Harbin Boshi Automation reports revenue growth amid strategic shifts

Harbin Boshi Automation (SZSE: 002698) reported operating revenue of CNY 2.863 billion for 2024, an 11.59% increase year-over-year, despite challenges in the global economy. While net profit attributable to shareholders decreased slightly by 1.76% to CNY 524 million, the company saw substantial growth in intelligent manufacturing equipment and industrial services revenue. A strategic emphasis on innovation has allowed them to maintain a competitive position in the industry.