JHT(SH:603061)2024-08-08 09:12Company Overview - Tianjin Jinhaitong Semiconductor Equipment Co., Ltd. specializes in the R&D, production, and sales of integrated circuit testing and sorting machines, serving semiconductor packaging testing companies, testing foundries, IDM manufacturers, and chip design companies [2][3]. - The company has a strong reputation in the integrated circuit packaging and testing industry, with products distributed across mainland China, Taiwan, Europe, America, and Southeast Asia [2][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%, but a quarter-on-quarter increase of 13.73% compared to the second half of 2023 [3][6]. - Net profit for the same period was CNY 39.68 million, down 11.75% year-on-year and down 0.40% quarter-on-quarter [3][6]. - Sales expenses increased by 30.6% year-on-year, primarily due to rising salaries for sales personnel and overseas agent fees [3][6]. Product Development - The company introduced new testing functions in the first half of 2024, including partial discharge testing, series testing, and near short testing [3][4]. - The EXCEED-9800 series temperature testing and sorting machine began mass production, with ongoing efforts to promote its sales [3][4]. - The company is also developing testing platforms suitable for MEMS, memory, silicon carbide, and IGBT, as well as advanced packaging products [3][4]. Market Strategy - The company is expanding its global market presence and enhancing customer service capabilities, with a focus on maintaining close communication with clients and participating in industry exhibitions [3][4]. - The "Malaysia Production and Operation Center" project is currently in the construction phase, aimed at establishing a production base in Southeast Asia to better meet market demands [4][5]. Investment and Assets - As of June 2024, the company’s total assets were 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][5]. - The decline in total and net assets is attributed to the repurchase of 2.424 million shares for CNY 166 million from January to April 2024 [4][5]. Industry Position - The company operates in a highly competitive global market for integrated circuit testing and sorting machines, with key competitors including Cohu, Seiko Epson, Advantest, and Hangzhou Changchuan Technology [7]. - The company aims to leverage its technological advantages to meet customized client needs and enhance brand recognition [6][7].