炬华科技：4月25日召开业绩说明会

Core Viewpoint - The company, Juhua Technology, is focusing on expanding its overseas market presence and enhancing its product offerings in smart metering and IoT solutions while maintaining a strong emphasis on research and development. Group 1: Business Overview - The company has diversified its business beyond electric meters, including smart metering and collection systems, smart water meters, electric vehicle charging equipment, and IoT cloud platforms [2][28]. - The company plans to increase its overseas market investments, targeting regions such as Europe, Africa, Central Asia, and Southeast Asia [6][17]. Group 2: Financial Performance - In 2024, the company's main revenue reached 2.029 billion yuan, a year-on-year increase of 14.54%, while the net profit attributable to shareholders was 666 million yuan, up 9.45% [28]. - The company will disclose its Q1 2025 report on April 29, 2025, which is anticipated to reflect the impact of existing contracts worth approximately 1.576 billion yuan [3][10]. Group 3: Research and Development - The R&D expenses for 2024 are projected to increase by 12.74%, focusing on future factories, smart manufacturing, and new technologies in smart metering [4][19]. - The company aims to leverage AI technology in smart meter data analysis to enhance operational efficiency and user experience [11]. Group 4: Market Strategy - The company acknowledges a low current revenue contribution from overseas markets and plans to enhance its market penetration and product quality in Europe [7][17]. - The company is addressing customer concentration risks by diversifying its client base and increasing investments in overseas markets and smart flow measurement systems [8][24]. Group 5: Profitability and Margins - The company's gross margin has improved to 47.55%, attributed to better cost control and lean management practices [9][28]. - The decline in net profit in Q4 is linked to year-end bonuses, increased R&D expenses, and asset impairments [25].