Vanward(002543) 证券日报网·2025-04-26 04:12Core Viewpoint - Guangdong Vanward New Electric Co., Ltd. reported a strong financial performance for 2024, with total revenue of 7.342 billion yuan, a year-on-year increase of 20.29%, and a net profit attributable to shareholders of 658 million yuan, up 15.73% [1] Financial Performance - In 2024, the company achieved total revenue of 7.342 billion yuan, representing a 20.29% increase year-on-year [1] - The net profit attributable to shareholders for 2024 was 658 million yuan, reflecting a 15.73% year-on-year growth [1] - For Q1 2025, the company continued its growth trajectory with revenue of 2.295 billion yuan, a 15.94% increase year-on-year, and a net profit of 179 million yuan, up 8.01% [1] Strategic Initiatives - The revenue growth is attributed to the company's dual strategy of "high-end + green" product development, which includes launching high-end products to increase average transaction value and gross margin, as well as green technology products that align with policy directions and consumer upgrades [1] - The company invested 289 million yuan in R&D for the year, marking a 25.23% increase, emphasizing product innovation as a key driver for growth [2] Manufacturing and Market Expansion - Vanward established a Lean Manufacturing Center to optimize production lines for heating and kitchen appliances, achieving a 20% increase in production efficiency and a 30% improvement in inventory turnover rate [2] - The company saw a significant increase in customer acquisition through digital channels, with a 439.72% year-on-year growth in customer numbers via the Douyin OMO platform [2] - In the international market, the company reported a 41.43% year-on-year increase in export sales, indicating the success of its "manufacturing going global" strategy [2] Future Outlook - The company plans to deepen its existing strategic focus on emerging fields such as hydrogen energy and heat pumps, while expanding product categories like dishwashers through brand licensing and cross-border e-commerce [3] - There is a commitment to enhance global capacity coordination and brand value, leveraging technological innovation and supply chain optimization to strengthen its core competitiveness [3] - The company aims to progress towards its vision of becoming a "global leader in gas appliances" [3]