Huarui Precision(SH:688059)2024-08-21 09:46Financial Performance - In the first half of 2024, the company achieved operating income of 8,263.21 million CNY, a year-on-year increase of 14.93% [1][2] - The total profit reached 8,268.71 million CNY, reflecting a growth of 13.00% [1] - Net profit attributable to the parent company was 7,193.77 million CNY, up by 15.35% [1] - The net profit after deducting non-recurring gains and losses was 7,085.74 million CNY, with a growth of 19.52% [1] Research and Development - R&D expenses for the first half of 2024 amounted to 3,059.20 million CNY, a 2.33% increase year-on-year, representing 7.45% of operating income [2] - R&D expenses from 2020 to 2023 were 1,975.24 million CNY, 2,491.08 million CNY, 4,155.66 million CNY, and 6,087.08 million CNY, showing a consistent upward trend [2] Market Expansion - The company achieved overseas operating income of 2,304.69 million CNY in the first half of 2024, a year-on-year increase of 43.11% [3] - Efforts to expand the market included enhancing product promotion, improving service, and building a stronger sales team [3] Internal Management - The company focused on deepening business management and enhancing lean production to improve overall operational efficiency [3] - A strict quality control system and rigorous quality management measures were implemented to maintain competitive advantages [4] Development Strategy - The company adheres to a development strategy of "independent research and continuous innovation," focusing on the R&D and application of hard alloy CNC tools [4] - Core products have reached advanced levels in processing accuracy, efficiency, and service life, competing effectively in the domestic market [4] Industry Trends - The future of the cutting tool industry will see increased demand for high-performance materials and comprehensive service capabilities to meet modern manufacturing needs [5]