豪迈科技(002595)：三大业务齐头并进 公司业绩创历史新高

Core Insights - The company reported a strong performance in its 2024 annual report, with revenue and net profit exceeding expectations, indicating robust growth across its business segments [1][2][3] Group 1: Financial Performance - In 2024, the company achieved revenue of approximately 8.81 billion yuan, a year-on-year increase of 23.0% [1] - The net profit attributable to shareholders was around 2.01 billion yuan, up 24.8% year-on-year, while the net profit after deducting non-recurring items was about 1.89 billion yuan, reflecting a 20.5% increase [1] - The operating cash flow decreased by 29.0% to approximately 1.14 billion yuan [1] - The basic earnings per share rose to 2.53 yuan, a 24.6% increase, and the weighted average return on equity (ROE) was approximately 21.4%, up 1.2 percentage points year-on-year [1] Group 2: Business Segments - The tire mold business grew by 22.7% to 4.65 billion yuan, driven by the recovery of the global economy and the expansion of the electric vehicle market in China [2] - The large component products business saw a revenue increase of 20.3% to 3.33 billion yuan, supported by rising global electricity demand and the growth of gas turbine orders, which increased by 15% to 50 GW [3] - The machine tool business experienced significant growth, with external sales revenue reaching approximately 400 million yuan, a 29.3% increase, and total output value nearing 590 million yuan, up about 47.0% [4] Group 3: Profitability and Financial Health - The company's gross margin slightly decreased by 0.35 percentage points to 34.30%, while the net profit margin increased by 0.36 percentage points to 22.85% [5] - Contract liabilities reached approximately 200 million yuan, a year-on-year increase of 77.7%, indicating strong business activity [5] - Inventory grew by 48.2% to 2.48 billion yuan, reflecting increased production and sales [5] Group 4: Future Outlook - The company anticipates continued growth in its mold business due to the expansion of domestic tire manufacturers and increasing market share [6] - The large component products business is expected to benefit from the rapid growth of gas turbines and wind power installations [6] - The machine tool business is projected to maintain high growth rates following its establishment in 2022 [6]