Baolong Automotive(SH:603197) Quan Jing Wang·2025-04-30 06:29Group 1 - The core viewpoint of the articles highlights the financial performance and growth strategies of Baolong Technology in 2024 and its plans for 2025 [1][2] Group 2 - In 2024, Baolong Technology achieved operating revenue of 7.025 billion yuan, a year-on-year increase of 19.12%, and a net profit attributable to shareholders of 303 million yuan [1] - The company's net assets reached 3.197 billion yuan, an increase of 8.25% year-on-year, while total assets grew by 27.53% to 10.808 billion yuan [1] - Revenue from TPMS & accessories and tools was 2.146 billion yuan, up 12.30% year-on-year; automotive metal pipe fittings revenue was 1.448 billion yuan, up 1.89%; smart suspension revenue was 999 million yuan, up 41.80%; valve stems & accessories revenue was 780 million yuan, down 0.55%; and automotive sensors revenue was 665 million yuan, up 23.37% [1] - Research and development expenses for 2024 reached 570 million yuan, a year-on-year increase of 21.47%, accounting for 8.12% of revenue [1] - As of the end of the reporting period, Baolong Technology had 11 R&D centers and 19 factories globally, with 1,333 R&D personnel and 761 valid authorized patents [1] Group 3 - For 2025, the company plans to continue investing in the development of new products focused on intelligence and lightweight design, with smart suspension, sensors, and cameras entering a rapid growth phase [2] - Baolong Technology aims to secure more new project allocations while supplementing key resources, expanding production capacity, and enhancing management of key projects to ensure smooth mass production [2] - The production parks in Hungary and the United States (DILL) will accelerate capacity construction in 2025, further expanding the scale and global layout of TPMS, sensors, and air suspension businesses [2]