Jiangsu Yoke Technology (002409.SZ) announced its 2024 semi-annual performance forecast, with a net profit attributable to shareholders of the listed company of CNY 0.512 billion to CNY 0.58 billion, a year-on-year increase of 50.00% to 70.00%; net profit after deducting non-recurring gains and losses is projected to be CNY 0.519 billion to CNY 0.587 billion, a year-on-year increase of 48.48% to 68.03%; basic earnings per share of CNY 1.0767/share to CNY 1.2193/share.
The market demand for liquefied natural gas (LNG) as a clean energy source has driven the growth of orders for large LNG transportation ships, fuel tanks, and engineering installations. Sales of LNG cryogenic insulation composite panels have increased significantly.
With the recovery of the integrated circuit industry in 2024 and the rapid development of artificial intelligence, big data, cloud computing, and other technologies, domestic integrated circuit production lines and capacity are increasing. Downstream product categories such as storage and logic chips, AI high-bandwidth memory (HBM), and other products are growing rapidly, and sales of semiconductor electronic materials are significantly increasing.
With the recovery of the display panel industry and the increasing popularity of OLED display electronic products, as well as the 2024 Olympic Games driving the consumption of display electronic products, sales of materials and accessory products for display panels have increased significantly.