SUPCON Technology (688777) Q4 2024 earnings summary

Executive summary

• Achieved total operating revenue of RMB 9,351.33 million in 2024, up 8.49% year-over-year.

• Net profit attributable to shareholders reached RMB 1,129.94 million, up 2.56% year-over-year.

• Excluding non-recurring items, net profit rose 9.60% year-over-year to RMB 1,038.41 million.

• After excluding GDR exchange losses, net profit increased 10.90% year-over-year.

• Focused on industrial AI, automation, and digital transformation, driving robust business growth.

Financial highlights

• Operating profit was RMB 1,216.91 million, up 2.71% year-over-year.

• Total assets at year-end were RMB 18,477.34 million, up 3.34% year-over-year.

• Shareholders' equity attributable to the parent was RMB 10,323.16 million, up 5.07% year-over-year.

• Basic EPS was RMB 1.43, slightly down 0.69% year-over-year.

• Net asset per share increased 4.98% to RMB 13.06.

Outlook and guidance

• Continued investment in industrial AI, robotics, and innovative business models expected to support future growth.

• Overseas and oil & gas, PLC, and robotics businesses are expected to maintain rapid growth.