sntonly(834599) 中国证券报· Zhong Guo Zheng Quan Bao·2025-04-20 22:49Core Insights - Tongli Co., Ltd. reported a revenue of 6.145 billion yuan for 2024, marking a year-on-year growth of 4.85%, and a net profit attributable to shareholders of 793 million yuan, reflecting a 29.03% increase [1] - The company has focused on the niche market of non-road wide-body dump trucks for 20 years, continuously innovating and evolving its products to meet the demands of various large-scale engineering projects [1][2] Financial Performance - Revenue for 2022, 2023, and 2024 was 5.202 billion yuan, 5.86 billion yuan, and 6.145 billion yuan respectively, with a compound annual growth rate (CAGR) of 8.63% [7] - Net profit for the same years was 471 million yuan, 621 million yuan, and 793 million yuan, with a CAGR of 29.72% [7] - The company plans to distribute a cash dividend of 3.17 billion yuan to shareholders in 2024, proposing a payout of 7 yuan per 10 shares [7] Product Development and Innovation - The company has developed a range of new energy vehicles, including pure electric, hybrid, hydrogen fuel, and methanol fuel models, alongside intelligent driving technologies [6] - The DTH145 new energy unmanned non-road wide-body dump truck, with a load capacity of 91 tons, is currently being tested in high-altitude mining operations [5] - The company emphasizes a "large-scale, green, and intelligent" approach in its R&D strategy, focusing on product innovation and breakthroughs [4][5] Market Position and Strategy - Tongli Co., Ltd. has established itself as a "hidden champion" in the non-road wide-body dump truck sector, holding a significant market share and exporting products to over 20 countries [3] - The company has a strong service network, with dedicated teams stationed at mining sites to ensure customer satisfaction and equipment reliability [2] - The company is actively expanding its international presence through a subsidiary in Singapore, aiming to penetrate global markets [7]