RIGOL(SH:688337)2024-09-02 07:34Group 1: Company Performance Overview - In the first half of 2024, the company's revenue was 307.14 million RMB, a decrease of 1.24% year-on-year. In Q2 2024, revenue was 156.16 million RMB, showing a year-on-year increase of 1.09% and a quarter-on-quarter increase of 3.42% [3] - The net profit attributable to shareholders in the reporting period was 7.65 million RMB, a decline of 83.40% year-on-year [3] - R&D expenses accounted for 28.63% of total revenue, with increases in personnel costs, material consumption, and equipment depreciation compared to the previous year [3] Group 2: Product Sales Highlights - Sales of self-developed core technology platform digital oscilloscopes accounted for 77.97% of total sales, an increase of 5.09 percentage points year-on-year, with Q2 2024 sales reaching 83.06%, up 10.30 percentage points from Q1 2024 [3] - The DHO series high-resolution digital oscilloscopes saw a revenue increase of 201.29% year-on-year [4] - High-end digital oscilloscopes contributed 23.92% to overall digital oscilloscope sales [4] Group 3: Financial Metrics - The company's gross margin reached 56.67%, an increase of 1.06 percentage points year-on-year, with Q2 gross margin at 58.46%, up 1.47 percentage points year-on-year and 3.66 percentage points quarter-on-quarter [4] - Revenue in July 2024 is expected to increase by no less than 33.81% year-on-year, excluding unrecognized order amounts [4] Group 4: Strategic Developments - The company opened a new facility in Penang, Malaysia, marking a significant milestone in its overseas strategy and global supply chain [5] - The acquisition of Beijing Nais Electronics Co., Ltd. was completed, with Nais Electronics' revenue increasing by 748.44% year-on-year [5] - The integration of Nais Electronics is expected to enhance the company's capabilities in providing comprehensive solutions and expand its market presence [8] Group 5: Future Outlook - The company anticipates a recovery in revenue growth in Q3 2024, driven by existing orders and new product sales [7] - New product launches, including the DHO5000 series high-resolution digital oscilloscopes, are expected to positively impact performance in the second half of the year [4] - The company plans to release more products, including digital oscilloscopes and programmable power supplies, in the coming months [9]