AT&S (688472.SH) published an announcement that in the first half of 2024, the company will continue to maintain a good level of profitability by combining its own advantages and rational strategic and tactical adjustments and the development of its second main business of energy storage. It is expected that the net income attributable to the owners of the parent company in the first half of 2024 will be between RMB 1.2 billion and RMB 1.4 billion, and the net income attributable to the owners of the parent company after deducting non-recurring gains and losses will be between RMB 1.2 billion and RMB 1.4 billion. It is expected that the net profit in the second quarter of 2024 will continue to increase by 7% to 42% on a quarter-on-quarter basis, and the company has achieved a net profit growth rate for two consecutive quarters.
Zhitong Finance APP News, AT&S (688472.SH) published an announcement that in the first half of 2024, the company will continue to maintain a good level of profitability by combining its own advantages and rational strategic and tactical adjustments and the development of its second main business of energy storage. It is expected that the net income attributable to the owners of the parent company in the first half of 2024 will be between RMB 1.2 billion and RMB 1.4 billion, and the net income attributable to the owners of the parent company after deducting non-recurring gains and losses will be between RMB 1.2 billion and RMB 1.4 billion. It is expected that the net profit in the second quarter of 2024 will continue to increase by 7% to 42% on a quarter-on-quarter basis, and the company has achieved a net profit growth rate for two consecutive quarters.
In the first quarter of 2024, the company achieved a module shipment volume of 6.3GW, an increase of 3.28% from the same period last year, of which the North American market accounted for more than 20%. It is expected that the shipment volume of modules in the second quarter of 2024 will be about 8GW, an increase of 27% compared to the previous quarter. The company's business in the large-scale energy storage field has made significant progress, and its second main business of energy storage is steadily growing. The company's large-scale energy storage project reserves and signed energy storage contract orders have begun to be delivered on a large scale this year. In the first quarter of this year, the delivery volume of the company's large-scale energy storage products has basically remained unchanged from the whole year of 2023; in the second quarter of the company, the delivery volume of large-scale energy storage products is expected to maintain a growth rate of more than 50% compared to the first quarter; the shipment volume of the company's large-scale energy storage products is expected to reach 6-6.5GWH in 2024, an increase of about 500% compared to 2023.