JT(SZ:300400)2024-11-08 11:48Company Overview - Jintuo Co., Ltd. specializes in electronic equipment manufacturing, established in 2004 and listed on the Shenzhen Stock Exchange in 2014 [1] - The company operates two industrial parks in Shenzhen, with a total area of approximately 100,000 square meters [1] Business Performance - In the first three quarters of 2024, the company achieved total revenue of CNY 55,749.98 million, with a net profit of CNY 6,033.47 million, representing a year-on-year growth of 56.43% [2] - Revenue from electronic assembly equipment sales reached CNY 49,511.47 million, a year-on-year increase of 21.68% [2] - The third quarter saw a quarter-on-quarter growth of 6.20% compared to the second quarter, indicating strong resilience and market competitiveness [2] Market Outlook - The company is optimistic about the future of the electronic assembly business, driven by stable market demand and technological advancements in AI, 5G, and other emerging technologies [3] - Government policies supporting equipment upgrades are expected to stimulate replacement demand in the existing market [3] Product Development - The company is focusing on digitalization and innovation in its product offerings, including the introduction of AI-driven equipment [3] - New digital equipment was showcased at the 2024 Nepcon Asia exhibition, featuring intelligent process conversion and energy-saving systems [4] Customer Base - The company has served over 6,000 clients, including major brands like Foxconn, Huawei, and BYD, indicating a strong customer retention rate [5] - The electronic assembly equipment is utilized across various sectors, including automotive, consumer electronics, and aerospace [5] Profitability and Growth Strategy - The gross margin for specialized equipment varies by product type and is influenced by sales scale and cost [5] - The company aims to enhance its gross margin through R&D innovation and by expanding into high-value product segments [5] - Future growth may involve mergers and acquisitions to diversify product lines and enhance operational scale [5]