Sichuan Injet Electric (SZ:300820)2024-08-12 00:56Group 1: Company Performance - The company reported a significant increase in new orders in 2023, with a large contract execution currently underway, supporting revenue and net profit for 2024 [1] - The company anticipates a growth state for the first half of 2024, despite a slight decline in new orders due to the photovoltaic industry's downturn [1] - As of the end of 2023, the company's backlog of orders exceeded 3 billion [2] Group 2: Market Strategy - In response to the current downturn in the domestic photovoltaic market, the company is actively expanding into overseas markets, achieving good sales performance [2] - The company is also working on more contingency plans to mitigate the impact of the photovoltaic industry's down cycle [2] Group 3: Order Confirmation and Revenue Impact - The confirmation cycle for multi-crystalline photovoltaic orders is currently around 18 to 20 months, with significant revenue expected in the second half of 2024 [2] - The company expects that the revenue and net profit for the second half of 2024 will be significantly higher than the first half due to the influx of multi-crystalline orders [2] Group 4: Product Development - The company has achieved partial mass production of RF power supplies, with ongoing development for other models [3] - The company is increasing its production capacity for RF power supplies to meet future demand [3]