Absen(SZ:300389)2025-04-16 10:04Group 1: Financial Performance - The company achieved operating revenue of 366,261.65 million yuan in 2024, a decrease of 8.58% compared to 2023 [1] - The gross profit margin was 27.48%, down 1.53% year-on-year [2] - Revenue from the Chinese market fell by 48.84% to 73,173.51 million yuan compared to 2023 [2] - The net cash flow from operating activities was 152,720,937.58 yuan, indicating a stable cash flow situation [4] Group 2: Strategic Initiatives - The company focuses on technology leadership and high-quality LED display products to attract premium customers and expand its business scale [3] - Key competitive advantages include maintaining technological leadership, enhancing brand influence, and optimizing service and cost structures [3] - The company has been recognized as a "National Manufacturing Single Champion," reflecting its commitment to product development and market demand [2] Group 3: Market Outlook - The global LED display market is projected to reach approximately 53.5 billion yuan in 2024, continuing a steady growth trend [5] - The actual production and sales volume of displays are expected to maintain a double-digit growth rate, with an anticipated market growth rate of around 8% in the coming years [6] - The company has successfully increased its overseas revenue, achieving a compound annual growth rate (CAGR) of 43% over the past three years [6] Group 4: Impact of External Factors - Sales revenue from products exported to the U.S. accounted for about 15% of the company's total annual sales, with expectations of stability or slight decline [3] - The company plans to mitigate the impact of U.S. tariffs through price adjustments and enhanced production efficiency [4]