YINLUN(002126) 证券之星·2025-04-19 22:25Core Viewpoint - Silver Wheel Co., Ltd. reported a revenue increase of 15.28% year-on-year for 2024, with a total revenue of 12.702 billion yuan and a net profit of 784 million yuan, reflecting a 28.0% increase compared to the previous year [1][4] Financial Performance - The total revenue for 2024 reached 12.702 billion yuan, up from 11.018 billion yuan in 2023, marking a 15.28% increase [4] - The net profit attributable to shareholders was 784 million yuan, compared to 612 million yuan in 2023, representing a 28.0% increase [4] - The fourth quarter revenue was 3.497 billion yuan, a 15.57% increase year-on-year, with a net profit of 179 million yuan, up 6.4% [1] - The gross profit margin decreased to 20.12%, down 2.05% year-on-year, while the net profit margin improved to 7.04%, an increase of 10.71% [4] - Total operating expenses were 917 million yuan, accounting for 7.22% of revenue, a decrease of 8.2% year-on-year [4] Accounts Receivable and Cash Flow - Accounts receivable increased to 4.637 billion yuan, up 15.92% from 4.001 billion yuan in 2023, with accounts receivable accounting for 591.87% of net profit [1][5] - Cash and cash equivalents increased to 2.187 billion yuan, a 13.95% increase from 1.919 billion yuan [4] - Operating cash flow per share was 1.44 yuan, reflecting a 26.05% increase year-on-year [4] Future Outlook - The company aims for a revenue target of no less than 15 billion yuan and a net profit target of at least 1.05 billion yuan for 2025, as per the disclosed stock option incentive plan [7]