Core Insights - UGREEN Technology reported a revenue of 6.17 billion yuan for 2024, marking a year-on-year growth of 28.46%, and a net profit of 462 million yuan, up 19.29%, indicating a sustained growth trend [1] - The company announced a total cash dividend of 373 million yuan for the year, representing 80.78% of the net profit, reflecting confidence in its stable operations and healthy development [1] Revenue Growth Drivers - The company invested 304 million yuan in R&D in 2024, a 40.87% increase year-on-year, resulting in a total of 1,628 patents, which supports a diversified product matrix [2] - Charging products accounted for 38.08% of total revenue, with a strong year-on-year growth of 50.87%, while other core business segments also saw double-digit growth [2] Market Opportunities - UGREEN is capitalizing on the growing consumer NAS market, launching a variety of NAS products that meet security and privacy demands, positioning itself for growth in this emerging sector [3] - The NAS market is projected to reach $51 billion by 2028, indicating significant potential for UGREEN's product lines [2] Global Market Strategy - The company achieved a balanced revenue distribution with 42.53% from domestic markets and 57.47% from international markets, mitigating risks associated with single market fluctuations [4] - Revenue from Asia (excluding mainland China) grew by 50.07%, Europe by 45.80%, and the Americas by 39.92%, showcasing a robust global presence [4] Localization Efforts - UGREEN's revenue growth in international markets is attributed to localized operations that cater to regional consumer needs, such as promoting NAS solutions in Europe and Japan, and launching products aligned with local trends in Asia [5] - The company aims to continue innovating and expanding in the consumer electronics sector, leveraging AI opportunities to enhance product offerings and shareholder value [5]
绿联科技发布上市后首份年报 2024年营收突破61亿元