Kinwong(SH:603228)2024-09-02 09:23Financial Performance - In the first half of 2024, the company achieved revenue of 5.867 billion CNY, a year-on-year increase of 18.26% [3] - The net profit attributable to shareholders reached 657 million CNY, up 62.56% year-on-year [3] - The net profit after deducting non-recurring gains and losses was 591 million CNY, reflecting a growth of 46.62% year-on-year [3] Business Growth Drivers - The growth is attributed to the deepening of the company's competitive advantages, expansion of high-end products, and increased efforts in overseas market development [3] - The automotive and consumer electronics sectors experienced significant growth, driven by trends such as electrification and intelligence in the automotive industry, as well as advancements in AI technology [3] - The company anticipates continued demand for high-performance PCBs, HDI, and high-speed FPCs due to emerging technologies like AI, low-altitude flight, satellite communication, humanoid robots, and autonomous driving [3] Market Position and Strategy - The company has successfully increased its market share in various segments, maintaining a high capacity utilization rate [3] - It has established strong relationships with major international automotive suppliers, covering over 90% of Tier 1 suppliers [4] - The company is focusing on high-margin and high-value-added products, with plans to enhance its product structure and expand production capacity [4] Future Outlook - The company is currently ramping up production capacity at its Zhuhai Jinwan factory and is increasing equipment to facilitate capacity release, expecting to enter a harvest period in the next two years [5] - The Thai factory is under construction to meet new overseas customer orders, with specific production plans to be determined based on progress and market demand [5]