Henglin(SH:603661) Zheng Quan Shi Bao Wang·2025-04-28 00:09Core Viewpoint - Henglin Co., Ltd. achieved significant revenue growth in 2024, marking a historical milestone with total revenue surpassing 10 billion yuan for the first time, despite a slight decrease in net profit [1][2]. Financial Performance - In 2024, the company reported total revenue of 11.029 billion yuan, a year-on-year increase of 34.59% [1]. - The net profit attributable to shareholders was 263 million yuan, a slight decrease of 0.02% compared to the previous year [1]. - The net profit excluding non-recurring items was 281 million yuan, reflecting a year-on-year growth of 19.45% [1]. - Operating cash flow net amount reached 951 million yuan, a record high, with a year-on-year growth of 112.75% [2]. - As of the end of 2024, the company's cash balance was 1.66 billion yuan, also a record high, increasing by 23.88% year-on-year [2]. - The net asset scale has seen consistent growth, reaching 3.696 billion yuan by the end of 2024 [2]. Company Overview - Henglin Co., Ltd. is a national high-tech enterprise specializing in the research, production, and sales of office chairs, sofas, massage chairs, and other health-oriented seating and household furniture [5]. - The company holds a leading market share in the office furniture manufacturing sector, particularly in office chair manufacturing and exports [5]. Strategic Initiatives - The company adopted a strategy of "innovation-driven, continuous improvement" and pursued a dual-track approach of "manufacturing and brand going global" to navigate complex global economic conditions and changing consumer demands [5]. - Henglin Co., Ltd. emphasizes a diversified development, professional operation, and differentiated competition model, aiming to create a synergistic effect through efficient production, precise service, and continuous innovation [5]. Research and Development - In 2024, the company's R&D expenditure reached 226 million yuan, the highest since its listing [6]. - The company holds a total of 1,630 valid patents, with an increase of 185 patents year-on-year, including 142 invention patents, which increased by 34 [6]. Shareholder Returns - The company announced a profit distribution plan, proposing a cash dividend of 7.2 yuan per 10 shares (including tax), totaling 100 million yuan, which accounts for 38.06% of net profit [6]. - Since its listing, Henglin Co., Ltd. has distributed a total of 478 million yuan in cash dividends and has repurchased shares amounting to 100 million yuan [6].