ZONGSHEN POWER(001696) 证券时报网·2025-03-31 15:10Core Viewpoint - Zongshen Power reported strong financial performance for the fiscal year 2024, with revenue of 10.384 billion yuan, a year-on-year increase of 29.84%, and a net profit attributable to shareholders of 461 million yuan, up 27.45% [1] Financial Performance - The company achieved a net profit of 442 million yuan after deducting non-recurring items, reflecting a significant growth of 42.92% [1] - Basic earnings per share were reported at 0.40 yuan [1] - The proposed cash dividend is 2 yuan per 10 shares, totaling approximately 229 million yuan, which represents 49.64% of the net profit [2] Strategic Direction - In response to a complex external environment, the company is focusing on "ensuring growth, strengthening transformation, and creating value" as its operational guideline [1] - The strategic direction emphasizes "seeking progress while maintaining stability and innovating breakthroughs," with a focus on extending the first growth curve and creating a second growth curve through technological innovation [1] Business Development - The company is undergoing a transformation towards becoming a "digital, technological, and intelligent" integrated service provider for power systems [1] - Core business upgrades and new field layouts are driving strong resilience and innovative vitality [1] - The engine business is focusing on product structure upgrades, leading to steady sales growth [1] - The aviation power segment is overcoming technical challenges and establishing a competitive market position [1] - The new energy business has successfully developed two product systems: new energy power systems and energy storage, contributing significantly to the company's business transformation [1][2]