Landai Technology(002765) 新浪财经·2025-04-08 02:40Core Viewpoint - The company has achieved a turnaround in profitability for 2024, driven by significant growth in its new energy transmission and touch display businesses, alongside strategic investments in robotics [1][2][4]. Financial Performance - In 2024, the company reported a revenue of 3.536 billion yuan, representing a year-on-year increase of 25.93% [1]. - The net profit attributable to shareholders reached 124 million yuan, with a net profit excluding non-recurring items of 657 million yuan, marking a return to profitability [1]. - The new energy transmission business generated revenue of 1.776 billion yuan, up 15.09%, and net profit attributable to shareholders soared by 1065.97% to 114 million yuan [2]. Business Segments - The new energy business saw a sales volume of 5.4 million units, a 120% increase year-on-year, with revenue of 527 million yuan, up 88% [2]. - The touch display business achieved revenue of 1.760 billion yuan, a growth of 39.16%, and net profit of 39.64 million yuan, also returning to profitability [2]. - The company’s subsidiaries are expanding into various sectors, including automotive touch screens and industrial control products, with positive feedback from new projects [2]. Strategic Investments - The company has invested in Wuxi Quanzhibo, acquiring a 4.3478% stake, focusing on the robotics joint actuator sector [3]. - This investment aims to enhance the company's capabilities in the research, production, and assembly of integrated robotic joints and core components [3]. Future Outlook - Revenue projections for 2025, 2026, and 2027 are estimated at 4.511 billion, 5.561 billion, and 6.646 billion yuan, respectively, with corresponding EPS of 0.33, 0.45, and 0.59 yuan [4]. - The current price-to-earnings ratios are forecasted at 40.5, 30.0, and 22.9 times for the respective years, indicating strong growth potential in the new energy transmission and robotics sectors [4].