KAIFA(SZ:000021)2024-09-04 12:31Group 1: Company Overview - Shenzhen Changcheng Development Technology Co., Ltd. is a leading global electronic manufacturing service (EMS) provider, consistently ranked among the top in the MMI (Manufacturing Market Insider) global EMS industry [2] - The company focuses on providing one-stop electronic product manufacturing services, including technology development, process design, production, supply chain management, logistics, and sales [2] - The main business strategy is built around three core areas: storage semiconductors, high-end manufacturing, and intelligent measurement terminals [2] Group 2: Financial Performance - In the first half of 2024, the company achieved an operating revenue of 7.055 billion yuan, a year-on-year decrease of 8.86% [3] - The total profit reached 572 million yuan, an increase of 23.49% year-on-year; the net profit attributable to shareholders after deducting non-recurring gains and losses was 345 million yuan, up 30.06% [3] - Revenue breakdown: storage semiconductor business generated 1.776 billion yuan (25.17% of total revenue), intelligent measurement terminal business generated 1.318 billion yuan (18.69%), and high-end manufacturing business generated 3.925 billion yuan (55.63%) [3] Group 3: Gross Margin and Business Outlook - The overall gross margin for the first half of 2024 was 16.56%, showing a slight increase of 2.68% compared to the same period last year [3] - The company is actively expanding its semiconductor packaging and testing operations in Shenzhen and Hefei, with plans for capacity expansion and a focus on advanced packaging technologies [3] - Future strategies include enhancing core competitiveness, optimizing operational mechanisms, and improving compliance and risk management to boost profitability and create value for shareholders [3]