Megmeet reports increased revenue, invests in production and expansion

Shenzhen Megmeet Electrical (SZSE:002851) reported a 21% year-over-year increase in revenue, reaching CNY 8.17 billion for the year 2024, detailed in its first quarter report of 2025. While net profits saw a decline, the company is strategically investing in long-term growth. The board approved plans to allocate CNY 27.13 million for cash dividends, reflecting a commitment to shareholder returns.