Hangzhou Xili Intelligent Technology (688616.SH) achieved a net profit of 103 million yuan in 2024, a year-on-year increase of 38.44%.

Hangzhou Xili Intelligent Technology (688616.SH) released its 2024 annual performance report, with total operating income of 587 million yuan in 2024, a year-on-year increase of 3.88%; net profit attributable to owners of the parent company was 103 million yuan, a year-on-year increase of 38.44%; net profit attributable to owners of the parent company after deducting non-recurring gains and losses was 90.76 million yuan, a year-on-year increase of 35.69%; basic earnings per share were 0.58 yuan. During the reporting period, the company actively expanded its market and significantly increased its market development efforts. Thanks to the continuous increase in business orders from the State Grid Corporation and Southern Grid Corporation, the company's operating income achieved steady growth. In particular, the significant growth in revenue from smart grid products has strongly boosted the overall profitability of the company, laying a solid foundation for the company's sustainable development.