Core Viewpoint - In 2024, the global economy is gradually recovering, and Yiyi Co., Ltd. (依依股份) is experiencing significant growth driven by structural demand recovery and effective market strategies [1] Group 1: Financial Performance - In 2024, Yiyi Co., Ltd. achieved a revenue of 1.798 billion yuan, a year-on-year increase of 34.41% [1] - The net profit reached 215 million yuan, marking a substantial year-on-year growth of 108.34% [1] - The company reported a non-recurring net profit of 191 million yuan, up 75.09% from the previous year [1] - The net cash flow from operating activities was 223 million yuan, an increase of 10.12% year-on-year [1] Group 2: Product Development and Market Position - Yiyi Co., Ltd. has developed over a thousand specialized pet hygiene products, enhancing its application system in the pet hygiene market [2] - The company has established a comprehensive production base for pet hygiene products, covering all production stages and application scenarios [2] - The core product capacity for pet pads reached 4.6 billion pieces annually, while pet diapers reached 200 million pieces annually [2] - Yiyi Co., Ltd. exports to nearly 40 countries, with export amounts consistently accounting for over 30% of the domestic total for similar products [2] Group 3: International Expansion and Strategic Initiatives - The company has established a wholly-owned subsidiary in Cambodia, marking a significant step in its global capacity strategy, expected to commence production by April 2025 [3] - The Cambodian project is anticipated to enhance the company's risk resistance and serve as a key point for expanding into Southeast Asia and global markets [3] - Yiyi Co., Ltd. has maintained a consistent dividend policy, distributing a total of 165 million yuan in cash dividends, which is 76.72% of the annual net profit [3] Group 4: Future Outlook and Growth Strategy - In Q1 2025, Yiyi Co., Ltd. reported a revenue of 485 million yuan, a year-on-year increase of 26.56% [4] - The net profit for the same period was 54 million yuan, reflecting a growth of 27.96% year-on-year [4] - The company plans to enhance production efficiency and expand market share by adding advanced production lines and upgrading existing equipment [5] - Yiyi Co., Ltd. aims to strengthen its domestic and international market presence by leveraging its expanded production capacity and exploring new market opportunities [5]
依依股份24年度营收、净利双双创历史新高 全球化产能战略迈出里程碑式步伐