CTS(SZ:000551) Xin Lang Cai Jing·2025-04-16 00:33Core Insights - The company achieved operating revenue of 4.192 billion yuan in 2024, a year-on-year decrease of 3.03%, while net profit attributable to shareholders increased by 61.39% to 251 million yuan [1] - The company's gross profit margin improved by 2.30 percentage points to 23.83%, and the net profit margin increased by 2.82 percentage points to 9.07% [1] Revenue Breakdown - The clean environmental equipment and engineering segment saw a revenue decline of 13.49% to 2.252 billion yuan, accounting for 53.73% of total revenue [2] - The high-voltage insulators segment experienced a revenue increase of 29.90% to 758 million yuan, contributing 18.08% to total revenue [2] - The precision bearings segment's revenue grew by 12.47% to 715 million yuan, representing 17.06% of total revenue [2] Profitability and Financial Metrics - The company's return on equity (ROE) rose by 3.41 percentage points to 10.11% in 2024, driven by an increase in net profit margin [3] - The asset-liability ratio decreased by 5.01 percentage points to 40.98% by the end of 2024 [3] - Operating cash flow net amount increased by 111.79% to 464 million yuan, with a significant recovery in the cash flow ratio [3] Future Outlook - The company is expected to benefit from increased demand in the clean environmental sector and the high-voltage insulator business due to domestic and international grid investments [4] - The net profit forecasts for 2025-2026 have been revised upward to 281 million yuan and 316 million yuan, respectively, with a projected net profit of 351 million yuan for 2027 [4]