KHtech(SH:603052)2024-09-27 08:44Financial Performance - In the first half of 2024, the company achieved a revenue of 336.95 million CNY, representing a growth of 10.78% year-on-year [3] - The net profit attributable to shareholders was 35.94 million CNY, a decrease of 13.65% compared to the previous year [3] - The decline in net profit is attributed to increased management and R&D expenses due to strategic project developments [3] Project Developments - The company has established wholly-owned subsidiaries in Qingdao and Huai'an for the development of lithium battery composite materials and production capacity [4] - The Huai'an production base has a registered capital of 100 million CNY, with an initial planned capacity of 80 million to 100 million square meters for composite aluminum foil [4] - The company aims to complete capacity deployment by around 2026 [4] R&D Investments - R&D expenses for the first half of 2024 amounted to 21.37 million CNY, an increase of 43.32% year-on-year [5] - The increase in R&D investment is primarily for the new lithium battery composite materials project and laser sensor projects [5] Market Position and Clientele - The company has established itself as a core supplier for leading manufacturers in the consumer electronics and new energy sectors, including ATL, LG Chem, and CATL [6] - The functional components are mainly applied in consumer electronics and new energy fields, providing specific functions such as protection, adhesion, and insulation [7] Strategic Planning - The company is focusing on developing higher value-added products, such as chip protective films for CMOS image sensors and silicon-based OLED chips [6] - Plans to expand into the semiconductor field and enhance collaboration with existing clients while exploring new opportunities in solid-state battery markets [8]