Zheng Quan Shi Bao Wang·2025-05-01 06:10Core Insights - As of April 28, 2024, there are 36 companies in Shenzhen with a market capitalization exceeding 100 billion, collectively accounting for over 25% of the Shenzhen market [1] - The leading companies in Shenzhen are expected to achieve a total revenue of 4.56 trillion yuan in 2024, representing a year-on-year growth of 7.76%, and a net profit of 485.8 billion yuan, with an 18.24% increase [1] - Major players like CATL and BYD are demonstrating strong growth, with CATL's net profit projected at 50.75 billion yuan, up 15.01%, and BYD's revenue expected to reach 777.1 billion yuan, a 29.02% increase [2][3] Revenue and Profit Growth - CATL's core business segments show significant improvement, with the gross margin for power batteries increasing by 5.81 percentage points to 23.94% and for energy storage batteries rising by 8.19 percentage points to 26.84% [1] - BYD's revenue from automotive and related products is approximately 617.38 billion yuan, a 27.70% increase, while its net profit is expected to reach 40.25 billion yuan, up 34.00% [2] - Lixun Precision's revenue is projected at 268.8 billion yuan, a 15.91% increase, with net profit at 13.37 billion yuan, up 22.03% [3] R&D and Innovation - The sustained growth of leading companies is attributed to consistent R&D efforts, with CATL holding a total of 43,354 patents as of the end of 2024 [4] - BYD has introduced significant technological advancements, including the "fifth-generation DM technology," achieving the highest engine thermal efficiency globally at 46.06% [5] - Lixun Precision is enhancing its business through vertical integration and expanding its ODM services, which strengthens its market position [5] Shareholder Returns - Several leading companies are sharing their growth with investors through cash dividends and share buybacks, reflecting their commitment to shareholder value [6] - Midea Group has increased its dividend payout to 26.7 billion yuan, representing 69% of its net profit, and plans to implement biannual cash dividends from 2025 to 2027 [6] - ZTE Corporation has maintained a cash dividend ratio of 35.0%, with a cumulative cash dividend of 8.1 billion yuan over the past three years [6]