Core Viewpoint - The company, Jinrong Tianyu, has successfully navigated complex market conditions through strategic internationalization, leading to significant growth in revenue and profit contributions from overseas operations [1][2]. Financial Performance - In 2024, Jinrong Tianyu achieved operating revenue of 1.839 billion yuan, a year-on-year increase of 20.48%, and a net profit attributable to shareholders of 76 million yuan [3]. - The net cash flow from operating activities surged by 742.77% to 181 million yuan, indicating a strong improvement in overall financial health [3]. - The company plans to distribute cash dividends of 23.43 million yuan to shareholders, reflecting its commitment to sharing growth with investors [3][4]. Internationalization Strategy - The internationalization strategy has begun to yield results, with overseas factories entering stable production phases and starting to generate profits [2][6]. - Revenue from factories in Thailand and India reached 141 million yuan and 8.67 million yuan, respectively, marking increases of 37.18% and 443.05% year-on-year [6]. Business Segments - In the electrical precision components sector, the company reported a 51.27% increase in sales of precision components for Schneider's new generation of medium-voltage gas-insulated ring main units [7]. - The automotive precision components segment saw a revenue growth of 4.04% with an increase in gross margin by 1.72% [8]. R&D Investment - Jinrong Tianyu increased its R&D expenditure to 78.87 million yuan, a rise of 13.58% from the previous year, and has accumulated 40 invention patents and 194 utility model patents [5]. - The focus on R&D is expected to enhance long-term profitability and market share, despite potential short-term profit sacrifices [5]. Sustainability and Green Growth - The company has made significant strides in sustainable practices, with renewable energy usage in production rising from 20.3% in 2023 to 35.7% in 2024 [9]. - Jinrong Tianyu has been recognized as a benchmark enterprise in green supply chain practices, enhancing its brand value and market competitiveness [9]. Future Outlook - For 2025, the company anticipates continued growth, with Q1 results showing a 10.30% increase in revenue and a 48.00% rise in net profit year-on-year [10]. - The company is expanding its international production bases in North America and Europe, which are expected to drive future revenue growth [11]. - Jinrong Tianyu plans to maintain high R&D investment and focus on optimizing its communication base station energy management systems [12].
国际化布局撬动高质量发展确定性 津荣天宇24年度营收逆势增逾两成至18.39亿元