Etron(SH:603380) Sou Hu Cai Jing·2025-04-26 02:26Core Viewpoint - The company, Yidelong, reported significant growth in its 2024 annual report, with total revenue reaching 2.161 billion yuan, a year-on-year increase of 12.74%, and a net profit of 184 million yuan, reflecting a substantial growth of 38.16% [1] Group 1: Global Expansion and Performance - Yidelong's global expansion strategy initiated in 2019 has shown significant results in 2024, with production capacity in factories located in Mexico, Romania, and Vietnam rapidly increasing [4] - The Romanian factory has successfully entered the ramp-up and operational optimization phase, contributing to overall performance [4] - The company has established sales offices and engineering support teams in key markets like the USA and Germany, enhancing customer service and developing new industrial clients [4] Group 2: Supply Chain Management and Cost Control - In 2024, Yidelong achieved notable success in supply chain management by implementing a comprehensive price control tool from demand release to material receipt [5] - The company utilizes the SAP system for monthly analysis of procurement requests and weekly optimization of procurement channels, ensuring effective cost management [5] - Yidelong has actively sought competitive suppliers and developed alternative materials, reducing both product and procurement costs [5] Group 3: Research and Development Innovation - Yidelong continues to drive business growth through research and development, enhancing its R&D team to meet the specific needs of clients in industrial and medical sectors [6] - The company has optimized production processes and increased automation investments, particularly for high-volume products, to improve efficiency [6] - Consistency in operations across overseas companies and the Suzhou headquarters is maintained through shared technical support teams and IT systems, ensuring effective global product replication [6]