Revenue Structure - The company's total revenue for 2024 is projected to be 1.402 billion CNY, with the following revenue breakdown: - Smart appliance controllers: 761 million CNY (54.31%), up 18.76% year-on-year [2] - Power tools: 241 million CNY (17.16%), up 70.09% year-on-year [2] - Robotics and innovative smart products: 246 million CNY (17.54%), down 23.59% year-on-year [3] - Automotive electronic controllers: 73 million CNY (5.17%), down 2.02% year-on-year [3] - New energy products: 55 million CNY (3.95%), up 140.78% year-on-year [3] International Operations - The revenue from the Vietnam factory for 2024 is expected to reach 320 million CNY, a growth of 117.26% year-on-year, covering multiple sectors including power tools and smart appliances [3] - The company plans to expand production capacity in Vietnam and establish a factory in Indonesia to mitigate supply chain risks and optimize cost structure [3] Business Development - The company is exploring humanoid robot technology but commercial implementation is still in the future [3] - The growth strategy for power tools focuses on deepening relationships with major global clients and expanding product lines, leveraging advanced technologies [3] Financial Performance - The gross margin for Q1 2025 has decreased to 23.57%, attributed to changes in product mix and increased fixed costs due to expansion efforts in Shenzhen and Vietnam [4] Strategic Initiatives - The company is considering mergers and acquisitions in emerging technology sectors, supported by a strong cash position and high shareholder ownership [4] - There are ongoing stock incentive plans aimed at retaining talent and enhancing employee engagement, with two plans already implemented since 2021 [4] - The company has no current plans to list on the Hong Kong Stock Exchange, focusing instead on improving core operational capabilities and sustainable growth [4]

3月27日,振邦智能(003028.SZ)发布2024年业绩报告。2024年全年,振邦智能分别实现营收14.02亿元,同比 增长14.37%;归母净利润2.03亿元,同比下降2.26%;拟向全体股东每10股送3股派现4.5元。 今年以来机器人概念持续火爆,振邦智能股价也一路走强,3月28日,开盘涨停,报48.7元/股。截止发稿,股价 报46.91元/股。 2024年,智能电器控制器业务为振邦智能贡献了7.61亿元的营业收入,同比增长18.76%,营收比重达54.31%, 占据半壁江山。 智能电器控制器是终端产品实现智能化的"大脑",而我国是重要制造基地和消费市场。近年来,其市场规 模快速增长。光大证券研报指出,"在下游客户端越来越重视市场营销以及品牌的同时,国内智能控制器企 业在客户黏性、技术创新和供应链韧性上竞争力越来越显著"。 公告显示,振邦智能深耕智能控制器行业25年,是以智能控制器为核心,涵盖智能硬件、软件及系统控制为 一体的解决方案提供商,其产品线涵盖智能控制器和新能源两大领域,为知名企业Dometic、Shark Ninja、 TTI、Dreame、Homa、panasonic、南方电网等提供产品 ...