Abbison's 2024 annual results: strong overseas growth, adjusted domestic business structure

Recently, Abison officially released its 2024 annual performance report, showing the company's operating status in a complex market environment. The report shows that Abison's total operating income for the year reached 3.663 billion yuan, a year-on-year decrease of 8.58% compared with the previous year; its net profit attributable to the parent was 117 million yuan, a year-on-year decrease of 62.98%. In terms of quarterly results, Abbison remained profitable in the first three quarters of 2024, while the fourth-quarter results showed significant changes, becoming a key factor affecting the direction of full-year results.
Overseas markets have strong growth momentum, and various regions have performed well
In terms of regional revenue, Abison's overseas markets showed a good growth trend.
在区域营收方面，艾比森的海外市场呈现出良好的增长态势。The annual operating income from overseas markets reached 2.931 billion yuan, an increase of 13.78% compared with the same period in 2023. Many regions such as Asia (excluding China), North America, Oceania, and Africa have achieved significant growth.​

• Asian region: Revenue is approximately 968 million yuan, accounting for the highest proportion of revenue among overseas regions, with a year-on-year growth rate of 20.7%, showing strong market vitality.​

• Europe and North America: revenue accounted for more than 20%. Among them, the growth momentum of the North American market is particularly prominent, with a year-on-year growth rate of more than 40%, and its market share continues to expand.​

• Africa and Oceania: Although overall revenue accounts for a relatively low proportion, the growth trend is very obvious. Oceania's revenue growth exceeded 70%, indicating that these two regional markets have huge potential.​

Looking back at the China market, affected by the economic environment and fierce competition, Abison actively adjusted its business strategies, changing from focusing on scale expansion to selecting value customers for in-depth cultivation.
反观中国市场，受经济环境以及激烈竞争态势的影响，艾比森积极调整经营策略，从以往聚焦规模扩张转变为选择价值客户进行深度耕耘。Under this strategic adjustment, China market will achieve operating income of 732 million yuan in 2024, a decrease of 48.84% compared with the same period in 2023.
In terms of other key data, Abbison's full-year gross profit margin for 2024 was 27.48%, a decrease of 1.53% compared with 2023.
在其他关键数据方面，艾比森 2024 年全年毛利率为 27.48%，与 2023 年相比，下降了 1.53%。Under the company's strategic guidance of proactively optimizing its business structure, the signing amount was approximately 4.256 billion yuan and sales revenue was approximately 3.663 billion yuan during the reporting period. This series of data reflects that although Abison faced the challenge of fluctuating performance during the process of adjusting its business structure, it has achieved positive results in expanding overseas markets. At the same time, it has laid the foundation for future sustainable development in the China market through strategic adjustments.​