EWPT(SZ:300115) 招商电子·2025-03-02 11:24Core Viewpoint - The company reported a significant increase in revenue and net profit for 2024, driven by the recovery in consumer electronics and the growth in the new energy sector [1][2]. Group 1: Financial Performance - In 2024, the company achieved a revenue of 16.92 billion, representing a year-on-year increase of 23.3%, and a net profit attributable to shareholders of 769 million, up 797% year-on-year [1]. - The fourth quarter of 2024 saw a revenue of 4.82 billion, a year-on-year increase of 22.6% and a quarter-on-quarter increase of 9.4%, with a net profit of 175 million, up 107.4% year-on-year [1]. - The substantial growth in 2024 was primarily due to the recovery in consumer electronics and the efficient performance of the new energy business, along with significant new project deliveries from international and domestic major clients [1]. Group 2: Future Outlook - For 2025-2026, the company expects continued growth in consumer electronics and new energy sectors, supported by improved management capabilities [2]. - New projects from major clients, including Mac, AI Phone, and AI glasses, are anticipated to contribute to revenue growth, while the new energy business is expected to maintain its positive trend [2]. - The company showcased key components for humanoid robots at CES, establishing partnerships with leading overseas and domestic robotics companies, which may enhance its position in the robotics market [2]. Group 3: Investment Rating - The company is projected to maintain growth momentum from its A client structure and small parts business, with the titanium alloy trend driving demand from non-A clients [2]. - The core customer orders in the new energy sector are expected to boost capacity utilization, while the forward-looking layout of new robotic products may open up long-term growth opportunities [2].