SICC (688234) Q4 2024 earnings summary

Executive summary

• Achieved revenue of RMB 1,768.14 million in 2024, up 41.37% year-over-year, driven by increased production and sales of large-size, conductive products.

• Net profit attributable to shareholders reached RMB 180.46 million, reversing a loss from the previous year.

• Excluding non-recurring items, net profit was RMB 157.53 million, also turning positive year-over-year.

Financial highlights

• Operating profit was RMB 161.61 million, compared to a loss of RMB 56.68 million in the prior year.

• Total assets at year-end were RMB 7,318.03 million, up 5.88% year-over-year.

• Shareholders' equity increased 1.78% to RMB 5,319.75 million.

• Basic EPS was RMB 0.42, compared to -0.11 last year.

• Weighted average ROE improved to 3.39% from -0.87% a year ago.

Outlook and guidance

• Focus remains on core business, R&D innovation, and expanding market and customer base.

• Continued capacity expansion and product structure optimization expected to support future growth.