Group 1 - The company reported a revenue of 1.421 billion in 2024, representing a year-on-year growth of 34.11% and a net profit attributable to shareholders of 187 million, up 59.80% year-on-year [1] - In Q1 2025, the company achieved a revenue of 390 million, a year-on-year increase of 44.98%, and a net profit of 61 million, reflecting a significant growth of 125.81% year-on-year [1] - For Q4 2024, the company recorded a revenue of 455 million, which is a 50.80% increase year-on-year, and a net profit of 67 million, up 112.38% year-on-year [1] Group 2 - The company has established stable partnerships with major manufacturers in the electric vehicle market, including CATL, BYD, and Tesla, ensuring a strong customer base [2] - In the renewable energy sector, key clients include Sunshine Power, Huawei, and Goldwind Technology, indicating a diversified market presence [2] - The company has a strong foothold in the high-voltage fuse market, with a production volume of 1.5701 million units in 2024, marking a year-on-year increase of 168.48% [3] Group 3 - The revenue from high-voltage fuses reached 137 million in 2024, showing a remarkable growth of 189.12% and accounting for 9.65% of total revenue [3] - The company is expected to see significant revenue growth in the coming years, with projected revenues of 1.960 billion, 2.649 billion, and 3.402 billion for 2025, 2026, and 2027, respectively [3] - The projected net profits for 2025, 2026, and 2027 are 332 million, 460 million, and 606 million, with corresponding growth rates of 77.5%, 38.6%, and 31.9% [3]
中熔电气(301031)：业绩超预期 激励熔断器持续放量