LY iTECH(002600)2025-04-06 07:56Financial Performance - In 2024, the company achieved a revenue of CNY 44.211 billion, representing a year-on-year growth of 29.56% [6] - The net profit attributable to shareholders was CNY 1.753 billion, with a significant increase in operating cash flow to CNY 4.021 billion [6][7] - The AI terminal business generated revenue of approximately CNY 40.731 billion, growing by 32.75% year-on-year [8] - The fourth quarter of 2024 saw a record revenue of CNY 12.727 billion, up 34.28% year-on-year, with a net profit of CNY 348 million, marking a 92.20% increase [6][7] Business Segments - The imaging display segment achieved revenue of CNY 11.270 billion, a remarkable growth of 103.32% [9] - The thermal management business reported revenue of CNY 4.107 billion, reflecting a 9.20% increase from CNY 3.761 billion in 2023 [11] - The company is actively involved in the robotics sector, with over 400 patents accumulated and a focus on humanoid robots [15][16] International Expansion - The company operates 58 production and service locations globally, with 8 assembly bases in countries including Turkey, Brazil, India, and the USA [18] - The overseas business is expected to enhance profitability and establish a dual-cycle business model [18] Investor Relations and Returns - In 2024, the company plans to distribute cash dividends totaling CNY 140 million, which accounts for 11.41% of the net profit [21] - Over the three years from 2022 to 2024, the cumulative amount for dividends and share buybacks reached CNY 1.727 billion, representing 31.98% of the net profit [21] Manufacturing and Efficiency - The company implemented lean production initiatives, aiming for a yield target of 98%, with 80% of materials achieving a yield of 98.8% or higher [23] - Revenue per employee increased from CNY 471,700 to CNY 518,400, indicating improved operational efficiency [23]