JSCQ(SH:688182)2024-05-24 08:56Group 1: Company Overview - Jiangsu Canqin Technology Co., Ltd. specializes in the research, production, and sales of advanced electronic ceramic components, including filters, resonators, and antennas, with applications in mobile communication, radar, RF circuits, and more [3][4]. Group 2: Product Applications - The company's latest ceramic dielectric filters are suitable for sub-6GHz applications, including 4G, 5G, and 5.5G communication networks, with ongoing research in 5.5G and 6G technologies [3][4]. - Products are utilized in satellite applications, particularly in the Starlink project, demonstrating the company's commitment to following customer technology developments [4]. Group 3: Project Progress - The "New Canqin Technology Park Project" is being constructed in three phases: - Phase 1, focusing on HTCC and LTCC product lines, is completed. - Phase 2, the establishment of an electronic ceramic research institute, began in 2023 and is expected to finish in the first half of 2025. - Phase 3, expanding the capacity for dielectric waveguide filters, is planned to start in the second half of 2024, with completion expected in 2025 [4][5]. Group 4: Financial Performance - In 2023, the company reported total assets of CNY 2.35 billion, a 1.41% increase from the beginning of the year, and net assets of CNY 2.136 billion, up 1.42% [4]. - The company achieved operating revenue of CNY 369.89 million in 2023, a 7.16% increase year-on-year, while net profit attributable to shareholders was CNY 46.74 million, a decrease of 40.55% due to reduced government subsidies [5]. - In Q1 2024, operating revenue was CNY 81.61 million, a 5.80% decrease year-on-year, but net profit attributable to shareholders increased by 43.03% to CNY 14.57 million, driven by new product development and market expansion [5][6].