Impro Precision Industries sees net profit Soar as engine and aerospace sales fuel growth

Impro Precision Industries (1286), a global manufacturer, reported a 10.1 percent rise in its 2024 net profit to HK$644.3 million, driven by high horsepower engine and aerospace markets.

The company’s revenue reached HK$4.69 billion, making a year-on-year increase of 1.8 percent.

The United States accounted for 44.4 percent of the company’s overall revenue in 2024, while Europe contributed 30.3 percent and China 17.5 percent.

The large-scale construction of artificial intelligence data centres in the United States, Europe and Asia has led to a surge of 58.6 percent  to HK$785.8 million in sales in the high horsepower engine end-market for the year.

The sales in the aerospace end-market maintained an annual increase of 26.8 percent, which partially offset the challenges from other end-markets.

Sales growth in most of the group’s end-markets was under pressure due to macroeconomic factors such as interest rate cut in the United States and the exacerbating geopolitical risks, the company warns.

“Considering the group’s total order on hand and the future new project development, the company forecasts that the year-on-year sales growth rate in 2025 will be approximately mid to high single digit,” chairman  Lu Ruibo said.

Impro Precision Industries is engaged in the manufacture of high-precision components for the automotive, aerospace and industrial equipment industries with 21 production facilities in China, Germany, Turkey, the Czech Republic and Mexico.

Dannie Li