东方精工：2024年年度报告

GuangdongDongfangPrecisionScience&TechnologyCo.,Ltd. AnnualReport2024 【DateofDisclosure】18March2025 MessagetoOurShareholders Withthepastyearbeingafruitfulone,wearereadytoembraceanewchapter. 2024marked the beginning of a global economic shift and restructuring.Amid theconvergenceofmultiplevariables,theupgradingoftraditionalindustriesdrivenbytechnologicalinnovationandtheartificialintelligencerevolutionshapedthepathforglobaldevelopment. Inthis transformative era,Dongfang Precision has steadfastly implemented its“1+N”developmentstrategyandthepathof“theprincipalbusinessesasthecore+extendedinvestmentasthesupport”.Throughthedualenginesoforganicgrowthandexternalexpansion,wecontinuetostrengthenour positionin theglobalhigh-end equipment manufacturing sector while activelyadvancingintechnology. Atthesametime,wehaveproactivelyanticipatedindustrialtransformationtrends,makingforward-lookinginvestmentsinfieldssuchasrobotics,artificialintelligence,nuclearpower,andaerospace.Theseinvestmentshaveinfusedcutting-edgetechnologicalinnovationintoDongfangPrecision,drivingustoaccelerateourevolutionandgraduallyrealizethetransitionfromintelligentequipmentmanufacturing to the high-quality development of digital intelligence,as well asachievingacomprehensivebreakthroughinour“digitalandintelligent”strategy. In2024,DongfangPrecisionachievedtotaloperatingrevenueofRMB4.78billion,anetprofitofRMB500million,andapeakmarketvalueexceedingRMB20billion,presentingareporttoallshareholdersthatreflectsbothstrategicstabilityandinnovativebreakthroughs. SustainedAdvancementofDualMainBusinesses,StrengtheningtheFoundation Sinceitsfounding29yearsago,DongfangPrecisionhasremainedfocusedonthehigh-endequipmentmanufacturingsectorandcontinuouslyexpandedbothupstreamanddownstreamalongtheindustrialchainwiththeempowermentofthecapitalmarkets.Throughyearsofexperience,wehavedevelopedstrategicmanagementanddeepintegrationcapabilitiesinourcorebusinesssectors,achievingefficientintegrationofouracquisitionactivitiesandcontinuouslygeneratingsynergisticeffectswithintheindustrialchain. Inthefieldofintelligentpackagingequipment,wehavebuiltacomprehensiveindustrialchainthatencompassessmartcorrugatedpackagingequipment,digitalprinters,andindustrialInternetindustrysolutions,alongsideaglobalnetworkforresearch,manufacturing,andsales.Wehavebeen atthe forefront of driving digital and intelligent transformation,continuously enhancing thetechnologicalcontentandaddedvalueofourproducts. In2024,DongfangPrecision’sintelligentpackagingequipmentsegmentachievedarecordhighinannualrevenue.OurmarketshareinsmartcorrugatedpackagingequipmentcontinuedtorankfirstinChinaandsecondglobally.Thehigh-endbrandFosbersawitsmarketshareinNorthAmericasurpass50%.Despiterisingsupplychaincostpressuresandheightenedglobalmarketfluctuations,wesuccessfullystrengthenedourgloballeadershippositioninintelligentpackagingmachinery,becoming a trusted industry benchmark and preferred partner for internationalcustomers. Inthefieldofwaterpowersportsequipment,weovercamekeytechnologicalchallengesinoutboardmotorsandofficiallylaunchedandmass-produceda300-horsepowergasolineoutboardmotorthatmeetsinternationaladvancedstandards.ThismarksanothersignificantachievementforDongfangPrecision,followingoursuccessfulbreakthroughsin2021and2023,whenwedisruptedthelong-standingmonopolyofAmericanandJapanesebrandsinthe115-horsepowerand130-horsepowergasolineoutboardmotormarkets. Currently,international competition has entered deeper waters,and China is graduallytransitioningfrom“passive defense”to“active breakthrough”.Domestic substitution isaccelerating.Inthiscontext,companiesthatcanbreakforeigntechnologicalblockadeswillbenefitfrombothindustrygrowthanddomesticsubstitution.Asarepresentativeoftheriseofdomesticoutboardmotorbrands,wewillleverageoursolidtechnologicalfoundation,activelypromoteR&Dinnovation,and systematically expand water powersports products centered around outboardmotors,injectingnewvitalityintotheChineseeconomy. Today,DongfangPrecisionthrivesonthestrongmomentumofitstwomainbusinesses—”intelligentpackagingequipment”and“waterpowersportsequipment”—positioningitselfasanindustryleaderintermsofmarketshare,industrialchainlayout,customersatisfaction,andoverallcompetitiveness.This is the moat that enables us to effectively respond to various unknownchallengesinaneraofuncertainty.Italsoservesasthesolidfoundationforourongoingexternalexpansionanddrivesthecompanytowardahigherstageofqualitydevelopment. ClearExternalExpansionStrategy,Multi-dimensionalEfforts Lookingback,ourunwaveringstrategicvisionhasalwaysbeen“togrowlarger,notjuststronger”.To this end,we have crafted a clear external expansion strategy,which has been implementedthroughthreekeyinitiatives:“expandingcorebusinessesandintegratingtheindustrialchain”,“strategicinvestmentsthatalignwithcorebusinesses”,and“exploringemergingindustriesthroughequityinvestments”.Theseinitiativesareactivelynurturingnewgrowthdrivers. Inthisprocess,wefullyleveragetheadvantagesofourlistedcompany’sbrandplat