KSHG(SH:605333) Xi Niu Cai Jing·2025-05-08 09:55Financial Performance - In 2024, the company reported operating revenue of 7.91 billion, a year-on-year increase of 97.70% [2] - The net profit attributable to shareholders reached 670.34 million, reflecting a year-on-year growth of 1139.15% [2] - The net profit after deducting non-recurring gains and losses was 657.61 million, with a year-on-year increase of 1546.71% [2] - For Q4 2024, the operating revenue was 2.38 billion, up 45.60% year-on-year and 12.66% quarter-on-quarter [1] - The net profit for Q4 was 232 million, showing a year-on-year increase of 201.94% and a quarter-on-quarter increase of 26.47% [1] Profitability Metrics - The gross margin for 2024 was 17.49%, an increase of 4.67 percentage points year-on-year [3] - The net profit margin was 8.47%, up 7.12 percentage points year-on-year [3] Expense Analysis - Total operating expenses for 2024 were 561 million, an increase of 130 million year-on-year [3] - The expense ratio was 7.09%, a decrease of 3.69 percentage points year-on-year [3] - Sales expenses increased by 68.80%, management expenses by 48.21%, R&D expenses by 23.46%, and financial expenses by 3.18% [3] Business Segmentation - The main business of the company is in automotive components, with a gross margin increase of 5.55 percentage points year-on-year [3] - By product, the gross margins for complete harnesses, engine harnesses, and other harnesses increased by 5.67, 4.72, and 3.68 percentage points respectively [3] - By region, the gross margins for domestic and overseas revenues increased by 5.64 and 2.74 percentage points respectively [3] Company Background - The company was established on March 31, 1997, and was listed on August 18, 2020 [3]