Shengyi Technology (600183) Q4 2024 earnings summary

Executive summary

• Achieved revenue of RMB 20,388.33 million, up 22.92% year-over-year.

• Net profit attributable to shareholders reached RMB 1,743.81 million, a 49.81% increase year-over-year.

• Significant growth driven by higher sales volume and improved product mix in core business segments.

Financial highlights

• Operating profit rose 63.26% year-over-year to RMB 2,077.56 million.

• Total profit increased 63.08% year-over-year to RMB 2,073.07 million.

• Basic EPS was RMB 0.74, up 48% from the previous year.

• Weighted average ROE improved by 3.63 percentage points to 12.20%.

• Net assets per share increased to RMB 6.14.

Outlook and guidance

• Final audited results will be disclosed in the 2024 annual report, scheduled for March 29, 2025.