Wedge Industrial (000534) Q4 2024 earnings summary

Executive summary

• An independent audit was conducted on the 2024 financial statements, including related party transactions and fund movements, with a standard unqualified opinion issued on March 5, 2025.

• The report specifically addresses non-operating fund occupation and other related party fund transactions as of December 31, 2024.

Significant events and developments

• No inconsistencies were found between the summary table of related party fund movements and the audited financial statements.

• The summary table should be read together with the audited financial statements for a complete understanding.

Segment performance

• Major related party transactions include receivables and fund movements with subsidiaries and entities controlled by major shareholders.

• Both operating and non-operating fund movements are detailed, with significant balances involving subsidiaries in the biomedical and precision casting sectors.