Zhejiang Jiemei Electronic And Technology (SZ:002859)2024-02-27 13:18Group 1: Company Performance Overview - The net profit attributable to shareholders for 2023 is projected to be between 242 million and 282 million CNY, representing an increase of 45.90% to 70.01% compared to the previous year [2] - The net profit after deducting non-recurring gains and losses is expected to be between 232 million and 272 million CNY, reflecting a growth of 57.44% to 84.58% year-on-year [2] - Basic earnings per share are estimated to be between 0.54 CNY and 0.63 CNY [2] Group 2: Market and Industry Insights - The recovery in the electronic information industry and demand resurgence in consumer electronics, new energy, and smart manufacturing are key growth drivers for the electronic components sector [2] - The company has seen a steady increase in order volume due to positive industry factors, with some raw material costs decreasing, which has lowered operating costs [2] - The company is optimizing its product structure, with a rapid increase in the production and sales of high-value-added products, particularly from Japanese and Korean clients [2] Group 3: Investor Relations and Q&A Highlights - Current industry conditions are stable, with low inventory levels in the supply chain, and demand is primarily recovering from downstream industries [3] - The company's release film is progressing well with major clients like Samsung and Murata, with small batch orders already received [3] - The company’s products are indirectly serving various smart terminal devices, and the growth of artificial intelligence (AI) is expected to further increase demand for its products [3] Group 4: Production Base Expansion - The Malaysian production base is currently small, focusing on paper carrier tape products, with plans for expansion to include plastic carrier tape products [3] - The Philippine production base has completed leasing and is undergoing internal renovations, with trial production expected in Q3 2024 [3]