Shanghai Friendess(688188)2024-08-21 10:21Group 1: Financial Performance - The company's revenue for the first half of 2024 was approximately 884 million, representing a year-on-year growth of 33.65% [2] - The net profit for the same period was about 491 million, with a year-on-year increase of 35.67% [2] - The net profit attributable to shareholders of the listed company grew by 35.67%, while the net profit after deducting non-recurring gains and losses increased by 38.13% [2] Group 2: Business Development - The growth in revenue and profit is attributed to increased investment in technology research and market expansion, as well as continuous optimization of product structure [2] - The order volume for laser processing control systems and intelligent cutting heads has seen significant growth [2] Group 3: Market Insights and Strategies - The company noted that the second quarter's growth rate was lower than the first quarter due to a high revenue base in the second quarter of 2023 [3] - The third quarter is typically a slow season for the industry, and performance will need further observation [3] - The company is focusing on product technology and performance improvements rather than short-term price adjustments to stimulate sales [3] Group 4: Product Development - The intelligent welding robot control system is gradually being promoted, with positive feedback from first and second-tier manufacturers and integrators [3] - The company is currently focusing on building steel structures and plans to expand into areas such as towers and bridges [3]