XIHARI released its 2024 annual performance, with a net profit attributable to the parent company of 229 million yuan, a year-on-year increase of 20.78%

According to the report from XIHARI (688334.SH), the company disclosed its 2024 annual report, showing that during the reporting period, the company achieved revenue of 798 million yuan, a year-on-year increase of 5.73%; net profit attributable to the parent company was 229 million yuan, a year-on-year increase of 20.78%; net profit excluding non-recurring items was 191 million yuan, a year-on-year increase of 41.74%; and basic earnings per share were 0.7223 yuan. The company plans to distribute a cash dividend of 1.40 yuan (tax included) for every 10 shares to all shareholders.

The main reasons for the performance growth are: first, the company has intensified its market expansion efforts this period, achieving significant breakthroughs in business acquisition, with notable growth in ultra-high voltage testing, transformer testing, technical services, and new energy businesses. Additionally, XIHARI's overseas recognition continues to improve, leading to an increasing number of testing services related to product exports, which in turn drives profit growth; second, the company closely monitors project gross margins and actively engages in cost benchmarking and control to enhance profitability. The net cash flow generated from operating activities was 482 million yuan, an increase of 169 million yuan compared to 313 million yuan in the same period last year. The company has strengthened the management of receivables, and the accounts receivable generated from last year's revenue growth were well recovered this year, while all receivable notes at the beginning of the year were paid on time, resulting in an increase in net cash flow from operating activities