ToLand(SZ:300855) Zheng Quan Zhi Xing·2025-04-28 14:11Core Viewpoint - Company reported a decline in both revenue and net profit for 2024, with a focus on operational stability and product structure adjustment in response to market fluctuations [2][4]. Financial Performance - In 2024, the company achieved operating revenue of 1.2577473 billion yuan, a decrease of 9.16% year-on-year [2]. - The net profit attributable to shareholders was 267.0044 million yuan, down 19.17% from the previous year [2]. - The net profit after deducting non-recurring gains and losses was 267.4788 million yuan, a decrease of 15.67% year-on-year [2]. - For Q1 2025, the company reported a main revenue of 286 million yuan, a decline of 18.32% year-on-year, and a net profit of 41.6887 million yuan, down 54.09% [7]. Product Performance - Sales revenue for casting high-temperature alloys was 416.3822 million yuan, down 33.28% year-on-year [2]. - Sales revenue for deformed high-temperature alloys increased by 18.40% to 521.8792 million yuan [2]. - Revenue from special stainless steel decreased by 22.00% to 65.8917 million yuan [2]. - The total sales volume of main products was 4,894.59 tons, remaining stable compared to 2023 [2]. Market Position and Strategy - The company is one of the few domestic producers with military and civilian qualifications, focusing on high-temperature alloys and special stainless steel [3][4]. - The company aims to enhance its core competitiveness through technological innovation and market demand satisfaction [3][4]. - The company plans to focus on high-end civilian products and adjust its product structure to respond to market demand fluctuations [6]. R&D and Technological Advancements - The company has established a robust R&D system, achieving continuous innovation in products and technologies [3]. - It holds 41 national invention patents and 18 utility model patents as of the end of 2024 [3]. - The company is committed to developing advanced metal materials for high-end equipment manufacturing, including aerospace and energy sectors [6]. Future Outlook - The advanced metal materials industry is expected to continue its steady growth, supported by national policies and increasing demand in key application areas [6]. - The company anticipates significant growth potential in the market for high-temperature alloys and special stainless steel due to ongoing developments in the aerospace industry [6].