jiangsu leili(SZ:300660)2024-08-31 15:30Group 1: Financial Performance - Jiangsu Leili achieved revenue of 1.622 billion CNY in the first half of 2024, a year-on-year increase of 10.47% [2] - The net profit attributable to shareholders was 172 million CNY, up 2.62% year-on-year [2] - The gross profit margin for the first half of the year was 28.91%, with a dividend payout ratio of 55.98% [2] Group 2: Segment Performance - The home appliance segment saw a revenue increase of 14% year-on-year, driven by sales of new products like brushless motors for air conditioners [3] - The automotive parts segment experienced a 28% revenue growth, with mass production of electric motors for new energy vehicle air conditioning compressors and lidar motors [3] - The industrial control segment introduced new rare-earth-free synchronous motors, with energy-saving industrial water pump motors already supplied to U.S. clients [3] - The medical and sports health segment's revenue declined, primarily due to reduced sales of linear actuators and voice coil motors from the previous year [3] Group 3: Company Developments - Dingzhi Technology reported a revenue of 103 million CNY in the first half of 2024, a decline of 47.2%, with a net profit of 17.06 million CNY, down 68.55% [3] - The company is actively building a precision motion control product R&D platform, with R&D expenses exceeding 10% of revenue [3] - Dingzhi has established a global sales network, with sales distribution approximately 50% in Asia, 30% in North America, and 20% in Europe [3] Group 4: New Product Launches - New products in the medical field include a baby breathing machine voice coil motor, which has begun small-scale supply [4] - In the industrial control sector, a comprehensive product layout for humanoid robots has been developed, with small-scale sales or sample testing initiated [4] - The company plans to start mass sales of lightweight power new energy vehicle motors and photovoltaic steering motors in the second half of the year [4] Group 5: Strategic Initiatives - Jiangsu Leili established an investment fund in early August to invest in industrial control projects, aiming to integrate the supply chain and accelerate product deployment [4] - The company is expanding its overseas production capacity, with a 60% increase expected at its Vietnam facility by December 2024 [5] - A subsidiary in Mexico is under construction, with plans for customer audits by October 2024 and gradual delivery by the end of the year [5]