双轮驱动构筑智慧能源新生态 欣旺达一季度营收净利同比双增长

Core Viewpoint - XINWANGDA has demonstrated strong financial performance in Q1 2025 and throughout 2024, showcasing resilience and growth in the face of industry challenges, driven by a dual strategy of "consumer electronics + smart energy" [1][2][4] Financial Performance - In Q1 2025, XINWANGDA achieved revenue of 12.289 billion yuan, a year-on-year increase of 11.97%, and a net profit of 386 million yuan, up 21.23% [1] - For the full year 2024, the company reported revenue of 56.021 billion yuan, a 17.05% increase, and a net profit of 1.468 billion yuan, growing 36.43% [1] Consumer Battery Segment - The consumer battery segment generated revenue of 30.405 billion yuan in 2024, reflecting a 6.52% growth and maintaining a 54.27% revenue share with a gross margin of 17.65% [2] - Global smartphone shipments reached 1.24 billion units in 2024, marking six consecutive quarters of growth, while the PC market saw shipments of approximately 253 million units, also growing for five consecutive quarters [2] Global Expansion - XINWANGDA is expanding its global footprint with the construction of a manufacturing base in Vietnam, aiming to create a "China R&D + global manufacturing" collaborative network [3] Strategic Emerging Segments - The strategic emerging segment, particularly the power battery sector, saw revenue of 15.139 billion yuan in 2024, a 40.24% increase, with a shipment volume of 25.29 GWh, up 116.89% [4] - The energy storage segment became a highlight with revenue of 1.889 billion yuan, a 70.19% increase, and installed capacity doubling to 8.88 GWh [4] Technological Advancements - XINWANGDA is advancing its technology portfolio, launching its first aviation power battery and making significant progress in solid-state battery development, with the first generation achieving over 300 Wh/kg energy density [5][6] - The company is transitioning from a battery supplier to an energy ecosystem builder, leveraging synergies between consumer electronics and new energy sectors [6]