JACK(SH:603337) Zheng Quan Ri Bao·2025-05-13 16:09Core Viewpoint - Jack Technology Co., Ltd. is actively seizing growth opportunities in the industrial sewing machine industry, achieving significant revenue and profit growth in 2024, driven by strategic product focus and market expansion efforts [2][3]. Group 1: Financial Performance - In 2024, Jack Technology achieved an operating income of 6.094 billion yuan, representing a year-on-year increase of 15.11% [2]. - The net profit attributable to shareholders reached 812 million yuan, marking a substantial year-on-year growth of 50.86% [2]. - The company anticipates a total domestic production of industrial sewing machines to be approximately 6.85 million units in 2024, reflecting a year-on-year growth of 22.32% [2]. Group 2: Strategic Initiatives - The company is focusing on four key strategic initiatives: "focusing on explosive products," "breaking through high-end," "deepening SKU simplification," and "end-to-end high quality" [2]. - Jack Technology has successfully signed contracts with 10 world-class benchmark clients, contributing to increasing revenue [2]. - The product line has been streamlined to 1,400 items, significantly enhancing resource allocation efficiency [2]. Group 3: Product Development and Innovation - The company is advancing AI applications in garment manufacturing, with significant progress in high-end product development, including the prototype of a high-end AI sewing machine [3]. - Jack Technology plans to officially launch the high-end AI intelligent sewing machine in the second half of 2025 and aims to release a humanoid robot by the second half of 2026 [3]. - The integration of robotics and automation solutions is expected to enhance production efficiency and solidify the company's leading position in the sewing machinery sector [3]. Group 4: International Market Performance - In 2024, the gross profit margin for overseas products was 37.27%, an increase of 3.88 percentage points year-on-year [3]. - The company has made breakthroughs in overseas markets, establishing key customer models in countries like Vietnam and Cambodia [3]. - The innovative marketing model has begun to yield commercial results, indicating potential for further growth in emerging markets [3].