Shanghai Friendess(SH:688188)2024-04-25 08:22Group 1: Financial Performance - In Q1 2024, the company achieved revenue of approximately 381 million CNY, representing a year-on-year growth of 40.31% [2] - The net profit attributable to shareholders was about 193 million CNY, with a year-on-year increase of 46.55% [2] Group 2: Business Development - The growth in revenue is attributed to the expansion into new markets and optimization of product structure, with a significant increase in orders for laser processing control systems and intelligent cutting heads [2] - The demand for mid and low-power control systems remained stable, while high-power control systems and cutting heads experienced higher growth rates, with increased overseas demand for both [2][3] Group 3: Product Innovation - The company is advancing its "Intelligent Welding Robot and Control System Industrialization Project," focusing on model analysis technology and automatic matching of welding processes [3] - New functionalities have been developed for welding processes, including various swing actions and improved arc tracking capabilities [3] Group 4: Human Resources and Future Plans - As of the end of 2023, the total number of employees was 864, showing a year-on-year increase [3] - The company plans to maintain precise recruitment aligned with R&D needs and enhance existing employees' skills through training [3]