MTC(002429)2024-07-08 11:51Financial Projections - The company expects revenue for the first half of 2024 to be between 900 million and 1 billion CNY, representing a year-on-year growth of 16.35% to 29.27% compared to 773.56 million CNY in the same period last year[3]. - The net profit attributable to shareholders is projected to be between 890 million and 930 million CNY, an increase of 21.21% to 26.66% from 734.27 million CNY in the previous year[3]. - The company anticipates a net profit after deducting non-recurring gains and losses to be between 830 million and 880 million CNY, reflecting a growth of 32.27% to 40.23% compared to 627.53 million CNY last year[3]. - For Q2 2024, revenue is expected to be between 490 million and 590 million CNY, with a year-on-year increase of 21.26% to 46.01% from 404.09 million CNY[4]. - The net profit attributable to shareholders for Q2 is projected to be between 48 million and 52 million CNY, showing a growth of 36.65% to 48.03% from 35.13 million CNY last year[4]. - The preliminary financial data provided is subject to final confirmation in the 2024 semi-annual report, and investors are advised to exercise caution[7]. Market Position and Strategy - The company has achieved over 50% market share in the COB industry, with ongoing capacity expansion to support increased penetration of Mini COB products[5]. - The company is implementing a Local strategy to deepen its global television market presence, focusing on local partnerships and overseas production bases to meet supply chain demands[5]. Business Transformation - Since 2017, the company has shifted its main business from terminal manufacturing to upstream LED components, enhancing its profitability through technological innovation and smart manufacturing[6].