SANHE(SZ:003037)2025-05-16 10:38Financial Performance - In 2024, the company's net profit and net profit after deducting non-recurring gains and losses both declined significantly due to intense market competition and a substantial drop in average prices of pile products [2][4] - The company's revenue for 2024 was 6.196 billion CNY, a year-on-year decrease of 7.93% [2][3] - In Q1 2025, the company achieved a revenue of 1.392 billion CNY, representing a year-on-year growth of 10.07%, and a net profit of 34.6 million CNY, up 418.95% year-on-year [3][6] Market Strategy - The company aims to deepen cooperation with strategic clients and expand new channels to regain market share in traditional markets [3][4] - It is actively pursuing overseas market expansion in line with the national "Belt and Road" initiative to increase its international market share [3][5] - The company plans to optimize its business layout, focusing on core business areas to enhance operational efficiency and reduce costs [3][5] Cost Management - The company is implementing various cost control strategies, including improving inventory management and negotiating favorable procurement agreements with key suppliers [4][5] - In 2024, the company invested 50.4469 million CNY in R&D, focusing on product improvement, new product development, and enhancing material and process innovation [5][8] Industry Outlook - The concrete pile industry is expected to have a broad market prospect due to the increasing applications in renewable energy projects and infrastructure development [6][7] - The company is committed to sustainable practices, including reducing carbon emissions and enhancing energy efficiency in its operations [7][8] Financial Health - The company's asset-liability ratio was 60.27%, an increase of 4.91% year-on-year, indicating a need for careful management of debt financing and business development [8]