Noblelift Intelligent Equipment (603611) Q4 2024 earnings summary

Executive summary

• Revenue reached ¥6.98 billion in 2024, up 0.23% year-over-year; net profit attributable to shareholders was ¥461.91 million, up 0.91% year-over-year.

• Operating cash flow surged 664.12% to ¥765.60 million, reflecting improved cash management.

• The company maintained stable growth amid global economic uncertainty, driven by innovation, product upgrades, and supply chain optimization.

• Major honors included national-level industrial design center and Zhejiang Provincial Industrial Award.

Financial highlights

• Gross margin for intelligent equipment was 25.37% (up 1.74%), and for logistics systems 19.29% (down 1.05%) year-over-year.

• Net assets attributable to shareholders rose 10.26% to ¥2.94 billion; total assets decreased 3% to ¥8.83 billion.

• Basic and diluted EPS were both ¥1.79, up from ¥1.78 last year.

• R&D expenses were ¥241.22 million, representing 3.46% of revenue.

• Cash dividend proposed: ¥8.97 per 10 shares, totaling ¥231.07 million (50% payout ratio).

Outlook and guidance

• 2025 is designated as a “strong development year,” focusing on innovation, efficiency, and customer value.

• Plans to accelerate electric vehicle product upgrades, expand global presence, and enhance digital transformation.

• Continued investment in R&D, especially in digital twins, big data, and smart logistics.