Yunyi Electric(300304)2024-08-30 10:45Financial Performance - The company achieved a revenue of 1.026 billion RMB in the first half of 2024, representing a year-on-year growth of 41.50% [3] - The net profit attributable to shareholders was 210 million RMB, with a year-on-year increase of 30.61% [3] - The net profit after deducting non-recurring gains and losses reached 193 million RMB, marking a growth of 60.01% year-on-year [3] Market Strategy - In response to the automotive price war, the company is enhancing vertical integration, improving lean production, and optimizing supply chain management to reduce costs [3] - The company is expanding its global market presence and increasing production scale to mitigate cost pressures [3] Product Development - The company’s smart wiper products are now part of the supply chains for major automotive manufacturers such as BYD and SAIC Volkswagen [3] - The growth of the smart power controller business is driven by its long-standing technology and market experience, which has led to a competitive advantage [4] - The nitrogen oxide sensor products are gaining market share in overseas aftermarket segments due to proprietary technology [4] Shareholder Returns - The company has established a three-year shareholder return plan (2024-2026) to ensure stable profit distribution while considering sustainable development [5] - The company has repurchased 20.33 million shares for future employee stock ownership or incentive plans [5] Future Financing and Incentives - The company plans to arrange funding based on operational needs and market conditions, considering diversified financing channels [5] - A scientific and effective incentive plan will be developed post-share repurchase completion to align with the company's strategic goals [5]