Crystal-Optech(SZ:002273)2024-08-23 05:19Financial Performance - The company's revenue for H1 2024 reached 2.65 billion CNY, a 43% increase compared to H1 2023 [24] - Net profit attributable to shareholders was 426.66 million CNY, up 140% year-on-year [24] - Non-recurring net profit attributable to shareholders was 391.02 million CNY, an increase of 253% [24] - Gross margin improved to 27.60%, up 2.05 percentage points from the previous year [24] - Net margin increased to 16.07%, a rise of 6.50 percentage points [24] Revenue Growth by Segment - Optical components revenue increased by 54.46%, contributing 1.77 billion CNY [26] - Thin-film optical panels revenue grew by 38.47%, adding 1.11 billion CNY [26] - Reflective materials revenue rose by 35%, contributing 0.48 billion CNY [26] - Automotive electronics AR+ revenue increased by 2%, adding 0.03 billion CNY [26] - Semiconductor optics revenue saw a 4% increase, contributing 0.03 billion CNY [26] Cost Management and Efficiency - Total operating expenses decreased by 65.03 million CNY, with R&D expenses down by 39.46 million CNY [23] - The operating expense ratio fell to 11.3%, a decrease of 8.4% year-on-year [23] - Cash flow from operating activities reached 700.57 million CNY, a 147% increase [18] Future Outlook - The company aims for a revenue growth of 10%-30% for the full year 2024 [51] - Continued focus on optimizing product, market, and customer structures to enhance market share [30] - Confidence in profitability growth driven by internal cost management and operational efficiency improvements [30]