HON-Flex(300657) 新浪财经·2025-04-02 00:38Group 1 - The company reported a total revenue of 5.875 billion yuan for 2024, representing a year-on-year increase of 68.91% [1] - The net profit attributable to shareholders reached 56.82 million yuan, up 113.05% year-on-year, while the non-recurring net profit attributable to shareholders was -65.32 million yuan, reducing losses by 85.45% year-on-year [1] Group 2 - The company has implemented multiple measures to improve the profitability of its FPC business, focusing on high-quality development and optimizing production layout by reducing capacity and selling off underperforming factories [2] - The printed circuit board business generated a revenue of 3.097 billion yuan in 2024, with a gross margin of 2.75%, which is a 157.81% increase year-on-year [2] Group 3 - The company completed a dual layout in computing power chips by acquiring 100% of the shares of an elite NVIDIA agent, enhancing its capabilities in the computing power industry [3] - The computing power business revenue reached 1.988 billion yuan, accounting for 33.84% of total revenue, primarily driven by sales of computing power servers [3] - The company aims to deepen collaborations in the computing power ecosystem, providing AI solutions across various sectors including education, smart manufacturing, and healthcare [3] Group 4 - The revenue forecast for 2025-2026 has been adjusted to 8.620 billion yuan and 10.431 billion yuan, with expected year-on-year growth rates of 46.7% and 21.0% respectively [4] - The earnings per share (EPS) estimates for 2025-2026 are projected to be 0.46 yuan and 0.85 yuan, with an additional forecast for 2027 of 1.17 yuan [4] - The company maintains an "overweight" rating due to improving profitability in traditional businesses and promising prospects in AI computing power [4]