新能源与金融业务承压，东莞控股去年营收下跌 63.91%

Core Viewpoint - Dongguan Holdings reported a significant decline in revenue and total assets for 2024, but achieved a notable increase in net profit due to strategic exits and previous asset sales [1][2][3]. Financial Performance - The company achieved operating revenue of 1.692 billion yuan in 2024, a year-on-year decrease of 63.91% [2][3]. - Total assets at the end of 2024 were 17.369 billion yuan, down 40.86% year-on-year [2][3]. - Net profit attributable to shareholders was 955 million yuan, reflecting a 43.26% increase compared to the previous year [1][3]. Business Segment Performance - The expressway management segment saw a decrease in toll revenue, with a reported 1.323 billion yuan, down 3.06% year-on-year, attributed to adverse weather and competition from new highways [4]. - In the financial investment sector, the subsidiary Hongtong Factoring reported a revenue of 186.3 million yuan but incurred a net loss of 27.88 million yuan due to impairment provisions [4]. New Energy Vehicle Business - The new energy vehicle charging and swapping business reported overall losses, with both subsidiaries, Kangyi Chuang and Dongneng, posting negative net profits [5]. - Kangyi Chuang generated 82 million yuan in revenue but had a net loss of 24.66 million yuan, while Dongneng reported 8.12 million yuan in revenue and a net loss of 0.37 million yuan [5]. - The company has 144 charging stations and 16 swapping stations across various cities, indicating ongoing infrastructure development despite current losses [5]. Research and Development - R&D expenses significantly decreased by 52.63% to 4.13 million yuan in 2024, down from 8.71 million yuan in the previous year [6][7]. - The number of R&D personnel also declined from 51 to 45, reflecting a reduction in focus on R&D activities [6]. Future Outlook - Dongguan Holdings aims to align with Dongguan's 2025 "Innovation Development Year" goals, focusing on transportation infrastructure, new energy, and stable financial growth to support the local economy [7].