新宝股份(002705) - 2025年3月3日投资者关系活动记录表

Group 1: Financial Performance - In 2024, the total revenue reached 1,682,104.95 million CNY, a year-on-year increase of 14.84% [1] - Overseas revenue was 1,315,514.98 million CNY, growing by 21.68% compared to the previous year, indicating strong demand for small home appliances [1] - Domestic revenue was 366,589.97 million CNY, showing a decline of 4.42% year-on-year [1] - The total profit amounted to 132,815.78 million CNY, reflecting a growth of 1.60% [3] - Net profit attributable to shareholders was 105,013.69 million CNY, an increase of 7.47% year-on-year [3] Group 2: Market Outlook - The company expects stable growth in overseas orders for 2025, driven by a favorable external market environment [4] - Domestic sales are anticipated to improve with economic recovery and supportive consumption policies [4] - The company plans to enhance its marketing efforts and product launches for domestic brands in 2025 [4] Group 3: Research and Development - The establishment of the Electrical Research Institute aims to strengthen product innovation capabilities and expand into new product categories [5] - Future R&D expenditure is expected to increase in line with sales growth, focusing on key technological innovations [6] - The company will optimize the structure of R&D investments to enhance product profitability [6] Group 4: Strategic Responses - The company is monitoring the impact of U.S. tariffs on Chinese goods but currently sees minimal effects on its operations [9] - Production capacity has been established in Indonesia to meet U.S. customer demands, with ongoing expansions planned [9] - The company believes it can leverage its stronger risk management capabilities compared to smaller competitors to capture market share amid shifting production landscapes [9]