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Shenzhen Megmeet Electrical (SZSE:002851) Could Be Struggling To Allocate Capital
Megmeet: 2024 Annual Report Summary
Megmeet: 2024 Annual Report
Shenzhen Megmeet Electrical (002851.SZ): In the first quarter, net income was 0.107 billion yuan, a year-on-year decrease of 22.57%.
Globe News on April 28 | Shenzhen Megmeet Electrical (002851.SZ) announced its first quarter report for 2025, achieving revenue of 2.316 billion yuan, a year-on-year increase of 26.51%; net income attributable to shareholders of the listed company was 0.107 billion yuan, a year-on-year decrease of 22.57%; net income attributable to shareholders of the listed company excluding non-recurring gains and losses was 91.9494 million yuan, a year-on-year decrease of 24.40%; EPS was 0.1977 yuan.
Shenzhen Megmeet Electrical (002851.SZ) currently has digital welding power supplies compatible with industrial welding Siasun Robot&Automation.
On April 16th, Gelonghui reported that Shenzhen Megmeet Electrical (002851.SZ) stated on the interactive platform that the company's current Business and products mainly include Electronic Control products for smart home appliances, power products, New energy Fund and rail transport components, industrial automation, smart equipment, and precision connections. The power electronic components and system solutions provided by the company can be applied in many Industries and fields. The company will actively follow future industry development trends, continuously optimize and adjust its Business layout and Global Strategy, and continuously provide ODM/JDM services for power electronic components and systems to large customers in various industries both domestically and internationally. The company currently has adaptations for industrial welding machines.
Shenzhen Megmeet Electrical (002851.SZ): As of June 30, 2024, the company's direct exports accounted for 34.75%.
On April 16, Gelonghui reported that Shenzhen Megmeet Electrical (002851.SZ) stated on an interactive platform that the company offers a diverse range of products, with broad distribution of downstream demand across regions and Industries. As of June 30, 2024, the company's direct export sales accounted for 34.75%, the majority of which supplies demand from regions outside the USA, including India, Japan, South Korea, and Southeast Asia, and Europe. Currently, the Business directly exported to the USA accounts for less than 3% of the company's total revenue, most of which are Medical power supply products exempt from tariffs, thus having limited direct tariff impacts.
Insufficient Growth At Shenzhen Megmeet Electrical Co., LTD (SZSE:002851) Hampers Share Price
