GONGNIU(603195) 上海证券报·2025-04-25 00:48Core Viewpoint - The company reported a net profit of approximately 4.27 billion yuan for the fiscal year 2024, reflecting a growth of 10.39% compared to the previous year, and plans to distribute cash dividends and increase share capital through capital reserves [1][12]. Company Overview - The company operates in the electrical machinery and equipment manufacturing industry, focusing on products such as converters, wall switches, sockets, digital accessories, LED lighting, and new energy charging equipment [3][4]. - The company has established itself as a leader in the civil electrical field since its founding in 1995, with a strong emphasis on product quality and brand reputation [5][7]. Business Segments - The main business segments include electrical connections, smart electrical lighting, and new energy products, with a focus on innovation and consumer needs [6][7]. - The company has achieved significant market presence, ranking first in online sales for converters, wall switches, and new energy vehicle charging products on platforms like Tmall [5]. Financial Performance - The company achieved a total revenue of 16.83 billion yuan in 2024, marking a 7.24% increase from the previous year [12]. - The proposed profit distribution plan includes a cash dividend of 24.00 yuan per 10 shares and a capital reserve increase of 4.0 shares for every 10 shares held [1][2]. Industry Position - The company is positioned in a mature market for traditional electrical products, while segments like smart home products and new energy solutions are experiencing growth [4][5]. - The demand for electrical connections and smart lighting products is closely tied to consumer lifestyle, with no significant cyclical or regional characteristics affecting the industry [4].