Techshine Electronics (301379.SZ) achieved a net profit of 1.5 billion yuan in 2024, a year-on-year increase of 39.97%.

Techshine Electronics (301379.SZ) released the preliminary report for the performance in 2024. The company's total operating revenue reached 1.477 billion yuan, an increase of 16.54% year-on-year; the net profit attributable to shareholders of the listed company was 150 million yuan, an increase of 39.97% year-on-year; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 130 million yuan, an increase of 44.13% year-on-year; and the basic earnings per share were 1.0598 yuan. In 2024, the company achieved a significant increase in operating income and net profit. On one hand, driven by technological innovation and service capability upgrades, the company saw rapid growth in orders for car electronic products in the field of new energy vehicles. On the other hand, the company provided customers with one-stop professional solutions for display products, strengthened customer stickiness through industry chain extension, explored customer product demands, and achieved significant growth in product sales in applications such as industrial control and automation, communication equipment, and smart home. Additionally, the company continued to increase its investment in technology research and development, process upgrades, and innovation in new products such as display modules, touch modules, solution boards, complex module integration products, non-display thin film key products, and car electronic products. By releasing capacity, adjusting product structure, optimizing material costs, and deepening efforts to reduce costs and improve efficiency, the company effectively reduced labor costs and improved operational efficiency.