JT(SZ:300400)2025-08-27 00:54Company Overview - Shenzhen Jintuo Automation Equipment Co., Ltd. was established in 1997 and listed on the Shenzhen Stock Exchange in 2014 (stock code 300400) [2] - The company is a leading manufacturer in the electronic thermal equipment industry, providing products for various sectors including consumer electronics, automotive electronics, and aerospace [2] Business Operations - In the first half of 2025, the company achieved total revenue of CNY 368.77 million, a year-on-year increase of 12.44% [3] - The net profit attributable to shareholders was CNY 53.35 million, up 49.01% from the previous year, indicating a strong profit growth outpacing revenue growth [3] - The net cash flow from operating activities reached CNY 79.29 million, a 60.91% increase year-on-year, reflecting high quality of earnings [3] - The net profit margin for the first half of 2025 was 14.47%, the highest in five years [3] Market Strategy - The company has a strong order backlog due to effective market opportunities and deep customer service, leading to recognition from numerous clients [3] - The company has shifted its strategy from "business-oriented" to "technology-oriented," focusing on core technology development and enhancing product value [3][8] Research and Development - Since 2023, the company has increased investment in foundational research, intelligent equipment, and digital management, with nearly CNY 100 million allocated to R&D [8] - The company has established a closed-loop development system for new technologies in electronic thermal equipment, focusing on precise temperature control [4][8] International Expansion - In the first half of 2025, overseas sales accounted for 8.23% of total revenue, indicating significant growth potential in international markets [7] - The company is building a factory in Malaysia, expected to be operational by Q4 2025, and plans to establish sales centers in Europe, America, Vietnam, India, and Thailand [7] Competitive Advantage - Jintuo Automation has served nearly 7,000 clients across over 150 regions globally, maintaining a strong market reputation and brand image [8] - The company possesses a comprehensive product portfolio and has established a leading position in the electronic thermal equipment industry [8] Future Growth Potential - The company anticipates continued rapid changes in the PCBA industry, driven by new packaging technologies and global capacity expansion [9] - The focus on enhancing core competencies and upgrading equipment intelligence is seen as essential for navigating industry transformations [10]