ROSHOW(SZ:002617) Zheng Quan Ri Bao Wang·2025-04-26 04:12Core Insights - LuXiao Technology reported a significant increase in revenue and profit for the fiscal year 2024, with total revenue reaching 3.717 billion yuan, a year-on-year growth of 34.07%, and a net profit of 258 million yuan, up 97.03% [1][2] - The company is experiencing a notable recovery in the machinery industry, driven by accelerated domestic infrastructure investment and increased operational rates in downstream sectors [1] Financial Performance - The company's net profit attributable to shareholders reached 258 million yuan, reflecting a 97.03% increase year-on-year [1] - The non-recurring net profit was reported at 226 million yuan, marking a growth of 108% [1] - In Q1 2025, LuXiao Technology achieved revenue of 859 million yuan, a year-on-year increase of 10.44%, and a net profit of approximately 98 million yuan, up 21.95% [2] Business Segments - The high-altitude operation equipment segment generated revenue of 1.057 billion yuan, showing a remarkable growth of 241.65%, and its contribution to total revenue increased from 11.16% to 28.44% [1] - The gross margin for the high-altitude operation equipment segment improved by 2.73% [1] Technological Advancements - The company is focusing on technological innovation, with several new product designs and developments in progress, including various steering modes for aerial work platforms and intelligent control systems [2] - The integration of AI and IoT technologies is enhancing the safety and efficiency of the equipment, with features like fault warning and remote control being implemented [1][2] Market Outlook - The aerial work platform industry is expected to continue its growth, with a projected increase in mechanized construction rates in new buildings from 58% in 2024 to 70% by 2027, leading to a demand for over 1.2 million units of high-altitude operation equipment [2] - The anticipated replacement of old equipment and the introduction of new high-value-added products are expected to further boost the company's overall gross margin [2]