统联精密分析师会议-20250923

Group 1: Report Summary - Report industry: Electronic components [2] - Core view: The company will continue to promote the stable development of existing businesses, conform to the trend of lightweight innovation in the industry, increase investment, improve the diversified component platform, and build a business matrix covering more application fields. It will also control costs through process innovation and process optimization to enhance core competitiveness and market response capabilities [23][24] Group 2: Research Basic Information - Research object: Tonglian Precision [16] - Industry: Electronic components [16] - Reception time: 2025 - 09 - 23 [16] - Company reception personnel: Chairman and General Manager Yang Hu, Director and Financial Controller Hou Can, Board Secretary Huang Rongfang, Independent Director Hu Honggao [16] Group 3: Detailed Research Institutions - Type of reception object: Investors participating in the company's 2025 semi - annual performance briefing through the Shanghai Stock Exchange's Shanghai Roadshow Center [19] Group 4: Main Content Company's 2025 H1 Performance - The company achieved operating income of 402.08 million yuan, a year - on - year increase of 10.01%. After excluding the impact of share - based payment, the net profit was 27.06 million yuan, a year - on - year decrease of 54.52% [23] Future Development Strategy - Promote the stable development of existing businesses, conform to the trend of lightweight innovation, and build a diversified business matrix [24] - Control comprehensive manufacturing costs through process innovation and process optimization to ensure the industrialization of new businesses [24] Q&A Question 1: Balancing investment between traditional MIM business and emerging processes - The company's R & D investment focuses on industry trends and customer needs, and continuously increases investment in new materials and technologies [25] Question 2: Reasons for revenue growth but decline in gross and net profit margins - Some new capacities and investments have not achieved scale effects, and some businesses are in the process of full - process self - manufacturing [25] - Increased management, share - based payment, and financial expenses [25] Question 3: Bottlenecks in the under - production of new capacities in Hunan and Vietnam - Both factories have completed government procedures and passed some core customer audits, and are in the process of normal and steady production [26] - The company will quickly expand production according to customer needs to achieve cost control and stable profitability [27]