On April 25th, Gotion High-tech released multiple announcements regarding its 2024 annual report, changes to the use of raised capital, and its Q1 2025 financial report, among others.
According to the annual report, Gotion High-tech achieved record-high operating revenue of Yuan 35.392 billion in 2024, representing a year-on-year increase of 11.98%. And its net profit attributable to shareholders reached Yuan 1.207 billion, up 28.56% YoY, while adjusted net profit (non-GAAP) stood at Yuan 263 million, marking a significant 125.86% increase compared to the previous year.
The company proposed a cash dividend distribution of 1 yuan per 10 shares (before tax), with total cash dividends amounting to 179 million yuan (before tax). This represents 14.82% of the 2024 net profit attributable to shareholders.
In terms of business segments, the power battery division remains the core pillar of Gotion's performance. In 2024, the power battery business generated revenue of Yuan 25.648 billion, an 11.27% year-on-year increase, accounting for 72.47% of the company's total revenue.
Edited by Cassie Li, lixiangying@mysteel.com
