On August 19th, GeLong Hui announced its semi-annual report of Baichu Electronics (688188.SH). During the reporting period, although the downstream environment was still somewhat affected by macroeconomic factors at home and abroad, due to the continuous growth of domestic high-power thick plate cutting demand and the continuous expansion of foreign application scenarios, the company's main business still achieved rapid growth. Among them, the operating income is CNY 0.88 billion, a year-on-year increase of 33.65%, and the net income attributable to shareholders of the parent company is CNY 0.49 billion, a year-on-year increase of 35.67%. The company intends to distribute cash dividends of CNY 7.18 per 10 shares to all shareholders.
In the domestic market, the market share of the low and medium power system still ranks first, and the product advantages of the combination strategy of high power system + smart cutting head continue to expand. While continuously consolidating the five basic capacity building, the company also further consolidates its leading position in the ultra-high power technology by supplementing the optical capabilities, simultaneously driving the demand of domestic thick plate market, thus ensuring the continuous improvement of high-power market share; In terms of overseas markets, in collaboration with domestic equipment manufacturers' "collective go-to-sea plan", the company continuously expands the recognition and influence of its brand and products at the end-users' side, realizing new breakthroughs in overseas markets.