OMH(SZ:300486) Quan Jing Wang·2025-04-21 12:03Core Viewpoint - Dongjie Intelligent (300486.SZ) has demonstrated resilience and growth potential in the smart manufacturing and logistics sector, despite facing challenges in revenue and profit due to market fluctuations. The company is poised for a performance growth period following a strong start in 2025, with significant increases in net profit and revenue in the first quarter [1][2]. Financial Performance - In 2024, Dongjie Intelligent achieved a revenue of 807 million yuan, reflecting a decline compared to the previous year. The company attributed this to weak demand from some downstream customers, intensified industry competition, and cost overruns on certain projects [2]. - In Q1 2025, the company reported a revenue of 260 million yuan, a year-on-year increase of 22.65%, and a net profit of 4.1355 million yuan, marking a 164.42% increase and a return to profitability [2][3]. Project Delivery and Execution - Dongjie Intelligent successfully delivered several high-profile projects in 2024, including the Jiangsu Yonggang premium wire rod intelligent service platform, which enhanced logistics efficiency and reduced operational costs [3]. - The completion of the Michelin Shenyang intelligent storage project and the Zhejiang Jin Palm intelligent storage project further solidified the company's leading position in automated logistics and warehousing [3]. Technological Innovation - The company invested 42.7409 million yuan in research and development in 2024, a 5.62% increase year-on-year, emphasizing its commitment to technological innovation as a core growth driver [4]. - Dongjie Intelligent has established a comprehensive technology innovation system and has over 200 valid patents and 49 software copyrights, contributing to its competitive edge in the market [5]. International Expansion - Dongjie Intelligent has made significant strides in international market expansion, signing overseas framework agreements and orders totaling nearly 1.5 billion yuan in 2024, including contracts with PTT and Exio Logistics [7][8]. - The company has established subsidiaries in the United States and Germany, enhancing its international presence and securing orders from major global automotive manufacturers [8]. Industry Outlook - The smart logistics and manufacturing industry is expected to enter a new development phase in 2025, driven by technological innovations and market demand, with a focus on digitalization, intelligence, and sustainability [9]. - Dongjie Intelligent plans to enhance its profitability and operational performance through market expansion, technological innovation, and optimized management strategies in 2025 [10].