大豪科技20250402

Summary of Company and Industry Conference Call Industry Overview - The industry is experiencing a recovery and growth trend supported by policy initiatives and a rebound in market demand [1] - Significant improvement in economic efficiency has been noted, with the company achieving record-high revenues and profits in 2024 [1] Company Financial Performance - The company has seen continuous revenue growth for five consecutive years, breaking historical records: - 2020: Revenue of 833 million - 2021: Revenue of 1.505 billion - 2022: Revenue of 1.598 billion - 2023: Revenue of 2.033 billion - 2024: Revenue of 2.529 billion, a year-on-year increase of 24.42% [1] - Net profit attributable to shareholders increased from 405 million in 2023 to 584 million in 2024, reflecting a growth of 44.08% [1] - The company’s asset-liability ratio stands at 38.43%, an increase of 0.16 percentage points year-on-year [2] - The weighted average return on equity for 2024 is 25.89%, up by 6.88 percentage points [2] - Earnings per share for 2024 is 0.53, a year-on-year increase of 43.24% [2] Business Diversification and Innovation - The company has successfully diversified its business from embroidery machine control to special industrial sewing machines and intelligent touch products [2] - The launch of the "Smart Factory Cloud Platform" has positioned the company as a leader in the industry [2] - The acquisition of Xinhan Network Technology in August 2022 has expanded the company’s footprint into the network security sector [2] - The company is focusing on automation, intelligence, and personalization in its equipment, with significant market potential in personalized embroidery control products [4] Profit Distribution and Shareholder Engagement - The company adheres to a stable profit distribution policy, planning to distribute 3.5 cash dividends per 10 shares, totaling 388 million for 2024 [3] - The cash dividend for 2024 represents 66.45% of the company's net profit [3] - Cumulative cash dividends since the company’s listing in 2015 amount to 2.794 billion [3] Technological Advancements - The company is advancing digital and management solutions based on CNC technology, promoting the networking and intelligence of manufacturing processes [5] - The company has established numerous R&D centers across various cities, emphasizing its commitment to innovation with over 2 billion in R&D investment for 2024, accounting for 8.13% of total revenue [7] - The company has set international standards and has a robust quality assurance system for product development [8] Future Outlook - The company aims to deepen its focus on information technology, particularly in industrial control and digital security, while maintaining a competitive edge through innovation [9] - Plans to enhance operational efficiency and implement AI in management processes are underway to ensure adaptability in a rapidly changing market [9]