正视“内卷”竞争态势 四川长虹加快培育发展新动能

Core Viewpoint - Sichuan Changhong's 2024 annual shareholder meeting highlighted a positive outlook for the company's core business, driven by government policies and a recovery in market demand despite a challenging global economic environment [1] Financial Performance - In 2024, Sichuan Changhong achieved revenue of approximately 103.7 billion yuan, a year-on-year increase of 6.4% [1] - The net profit exceeded 700 million yuan, growing by 2.3% year-on-year, while the non-recurring net profit reached 419 million yuan, up 6.53% [1] Business Segments - The home appliance segment, the largest for Sichuan Changhong, generated revenue of 45.09 billion yuan, reflecting a year-on-year growth of 15.29% [2] - Television production reached approximately 16.54 million units, with sales of about 16.30 million units, resulting in revenue of 16.04 billion yuan, a 10.27% increase [2] - The air conditioning business saw a significant production increase of 57.94%, generating revenue of 15.55 billion yuan, up 33.23% [2] - The general equipment manufacturing segment produced 86.11 million units, achieving revenue of over 10.11 billion yuan, a growth of 14.2% [3] Strategic Initiatives - Sichuan Changhong is focusing on the development of the new energy vehicle compressor business, enhancing production efficiency by over 20% and outpacing industry growth for three consecutive years [3] - The company is actively embracing AI technologies and expanding overseas channels to enhance product and market capabilities [2] Market Outlook - The ICT service segment, under Changhong Jiahua, reported revenue of approximately 36.88 billion yuan, a year-on-year increase of 8.28%, driven by rising investments in AI and cloud computing [3] - The global ICT market is projected to grow steadily, with an expected market size of 6.6 trillion dollars by 2028, and China's market approaching 751.76 billion dollars, with a five-year CAGR of about 6.5% [3] Future Plans - Sichuan Changhong aims to leverage domestic policy opportunities while addressing globalization challenges, focusing on risk management and innovation to enhance competitive advantages [4]