IMDTECL(002128) 证券之星·2025-04-25 22:49Core Viewpoint - The recent financial report of Electric Power Investment Energy (002128) shows a positive growth in revenue and net profit for 2024, although the quarterly net profit for Q4 has declined compared to the previous year [1][2]. Financial Performance - The total operating revenue for 2024 reached 29.859 billion yuan, an increase of 11.23% year-on-year [4]. - The net profit attributable to shareholders was 5.342 billion yuan, reflecting a year-on-year growth of 17.15% [4]. - In Q4, the operating revenue was 8.05 billion yuan, up 13.13% year-on-year, while the net profit decreased by 3.37% to 942 million yuan [1]. Profitability Metrics - The gross profit margin improved to 34.05%, a year-on-year increase of 7.07% [4]. - The net profit margin also increased to 19.66%, up 5.14% from the previous year [4]. - The company reported a return on invested capital (ROIC) of 13.62%, indicating strong capital returns [4]. Cost and Efficiency - Total selling, administrative, and financial expenses amounted to 1.269 billion yuan, representing 4.25% of revenue, which is a 4.71% increase year-on-year [4]. - The company’s cash flow per share was 3.55 yuan, up 15.71% year-on-year [4]. Analyst Expectations - Analysts had previously estimated the net profit for 2024 to be around 5.578 billion yuan, indicating that the actual results fell short of expectations [2][5]. - The average earnings per share forecast for 2025 is projected at 2.61 yuan [5]. Shareholder Information - The largest fund holding Electric Power Investment Energy is the E Fund Resource Industry Mixed Fund, which holds 4.477 million shares [6].