巨星科技聚焦主业扣非预增15% 斩获国际零售巨头三年采购订单

Core Viewpoint - Company Giant Technology has secured a significant order to supply 20V cordless lithium battery power tools and related accessories to a major international retail company, marking its first overseas electric tool order since 2021 [2][3]. Group 1: Order Details - The order is for global distribution across thousands of retail stores over a three-year period, with an estimated annual procurement amount of no less than $30 million [2][3]. - The production and delivery for the U.S. market will be based in Vietnam, with the expected revenue from this order in 2025 not exceeding $20 million due to only half a year of sales being executed [3]. - This order represents a significant milestone for the company, demonstrating its global supply capabilities and the operational readiness of its Vietnamese production base [3]. Group 2: Financial Performance - In 2024, the company achieved a revenue of 14.795 billion yuan, a year-on-year increase of 35.37%, and a net profit of 2.304 billion yuan, up 36.18% [7]. - For the first half of 2025, the company forecasts a net profit between 1.253 billion and 1.373 billion yuan, reflecting a growth of 5% to 15% compared to the same period last year [7]. - The electric tools segment generated revenue of 1.438 billion yuan in 2024, marking a 36.53% increase year-on-year, although it still represents only 9.72% of total revenue [5]. Group 3: Market Position and Strategy - The company has established itself as a major supplier for large retail chains in the U.S. and Europe, including Home Depot, Walmart, and Lowe's [5]. - Since 2018, the company has been implementing an internationalization strategy, building overseas manufacturing bases and developing a global supply chain [5]. - The company has 23 production bases worldwide and has formed strong partnerships with thousands of suppliers [5]. Group 4: Research and Development - The company has consistently increased its R&D expenditure, with amounts growing from 310 million yuan in 2021 to 812.3 million yuan in the first quarter of 2025, indicating a commitment to innovation [8]. - The company aims to enhance its market share and overall profitability through continuous product development and innovation [8].