SZZH Bearing Annual Exchange Meeting Focuses on Future Strategy and Growth Potential
On April 18, 2025, SZZH successfully held its 2024 annual performance briefing through the online platform "Value Online". At the meeting, the company's management and investors had an in-depth discussion on the company's development status, market layout and future plans, further enhancing investors' confidence in the company.
The meeting attracted the attention of many investors, and the company's senior team attended in full, including Chairman Zhang Wenhua, General Manager Peng Junxiong, Board Secretary Shen Ying and Financial Director Lu Bin. Through the interpretation of the annual report and video presentation, they introduced the company's operating results in the past year in detail to the participants, and answered the questions of concern to investors one by one.
When talking about the market layout, the company said that both domestic and foreign businesses achieved steady growth in 2024. In the future, Suzhou Bearing Factory will continue to promote the "domestic and international dual-wheel drive" strategy, focusing on high-potential fields such as new energy vehicles, aerospace, defense industry, robots, and high-end equipment manufacturing. As a leading company in the needle roller bearing industry, the company has occupied an important position in the market segment with its rich product variety and comprehensive specification coverage. In the future, the company plans to further consolidate this advantage and expand its global market share.
From the financial data, the company performed well in 2024, with operating income increasing by 12.42% year-on-year and net profit increasing by 21.32%. This is mainly due to strong demand in the fields of automobile manufacturing, industrial automation, and power tools. Looking ahead, the company believes that the growth potential of these sectors is still huge, but the specific performance will depend on the changing trend of market demand.
Regarding the order situation in 2025, the company revealed that the current production capacity is close to full load and the order volume remains saturated. Regarding the stock repurchase plan raised by investors, the company stated that relevant information will be disclosed in subsequent announcements, reminding investors to continue to pay attention to official dynamics.
This exchange meeting not only demonstrated the competitiveness of SZZH in a complex market environment, but also clearly outlined its blueprint for future development. As the company gradually deepens its layout in multiple high-growth fields, its market position and profitability are expected to further improve.
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