南方精工2024年营收增长16.80%，净利润下滑10.59%，新能源汽车零部件业务成亮点

Core Insights - The company reported a significant revenue growth of 16.80% year-on-year, reaching 784 million yuan in total revenue for 2024, while net profit decreased by 10.59% to 24 million yuan, indicating challenges in cost control and investment returns [1][5]. Group 1: Revenue and Profitability - The company's total revenue for 2024 was 784 million yuan, with a year-on-year growth of 16.80% [1]. - Gross profit reached 257 million yuan, reflecting an 11.74% increase compared to the previous year [1]. - The net profit attributable to shareholders was 24 million yuan, showing a decline of 10.59% year-on-year, while the non-recurring net profit was 107 million yuan, up 23.69% [1][5]. Group 2: Business Segments - The main business includes the research, manufacturing, and sales of precision components such as needle bearings and one-way clutches, with revenue from traditional automotive and motorcycle sectors growing by 17.52% and 18.78%, respectively [4]. - The new energy vehicle (NEV) components business generated revenue of 81.3 million yuan, accounting for 10.37% of total revenue, marking it as a new growth point for the company [4]. Group 3: Cost Control and Investment Management - The decline in net profit is attributed to a loss of 103 million yuan from changes in the fair value of non-current financial assets, highlighting issues in cost control and investment returns [5][6]. - The company experienced significant volatility in investment returns, with non-recurring losses amounting to 83.07 million yuan, primarily due to a loss of 99.06 million yuan from non-current financial assets [6]. Group 4: Strategic Initiatives - The establishment of the Southern Changsheng NEV components division indicates the company's proactive approach to expanding its market share in the NEV sector [4]. - The company's diversification into integrated circuits and industrial robotics is beginning to show results, although these segments currently represent a small portion of total business [6].