Sytech(SH:600183) Nan Fang Du Shi Bao·2025-05-14 07:41Core Insights - In 2024, 63 listed companies in Dongguan reported a total revenue of 127.37 billion yuan, a year-on-year increase of 2.57%, while net profit decreased by 19.81% to 6.036 billion yuan [2][6] - Among these companies, 37 experienced positive revenue growth, with 26 reporting negative growth [3] - Shengyi Technology led in revenue with 20.39 billion yuan, marking a 22.92% increase from the previous year, and also achieved the highest net profit of 1.739 billion yuan, up 49.37% [3][6] Revenue Performance - The top 10 companies by revenue include Shengyi Technology, Xiangxin Technology, and Jianlang Hardware, with Shengyi Technology significantly outperforming others [3] - Xiangxin Technology reported a revenue of 6.744 billion yuan, an 18.25% increase, maintaining double-digit growth for four consecutive years [4] - The fastest revenue growth was seen in Jinlong Co., with a staggering 245.16% increase, reaching 663 million yuan [4][5] Net Profit Analysis - The total net profit for the 63 companies was 6.036 billion yuan, with Shengyi Technology again leading with a net profit of 1.739 billion yuan [6][7] - Dongguan Holdings followed with a net profit of 955 million yuan, up 43.26%, attributed to investment gains from exiting a construction project [6] - Shengyi Electronics turned a profit with a net profit of 332 million yuan, driven by increased demand in AI computing and PCB products [7] R&D Investment - A total of 27 companies invested over 100 million yuan in R&D, with Shengyi Technology leading at 1.157 billion yuan, accounting for 5.67% of its revenue [8] - The R&D focus for Shengyi Technology includes low-loss copper-clad laminates for next-generation servers and high-thermal conductivity materials for 5G applications [9] - Other notable R&D investments include 352 million yuan by Aohai Technology, which is expanding its product lines in energy electronics [9] New Listings - In 2024, three new A-share companies were added in Dongguan, with only Qiaofeng Intelligent achieving revenue and net profit growth [10][11] - Qiaofeng Intelligent reported a revenue of 1.760 billion yuan and a net profit of 205 million yuan, both showing significant year-on-year increases [10] - The other two new companies, Huicheng Vacuum and Changlian Technology, experienced declines in net profit despite some revenue growth [11][12]