CEI(SH:688128)2024-09-09 09:54Capacity and Production - The company has various business segments with differing capacity utilization rates, aligned with their respective business plans [1] - The polyester resin project and electrical quality technology R&D project have reached expected usable status, while the manufacturing service innovation base project is expected to be completed by December 2027 [2] R&D and Market Trends - The company focuses on R&D in the new energy sector, including electric vehicles and energy storage, with ongoing technology iterations in battery processing systems [2] - In the first half of 2024, China's power and other battery production reached 430 GWh, a year-on-year increase of 36.9%, indicating a sustained growth trend in the lithium battery industry despite a slowdown [3] Financial Performance - The company's gross margin for the first half of 2024 was approximately 33.4%, an increase of about 2.3 percentage points year-on-year, primarily due to scale effects in certain business segments [3] - As of June 2024, inventory increased by 1.56% and accounts receivable rose by 13.41%, attributed to revenue growth [4] Orders and Revenue Outlook - The company has a sufficient backlog of orders, with a stable execution progress, and aims to maintain growth under the principle of "seeking progress while maintaining stability" [4] - The top five customers accounted for approximately 19.3% of total revenue in the first half of 2024, primarily from equipment-related clients [4] International Expansion - The company has made progress in expanding its international market presence, particularly in countries along the Belt and Road Initiative, including Turkey, Malaysia, and Chile [5] - Future international efforts will focus on enhancing collaboration across business segments to strengthen global partnerships [5]