Langdi Group(SH:603726) Zheng Quan Shi Bao Wang·2025-04-29 14:34Core Viewpoint - Longdi Group reported significant growth in its 2024 annual report, achieving record highs in revenue and net profit, driven by strategic initiatives and market recovery [1][2]. Group 1: Financial Performance - In 2024, Longdi Group achieved operating revenue of 1.894 billion and net profit of 172 million, representing year-on-year growth of 16.16% and 57.16% respectively [1]. - The company attributes its performance to the implementation of the "old-for-new" policy in home appliances and the gradual recovery of overseas markets, leading to a notable increase in the overall value of the home appliance industry [1]. Group 2: Business Segments - Longdi Group has established three main business segments: household air conditioning blades, mechanical fans, and composite materials, leveraging a rich product line advantage [1]. - In the air conditioning blade sector, trends towards efficiency, intelligence, environmental protection, and product innovation are identified as key development directions [2]. - The mechanical fan industry is experiencing growth driven by the "carbon neutrality" and "carbon peak" goals, with a focus on green and low-carbon technologies [2]. - The composite materials sector is seeing widespread application in various fields, with a focus on high-performance, recyclable materials driven by environmental regulations [2]. Group 3: Future Outlook - For 2025, the domestic retail scale of home appliances is expected to see only a slight year-on-year increase due to factors such as the depletion of demand from 2024 and high retail bases from government subsidies [1]. - Longdi Group is proactively developing a joint module solution for robotic core motion components, integrating permanent magnet synchronous motors, reducers, and intelligent control technology, currently in the early development stage [2]. - The company aims to accelerate the application of its products in industrial automation and smart equipment, while embracing emerging technologies like smart home and artificial intelligence [3].