Haitian International (1882) H2 2024 earnings summary

Executive summary

• Achieved record annual results in 2024, with revenue up 23.4% year-over-year to RMB16,128.3 million, driven by global industrial chain restructuring and strong export growth.

• Net profit attributable to shareholders rose 23.6% to RMB3,080.3 million, with net profit margin stable at 19.1%.

• Declared a second interim dividend of HKD0.73 per share, up from HKD0.66 per share in 2023.

• Domestic sales increased 27.7% and overseas sales grew 16.8% year-over-year.

Financial highlights

• Revenue: RMB16,128.3 million (up 23.4% year-over-year).

• Gross profit: RMB5,235.8 million (up 24.7%), gross margin at 32.5% (2023: 32.1%).

• Operating profit: RMB3,533.9 million (up 26.7%).

• Net profit attributable to shareholders: RMB3,080.3 million (up 23.6%).

• Basic EPS: RMB1.93 (up 23.7%).

• Total dividend: HKD0.73 per share (up 10.6%).

Outlook and guidance

• Expects moderate global economic growth in 2025, with continued expansion in developing economies.

• Plans to leverage technology innovation, green transformation, and digitalization to drive growth.

• Will expand global investments, with new factories in Japan and Serbia to be completed in 2025.