EWPT(300115) 新浪财经·2025-04-18 00:34Core Insights - The company reported a revenue of 16.934 billion yuan for 2024, representing a year-on-year increase of 23.40%, and a net profit attributable to shareholders of 772 million yuan, up 800.24% year-on-year [1] - The performance aligns with market expectations, driven by a focus on precision components for consumer electronics and new energy products, alongside the development of robotics and intelligent equipment [2] Revenue Breakdown - The consumer electronics segment generated revenue of 11.691 billion yuan, a year-on-year increase of 15.39% - The new energy segment achieved revenue of 5.214 billion yuan, up 47.29% year-on-year, benefiting from the gradual release of production capacity in various locations [2] - The robotics and intelligent equipment segment reported revenue of 29 million yuan, with ongoing efforts to enhance humanoid robot production capacity [2] Profitability and Cost Management - The company's gross margin for 2024 was 18.53%, a decrease of 1.34 percentage points year-on-year, with Q4 gross margin at 18.10% [3] - The company improved its cost control, achieving a total expense ratio of 13.53%, down 3.85 percentage points year-on-year [3] - The strategic focus includes strengthening the consumer electronics business, expanding new energy operations, and fostering artificial intelligence innovations [3] Global Expansion Strategy - The company is advancing its global production base construction, with plans for timely operation of facilities in Hungary and Mexico [4] - Efforts are being made to optimize production capacity in Vietnam and enhance overall operational efficiency [4] - A standardized management system will be established across global production bases to ensure efficient collaboration [4] Future Earnings Projections - Revenue forecasts for 2025 and 2026 are adjusted to 18.877 billion yuan and 21.838 billion yuan, respectively, with a new projection for 2027 at 24.383 billion yuan [5] - Expected net profits for 2025 and 2026 are 865 million yuan and 1.007 billion yuan, with a new projection for 2027 at 1.168 billion yuan [5] - The estimated EPS for 2025, 2026, and 2027 are 0.64 yuan, 0.74 yuan, and 0.86 yuan, respectively [5]