obtained over 400 authorized patents, including more than 70 invention patents, showcasing its commitment to technological innovation [3]. Market Environment - The packaging industry is experiencing sustained growth due to rising consumer demand and the development of the manufacturing sector [3][6]. - Huayuan Holdings is strategically positioning itself in emerging fields, such as components for new energy vehicles, and has successfully launched a battery precision component business [3][6]. - The company has attracted high-end clients like Nippon Paint and Akzo Nobel, enhancing its brand image and market competitiveness [5]. Industry Outlook - The packaging industry is benefiting from economic globalization and domestic industrial upgrades, with increasing demands for product quality and performance [6]. - New industries, such as new energy and high-end equipment manufacturing, are creating new market opportunities for the packaging sector [6]. - Despite the promising outlook, competition in the high-end packaging market is intensifying, necessitating continuous innovation and service optimization by Huayuan Holdings to maintain its competitive edge [6].