Huaqin Technology (SH:603296) Quan Jing Wang·2025-04-29 07:36Core Insights - Company held a live performance briefing for 2024 and Q1 2025, utilizing multiple platforms for investor interaction [1] - Company reported a steady growth in operating performance for 2024, with total revenue reaching 109.88 billion, a year-on-year increase of 28.8% [1] - Net profit attributable to shareholders was 2.93 billion, reflecting an 8.1% increase year-on-year, while net profit excluding non-recurring items was 2.35 billion, up 8.4% [1] - For Q1 2025, the company continued its high growth trend, with revenue, net profit, and net profit excluding non-recurring items showing year-on-year increases of 115.6%, 39.0%, and 43.6% respectively [1] Business Strategy - In response to external uncertainties and diverse global market demands, the company is advancing its "China+VMI" global manufacturing strategy [2] - The company has established a dual supply system with core domestic bases in Dongguan and Nanchang, and overseas VMI bases in Vietnam, Mexico, and India [2] - The manufacturing bases in Vietnam and India have commenced product mass production, while the acquisition process for the Mexican base is progressing smoothly [2] - The company aims to enhance supply chain resilience and better respond to external uncertainties through its global manufacturing layout [2] Future Outlook - The company is accelerating the implementation of its "3+N+3 global smart product platform" strategy and is committed to strengthening its core competitiveness [2] - For 2025, the company is optimistic about its growth prospects, projecting a revenue growth rate of over 20% [2]