Jiangsu Zhongtian Technology (600522) Q4 2024 earnings summary

Executive summary

• Revenue reached ¥48.05 billion in 2024, up 6.63% year-over-year; net profit attributable to shareholders was ¥2.84 billion, down 8.94% year-over-year.

• Cash flow from operating activities was ¥4.13 billion, a decrease of 9.03% compared to the previous year.

• The company maintained a leading position in energy networks and communication networks, with significant advances in offshore wind, energy storage, and green manufacturing.

• Major investments in R&D and digital transformation supported new product launches and international expansion.

Financial highlights

• Revenue: ¥48.05 billion, up 6.63% year-over-year.

• Net profit attributable to shareholders: ¥2.84 billion, down 8.94% year-over-year.

• Basic EPS: ¥0.835, down 8.54% year-over-year.

• Gross margin for manufacturing: 14.07%, down 1.82 percentage points year-over-year.

• Net assets attributable to shareholders: ¥34.99 billion, up 5.53% year-over-year.

• Total assets: ¥58.32 billion, up 6.57% year-over-year.

Outlook and guidance

• The company will continue to focus on global expansion, especially in offshore wind, energy storage, and green energy solutions.

• Plans to deepen R&D in high-voltage cables, energy storage, and hydrogen technology, and to enhance digital and intelligent manufacturing.

• Ongoing commitment to shareholder returns through stable dividends and share repurchase programs.