雷迪克(300652) - 雷迪克2024年年度网上业绩说明会

Group 1: Financial Performance - The company achieved a revenue of 740 million CNY in 2024, representing a year-on-year growth of 13.53% [4] - The total profit for the same period was 138 million CNY, up by 5.16% year-on-year [4] - The net profit attributable to shareholders was 120 million CNY, showing a slight decline of 0.18% [4] - The weighted average return on equity was 8.89%, with earnings per share at 1.17 CNY [4] - Total assets reached 1.838 billion CNY, an increase of 9.57% year-on-year [4] - The net assets attributable to shareholders were 1.391 billion CNY, growing by 5.21% [4] Group 2: Market and Growth Drivers - The main growth driver for revenue was the increase in sales volume from both aftermarket (AM) and original equipment manufacturer (OEM) markets, particularly with clients like Xpeng, Geely, and SAIC [2] - The company has established a strong core customer base in the new energy vehicle sector since expanding into the complete vehicle market in 2017 [3] - The overseas revenue accounted for approximately 30% of total revenue in 2024, with plans to enhance overseas operations through new factories and logistics centers [3] Group 3: Strategic Initiatives and Future Outlook - The company is focusing on steady expansion in the aftermarket business and aims to increase production capacity, particularly in the Moroccan factory [3] - Plans to optimize production processes and reduce costs through lean management practices were highlighted, with specific techniques like process optimization and material reduction being employed [5] - The company is monitoring potential mergers and acquisitions in the industry and will disclose updates as necessary [3] Group 4: Challenges and Risk Management - The company noted that the North American market contributes about 5% to its overall business, indicating limited impact from trade tensions [4] - The discrepancy between revenue growth and net profit growth is attributed to the increasing share of lower-margin OEM business compared to higher-margin aftermarket business [4] - The management emphasized the importance of maintaining core competitiveness and intrinsic value as part of its market value management strategy [5]