China XD(SH:601179) Quan Jing Wang·2025-04-15 10:50Core Insights - China XD Electric (601179.SH) reported a revenue of 22.175 billion yuan for 2024, marking a year-on-year increase of 5.59% [1] - The company achieved a net profit attributable to shareholders of 1.054 billion yuan, up 17.50% year-on-year, with a basic earnings per share of 0.21 yuan [1] - The company plans to distribute a cash dividend of 0.22 yuan per 10 shares, totaling 113 million yuan, which represents 40.36% of the net profit [1] Financial Performance - The main business revenue reached 21.827 billion yuan, an increase of 12.31 billion yuan from the previous year, with a growth rate of 5.98% [2] - The gross margin for the main business improved to 20.70%, an increase of 2.91 percentage points compared to the same period last year [2] Market Position and Achievements - The company maintained a leading market share in the UHV (Ultra High Voltage) sector, achieving historical highs in bidding volume and market share [3] - Significant progress was made in both domestic and international markets, with new contracts signed in countries like Turkey, Italy, and Sweden [3] Technological Innovation - R&D expenses totaled 808 million yuan, a year-on-year increase of 11.25%, with a total R&D investment of 1.127 billion yuan, representing an intensity of 5.08% [4] - The company successfully developed several high-end products, including the world's first 40000A oil-impregnated paper capacitor and a 210kA environmentally friendly generator circuit breaker [4] Future Outlook - The company aims to focus on five major business segments: smart equipment, smart components, smart distribution networks, smart services, and international business [5] - Plans for 2025 include enhancing core functions and competitiveness while optimizing industrial layout and accelerating the development of emerging industries [5]