GREE(000651) 长江商报· Chang Jiang Shang Bao·2025-05-21 23:31Core Viewpoint - The company, Shun'an Environment, is experiencing growth in its revenue and net profit, while also focusing on research and development to enhance its market position in the cooling and energy sectors [1][2][4]. Group 1: Financial Performance - In Q1 2024, the company achieved a revenue of 3.021 billion yuan, a year-on-year increase of 15.05%, and a net profit attributable to shareholders of 218 million yuan, up 4.34% [2]. - The company's net profit excluding non-recurring gains and losses (deducted net profit) for 2024 is projected to be 929 million yuan, reflecting a growth of 13.16% [1][3]. - Over the past five years, the company's revenue has consistently increased, with figures of 9.837 billion yuan, 10.144 billion yuan, 11.382 billion yuan, and 12.678 billion yuan from 2021 to 2024, showing growth rates of 33.28%, 3.12%, 11.50%, and 11.39% respectively [2][3]. Group 2: Research and Development - The company emphasizes innovation, with R&D investments rising from 296 million yuan in 2020 to 503 million yuan in 2024 [6][7]. - As of the end of 2024, the company has obtained 3,446 domestic authorized patents, including 534 invention patents, and has applied for 4,143 domestic patents [6][7]. - The company collaborates with several universities for research and development, enhancing its innovation capabilities [7]. Group 3: Market Position and Strategy - Shun'an Environment is a leading player in the global cooling components industry, with a strong market presence and partnerships with major air conditioning manufacturers [6]. - The company is adjusting its market strategy and enhancing R&D to address challenges in its cooling equipment business due to a sluggish commercial air conditioning market [2][4]. - The company's asset-liability ratio has significantly decreased from over 80% in 2018 to 52.01% in Q1 2024, indicating improved financial stability [4].