SUPCON Technology (688777) 新浪财经·2025-04-07 23:50Core Viewpoint - The company reported a revenue of 9.139 billion yuan for 2024, a year-on-year increase of 6.02%, and a net profit attributable to shareholders of 1.117 billion yuan, a slight increase of 1.38% year-on-year [1] Group 1: Financial Performance - In Q4 2024, the company achieved a revenue of 2.802 billion yuan, a decrease of 4.73% year-on-year, and a net profit of 400 million yuan, down 1.98% year-on-year [1] - The company's gross profit margin for 2024 reached 33.86%, an increase of 0.68 percentage points compared to the previous year, driven by strategic adjustments and the divestment of low-value-added businesses [2] - The company’s net profit after excluding GDR exchange gains was 1.092 billion yuan, a year-on-year increase of 9.60%, while the non-net profit reached 1.012 billion yuan, up 20.26% year-on-year [2] Group 2: Business Segments - The industrial automation and intelligent manufacturing products benefited from control system equipment updates, with control systems generating revenue of 3.733 billion yuan, a year-on-year increase of 7.87%, and industrial software revenue reaching 2.653 billion yuan, up 20.70% [2] - The petrochemical and chemical sectors saw revenue growth of 10.59% and 5.89% respectively, while the oil and gas sector experienced a significant revenue increase of 47.84% [2] Group 3: International Expansion - The company’s overseas business generated revenue of 749 million yuan, a year-on-year increase of 118.27%, accounting for approximately 8.25% of total revenue [3] - The company established 21 subsidiaries in various countries and signed overseas contracts worth 1.355 billion yuan, a growth of over 35% year-on-year [3] Group 4: Technological Advancements - The company launched its first time-series large model TPT in June 2024, achieving significant applications in over 40 clients, enhancing system self-control rates above 95% and improving efficiency by over 50% [4] - The robotics business line generated revenue of 56 million yuan, with new orders totaling 167 million yuan, marking a breakthrough in international high-end clients [4] Group 5: Investment Outlook - The company is positioned as a leader in the domestic process industry and is rapidly expanding into overseas markets, which is expected to drive sustained performance growth [5]