Financial Performance - In 2024, the company achieved a revenue of 3.798 billion CNY, a year-on-year increase of 32.32%, marking a historical high in revenue [3] - The gross profit margin for 2024 was 21.36%, an increase of 1.64 percentage points year-on-year [3] - The net profit attributable to shareholders for 2024 was 268 million CNY, a year-on-year growth of 36.92%, with a net profit margin of 7.06% [3] - In Q1 2025, the company reported a revenue of 888 million CNY, a year-on-year increase of 27.65%, and a net profit of 49.57 million CNY, up 59.06% [4] Business Segments - The power adapter business generated 1.673 billion CNY in 2024, a growth of 4.96% year-on-year, despite a decline in gross profit margin to 18.26% [5][6] - The data center power business saw a revenue of 1.459 billion CNY, a significant increase of 79.95%, with high-power data center power revenue reaching 780 million CNY, up 536.88% [6] - Other power businesses achieved a revenue of 649 million CNY, a year-on-year increase of 48.71%, with a gross profit margin of 20.30% [6] Market Expansion - The company is actively expanding its overseas business, establishing teams in Taiwan and the USA to target various international clients [7] - The data center power business is a strategic focus, with products recognized by major domestic server manufacturers [10] Product Development - The data center power products include a range of server power supplies, with advanced offerings such as 3,200W titanium M-CRPS power supplies [9] - The company aims to achieve 100% localization of components in its data center power projects [13] Future Goals - The revenue growth targets for 2025 and 2026 are set at 35% and 65% respectively, with net profit growth targets of 60% and 130% [17] - The company plans to continue expanding its product categories in the power adapter segment, targeting new applications in smart homes and drones [14] Impact of Tariff Policies - The direct revenue from sales to the USA is relatively small, thus the impact of tariff policies is limited [15]
欧陆通(300870) - 2025年5月6日-5月9日投资者关系活动记录表