Core Insights - The company reported a total revenue of 3.398 billion yuan in 2024, representing a year-on-year growth of 37.06%, while net profit decreased by 8.14% to 197 million yuan, indicating challenges in cost control and profitability [1] - The company specializes in the research, production, and sales of power line components and special cables, with notable performance in the new energy electric vehicle charging connection products sector [1] Revenue Breakdown - The power line component business achieved revenue of 2.221 billion yuan, a year-on-year increase of 32.90%, driven by deepening cooperation with existing customers and expanding into new markets [4] - The special cable business generated revenue of 1.166 billion yuan, growing by 45.09%, with new energy electric vehicle charging products emerging as a significant growth driver [5] International Expansion - The company is advancing its international strategy, with the Thailand factory generating revenue of 903 million yuan, a year-on-year increase of 56.48%, enhancing production efficiency through smart and automated manufacturing [7] - The international expansion presents challenges, including operational costs and competition in the global market, necessitating improvements in brand influence and market penetration [7]
泓淋电力2024年营收大增37%，净利润却下滑8.14%，新能源业务成亮点