XZCE(SZ:002534)2025-04-15 10:34Financial Performance - In 2024, the company achieved a net profit of 440 million CNY, a significant increase of 705.74% compared to the previous year [3] - The non-recurring net profit reached 144 million CNY, marking a growth of 1436.69% year-on-year [3] - Total revenue for 2024 was 6.437 billion CNY, a decrease of 20.33% from the previous year [3] Order and Market Strategy - In Q1 2025, the company secured new orders totaling approximately 1.57 billion CNY, reflecting a year-on-year growth of 16.8% [13] - The company plans to focus on "internationalization, new energy, and new services" as its three strategic pillars [3] - The company aims to transition from single equipment exports to integrated services including "equipment + engineering + operation and maintenance" [3] Stock Buyback and Market Management - As of March 31, 2025, the company repurchased 2,817,300 shares, accounting for 0.38% of the total share capital [3] - The total amount spent on the buyback was approximately 34.99 million CNY [3] - The company emphasizes value management through operational efficiency, annual cash dividends, and enhanced investor relations [19] Inventory and Cost Management - The company's inventory at the end of 2024 was 1.55 billion CNY, an increase from 1.399 billion CNY at the beginning of the year [6] - Cost control measures have led to an improvement in gross margin and a reduction in selling and administrative expenses [21] Research and Development - R&D expenses increased by 19.39% in 2024, totaling 392 million CNY, focusing on traditional energy efficiency and new energy technology [7] - The company aims to enhance its technological capabilities in energy utilization and renewable energy generation [7] Industry Outlook - The company anticipates growth opportunities in the international market and service sectors, despite a slowdown in traditional business growth [14] - The dual carbon policy is expected to encourage demand for the company's products, such as waste heat boilers and molten salt energy storage [5] Debt and Financial Health - The company's debt-to-asset ratio for 2024 was 68.62%, a decrease of 4.1% from the previous year, indicating improved financial health [18]