Jereh Group(002353) 新浪财经·2025-04-26 06:39Core Viewpoint - The company is expected to maintain steady growth in 2024, with improving profitability and ongoing overseas strategic expansion, supported by high order growth and domestic and international capacity expansion [1]. Financial Performance - In 2024, the company is projected to achieve operating revenue of 13.355 billion yuan, a year-on-year decrease of 4.01%, with a net profit attributable to shareholders of 2.627 billion yuan, an increase of 7.03%. The non-recurring net profit is expected to be 2.402 billion yuan, up 9.06% [2]. - For Q4 2024, the company anticipates operating revenue of 5.308 billion yuan, a year-on-year increase of 2.95%, with a net profit of 1.029 billion yuan, up 15.51%, and a non-recurring net profit of 1.005 billion yuan, an increase of 17.24% [2]. Profitability - The company's gross margin and net margin for 2024 are projected to be 33.70% and 20.11%, respectively, representing increases of 0.65 percentage points and 2.19 percentage points year-on-year. For Q4 2024, the gross margin and net margin are expected to be 31.69% and 19.54%, showing a year-on-year decrease of 0.58 percentage points and an increase of 2.23 percentage points [3]. Business Segments - The high-end equipment manufacturing segment is expected to generate revenue of 9.180 billion yuan in 2024, reflecting a year-on-year increase of 12.71%, with strong performance in natural gas-related businesses and rapid growth in new orders [3]. Order Growth and Strategic Expansion - The company secured new orders worth 18.232 billion yuan in 2024, marking a year-on-year growth of 30.64% [3]. - The overseas strategy continues to deepen, with revenue from overseas operations reaching 6.037 billion yuan in 2024, accounting for 45.20% of total revenue, although this represents a year-on-year decline of 7.39% due to the absence of comparable project deliveries in 2024 [3]. - In October 2024, the company launched the Jerry Natural Gas Industrial Park, tripling its natural gas production capacity, and is expanding production facilities in the U.S. and planning new bases in the Middle East [3].