Jiangnan Yifan (301023.SZ) released its 2024 interim report, with the company's revenue reaching 0.121 billion yuan...
Jiangnan Yifan (301023.SZ) released its 2024 interim report, with the company's revenue reaching 0.121 billion yuan, a year-on-year growth of 41.67%; the net income attributable to shareholders of the listed company increased by 58.04% to 43.0798 million yuan; the net income attributable to shareholders of the listed company after deducting non-recurring gains and losses increased by 60.16% to 41.9203 million yuan; the basic earnings per share is 0.78 yuan/share. It is planned to distribute a cash dividend of 4.00 yuan (tax included) per 10 shares to all shareholders.
In the power distribution industry, the guidance issued by the National Development and Reform Commission and the National Energy Administration on the high-quality development of the distribution network under the new situation has provided clear direction and policy support for the industry's development. These policy goals focus on upgrading and digitizing the distribution network, which is expected to greatly increase the demand for Microtech Electric Motors and provide strong support for the company's performance growth. The rapid development of the photovoltaic industry has also brought great market opportunities to the company. With the iteration and integration of technology and industry applications, the scale of the photovoltaic industry continues to expand. The increase in the country's targets for wind power and photovoltaic new installations indicates that the demand for related electric motors will continue to grow. In the RV industry, the significant increase in registrations and the number of new model declarations indicate that the RV market is in an expansion phase. China's RV export business has also shown strong growth momentum in the international market, contributing an important part to the company's performance growth.