Northglass(002613) 证券时报网·2025-04-27 10:56Core Viewpoint - The company achieved stable revenue growth and core business resilience through a strategy of "technological innovation + market expansion," despite intense market competition [1][3]. Financial Performance - The company reported a revenue of 1.634 billion yuan and a net profit of 60.44 million yuan for the fiscal year 2024, with a significant increase in net cash flow from operating activities reaching 214 million yuan, up 81.22% year-on-year [1]. - The company plans to distribute a cash dividend of 0.30 yuan per 10 shares (including tax) [1]. Business Segments - The glass tempering equipment business generated revenue of 778 million yuan, a year-on-year increase of 6.95%, accounting for 47.64% of total revenue, with a strong market presence in over 110 countries and regions, and an international market share of nearly 36% [1][2]. - The high-end curtain wall glass business achieved revenue of 584 million yuan, growing by 8.45%, focusing on landmark projects with significant technical barriers and maintaining a high gross margin [1]. International Market - Revenue from overseas markets reached 581 million yuan, reflecting a year-on-year growth of 2.15%, with over 80% coverage in countries participating in the "Belt and Road" initiative, demonstrating strong anti-cyclical capabilities [2]. Research and Development - The company invested 117 million yuan in R&D for 2024, holding a total of 446 authorized patents, including 106 invention patents, with significant advancements in energy-efficient technologies [2]. - The company launched a 2.0 version of an intelligent flexible production line, generating 41.21 million yuan in revenue, a remarkable increase of 98.75% year-on-year [2]. Capital and Asset Management - The company completed a private placement of shares, raising a net amount of 493 million yuan for projects aimed at enhancing high-end production capacity, with total assets reaching 3.109 billion yuan, a year-on-year increase of 22.59%, and a healthy debt-to-asset ratio of 34.5% [2]. Strategic Positioning - The company is positioned to leverage trends in energy conservation and intelligent upgrades in the industry, with improved cash flow and core business growth indicating operational resilience [3].