Core Insights - The company reported a total revenue of 630 million yuan for 2024, representing a year-on-year growth of 27.83%, while the net profit attributable to shareholders decreased by 54.98% to 11 million yuan, indicating significant cost pressures and insufficient profitability despite breakthroughs in the new energy vehicle sector [1] Group 1: New Energy Vehicle Business - The new energy vehicle segment showed strong performance, with sales revenue from fasteners used in this sector reaching 80.53 million yuan, a year-on-year increase of 45.43% [4] - The company has established itself as a key player in the supply chain for new energy vehicles, with clients including Tesla, NIO, and BYD [4] - Despite significant revenue growth, the gross profit was only 136 million yuan, reflecting substantial cost pressures faced by the company [4] Group 2: Research and Development Investment - In 2024, the company and its subsidiaries invested 37.99 million yuan in R&D, marking a year-on-year increase of 16.67% [5] - The company undertook 25 key R&D projects in the automotive and aerospace sectors and filed 39 new patent applications, demonstrating ongoing commitment to technological innovation [5] - However, the increase in R&D spending did not translate into improved profitability, as net profit fell by 54.98% [5] Group 3: Cash Flow and Inventory Management - The net cash flow from operating activities was -18.78 million yuan, a decrease of 65.67 million yuan year-on-year, indicating significant cash flow management challenges [7] - The book value of inventory rose to 235 million yuan, an increase of 38.92%, accounting for 31.47% of net assets, suggesting potential sales difficulties or inventory buildup risks [7] - Accounts payable and short-term borrowings increased by 54.34% and 53.31% respectively, highlighting pressure on the company's liquidity and financial management [7]
超捷股份2024年营收增长27.83%，净利润却腰斩54.98%