海天股份召开年度业绩说明会 称拟加速发展光伏、直饮水业务

Core Viewpoint - The company reported strong financial performance for 2024, with significant growth in revenue and net profit, driven by increased wastewater treatment volume and new project revenues [1][2]. Financial Performance - In 2024, the company achieved operating revenue of 1.519 billion, representing a year-on-year growth of 18.95%, with a three-year compound annual growth rate (CAGR) of 13.10% [1]. - The net profit for the same period was 305 million, showing a year-on-year increase of 25.97%, with a three-year CAGR of 19.57% [1]. Future Growth Drivers - The company identified five key drivers for future performance: 1. Strengthening accounts receivable recovery to enhance profitability [2]. 2. Seizing opportunities from national policies to expand through mergers and new projects [2]. 3. Accelerating investment in six scenarios of pipeline drinking water business [2]. 4. Expanding the photovoltaic silver paste industry through team enhancement and product improvement [2]. 5. Accelerating international expansion [2]. Strategic Acquisitions - The company successfully completed the acquisition of photovoltaic assets, which is expected to enhance its business layout and operational sustainability [3]. - The photovoltaic silver paste market is projected to grow with a compound annual growth rate exceeding 10% over the next decade, indicating significant future demand [2][3]. Business Transformation - The company aims to transition from a public utility service provider to a city health solution provider, particularly in the drinking water sector, where the current market penetration is below 10% [3]. - The drinking water business has entered a phase of large-scale promotion, with ongoing efforts to optimize user experience and market penetration [3].