DALIAN INSULATOR(SZ:002606) Zheng Quan Shi Bao Wang·2025-04-25 02:56Core Viewpoint - Dalian Electric Porcelain has achieved significant growth in revenue and profit, driven by domestic and international orders, high-value product ratios, and capacity release from its Jiangxi factory [2][3]. Group 1: Financial Performance - In 2024, the company reported total revenue of 1.496 billion yuan, a year-on-year increase of 78.21%, and a net profit attributable to shareholders of 211 million yuan, up 303.30% [2]. - For Q1 2025, the company achieved revenue of 224 million yuan, a 30.60% increase year-on-year, and a net profit of 20.2254 million yuan, growing by 86.35% [2]. Group 2: Market Expansion - Dalian Electric Porcelain has made significant strides in both domestic and international markets, securing key projects and orders worth 1.3 billion yuan in China and over 700 million yuan in international markets [3]. - The company has expanded its global influence, winning major contracts in countries such as Vietnam, Pakistan, and Saudi Arabia, while also gaining orders from the UK, Italy, Canada, Colombia, and Brazil [3]. Group 3: Capacity and Innovation - The company is enhancing its production capacity, with the Jiangxi factory achieving a monthly capacity of 4,000 tons and reaching breakeven in 2024 [5]. - Dalian Electric Porcelain has invested approximately 82.79 million yuan in R&D in 2024, a 41.05% increase, and has added 39 new intellectual property rights, including 5 invention patents [6]. Group 4: Industry Outlook - The global electricity consumption is projected to increase by nearly 1,100 terawatt-hours in 2024, with a year-on-year growth of 4.3%, creating opportunities for power equipment companies [3][5]. - The domestic high-voltage construction is accelerating, with total investments expected to reach 825 billion yuan in 2025, marking a new high in nearly a decade [5].