Core Insights - The 11th Chengdu International Auto Parts and Aftermarket Service Exhibition opened with a theme of "Integration, Sharing, Trends," covering an exhibition area of 52,000 square meters and attracting over 770 participating companies [1] - The event aims to create a significant automotive industry gathering in Southwest China, with over 20 activities planned, including the 2025 China New Energy Vehicle International Cooperation Conference [1] Company Highlights - Sichuan Shengtong Xuanwu Information Technology Co., Ltd., a subsidiary of Shengtong Technology, showcased its innovative products at the exhibition, highlighting the new business models and achievements in the new energy and intelligent connected vehicle supply chain [1][2] - The Mianyang exhibition area covered 108 square meters, featuring over 110 technology products across six categories, including new energy vehicles, autonomous driving, and engine components [1][2] - The unmanned retail vehicle presented by Shengtong Xuanwu attracted significant attention, providing an immersive shopping experience through its "autonomous driving + intelligent service" capabilities [2] Industry Development - Mianyang's automotive industry has seen rapid growth, with 101 automotive enterprises projected for 2024 and an industry output value of 30.131 billion yuan, reflecting an 18.33% year-on-year increase [2] - The city is building a comprehensive new energy vehicle industry chain, integrating complete vehicles, three electric systems, core components, and lightweight materials [2][3] - The exhibition serves as a platform to strengthen Mianyang's automotive industry, promoting high-end, intelligent, and green development [3] Financial Performance - For the six months ending June 30, 2024, Shengtong Technology reported revenues exceeding 370 million yuan, with a gross profit of over 160 million yuan and an adjusted net profit exceeding 40 million yuan, resulting in gross and adjusted net profit margins of 43.7% and 11.6%, respectively [3] - Following its successful IPO, Shengtong Technology's stock price rose from an issuance price of 152.1 HKD per share to over 222.0 HKD per share by August 21, indicating strong market interest and valuation growth [4] - The company anticipates that the elimination of certain financial liabilities related to redeemable equity will positively impact its net profit post-IPO, aligning it with adjusted net profit figures [4]
声通科技亮相第十一届成都汽配展，盈利稳定持续拓展业务