SINOMACH-PI(SZ:002046) Zheng Quan Shi Bao Wang·2025-04-13 10:06Core Insights - The company reported a revenue of 2.658 billion yuan and a net profit of 280 million yuan for the year 2024, marking an 8.11% year-on-year increase in net profit [1] - The company plans to distribute a cash dividend of 2.1 yuan per 10 shares to all shareholders [1] Business Performance - The high-end manufacturing and new materials sectors have shown significant results, with bearing business revenue reaching 1.284 billion yuan, a year-on-year increase of 23.71% [1] - The company has achieved a 90% market share in special bearings for satellites and has successfully launched a 26MW wind power main shaft bearing, breaking foreign monopolies [1] - The abrasives and tools business generated 976 million yuan in revenue, maintaining its leading position in the industry [2] - The synthetic diamond business has entered the consumer jewelry market, leveraging MPCVD technology for mass production [2] Financial Metrics - The company's weighted average return on equity reached 8.31%, an increase of 0.17 percentage points year-on-year [3] - The net cash flow from operating activities was 254 million yuan, indicating stable financial health [3] - The debt-to-asset ratio decreased to 44.2%, reflecting improved solvency [3] Future Outlook - The company plans to expand production capacity, enhance technology, and integrate the supply chain to consolidate its advantages [3] - The domestic market for cultivated diamonds is expected to reach 36.8 billion yuan by 2025, with a compound annual growth rate exceeding 20% [3] - The company aims to transition from a traditional bearing manufacturer to a leader in "hard technology" by deepening collaborations with leading semiconductor and renewable energy companies [3]