JHT(SH:603061)2024-05-16 08:07Company Overview - Tianjin Jinhaitong Semiconductor Equipment Co., Ltd. specializes in the R&D, production, and sales of integrated circuit testing and sorting machines, serving semiconductor packaging testing companies, testing foundries, IDM enterprises, and chip design companies [2][3]. - The company has a strong reputation in the integrated circuit packaging and testing industry, with products distributed across mainland China, Taiwan, Europe, and Southeast Asia [2][3]. Financial Performance - In 2023, the company achieved a revenue of CNY 347 million, a decrease of 18.49% year-on-year due to a downturn in the global electronic product market and reduced demand for semiconductor packaging testing equipment [3][4]. - The net profit attributable to shareholders was CNY 84.79 million, down 44.91% compared to the previous year [3][4]. - The gross profit margin declined due to changes in the sales structure, with lower-function models increasing their share of revenue [3][4]. R&D and Innovation - R&D expenses increased by 25.09% year-on-year in 2023, reflecting the company's commitment to product innovation and competitiveness [3][4]. - The number of R&D personnel grew by 20.41% compared to the end of 2022, indicating a focus on talent acquisition and development [3][4]. Market Expansion and Strategy - The company is actively expanding its market presence both domestically and internationally, with a focus on establishing a production and operation center in Malaysia to better serve Southeast Asian markets [4][7]. - Sales expenses rose by 17.48% in 2023 as the company intensified its marketing efforts and participated in industry events [4][7]. Future Outlook - For 2024, the company anticipates a positive impact on gross margins from the mass production of the EXCEED-9800 series testing and sorting machines [5][6]. - The company plans to enhance its R&D efforts in technologies applicable to new energy, electric vehicles, and AI testing, while also focusing on expanding its market share among leading IDM and OSAT companies [5][6][7]. Risk Considerations - The report includes a risk warning, indicating that the information regarding industry trends and company development does not constitute a commitment or guarantee from the company or its management regarding future performance [7].