Financial Performance - In 2024, the company achieved a revenue of CNY 6.17 billion, a year-on-year increase of 28.46% [1] - The net profit attributable to shareholders was CNY 462 million, up 19.29% year-on-year [1] - R&D investment reached CNY 304 million, a growth of 40.87% compared to the previous year [1] - The revenue growth rate exceeded the net profit growth rate primarily due to an additional CNY 21.34 million in share-based payment expenses [1] Revenue Breakdown - Charging products saw a revenue increase of 50.87% [2] - Transmission products grew by 21.30%, audio-video products by 11.64%, storage products by 19.29%, and mobile peripherals by 16.21% [2] - Domestic revenue accounted for 42.53% of total revenue, growing by 10.11%, while overseas revenue made up 57.47%, increasing by 46.46% [2] Geographic Performance - The Asia (excluding mainland China) region contributed 20.68% of total revenue, with a growth of 50.07% [2] - Europe contributed 19.16% of revenue, up 45.80%, and the Americas contributed 15.7%, growing by 39.92% [2] - Other regions contributed 1.93% of revenue, with a significant increase of 75.93% [2] Sales Channels - Online sales represented approximately 75% of total revenue, primarily through platforms like Amazon, JD.com, and Tmall [2] - Offline sales accounted for about 25% of total revenue [2] Q1 2025 Performance - In Q1 2025, the company reported revenue of CNY 1.82 billion, a year-on-year increase of 41.99% [2] - The net profit attributable to shareholders for Q1 2025 was CNY 150 million, up 47.18% year-on-year [2] Inventory and Supply Chain - Inventory increased due to rapid growth in NAS and mobile power businesses, necessitating early procurement payments [4] - The company is expanding its product offerings in the new energy sector, including car-mounted charging pumps and lithium iron phosphate batteries [4] Market Strategy - The company is focusing on enhancing its market penetration in emerging markets, particularly in Asia (non-mainland) and Europe [6] - Despite rising shipping costs, the impact on business and profitability has been minimal, as shipping costs account for about 2% of the main business costs [6] Profitability - In 2024, the gross margin for domestic business was 28.30%, while for overseas business it was 44.11% [8] - The company is actively working on product innovation and cost optimization to maintain competitiveness in overseas markets [8] Talent Management - The company employs a dual strategy of internal development and external recruitment to attract and retain talent [9] - A competitive compensation system is in place to incentivize and retain skilled employees [9]
绿联科技(301606) - 2025年4月30日投资者关系活动记录表