Suntak(SZ:002815)2024-08-20 09:47Group 1: Company Performance Overview - In the first half of 2024, the overall capacity utilization rate increased by 1.62%, with a revenue of approximately CNY 2.926 billion, a year-on-year increase of 5.04% and a quarter-on-quarter increase of 8.95% [2] - The net profit attributable to shareholders in the first half of 2024 was CNY 236 million, a decrease of 22.99% year-on-year [3] - The sales gross margin for the first half of 2024 was 25.08%, down by 2.78 percentage points year-on-year due to a decline in average product prices and rising costs of key materials [3] Group 2: Market and Production Insights - The current overall capacity utilization rate is around 87%, with the Jiangmen HDI factory operating at full capacity due to strong demand for mobile phone orders [3] - In the first half of 2024, overseas sales accounted for 49% of total revenue, with higher gross margins compared to the domestic market [3] - The company is expanding its production capacity with the establishment of a subsidiary in Thailand, driven by actual market demand and order reserves [3] Group 3: Financial and Operational Strategies - The company plans to adjust pricing strategies based on market demand to improve profitability [3] - The management expenses increased by CNY 15.37 million year-on-year, primarily due to depreciation and utility costs associated with new facilities [3] - The company aims to enhance productivity and reduce unit costs through various measures, including optimizing material usage and adjusting product pricing [4] Group 4: Future Outlook and Market Trends - The global PCB market is expected to reach USD 73 billion in 2024, with a year-on-year growth of 5% [5] - The IC substrate market is projected to be the strongest growth area in the PCB market in 2024, with an expected growth rate of 8.6% [5] - The company reported a significant increase in IC substrate revenue, reaching CNY 216 million in the first half of 2024, a year-on-year increase of 90.16% [5]