加大技术创新积极穿越周期 美畅股份2024年实现净利润1.46亿元

Core Viewpoint - Meichang Co., Ltd. reported a significant decline in revenue and net profit for 2024, yet managed to maintain profitability and propose substantial dividends amidst industry challenges [1][2]. Group 1: Financial Performance - In 2024, the company achieved operating revenue of 2.271 billion yuan, a year-on-year decrease of 49.7% [1]. - The net profit attributable to shareholders was 146 million yuan, down 90.8% year-on-year [1]. - The net operating cash flow was 1.612 billion yuan, reflecting a substantial increase of 1421.4% [1]. - The company plans to distribute a cash dividend of 5 yuan per 10 shares and issue 4 bonus shares for every 10 shares, with a total dividend amounting to 240 million yuan [1]. Group 2: Industry Context - The diamond wire saw price declines due to the overall pressure on the photovoltaic industry, leading to many companies incurring losses [2]. - The diamond wire is primarily used in cutting hard and brittle materials, with the photovoltaic silicon cutting segment being its main application [2]. - The rapid expansion of production capacity in the photovoltaic industry has resulted in a significant imbalance between supply and demand, prompting manufacturers to lower product prices [2]. Group 3: Strategic Initiatives - The company is actively seeking ways to navigate through the industry cycle by enhancing technology promotion and cost reduction efforts [2][3]. - Meichang Co., Ltd. maintains a leading market share and has made technological breakthroughs in core processes such as tungsten wire diamond wire production [3]. - The company emphasizes independent innovation and has developed its production processes and equipment, ensuring a high degree of technological autonomy [3]. - A new investment project of 230 million yuan is planned to expand tungsten wire production capacity, aiming for a monthly output of 6 million kilometers [4]. - The increasing market penetration of tungsten wire diamond wire is expected to enhance the company's competitiveness and reduce costs [4].