Deluxe Family(SH:600503) Hua Xia Shi Bao·2025-05-11 07:28Core Viewpoint - In 2024, Huayi Family Co., Ltd. achieved a revenue of 353 million yuan, a year-on-year increase of 118.47%, but experienced a significant net profit decline of 159.37% [2][6]. Revenue and Profit Analysis - The company's revenue for 2024 was 353 million yuan, reflecting a growth of 118.47% compared to the previous year [2][3]. - The net profit for 2024 was -34.42 million yuan, a decrease of 159.37% year-on-year [6][7]. - The real estate sector generated 336 million yuan in revenue, up 129.43%, but the gross profit margin decreased by 19.23 percentage points [6][7]. Graphene Business Performance - Revenue from the graphene business was only 17,260 yuan in 2024, down 72.42% from 2023 [3][4]. - The companies under Huayi Family, Ningbo Moxi and Chongqing Moxi, have been operating at a loss since 2017, with cumulative losses reported [5][6]. - The lack of effective market application and ongoing losses have hindered the growth of the graphene business [4][5]. Real Estate Strategy - The company is refocusing on its real estate business due to challenges in new business sectors [2][6]. - As of December 31, 2024, the land reserve was only 65,000 square meters, indicating difficulties in acquiring quality land [7][8]. - The company plans to maintain a stable investment strategy and increase quality project reserves in 2025 [8]. Future Outlook - The company aims to optimize its asset structure and seek new development opportunities in line with domestic economic trends [8]. - The real estate development projects for 2025 include ongoing work in Shanghai, Suzhou, and Zunyi, with a focus on sales and project delivery [8].