Shenzhen Huaqiang navigates market shifts, invests in growth

** Shenzhen Huaqiang Industry (SZSE:000062) reported 2024 revenue of 21.95 billion yuan, a 6.6% increase year-over-year. However, net profit attributable to shareholders declined by 54.43% to 213 million yuan, primarily due to increased asset impairment provisions of 298 million yuan and exchange rate fluctuations. Despite these challenges, the company continues to focus on strengthening its core electronic component distribution business, with local product lines accounting for over 60% of revenue. Strategic shifts include bolstering AI-driven technologies for enhanced supply chain management, expansion in niche segments like industrial control, and cautious investments in innovative areas. Additionally, several executive board members were replaced. These moves position the company for continued growth and strategic adaptation in a dynamic market.