LEO PUMP ("LEO" or "the Company"), a global leader in intelligent fluid solutions, today released its 2024 Annual Report, showcasing a year of robust performance, groundbreaking innovation, and strategic global expansion. Guided by a commitment to technological advancement and sustainability, LEO achieved significant milestones across its operations worldwide.

Key Highlights of 2024

Performance Growth: 2024 revenue reached USD 642 million, marking a 19% YoY increase.

Innovative Products: We launched a suite of energy-efficient, smart solutions that are transforming the water industry.

Global Impact: With 7 new countries onboard, our solutions now reach 160+ countries and regions across the globe, empowering communities and businesses worldwide.

Discover how LEO is leading in green technology and driving the transition to a more sustainable future. Read the full 2024 Annual Report below.

I. Strong Financial Performance & Accelerated Momentum

LEO delivered impressive financial results in 2024, underscoring its strong market position and growth trajectory. The Company achieved total revenue of USD 642 million, representing a substantial 19% year-over-year (YoY) increase. This growth was driven by particularly strong performance in international markets, which surged by 26% YoY to USD 336 million, alongside a solid 13% YoY growth in its established China market. This balanced growth highlights the effectiveness of LEO's global strategy.

II. Technological Innovation: Leading the Smart & Digital Transformation

LEO solidified its position at the forefront of pump technology through significant R&D breakthroughs and industry recognition:

Smart Manufacturing Benchmark: LEO's 5G+ Digital Smart Factory in Wenling, Zhejiang, was included in the prestigious 2024 National 5G Factory Directory, setting a new standard for digital transformation within China's pump industry.

Advanced Product Lines: The Company focused intensely on intelligent and integrated product development. Key innovations include:

- Industrial & Domestic Solutions: Permanent magnet smart pumps and the Smart Water series, delivering unparalleled high-efficiency, energy-saving, and water-saving performance.

- Water Treatment Systems: Integrated solutions covering rainwater collection, sewage treatment, and reuse, enabling sustainable water resource management.

- Smart Water Management: Digital platforms providing intelligent monitoring, unmanned operation, and energy optimization, significantly enhancing efficiency and reducing operational costs for customers.

III. Green Innovation: Pioneering Energy Efficiency for a Sustainable Future

Sustainability remained a core driver of LEO's innovation strategy in 2024:

Breakthrough Product Launch: LEO introduced revolutionary glandless circulators, featuring permanent magnet variable frequency technology and zero-leakage sealing. These products deliver exceptional energy efficiency, smart connectivity, and significantly enhance the intelligence of HVAC systems.

ESG Commitment: The Company actively promoted the replacement of outdated systems with its energy-efficient pump solutions, demonstrating environmental responsibility and supporting the global transition to a low-carbon economy under ESG principles.

IV. Global Expansion: Scaling New Heights

LEO significantly strengthened its international footprint and market penetration:

Network Growth: The Company successfully expanded its agency network into 7 new countries, primarily across Central and South America.

Sustainable Projects in Emerging Markets: Leveraging green solutions like solar pumps, LEO advanced critical rural water supply and agricultural irrigation projects across Africa, contributing to sustainable development.

Deepening Belt and Road Presence: Through localized manufacturing at its Indonesian factory, LEO enhanced its ability to serve and expand within the high-potential Southeast Asian markets along the Belt and Road initiative.

About LEO PUMP

Founded in 1995, LEO PUMP is a global-leading partner for smart fluid solutions, engaged in the R&D, manufacturing, sales, and service of a comprehensive range of pumps and systems. Serving diverse segments including domestic, commercial, garden, industrial, and solar pumping, LEO provides customized solutions for users worldwide. The Company is committed to helping individuals, corporations, and governments benefit from intelligent fluid solutions, achieve green transformation, and promote high-quality economic growth and sustainable social development. LEO's innovations have impacted over 160 countries and regions. LEO is building a better world through intelligent flow.