欧陆通(300870) - 2023年8月24日投资者关系活动记录表

Financial Performance - In the first half of 2023, the company reported a revenue of CNY 1.295 billion, a decrease of 4.85% year-on-year. However, the second quarter revenue reached CNY 776 million, an increase of 4.78% year-on-year and a 49.56% quarter-on-quarter growth, marking a new quarterly revenue high [3] - The gross profit margin improved to 19.40%, up by 4.55 percentage points year-on-year [3] - The net profit for the first half of 2023 was CNY 7.08 million, a 33.67% increase year-on-year, with a net profit margin of 0.55% [3] - Excluding stock incentive expenses, the operating net profit was CNY 47.10 million, a 21.94% increase year-on-year, with an operating net profit margin of 3.64% [4] Expense Overview - Total expenses for the first half of 2023 amounted to CNY 232 million, with an expense ratio of 17.92%, an increase of 3.77 percentage points year-on-year [3] - R&D expenses were CNY 112 million, a 23.81% increase year-on-year, representing 8.63% of revenue [3] Business Segment Performance Power Adapters - Revenue from power adapters was CNY 814 million, down 13.59% year-on-year, but second-quarter revenue was CNY 463 million, up 31.84% quarter-on-quarter [4] - The gross profit margin for this segment was 19.21%, an increase of 6.06 percentage points year-on-year [4] Server Power Supplies - Revenue from server power supplies reached CNY 280 million, a 20.21% increase year-on-year, with second-quarter revenue of CNY 197 million, up 44.66% year-on-year and 140.50% quarter-on-quarter [5] - The gross profit margin for server power supplies was 19.74%, up 1.75 percentage points year-on-year [7] Other Power Supplies - Revenue from other power supplies was CNY 197 million, a 7.39% increase year-on-year [5] - The gross profit margin remained stable at 18.67% [5] Market Strategy and Future Outlook - The company is focusing on expanding its market share in high-power server power supplies and has established relationships with major clients in the industry [5] - Plans to enhance overseas market presence, particularly in Taiwan and the USA, are underway [8] - The company is actively pursuing a convertible bond issuance to support its growth initiatives [8]