600885

According to the Zhitong Finance APP, Hongfa (600885.SH) released its 2024 annual report. During the reporting period, the company achieved operating revenue of 14.102 billion yuan, a year-on-year increase of 9.07%. The net profit attributable to shareholders of the listed company was 1.631 billion yuan, a year-on-year increase of 17.09%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 1.515 billion yuan, a year-on-year increase of 13.89%. The basic earnings per share were 1.56 yuan. It is proposed to distribute a cash dividend of 0.515 yuan per share (including tax) to all shareholders and to increase the capital stock by 4 shares for every 10 shares held through the conversion of capital reserves.

During the reporting period, the company deeply implemented the guiding ideology of work in the new era—“adhere to and promote the characteristics of Hongfa, fully implement the ‘75+’ strategy, strive to build strong strength, and achieve sustained and healthy development,” holding true to its original intention and forging ahead. The advantages of the “7” categories of relay products were further consolidated and expanded, while the “5+” products such as switchgear, connectors, capacitors, fuses, and current sensors developed steadily, with all major operating indicators achieving better-than-expected growth