ZKTeco: Net profit of 1.13 billion yuan in 2024, a year-on-year increase of 2.56%
DATE:  Feb 27 2025

China Securities Intelligent Financial Information Central Control Technology (688777) disclosed its 2024 performance report on the evening of February 27, and the company achieved operating income of 9.351 billion yuan, a year-on-year increase of 8.49%; net profit attributable to the parent company was 1.13 billion yuan, a year-on-year increase of 2.56%; deducted non-net profit of 1.038 billion yuan, a year-on-year increase of 9.6%; The basic earnings per share was 1.43 yuan, and the weighted average return on equity was 11.26%. Based on the closing price on February 27, ZKTeco currently has a price-to-earnings ratio (TTM) of about 41.12 times, a price-to-book ratio (LF) of about 4.66 times, and a price-to-sales ratio (TTM) of about 5.01 times.

Based on the data of this disclosed performance report, the company's price-to-earnings ratio (TTM) chart in recent years is as follows:

According to the data, the company's main production process automation (PA) and enterprise operation automation (BA) two major product systems.

The

main reason for the increase in the company's annual performance in 2024 compared with the same period last year is that the company focuses on the automation, digitalization and intelligence needs of the process industry, and takes the lead in the world to propose a new architecture of "1+2+N" industrial AI-driven enterprise intelligent operation, with AI as the core to drive innovation and build the core competitiveness of "AI + data". Based on the two industrial AI model bases of Process Automation (PA) and Business Automated (BA), the company deeply excavates the value of industrial data, realizes the full coverage of industrial APP/Agents industry, defines and reshapes the new form of process industry, and accelerates the deep integration and application of artificial intelligence technology and process industry scenarios. With the launch of the new PlantMembership membership subscription business model, the company's business has grown steadily, the scale of overseas business has continued to grow, and the oil and gas business, PLC business, and robot business have grown rapidly. The company has always adhered to the core of value creation, continued to promote the digital transformation of the whole process, effectively reduced the overall expense ratio, and significantly optimized the operation and management performance.

According to the data, the company's weighted average return on equity in 2024 will be 11.26%, down 2.44 percentage points from the same period last year.

indicator annotation:

P/E ratio = total market capitalization / net profit. When the company loses money, the P/E ratio is negative, and it is not practical to use the P/E ratio for valuation, and the P/B ratio or P/B ratio is often used as a reference.

Price-to-book ratio = total market capitalization / net assets. The price-to-book ratio valuation method is mostly used for companies with large fluctuations in earnings and relatively stable net assets.

Price-to-sales ratio = total market capitalization / operating income. The price-to-sales ratio method is often used for growing companies that are losing money or making small profits.

The price-to-earnings ratio and price-to-sales ratio in this article are calculated using the TTM method, that is, the data for the 12 months up to the latest financial report (including forecast). The price-to-book ratio is calculated using the LF method, that is, based on the latest financial report data. The quantile calculation range of the three is from the company's listing to the latest announcement date.

When the P/E ratio and price-to-book ratio are negative, the current quantile is not displayed, which will cause the line chart to be interrupted.

(Article source: China Securities Journal, China Securities Network).

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