SIEYUAN(SZ:002028)2024-08-21 10:48Financial Performance - The company's revenue for the first half of the year reached 6.166 billion CNY, representing a year-on-year growth of 16.27% [2] - The net profit attributable to shareholders was 0.887 billion CNY, with a year-on-year increase of 26.64% [2] - The switch-related products accounted for nearly 50% of total revenue, while coil-related products saw a rapid growth, contributing 27% to the revenue [2] Investment and Expenses - Sales, research and development, and management expenses all increased in the first half of the year, aligning with the company's expectations [3] - The company is continuously increasing investments to support business growth [3] Market Expansion - The company aims for balanced investment across various overseas markets, focusing on identifying new growth points [3] - The demand for transformers in overseas markets remains strong, with orders meeting growth targets [4] Product Development - The company is enhancing supply chain capabilities to improve production efficiency and product quality [4] - R&D investments are primarily focused on power electronics, medium and low voltage switches, and automotive electronics [5] Commodity Strategy - The company engages in copper futures hedging to stabilize product costs and mitigate risks associated with copper price fluctuations [5] Sales and Marketing - Plans are in place to expand the sales team and increase market investment, both domestically and internationally [5]