Core Viewpoint - Zhite New Materials (300986) reported a successful turnaround in 2024, achieving a total revenue of 2.526 billion yuan, a year-on-year increase of 12.88%, and a net profit of 73.6951 million yuan, marking a significant growth of 262.69% compared to the previous year [1] Group 1: Financial Performance - The company achieved a net profit of 73.6951 million yuan, successfully turning a profit compared to the previous year [1] - The non-recurring net profit reached 42.7492 million yuan, reflecting a year-on-year growth of 152.20% [1] Group 2: Overseas Market Expansion - In 2024, the company made significant progress in overseas markets, with foreign revenue reaching 520 million yuan, a year-on-year increase of 41.85% [4] - The company established subsidiaries in Saudi Arabia and Kazakhstan and signed strategic cooperation agreements with several international enterprises [4] - The company successfully secured multiple landmark projects in Southeast Asia, enhancing its international brand influence [4] Group 3: Core Business Growth - The formwork business continued to grow steadily, supported by the technical advantages of aluminum formwork products and capacity upgrades [5] - The company expanded its prefabricated building business, particularly in prefabricated PC components and steel structure products, with significant year-on-year increases in production and sales [5] - Prefabricated buildings are becoming a new growth point for the company, contributing to improved production efficiency and reduced construction costs [5] Group 4: R&D and Incentive Mechanisms - The company initiated a "share repurchase + equity incentive" mechanism in 2024, repurchasing 4.2418 million shares, which is 1.72% of the total share capital [7] - The R&D investment for 2024 was 91.175 million yuan, a slight increase of 0.11% year-on-year, focusing on new intelligent construction technologies [7] - Despite the increase in R&D investment, the proportion of R&D spending relative to total revenue decreased by 0.46 percentage points to 3.61% [7]
志特新材2024年扭亏为盈，海外市场成增长引擎