Jiang Nan Shi Bao·2025-04-03 03:10Core Viewpoint - The company, Junsheng Electronics, is expected to maintain a positive growth trajectory with improved operational efficiency and innovation capabilities, leading to a projected revenue of approximately 55.86 billion yuan and a net profit of about 1.28 billion yuan in 2024, marking a 28% year-on-year increase [1][2] Group 1: Financial Performance - In 2024, Junsheng Electronics achieved an operating revenue of approximately 55.86 billion yuan and a non-recurring net profit of about 1.28 billion yuan, reflecting a year-on-year growth of 28% [1] - The company reported a gross margin of 16.22% and a net margin of 2.37% for the previous year, both of which showed improvement [1] - For Q4 2024, the operating revenue was 14.73 billion yuan, with a non-recurring net profit of 341 million yuan, indicating year-on-year growth for both metrics [1] Group 2: Order and Business Development - The new order structure has been optimized, with over 46 billion yuan in new orders related to new energy vehicles, accounting for more than 55% of total new orders [2] - The automotive safety business generated revenue of 38.62 billion yuan with a gross margin of 14.81%, up by 2.27 percentage points year-on-year, while the automotive electronics business had revenue of 16.60 billion yuan and a gross margin of 19.71%, up by 0.63 percentage points [2] - Junsheng Electronics plans to transform into a "Tier 1" supplier for both automotive and robotics by 2025, focusing on enhancing technological innovation and product development [2] Group 3: Future Projections - Financial forecasts indicate that Junsheng Electronics will achieve revenues of 58.79 billion yuan, 61.93 billion yuan, and 65.26 billion yuan from 2025 to 2027, with corresponding net profits of 1.39 billion yuan, 1.70 billion yuan, and 2.09 billion yuan [2]