Tatfook Technology(SZ:300134) Shang Hai Zheng Quan Bao·2025-04-25 01:36Company Overview - The company operates in multiple sectors including communication RF, consumer electronics, automotive parts, and intelligent equipment, with a focus on vertical integration and manufacturing capabilities [2][4][7]. Financial Performance - The company reported total revenue of 2.32 billion yuan, a decrease of 6.88% year-on-year, and a net profit attributable to shareholders of -476.05 million yuan, down 179.49% [10]. - The gross profit margin for the company's products was 17.14%, a decline of 3.44 percentage points compared to the previous year [10]. - R&D investment amounted to 263.50 million yuan, representing 11.34% of total revenue [10]. Business Segments Communication RF - The company focuses on developing high-performance products to support 5G-A technology, including new generation ultra-low loss and multi-channel integrated products [12]. - The communication business generated revenue of 1.16 billion yuan, a decline of 20.07% year-on-year, with a gross margin of 0.16%, down 11.57 percentage points [11]. Consumer Electronics - Revenue from consumer electronics reached 911.51 million yuan, an increase of 19.87% year-on-year, with a gross margin of 37.04%, up 3.02 percentage points [11]. - The company has made technological breakthroughs in titanium and high-carbon steel products, enhancing its precision manufacturing capabilities [13]. Automotive Parts - The automotive parts segment generated revenue of 189.81 million yuan, an increase of 5.77% year-on-year, with a gross margin of 9.42%, down 2.73 percentage points [11]. - The company has expanded its product offerings to include components for new energy vehicles and has maintained stable orders for air conditioning systems [14]. Intelligent Equipment - The subsidiary, Peitian Intelligent Manufacturing, focuses on developing CNC machines and automation solutions, contributing to the company's overall manufacturing capabilities [7]. Strategic Initiatives - The company is committed to enhancing its core competitiveness through smart manufacturing upgrades and product innovation, with a focus on deepening cooperation with leading industry clients [15][16]. - Efforts are being made to optimize asset allocation and improve the efficiency of existing assets, including the disposal of underperforming subsidiaries [17].