No Data
Revenue and net income reached a new high, Shengmei Shanghai (688082.SH) diversifies its products to accelerate growth potential.
With the disclosure of this annual report, several brokerages have released research reports indicating a bullish outlook on Shengmei's future development in Shanghai.
Research Reports on Digging for Gold | Soochow Securities: Shengmei's main business continues to grow + product categories are continuously expanding, maintaining a "Shareholding" rating.
Soochow Securities recently pointed out in a Research Report that Shengmei Shanghai (688082.SH) benefits from robust demand for Semiconductors equipment, and the company's revenue is steadily growing. In 2024, the company achieved revenue of 5.618 billion yuan, a year-on-year increase of +44.5%. Among them, the Q4 net income attributable to the parent company was 0.395 billion yuan, an increase of +66.0% year-on-year and +25.4% quarter-on-quarter. The company has relatively stable profitability, and the expense ratio slightly decreased. In Q4, the company's operating Cash flow was 0.649 billion yuan, significantly turning positive year-on-year, mainly due to an increase in sales collection compared to the previous period and an increase in current prepayments caused by increased sales Orders. The company is advancing its platform-based layout.
Shengmei Shanghai: 2024 Annual Report
Shengmei Shanghai: 2024 Annual Report Summary
2024 ANNUAL REPORT
2024 Annual Report Summary