VEKEN TECHNOLOGY(SH:600152) Jin Rong Jie·2025-04-16 06:59Core Insights - The company reported a total revenue of 1.528 billion yuan in 2024, representing a year-on-year decline of 8.64% [1][4] - The net profit attributable to shareholders was -28.71 million yuan, a significant improvement from a loss of 120 million yuan in the previous year [1][4] - The non-recurring net profit was -89.01 million yuan, reflecting a 42.83% reduction in losses compared to the previous year [1][4] Revenue and Profitability - The company has experienced a consecutive decline in revenue for two years, with 2023 revenue at 1.672 billion yuan, down 28.08% year-on-year [4] - The rolling quarter-on-quarter growth rate for total revenue was -4.32%, indicating a decrease compared to previous quarters [4] - The rolling quarter-on-quarter growth rate for net profit was 31.36%, suggesting gradual improvement in net profit despite overall weak profitability [4] Sodium Battery Business - The company made significant progress in the sodium battery sector, securing the first 100 MWh sodium battery energy storage application project in China [5] - It ranked first in both "2024 China Sodium Battery Shipment Volume TOP 20" and "2024 China Energy Storage Sodium Battery Shipment Volume TOP 5" [5] - The company achieved mass production and delivery in the cylindrical sodium battery motorcycle starter power supply sector, reinforcing its leading position in sodium battery technology [5] Customer Development and Capacity Optimization - The company enhanced customer development efforts, particularly in the 3C polymer business, solidifying market shares in smartphones and laptops [7] - The PACK business successfully completed the audit and onboarding of major client MOTO, while the smart cleaning home business established partnerships with leading industry clients [7] - The company optimized production capacity through improved customer relationships and internal process capabilities, ensuring stable capacity utilization [7]