Jia Yuan Technology(688388)2024-09-04 10:11Financial Performance - In the first half of 2024, the company achieved a revenue of ¥242,304.85 million, representing a year-on-year increase of 16.62% [7] - The net profit attributable to shareholders was -¥10,519.82 million, a decrease of 595.15% year-on-year [7] - The gross profit margin for the first half of 2024 was 1.7%, down 4.92 percentage points compared to the previous year [6] Operational Challenges - The company faced increased processing costs, a significant rise in copper prices, and extended customer payment terms, leading to higher bad debt provisions and decreased capacity utilization [3] - Both operating and investment cash flows were negative, primarily due to increased bank acceptance bills and inventory levels [3] Strategic Initiatives - The company is focusing on cost reduction, efficiency improvement, and enhancing product competitiveness through increased R&D investment, which totaled ¥13,505.87 million in the first half of 2024, up 12.15% year-on-year [10] - Plans to strengthen market communication and enhance the recognition of the company's value among investors are in place [4] Market Outlook - The company anticipates a gradual increase in order volume in the second half of 2024, with a production capacity utilization rate that remains high [7][8] - The competitive landscape in the lithium battery copper foil market is expected to lead to a consolidation of market share among leading companies [11] Future Development - The company aims to expand its international market presence and develop high-value-added products, including advanced copper foil technologies [5][10] - Strategic cooperation with overseas clients is being pursued to enhance market penetration [5]