Suzhou Dongshan Precision Manufacturing Co (002384) Q4 2024 earnings summary

Executive summary

• Revenue grew 9.33% year-over-year to ¥36.79 billion, driven by stable growth in core consumer electronics and new energy businesses.

• Net profit attributable to shareholders dropped 44.55% year-over-year, mainly due to asset disposal and impairment losses in the LED segment.

Financial highlights

• Operating profit decreased 31.03% year-over-year to ¥1.42 billion.

• Total profit fell 32.56% year-over-year to ¥1.48 billion.

• Basic EPS declined 45.22% year-over-year to ¥0.63.

• Weighted average ROE was 5.91%, down 5.47 percentage points from the previous year.

Outlook and guidance

• The company continues to focus on a dual-engine strategy in consumer electronics and new energy, aiming for stable growth.