ZHEZHONG(002346) 全景网· Quan Jing Wang·2025-04-24 02:23Core Viewpoint - In 2024, the company reported a revenue of 970 million yuan, a year-on-year decrease of 13.65%, and a net profit attributable to shareholders of 73.15 million yuan, down 75.39% from the previous year, while cash flow from operating activities increased significantly by 2,802.16% to 204 million yuan [1] Group 1: Financial Performance - The company achieved a revenue of 970 million yuan in 2024, reflecting a decline of 13.65% compared to the previous year [1] - The net profit attributable to shareholders was 73.15 million yuan, representing a significant drop of 75.39% year-on-year [1] - Cash flow from operating activities reached 204 million yuan, marking an impressive increase of 2,802.16% [1] Group 2: Business Operations - The company maintained stable operations in its main business of complete switchgear, leveraging core competencies such as brand, technology, and customer resources [1] - The company actively seized order opportunities in emerging industries, including the domestic integrated circuit industry and network data centers, while solidifying its market position in traditional sectors like State Grid and rail transit [1] - Orders related to integrated circuits, power grids, and subway infrastructure contributed to stable revenue during the reporting period [1] Group 3: Cost Management and Cash Flow - To address market challenges, the company implemented cost reduction and efficiency enhancement measures, optimizing production processes and improving raw material utilization [1] - The company emphasized cash flow management, particularly focusing on the recovery of accounts receivable, with targeted collection strategies for long-aged and high-amount receivables [1] - The efficiency of cash collection improved, ensuring better liquidity for the company [1] Group 4: Investment Strategy - The company maintains a moderate scale in its investment business, focusing on high-tech industries with broad application prospects, including banking, electricity, lithium batteries, and third-generation semiconductors [2] - The diversified investment strategy allows the company to gain insights into the forefront of manufacturing developments and supports strategic shifts in industrial structure [2] - Recent investments in the semiconductor industry have enhanced the company's influence in this sector and created synergies for the application of complete switchgear in the semiconductor field [2]