NBGF(SH:603788) Zheng Quan Shi Bao Wang·2025-04-22 09:23Core Viewpoint - Ningbo Gaofa reported strong financial performance for 2024, with significant growth in revenue and net profit, alongside a substantial cash dividend proposal for shareholders [1][2]. Financial Performance - The company achieved a revenue of 1.461 billion yuan, representing a year-on-year increase of 15.61% [1]. - The net profit attributable to shareholders was 191 million yuan, up 17.18% year-on-year [1]. - The net profit excluding non-recurring items was 169 million yuan, reflecting a growth of 16.05% [1]. - A cash dividend of 7.00 yuan per 10 shares (including tax) is proposed, totaling approximately 156 million yuan, which accounts for 81.93% of the annual net profit [1]. Product and Market Development - The company specializes in the R&D, production, and sales of automotive transmission control systems and acceleration control systems, with major products including transmission control assemblies and electronic accelerator pedals [1][2]. - In 2024, the automotive production and sales volume exceeded 31 million units, marking a historical high and maintaining the global leading position for 16 consecutive years [1]. - The annual production and sales of new energy vehicles surpassed 10 million units, with a market share exceeding 40% [1]. - Sales of key products, such as electronic shifter assemblies and electronic accelerator pedal assemblies, reached historical highs, with growth rates of 31.36% and 29.44%, respectively [1]. Market Expansion Strategy - The company is actively expanding both domestic and international markets, entering supply chains of major automotive manufacturers like Geely, Renault, and Stellantis [2]. - A wholly-owned subsidiary in Singapore and a subsidiary in Malaysia were established to enhance international market presence [2]. - The company is also diversifying its product offerings by entering the automotive brake pedal market and has initiated small-scale supply to various clients [2]. R&D Investment - The company invested 66.09 million yuan in R&D, accounting for 4.52% of its revenue, with a workforce of 193 dedicated to research and development [2]. - The company secured 7 invention patents and 13 utility model patents during the reporting period [2]. Future Outlook - The company plans to maintain its market development and product innovation efforts, focusing on increasing market share domestically while pursuing international expansion [3]. - The strategy includes enhancing product development investments and aligning with industry trends and customer needs [3].