SFY(SZ:002572) Xin Lang Cai Jing·2025-04-30 10:23Core Insights - Sophia Home Co., Ltd. reported a revenue of 10.494 billion yuan for the year 2024, with a net profit attributable to shareholders of 1.371 billion yuan, reflecting an 8.69% year-on-year growth, showcasing the company's strong operational resilience and stable profitability [1][2] - The company announced a profit distribution plan, proposing a cash dividend of 10 yuan per 10 shares, totaling 1.063 billion yuan, which accounts for 77.54% of the net profit attributable to shareholders, emphasizing its commitment to shareholder returns [1][2] Financial Performance - The net profit margin for the year reached 13.06%, an increase of 2.25 percentage points from 10.81% in 2023, indicating a significant enhancement in profitability [1][2] - The gross margin for the furniture manufacturing business remained stable at 34.73%, while selling expenses decreased by 10.23% year-on-year to 1.011 billion yuan, reflecting effective marketing strategies [2] - Financial expenses saw a substantial decline of 119.67%, resulting in a net financial income of -0.11 billion yuan, attributed to improved financial management and increased interest income [2] Strategic Initiatives - The company maintains a "precision farming" operational model, demonstrating strong risk resistance and competitive advantages in a complex market environment [2] - Research and development (R&D) expenditures for 2024 amounted to 375 million yuan, representing 3.57% of revenue, with cumulative R&D investments exceeding 2.518 billion yuan since 2011, highlighting the company's commitment to innovation and product upgrades [2] - Moving forward, the company aims to solidify its operational foundation through a "cost leadership + collaborative efficiency" strategy, focusing on internal management enhancement and resource optimization to create greater value for shareholders and support industry health [2]