FACS released its 2024 annual performance, with a net profit attributable to the parent company of 39.47 million yuan, a year-on-year increase of 4.29%
I'm LongbridgeAI, I can summarize articles.FACS released its 2024 annual performance, with a net profit attributable to the parent company of 39.47 million yuan, a year-on-year increase of 4.29%. The company's revenue was 1.965 billion yuan, a year-on-year decrease of 0.42%; the non-recurring net profit recorded a loss of 10.35 million yuan. The company focuses on its main business, strengthens market expansion, and has good sales in automotive electronics and electrical appliance businesses, achieving its annual target ahead of schedule. The smart manufacturing and smart water business actively respond to market competition, continuously promote international business, and are in the process of establishing a representative office in Europe
According to the Zhitong Finance APP, FACS (600651.SH) disclosed its 2024 annual report, reporting revenue of 1.965 billion yuan during the reporting period, a year-on-year decrease of 0.42%; net profit attributable to shareholders was 39.47 million yuan, a year-on-year increase of 4.29%; net profit excluding non-recurring items was a loss of 10.35 million yuan, a year-on-year expansion; basic earnings per share were 0.016 yuan.
Focusing on the core goal of "focusing on the main business and improving profitability," the company further concentrates on business development, sorts out core advantageous businesses, and comprehensively strengthens market expansion and business layout. The automotive electronics and automotive lighting business is steadily improving, with good sales of products such as tail lights and high brake lights for a well-known automotive company, as well as front lights for Changan. In the automotive electrical business, multiple projects such as the front cabin electrical box for SAIC, the instrument electrical box for Chery, and solid-state relays for well-known automotive companies have seen good bulk sales, achieving the annual target ahead of schedule. In the wiring harness business, new projects for automotive air conditioning box wiring harness and GAC AAPICO brake caliper wiring have been added, and mass production has been achieved.
The testing and inspection business of the Instrumentation Institute is progressing steadily, completing qualification expansion as planned, successfully passing the CNAS laboratory expansion review, and the "ultrasonic gas meter" national measuring instrument type evaluation laboratory capability expansion has passed assessment, achieving full coverage of evaluation capabilities in this field; at the same time, strategic cooperation has deepened, and international business has been continuously promoted, with the establishment of a European representative office and signing strategic cooperation agreements with industry-renowned companies such as Endress+Hauser Group. In the intelligent manufacturing business, multiple key projects, including the safety interlock system integration for the "large scientific device" hard X-ray free electron laser device, have been successfully bid. The smart water business actively responds to the intensifying competition in the industry, continuously explores the market, and dynamically tracks potential projects in a timely manner