Investment Rating - The investment rating for the company is "Outperform" (Maintain) [1] Core Views - The company's revenue for H1 2024 reached 127 million yuan, representing an 18.52% increase year-on-year, while the net profit attributable to shareholders was 22.19 million yuan, up 18.68% [3] - The company is benefiting from a significant increase in overseas sales, with external sales revenue growing by 43% year-on-year, surpassing domestic sales [3] - The company maintains its profit forecast for 2024-2026, expecting net profits of 48 million, 58 million, and 71 million yuan respectively, with corresponding EPS of 0.59, 0.72, and 0.88 yuan per share [3] Financial Summary - The total revenue for 2022 was 202 million yuan, with a projected increase to 291 million yuan in 2024, reflecting a year-on-year growth of 27.1% [4] - The gross profit margin is expected to stabilize around 31.2% in 2024, with net profit margins projected at 16.4% [4] - The company's total assets are projected to grow from 478 million yuan in 2022 to 668 million yuan by 2026 [5] Business Development - The company is focusing on integrated and modular strategies, with new projects in coffee machine wiring harnesses, charging guns, and modules [3] - The company has achieved mass production for several wiring harness and integrated component projects, including those for major automotive brands [3] - The emphasis on high-voltage technology and fast-charging technology in the new energy vehicle sector is expected to drive future growth [3]
威贸电子：北交所信息更新：北交所信息更新海外家电业务带动外销收入高增43%，商咖线束及充电枪等项目蓄力未来发展诸海滨（分析师）赵昊（分析师）万枭（联系人）