Huarui Precision(SH:688059)2024-08-30 07:37Financial Performance - In the first half of 2024, the company achieved an operating profit of 82.69 million CNY, a year-on-year increase of 12.96% [1] - The total profit reached 82.63 million CNY, growing by 13.00% year-on-year [1] - The net profit attributable to the parent company was 71.94 million CNY, reflecting a 15.35% increase [1] - The net profit attributable to the parent company after deducting non-recurring gains and losses was 70.86 million CNY, up by 19.52% [1] - The company's operating revenue increased by 14.93% year-on-year [2] Research and Development - As of June 30, 2024, the company held 57 valid authorized patents, including 27 invention patents [2] - R&D expenses from 2020 to 2023 were 19.75 million CNY, 24.91 million CNY, 41.56 million CNY, and 60.87 million CNY, showing a consistent upward trend [2] - In the first half of 2024, R&D expenses amounted to 30.59 million CNY, a year-on-year increase of 2.33%, accounting for 7.45% of operating revenue [2] Internal Management and Operations - The company has enhanced business management and lean production to improve overall operational efficiency [3] - It has established a talent training and evaluation system, promoting internal and external training courses [3] - The company has completed the election of the third board of directors and its specialized committees, improving governance structure and operational standards [3] Market Position and Industry Insights - The company ranks second in the domestic market for hard alloy CNC cutting tools in 2023, third in 2022 and 2021 [4] - The company has received multiple awards for its products, indicating strong recognition in the industry [4] - The CNC tool market in China has significant growth potential, with increasing consumption rates and a shift towards high-end products [4]