On April 2, Baichu Electronics (688188) announced its 2024 annual report, with the company's operating income of 1.74 billion yuan, an increase of 23.3% year-on-year; the net profit attributable to the parent company was 883 million yuan, an increase of 21.1% year-on-year; net profit after deducting non-attributable to the parent company was 821 million yuan, an increase of 21.8% year-on-year; net operating cash flow was RMB952 million, up 10.6% year-on-year; EPS (fully diluted) was 4.2964 yuan.

In the fourth quarter, the company's operating income was 435 million yuan, an increase of 4.6% year-on-year; the net profit attributable to the parent company was 157 million yuan, an increase of 0.1% year-on-year; net profit after deducting non-attributable to the parent company was 129 million yuan, a year-on-year decrease of 11.4%; EPS was 0.764 yuan.

As of the end of the fourth quarter, the company's total assets were 5.878 billion yuan, an increase of 10.2% over the end of the previous year; The net assets attributable to the parent company were 5.468 billion yuan, an increase of 10% from the end of the previous year.

In its 2024 annual report, the company mentioned that its operating business maintained stable growth, although the global macroeconomic environment still has an impact on the downstream market. By optimizing the capabilities of the R&D platform, the company actively explores new technologies to promote the continuous innovation and development of laser cutting, intelligent welding and precision machining. In addition, the company continues to consolidate its core technical capabilities in the optimization and upgrading of technology platforms to ensure the forward-looking and leading layout of new technologies.

In the management discussion and analysis part, the report pointed out that the company's main business still shows a growth trend thanks to the continuous increase in domestic demand for high-power thick plate cutting and the expansion of foreign application scenarios. The company plans to further strengthen its market position and promote the sustainable development of its business through a wide range of industry solutions and an overall cross-category product portfolio strategy. Overall, the company's continuous efforts in technology research and development, market development and business innovation have laid a good foundation for its future growth.