Wetown Electric(688226)2024-09-06 10:08Group 1: Financial Performance - In the first half of 2024, the company achieved revenue of 1.852 billion yuan, representing a year-on-year growth of 79.13% [3] - The net profit attributable to the parent company was 78.7734 million yuan, an increase of 104.51% compared to the same period last year [3] - The gross profit margin slightly decreased due to changes in product structure [3][4] Group 2: Business Operations - The company has sufficient orders on hand and plans to conduct orderly production based on market conditions and customer demand [3] - The revenue from the power distribution equipment business reached 731 million yuan in the first half of 2024, marking a year-on-year growth of 38.44% [3] - The company is focusing on market development and sales of energy storage products, emphasizing a full product line and industry chain layout [4] Group 3: Market Expansion - The company has been expanding its overseas market presence, with products sold to multiple countries and regions, including Asia, Oceania, South America, Africa, and Europe [3] - The company aims to enhance its competitiveness by focusing on research and development in three main business areas: power distribution equipment, photovoltaic new materials, and energy storage systems [4]