YIZUMI(SZ:300415)2022-11-19 01:34Financial Performance - In Q1 2022, the company achieved total revenue of 898.52 million yuan, a year-on-year increase of 18.28% [3] - The net profit attributable to shareholders was 110.75 million yuan, with a year-on-year growth of 3.07% [3] - The company has a solid order backlog, although new orders slightly decreased due to the pandemic in East China [3] Market and Product Development - The automotive industry is the largest sector for the company, with expectations for long-term growth driven by the recovery of the automotive market and the rise of new energy vehicles [3] - The company has developed the FF series of all-electric injection molding machines, which are expected to continue rapid growth [4] - The company has over 40 overseas distributors, covering more than 70 countries and regions, with a compound annual growth rate of over 25% in overseas sales over the past decade [4] Challenges and Strategic Responses - The rise in steel prices has directly impacted the company's gross margin, but product price increases have mitigated some of these effects [3] - The company is focused on cost control and improving production efficiency to stabilize gross margin levels [3] - The overall market environment has been challenging due to macroeconomic factors such as the pandemic and geopolitical conflicts, affecting stock prices in the equipment industry [5] Future Outlook - The company is optimistic about the recovery of product demand in 2022, expecting to replicate the strong demand seen in 2020 [5] - Plans are in place to expand the heavy-duty die-casting machine production workshop, expected to be operational by the end of 2022 [4]