Mentech(SZ:002902)2024-09-12 12:38Financial Performance - The company reported a net loss of 0.79 billion CNY in the first half of 2024, ranking second in losses among A-share listed companies in Dongguan [33][14] - The company's revenue decreased by 1 billion CNY in Q1 and by 2 billion CNY in Q2, indicating a continuous decline in income [4][7] - The net profit attributable to shareholders has declined alongside revenue due to reduced orders and intensified industry competition [14][4] Operational Challenges - The company faces challenges in scaling production for optical modules due to long testing cycles and limited influence in the market, leading to high costs in small-batch deliveries [5][12] - The strategy of adjusting prices to benefit customers has resulted in lower profit margins, limiting the company's profitability [10][15] - The company is transitioning from a single B2B model to a dual B2B and B2C strategy, which has increased operational costs during the brand promotion phase [4][14] Market Strategy - The company is actively seeking partnerships in the optical communication sector to enhance order acquisition and market presence [5][12] - A focus on improving production efficiency and reducing costs through lean management practices is being implemented [3][4] - The company is committed to ongoing technology development and market expansion to create greater value for shareholders [6][14] Stock Performance and Investor Relations - The company's stock price has dropped by over 45% in recent months, influenced by macroeconomic factors and market conditions [10][15] - Shareholder reductions in stock holdings are based on personal financial needs and comply with legal regulations [7][14] - The company emphasizes transparency and adherence to disclosure obligations, assuring investors of its commitment to improving operational capabilities [6][14]