JXAC(SH:600495) Zheng Quan Ri Bao Wang·2025-06-19 03:28Core Viewpoint - 晋西车轴 has demonstrated resilient growth in a challenging market, achieving revenue and profit increases despite industry headwinds [2][3] Group 1: Company Performance - In 2024, 晋西车轴 reported a revenue of 1.314 billion yuan, a year-on-year increase of 2.4%, and a net profit of 23.08 million yuan, up 13.39% [2] - The company aims to sell 75,400 railway axles and 1,600 railway vehicles in 2025, with a focus on expanding its new industries such as defense equipment and smart firefighting [3] Group 2: Market Position - 晋西车轴 is positioned within a competitive landscape dominated by global giants like Siemens and Alstom, facing challenges from market demand and pricing pressures [2] - The company maintains a leading market share in the procurement of railway freight car axles and has achieved record high orders for complete vehicles [3] Group 3: R&D and Investor Relations - 晋西车轴 has consistently implemented a stable dividend policy for eight years, with a proposed cash dividend of 0.14 yuan per share for 2024, amounting to 16.91 million yuan, which is 73.30% of the net profit [4] - The company allocates over 6% of its revenue to R&D annually, emphasizing the importance of innovation for future growth [4] Group 4: Recent Developments - In Q1 2024, 晋西车轴 achieved a revenue of 373 million yuan, a 52.67% increase year-on-year, and a net profit of 7.82 million yuan, marking a significant turnaround [5] - The controlling shareholder plans to increase their stake in the company by investing between 50 million and 100 million yuan, which is expected to boost investor confidence [6]