V-Test(SH:688372) Zheng Quan Shi Bao Wang·2024-10-20 11:00Core Viewpoint - The company is significantly expanding its production capacity for metamaterials through a new project in Zhuzhou, Hunan Province, to meet increasing market demand and enhance its competitive position in the advanced manufacturing sector [1][2]. Group 1: Project Development - The company signed a cooperation contract with the Zhuzhou government to establish the "Zhuzhou 905 Base Project," which will focus on the research, production, and testing of metamaterials [1]. - The project will be developed in two phases, with the first phase planned to cover nearly 200 acres, and an additional 200 acres reserved for the second phase [1]. - The company aims to leverage the industrial ecosystem in Zhuzhou to ensure the production and delivery of metamaterial products meet the growing demand [1]. Group 2: Financial Performance - In 2023, the company achieved a revenue of 1.494 billion yuan, a year-on-year increase of 27.98%, and a net profit of 583 million yuan, up 54.85% [2]. - For the first half of 2024, the company reported a revenue of 852 million yuan, a slight increase of 1.07%, and a net profit of 361 million yuan, growing by 20.33% [2]. - The metamaterials research segment saw a remarkable revenue increase of 2817.25% in the first half of 2024, indicating strong demand for its products [2]. Group 3: Capacity Expansion - The company is currently completing the second phase of the 709 Base, which is expected to reach 2.5 times the capacity of the first phase upon full production [2]. - The company is accelerating the construction of new bases to accommodate larger-scale research and production tasks due to the increasing demand for its products [3]. - The company is also planning to introduce strategic investors to support its growth in the specialized metamaterials industry [2].