ZMJ(SH:601717) Sou Hu Cai Jing·2025-04-11 19:32Core Viewpoint - Zhengzhou Coal Mining Machinery Group (Zhengmei) reported a net profit of RMB 39.34 billion for the fiscal year 2024, reflecting a year-on-year growth of 20.16% [1][3] Performance Disclosure Highlights - The net profit attributable to shareholders for the fiscal year 2024 is RMB 39.34 billion, which is a 20.16% increase compared to the previous year [1][3] - The basic earnings per share for 2024 is RMB 2.212, marking a 19.37% increase year-on-year [1] Institutional Research Highlights - The company is focusing on the development of the real economy and is actively monitoring trends in emerging industries [1] - In the coal machinery sector, the company is committed to smart-driven product integration and digital transformation across its business processes [1] - The company aims to enhance mining efficiency by developing comprehensive solutions that emphasize "fewer people, increased safety, and improved efficiency" [1] - The company has completed its A-share buyback plan with a total expenditure of RMB 600 million [2][3] - Domestic revenue from the coal machinery business accounts for over 93%, while export revenue is less than 7% [2][3] - The estimated revenue from overseas operations for 2024 is approximately RMB 12 billion, which includes both export income and revenue from overseas subsidiaries [2][3]