科瑞思2024年财报：营收利润双降，新能源业务成亮点

Core Business Challenges - The core business of the company, small magnetic ring coil winding services, faced significant challenges in 2024, with both volume and price declining due to market conditions [4] - The revenue from the network transformer winding business dropped sharply, despite efforts to maintain relationships with existing major clients through service optimization and quality improvement [4] - The inductance winding business, characterized by high customization and product diversity, progressed slowly, and despite increased investment in R&D and market expansion, the overall impact was limited [4] New Product Development - The company actively developed new products, such as transformer coil winding services for electric vehicle battery management systems, achieving small-scale production [4] - Efforts to co-develop customized inductance products with downstream clients were initiated to enhance competitiveness and market share, although the effectiveness of this strategy remains to be validated [4] Growth in New Energy Sector - Despite overall poor performance, the company's automation equipment business in the new energy and automotive electronics sectors showed promising results, with increased investment and a growing customer base [4] - The successful development of various automation equipment for the production of magnetic components in the new energy sector, such as fully automated assembly lines for photovoltaic inverter components, received high recognition from clients [4][5] Magnetic Component and Mechanical Parts Performance - The magnetic component finished goods business achieved scale production in 2024, particularly in common mode and differential mode inductors for consumer electronics, although its overall scale remains small and contributes limited revenue and profit [7] - The mechanical parts manufacturing business performed steadily, with optimized management leading to increased production capacity and significant growth in external orders, providing some support amid overall revenue decline [7] Overall Performance Summary - The company faced numerous challenges in 2024, with core business setbacks leading to declines in both revenue and profit, but progress in the new energy and automotive electronics automation equipment business offers new growth points for the future [6][7] - Addressing market competition and price pressure remains a critical issue for the company [7]