DUPT(SZ:301158)2025-04-29 09:54Group 1: Financial Performance - In 2024, the company achieved a revenue of 66,722.93 million, representing a growth of 17.68% compared to the previous year [4] - The net profit attributable to shareholders was 9,919.37 million, an increase of 14.37% year-on-year [4] - The cash flow from operating activities improved significantly, reaching 19,708.57 million, up by 86.13% from the previous year [5] Group 2: Strategic Development - The company aims for a dual development strategy focusing on both internal growth and external acquisitions to enhance sustainable development [3] - The acquisition of the American IAE company is expected to optimize product lines and improve service quality, leveraging IAE's established sales channels and customer relationships [3] - The company is committed to becoming a leader in high-end oil and gas equipment and tools, emphasizing innovation and technology [5] Group 3: Market Outlook - The global demand for fossil energy is projected to remain strong, with oil and gas exploration investments expected to grow, supported by economic development [4] - The implementation of new energy laws in China in 2025 is anticipated to drive high-quality exploration and development in the oil and gas sector [4] - The overall industry outlook is positive, with favorable factors outweighing adverse conditions, indicating sustained industry prosperity [4] Group 4: Inventory and Receivables Management - The company's inventory balance at the end of 2024 was 37,172 million, a 23% increase from the beginning of the year, while the provision for inventory impairment decreased by 36% [5] - The accounts receivable balance increased due to higher revenue, with the turnover days improving from 238 days at the end of 2023 to 20 days at the end of 2024 [5] - Actual bad debt losses for 2024 amounted to 565,417.57 [5]