Huaming Power Equipment (002270) H2 2024 earnings summary

Executive summary

• Achieved revenue of ¥2,324.15 million in 2024, up 18.51% year-over-year, driven by core power equipment business and strong overseas sales growth of about 40%.

• Net profit attributable to shareholders reached ¥613.86 million, a 13.17% increase year-over-year; net profit excluding non-recurring items was ¥588.07 million, up 17.03%.

Financial highlights

• Operating profit rose 13.15% year-over-year to ¥703.84 million.

• Total assets at year-end were ¥4,459.44 million, down 1.30% from the start of the year.

• Shareholders' equity decreased 5.44% to ¥3,167.91 million.

• Basic EPS increased 13.17% to ¥0.6849.

Key financial ratios and metrics

• Weighted average return on equity improved to 18.55% from 16.05% year-over-year.

• Net assets per share declined 5.44% to ¥3.5347.