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打折出售数控机床资产,华东重机扭亏为盈股价连日走高,业绩增长持续性受考验 | 财报异动透视镜

Core Viewpoint - After four consecutive years of losses, Huadong Heavy Machinery Co., Ltd. achieved a revenue of 1.184 billion yuan in 2024, marking a year-on-year increase of 76.48%, and a net profit of 123 million yuan, up 115.17% year-on-year [2][3] Group 1: Financial Performance - The revenue from the CNC machine tool business in 2024 increased by 161.15%, contributing significantly to the company's turnaround [2][4] - The company reported a continuous decline in revenue from 2020 to 2023, with respective year-on-year decreases of 44.16%, 7.54%, 79.11%, and 54.53% [3] - The net losses from 2020 to 2023 were 1.073 billion yuan, 1.408 billion yuan, 179 million yuan, and 811 million yuan respectively [3] Group 2: Business Divestiture - The CNC machine tool business was sold for 700 million yuan after initially being listed for 937 million yuan, with the sale completed in December 2024 [4] - The divestiture generated a profit of 253 million yuan, accounting for 204.44% of the total profit for 2024 [4] Group 3: Future Outlook - The company plans to invest 1 billion yuan in an intelligent manufacturing base project in Nantong, which is expected to enhance operational capacity [5] - The company is focusing on improving financial conditions and asset quality post-divestiture, aiming for sustainable long-term development [4][5] Group 4: Market Dynamics - The container handling equipment business has seen a decline in revenue, dropping 62.95% in 2023 and further down 20.08% in 2024 [4][5] - The company is expanding into international markets, with overseas sales accounting for 14.61% of total sales in 2024 [6] Group 5: New Business Ventures - The company entered the photovoltaic battery component business in 2023, with revenues of 77 million yuan in 2023 and 296 million yuan in 2024, but with negative gross margins [7][8] - The GPU chip design business was acquired in 2024, with a reported revenue of 24.41 million yuan, contributing only 2.06% to total revenue [8][9]