DBG(SZ:300735) Cai Fu Zai Xian·2025-04-29 01:49Core Viewpoint - Guanghong Technology reported a strong financial performance for 2024, with significant revenue growth and a commitment to shareholder returns through cash dividends [1][2]. Financial Performance - The company achieved a revenue of 6.881 billion yuan, representing a year-on-year increase of 27.38% [1] - The net profit attributable to shareholders was 276 million yuan, with the fourth quarter revenue reaching 1.703 billion yuan and net profit of 127 million yuan [1] - Operating cash flow improved significantly to 1.444 billion yuan, up 55.85% year-on-year [1] - The proposed cash dividend is 0.25 yuan per share, totaling 192 million yuan, with a cash dividend ratio of 69.57%, an increase of 21.21 percentage points from the previous year [1] Business Segments - The automotive electronics business saw a substantial revenue increase of 126.47%, reaching 1.592 billion yuan, and its revenue share rose to 23.13% [2] - The company has established itself as a key supplier for major automotive brands, including BMW, Audi, and Nissan, and is expanding its services to new energy vehicle manufacturers [3] Strategic Initiatives - Guanghong Technology is actively pursuing acquisitions, including the acquisition of French EMS leader AC Company, to enhance its technological capabilities and customer base [3] - The company is expanding its global manufacturing footprint, with investments in India, Bangladesh, and Vietnam, to mitigate tariff barriers and enhance market access [4] - The company aims for a revenue and net profit growth of 25-50% in 2025, supported by strategic measures in internal management, market expansion, and increased R&D investment [4][5]