Core Viewpoint - Weiman Sealing (唯万密封) reported significant growth in revenue and net profit for the year 2024, driven by active industry application expansion, cost reduction, efficiency improvement, and technological innovation across various business sectors [1][2]. Group 1: Financial Performance - The company achieved a revenue of 716 million yuan, representing a year-on-year increase of 97.02% [1]. - The net profit attributable to shareholders was 53.17 million yuan, reflecting a year-on-year growth of 43.35% [1]. Group 2: Business Segments - In the engineering machinery sealing market, the company launched new high-performance products, resulting in sales revenue of 407.29 million yuan, up 62.19% year-on-year [1]. - The coal mining machinery sealing market saw improvements in product performance and production efficiency, with the company supplying a complete sealing package for a world-first 10-meter high intelligent hydraulic support sealing system [1]. - The agricultural machinery sealing market generated sales revenue of 24.81 million yuan, a 43.09% increase year-on-year, with successful entries into major tractor manufacturers' supply chains [2]. - In the pneumatic and automation sealing sector, sales revenue reached 14.43 million yuan, growing by 14.09% year-on-year, with enhanced production processes and partnerships with leading companies [2]. - The oil and gas sealing sector achieved sales revenue of 124.25 million yuan, with products used widely in domestic and international markets [2]. - The general industrial sealing segment introduced new specialty engineering plastic sealing products, becoming a leading supplier in the domestic market [2]. Group 3: Company Overview - Weiman Sealing specializes in the research, production, and sales of hydraulic and pneumatic sealing products, with applications across engineering machinery, coal mining machinery, agricultural machinery, and industrial automation [3].
唯万密封2024年营收净利实现双升 工程机械密封业务销售收入同比增长62.19%