JHT(SH:603061)2024-08-05 09:58Company Overview - Tianjin Jinhaitong Semiconductor Equipment Co., Ltd. specializes in the R&D, production, and sales of integrated circuit testing and sorting machines, serving clients in semiconductor packaging and testing, foundries, IDM companies, and chip design firms [3]. - The company has a strong market presence in mainland China, Taiwan, Europe, and Southeast Asia, with a focus on high-speed motion adaptive control technology and high-precision temperature control technology [3]. Financial Performance - In the first half of 2024, the company achieved revenue of CNY 183 million, a year-on-year decrease of 1.65% compared to the first half of 2023, but a quarter-on-quarter increase of 13.73% from the second half of 2023 [4]. - Net profit for the same period was CNY 39.68 million, down 11.75% year-on-year and 0.40% quarter-on-quarter [4]. Product Development - New testing functions introduced in the first half of 2024 include partial discharge testing, series testing, and near short testing [4]. - The EXCEED-9800 series, designed for three-temperature testing, has entered mass production, and a MEMS testing platform is currently undergoing product validation at customer sites [5]. Market Expansion and Investment - The company is actively expanding its global market presence and enhancing customer service capabilities, with a 30.6% increase in sales expenses due to rising personnel costs and overseas agent fees [4]. - A production and operation center in Malaysia is under construction to better serve customers in Southeast Asia, currently in the renovation phase [6]. Financial Position - As of June 2024, total assets amounted to CNY 1.5 billion, a decrease of 5.39% from the previous year, while net assets were CNY 1.263 billion, down 9.73% [4]. - The decline in total and net assets is attributed to a stock buyback of CNY 166 million for 2.424 million shares conducted between January and April 2024 [4]. Risk Considerations - The report includes a risk warning regarding investment risks, emphasizing that the information does not constitute a commitment or forecast by the company or its management regarding industry trends or company performance [7].